Put simply, HMRC doesn't refund foreign tax. However, when you have foreign tax on the income taxable in the UK, you can file a claim for tax credit relief. You can file this claim for all or just a part of the overseas tax you have paid. Whether you're paying foreign tax credit ...
The Hong Kong SAR government proposed to refine Hong Kong’s foreign source income exemption (FSIE) regime for passive income with effect from 1 January 2023. Four types of offshore passive income, namely (1) interest, (2) income from intellectual properties, (3) dividends and (4) disposal...
There are 246 business fields under this category of the positive investment list. Moreover, businesses in priority sectors are eligible for a range of fiscal and non-fiscal incentives. Fiscal incentives include a 50 percent corporate income tax reduction for investments between 100...
Foreign entities providing goods in Vietnam in the form of in-country export-import and earn income in Vietnam under contracts between them and Vietnamese companies.This is except for cases in which goods are processed and then returned to foreign entities. Other incomes receivable in Vietnam ...
For non-resident taxpayers, IIT on different incomes is calculated separately for each time or each month when you receive the income. The taxable income amount for income from wages and salaries of a non-resident individual is the balance after the deduction of the standard deduction (RMB 5,...