Main pool plant and machinery: 18% writing down allowances per annum on the reducing-balance basis on certain equipment, plant, and machinery acquired for use in a trade or property rental business. Note that a temporary super deduction regime (providing up to a 130% deduction) existed from ...
Notwithstanding that corporate non-resident landlords (NRLs) are now within the scope of corporation tax in respect of the profits of their property rental business, the NRL scheme (that requires the NRL's letting agent or tenants to withhold income tax at 20% at source unless they have been...
Interest, royalty, contract payment, technical fees, rental of movable property, payment to a non-resident public entertainer or other payments made to non-residents are subject to withholding tax, but the tax was not paid. Tax incentives Suppose you're operating in sectors like agriculture, ...
However, if the property is used by a shareholder or associate of the corporation, it would only qualify as being ‘for the purpose of producing assessable profits’ if rent is charged and the corporation is assessed to Hong Kong tax on the rental income. O...
In contrast to Great Britain, borrowers in Ireland are govern by general tax rules covering either trading expense, charge on income or deduction against income for a property rental business. The absence of a stand-alone code for taxation is complicated by a 12.5% tax rate for trading income...
Tobecome an NHR, you will need a rental contract of 6 months or longer, or a property in Portugal in your name. You can move to Portugal at any point during the first part of the year, so as to satisfy the 183 days residency test that most countries use to determine fiscal residency...
Rule 86b restriction not applied where income tax paid(12) Deemed exports(11) Inclusion of rental business location as additional place of business (pob)(11) Rmc on fright(11) Works contractors - tds data(11) Family in gst law(11) ...
Are you purchasing your first rental property and are unsure of the tax rules? Do you have international tax issues that require an international tax accountant who can represent you with a foreign tax authority? Are you a US citizen residing in Canadaand have not filed a US tax return (104...
Tax Services PT Prima Wahana Caraka Contents Corporate Income Tax Tax rates; Tax residence; Tax payment; Business profits; Deductions disallowed; Losses; Profit distribution; Deemed profit margins; Special industries and activities; and Incentives Individual Income Tax Tax rates; Main personal relief; ...
insurance and property taxes and sales tax and for all other items in the lease during this period. If Tenant defaults under the terms of the Lease, and the defaults is not cured within the time limits specified in the lease, then it is agreed that Tenant will be liable to Landlord for...