The VAT is 17% where a product is sold at the price of RMB 2000 with the cost of RMB 1000, then seller has to pay RMB 170 tax for the profit made.…
The HKSAR Government has issued a press release on the matter that in the mutual evaluation undertaken by member jurisdictions of the Financial Action Task Force (“FATF”), Hong Kong has become the first member jurisdiction in the Asia-Pacific…
It was the first agreement of this kind signed by China with a Central American country, granting Costa Rica a strategic position in the region and establishing a framework of economic, legal, and commercial cooperation that continues to bring…
There’s no doubt that this system is set to transform the worldfrom education to medical care, real estate to finance and voting- no one is left unturned with regard to the ground-breaking power of cryptocurrencies.…
欲了解更詳細內容，請連結到以下綱站: 稅務局最新消息. https://www.ird.gov.hk/chi/ppr/archives/18111405.htm. https://www.info.gov.hk/gia/general/201806/13/P2018061300637.htm. 相关事务所. 利安达香港. 相关成员所. Hong Kong…
在接受调查的1000家中小企业中，有55%位于伦敦和英国东南部的企业受到了技术短缺的困扰，而英国中部地区受此困扰的企业比例则为36%。. 从事建筑行业的企业所面临的挑战最大，有61%的企业表示目前招聘困难。. 英国目前正在为触发第50条做准备，有22%的参与调查企业称，脱欧将对他们招聘技术工人带来负面影响。. 在所有期待能够在未来12个月有所发展的企业中，有16% 表示他们正在计划招聘新员工以提高生产和收入。.…
Cameroon: Compliance Requires Clarity, Consistency, and Expert Support Like That Offered by INOV CGA. January 30, 2026. The. Impôt Général Synthétique.…
The Finance Act, 2017 has introduced the concept of an online marketplace and the same has been defined as an information technology platform run by an e-commerce entity over an electronic network that acts as a facilitator in transactions that…
The limit of NPR 1000 has been increased to NPR 2000 for eligibility of deduction of expenses without Tax Invoice. e. The claim of 1/3rd additional depreciation by special industries has been included in Annexure 2 of the Income Tax Act.…
For 2015/16, it is estimated that the surplus amounts to HK$36.8bn, boosting fiscal reserves to HK$856.3bn (grown continuously since 2003). (1.) 2015/16 Budget – Summary Tax rebate- Proposing a number of tax measures, including granting rebate…
The Cyprus government, in its continuous effort to attract foreign investments, has adopted a range of policies that allow third country/ non - EU individuals to obtain an (E.U.) Cyprus Passport.…
Cyprus and UK have signed a new Double Taxation Avoidance Agreement (DTTA) on 22 March 2018 that will replace the existing treaty that was effective since 1975.…
We are proud to announce that Reanda International is admitted as a member of Forum of Firms (FoF) effective 1 January 2022.…
It is worth noting that in the first seven months of 2019, bank deposits have increased by slightly over EUR 4 billion.…
The forecasts of the leading rating agencies and banks insist that the growth of the Greek economy will reach 2.4% in 2024 despite the difficult geopolitical conditions that prevail.…
With effect from YA 2014, SME first commences operation in a year of assessment and the SME has no basis period for that year of assessment and for the immediate following year of assessment, the SME is not required to furnished an estimate of…
It is expected that the presence of this instrument, DIRE KIK can appear more attractive in the Indonesian capital market, and to attract the foreign investment. Related Countries / Jurisdictions. Indonesia. Continue Reading.…
Reanda International is delighted to announce that our member firm in Egypt, is ranked 13th in Egypt according to the 2022 Egypt Survey published by the June 2022 issue of International Accounting Bulletin, Timetric's leading publication for…
The director of a company is responsible for the company’s tax as follows: • any tax that is due and payable by a company; and. • any debt that is due and payable by the company as an employer in respect of Monthly Tax Deduction (MTD).…
However, the pandemic overturned all the positive predictions that had been made. Government took timely measures to deal with the pandemic.…
These measures apply to all companies and entities that are subject to Cyprus tax, including entities that while are not Cyprus tax residents, they have a Cypriot permanent establishment. Interest limitation rule.…
The penalty is imposed on part or all of the amount of sales tax that remains unpaid after the last day the tax is due and payable. The penalty imposed is as follows: Reference/ Citation.…
Excipients: Essential additives that enhance drug stability, absorption, and overall efficacy. 3. Other Raw Materials: a. Medical Textiles: Materials for wound dressings, surgical gowns, and other medical fabric products. b.…
On 10 December 2024, the Australian parliament passed the primary legislation that implements the Pillar Two rules.…
Is the German government able to justify that personal allowances are substantially lower when testator and heir are residents of a third country?…
For the year 2013, it is necessary to update the following information that applies to the payments of salaries starting from January 2013. 1. Withholding income tax rate.…
We are pleased to announce that Reanda International has been accredited by the European Bank of Reconstruction and Development (EBRD) for which our member firms are eligible to audit and consult the EBRD-financed projects.…
Due to the complexity of the transactions, taxing cross-border third-party payment is a real challenge that requires tax legislation to be enacted. Related Countries / Jurisdictions. China. Continue Reading.…
E-Invoicing is a procedure that aims to convert the issuing of paper invoices, as well as credit and debit notes into an electronic process that allows the exchange and processing of invoices, credit, and debit notes in a structured electronic…
Energy costs, rising transport costs and rising raw materials prices are three of the factors that have led to rising commodity prices. Businesses cannot absorb these costs and pass them on to consumers.…
Business that are ideal for laundering cash. Certain businesses that have high levels of cash are ideal for laundering cash: Related Countries / Jurisdictions. Australia. Continue Reading.…
The government announced that there are 37 billion in cash, of which 50% will be allocated to support the health system, businesses and households.…
The main reason of such low tax rates system is that direct and indirect taxes are not the principle components of total public revenue.…
In a recent media release dated 22 May 2023, the IRB announced that the proposed implementation of e-invoicing will be held in stages as follows: Businesses should plan ahead on the implementation of e-invoicing in year 2027, while waiting for…
Royal Malaysian Customs Department (RMCD) will conduct audit on businesses from time to time to ensure that GST Returns are being prepared correctly and businesses are making GST declarations accordingly. Proper Record Keeping.…
(A) 175], (hereinafter referred to as the Rules) has been introduced to restrict deductions for interest expenses or any other payments which are economically equivalent to interest, to ensure that such expenses commensurates with the business…
A shift towards a norm of fighting corruption that has denied the people a meaningful life, towards good governance that reflects a principle in spending that leads to the empowerment and socioeconomic mobility for all layers of the people. ”…
In recognition that innovation and application of technology add value to products and services and to facilitate the development of creative industries, Hong Kong recently legislated to allow deduction against profits for costs incurred in acquiring…
The information to be gathered will not be confined to taxes administered in Hong Kong; it will also cover taxes that are not levied in Hong Kong, for example capital gains tax, value added tax, etc.…
Reanda International is delighted to announce that our member firm in Australia, Reanda Australia Pty Ltd is ranked 20th in Australia according to the 2022 Australia Survey published by the July 2022 issue of International Accounting Bulletin…
The BEPS Project aims to provide governments with clear international solutions for fighting corporate tax planning strategies that exploit gaps and loopholes of the current system to artificially shift profits to locations where they are subject…
Reanda International is delighted to announce that our member firm in Malaysia, Reanda LLKG International Chartered Accountants is ranked 18th in Malaysia according to the 2022 Malaysia Survey published by the August 2022 issue of International…
Reanda International is delighted to announce that our member firm in Singapore is ranked 21st in Singapore according to the 2022 Singapore Survey published by the July 2022 issue of International Accounting Bulletin, Timetric's leading publication…
Reanda International is delighted to announce that our member firm in Italy is ranked 19th in Italy according to the 2022 Italy Survey published by the November 2022 issue of International Accounting Bulletin, Timetric's leading publication for…
Reanda International is delighted to announce that our member firm in Japan, Reanda MC International CPA Partners is ranked 10th in Japan according to the 2022 Japan Survey published by the July 2022 issue of International Accounting Bulletin…
Reanda International is delighted to announce that our member firm in Germany is ranked 21st in Germany according to the 2022 Germany Survey published by the November 2022 issue of International Accounting Bulletin, Timetric's leading publication…
The German Federal Fiscal Court argued that the additional amount under paragraph 10 section 1 sentence 1 AStG is part of the trade income of a domestic enterprise, not situated within a domestic permanent establishment deleted.…
GMT is applicable to Multinational Enterprise (MNE) groups that have an annual consolidated revenue of € 750 million or more in at least two out of the four years before the tested year.…
The IRBM issued a media statement on 6 June 2025, informing that the Ministry of Finance (MOF) has decided to grant a stamp duty exemption as follows: Contracts finalized before 1 January 2025. - exempt from stamp duty and late stamping penalties…
Furthermore one of the basic rules to receive a VAT free Intra-Community delivery is, that there is a Intra-Community acquisition, that is subject to VAT in the destination country (although such an IntraCommunity acquisition does not lead to…
Upon the completion of their secondment, these employees returned to their original employers, which is the overseas entity that had only temporarily "loaned their services.".…
For companies that are already established, like NBG Pangaea, the largest REIC in Greece, the 400.000 € capital injection is only a fraction of the increase in share capital, which is to take place towards the end of this year. • a capital injection…
“qualifying investor”. that makes a. “risk-finance investment”. in an. “innovative small and medium-sized enterprise (SME)”. may deduct the costs of the investment from his/her taxable income.…
The Ministry of Finance announced that on 8 May 2017 in Nicosia, The Republic of Cyprus and The Grand Duchy of Luxemburg concluded and signed the Double Taxation Avoidance Agreement (DTAA).…
Reanda International is delighted to announce that our member firm in Hong Kong, Reanda Hong Kong is ranked 14th in Hong Kong according to the 2022 Hong Kong Survey published by the August 2022 issue of International Accounting Bulletin, Timetric's…
Mahathir bin Mohamad announced that the Sales and Services Tax (SST) would be re-introduced to replace Goods and Services Tax (GST).…
Since the Getúlio Vargas Government (1933), it was only in late 2022 that several resolutions of the Brazilian Monetary Board (CMN) and the Brazilian Central Bank (BACEN) were updated containing the new norms on foreign exchange and international…
The Cyprus Ministry of External Affairs and Ministry of Finance have announced that Cyprus has concluded and signed a new Double Taxation Agreement (DTA) with Iceland.…
As always, it is important to monitor global economic trends, policy changes and unforeseen circumstances that may affect the Greek economy moving forward.…
Article 3 of Notice No. 30 provides that, when certain conditions are met, an Applicant is directly determined to have the capacity of a “beneficial owner”.…
