You must have paid or accrued the tax.To count a foreign tax toward the income tax credit, you must show that you paid the tax or will have to pay the taxes in question as a result of your earning activities in the country. The tax must be an income tax.The IRS requires you to u...
The rule can apply to carryback claims, where the stakes are potentially much higher. The rule was further extended in 1997 to claims relating to foreign tax credit carrybacks, which has practical implication for taxpayers under audit.Salles...
The problem featured mainly in the course of designing appropriate structural adjustment packages for the countries. It was believed that most of the domestic currencies were grossly overvalued. This situation was associated with the poor performance of the export sector. It was also argued that ...
Foreign government bonds are also subject to the regulatory framework andtax policiesof the issuing country, which may differ significantly from the investor’s home country. These regulations can affect how the bonds are traded, reported, or taxed. In some cases, investors may face withholding ta...
The Public Prosecution referred them to the court for trial on charges of intelligence with a foreign country to carry out hostile acts against Bahrain, undermine its political and economic status as well as its national interest to overthrow the political system. Intelligence case adjourned to Apri...
Given that more changes could be implemented under the principle of 'dynamic adjustment', have any measures been planned to alleviate the impacts so the new policies can be implemented smoothly? A: We have over 1,000 categories listed under the prohibited categories and this will expand. High ...
account, the amount shall be retained in foreign currency up to the maximum amount determined by the Administration of Foreign Exchange. The portion of foreign exchange that exceeds the maximum amount shall be sold to a designated foreign exchange bank or through a foreign exchange adjustment centre...
1. Food production enterprises are entitled to privileges such as VAT exemption for the circulation of vegetables, meat and egg products; adjustment of VAT, property tax, urban land use tax and stamp tax for state reserve commodities; and adjustment of urban land use tax for certain storage fac...
It is undeniable that the current economic growth in China has basically said goodbye to the high speed of about 10% years over the past 30 years, and the downward pressure is greater. The pains of structural adjustment are gradually emerging, and the difficulties in production and operation of...
it provided information, export tax rebate, project packaging and orders for enterprises through the public service platform of foreign trade, and designated 8 "incubator" units to carry out "one to one" training for enterprises, and successfully cultivated more than 200 enterprises with export achie...