Governments worldwide continue to reform their tax codes at a historically rapid rate. Taxpayers need a current guide, such as the Worldwide Corporate Tax Guide, in such a shifting tax landscape, especially if they are contemplating new markets.
Lower rate for payments in connection with patents, designs, secret formulas/processes, or industrial, commercial, or scientific equipment/experience. Lower rate on payments for industrial, commercial, or scientific equipment, or for information concerning industrial, commercial, or scientific experience. ...
Types of payment Deemed VAT rate (%) (2) Deemed CIT rate (%) Supply of goods in Vietnam or associated with services rendered in Vietnam (including in-country import-export and imports, distribution of goods in Vietnam or delivery of goods under Incoterms where the seller bears risk relati...
Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. In addition when interest rates fall income may decline. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest...
6 | Viet Nam Pocket Tax Book 2024 Corporate Income Tax ("CIT") Tax rates Companies are subject to the tax rates imposed under the CIT Law. The standard CIT rate is 20%. Effective from 1 July 2023, companies operating in the oil and gas industry are subject to CIT rates ranging from ...
For transactions made in foreign currencies in the Philippines or abroad, the manner of conversion from the transaction currency to the payment currency (Philippine Pesos) would be automatically made using prevailing exchange rate of Security Bank and/or the international network where the transaction ...
Thus, the Government set up aexpert Committeein March 2023 to create a roadmap to prevent this flipping. The Committee also acknowledged the concern of “brain drain” and provided recommendations to encourage “reverse flipping” i.e. bringing startups and companies back to India. ...
After successful completion of the move of Kulicke & Soffa's Global Corporate Headquarters from the U.S. to Singapore, he led a complex business tax restructuring project to improve operating efficiency and reduce the company's effective tax rate during a record setting fiscal year of 2011. ...
Australia has implemented a levy (known as the Major Bank Levy) on Australian authorised deposit-taking institutions (ADIs) with total liabilities of greater than AUD 100 billion. The levy is imposed at a rate of 0.015% on certain liabilities of the ADI that are reported to the regulator on...
Where an enterprise of a contracting state derives income from the other contracting state, and the income is attributable to the enterprise’s PE in a third jurisdiction, such income will be subject to a 15% rate if the combined tax actually paid with respect to such income in the resident...