The Finance Act, 2023 (the Act) was signed into law by the President on 26 June 2023. Unless specifically mentioned, the changes highlighted in this Tax Alert were meant to take effect on 1 July 2023. However, on 30 June 2023, the High Court of Kenya iss
The taxation law reflects the attempt by the minister for finance to deal with the recent global and domestic economic downturn. The taxation law also explains the substantive areas of reform contained in the Act, such as: research and development tax credit; double taxation agreements; exemptions...
The widely anticipated reforms that came with themoney market regulations that went into effect in October 2016brought about its own set of changes that affected investors of all kinds. While these reforms actually began as rules adopted by theSecurities and Exchange Commission (SEC)in 2014, ...
TIR 13-15: Tax Changes in the Fiscal Year 2014 Budget, the Transportation Finance Act, and the Fiscal Year 2013 Supplemental Budget This study aims to determine the effects of R&D and marketing expenditures of companies that force marketing and finance to act together on stock return, r... ...
equitable and non-anomalous. This is a very tall order given that the existing tax structure would require massive amendments in the Finance Act 2018, proposed by the Abbasi-led government in the budget for the ongoing fiscal year and approved by parliament more than a month before the end of...
There hasn’t been as big a drop in prices as expected amid higher investor yield expectations partly because there’s a lag in the market. Investors may have needed to invest in certain projects to help meet their Community Reinvestment Act requirements, and that may have resulted in them st...
Maryalene LaPonsieNov. 19, 2024 Why Investors can be Thankful in 2024 Investors can celebrate 2024 stock market gains, lower inflation, tax-deductible IRA contributions and expanded gift-tax exclusions. Kate StalterNov. 18, 2024
Further, and similar to other credits, the IRA provides rules related to the reduction of the new IRC Section 45V PTC where tax-exempt bonds were used to finance the facility. Implications: While investments in hydrogen have progressed globally at varying...
In 2025, the Certified Public Accountant (CPA) Exam will continue to operate under the core-plus-discipline licensure model introduced in January 2024. This model requires candidates to pass three core sections—Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), and Taxation ...
12 December, 2024 Romania’s Ministry of Finance, in a release, outlined the preliminary format for public Country-by-Country (CbC) reporting. This follows after Romania has introduced public country-by-country (CbC) reporting requirements through Order no. 2.048 of 1 September 2022 under the ...