In China, individuals with a taxable income of more than RMB 120,000 per year are required to file an IIT return. However, even if an individual’s taxable income is below the threshold, they may still choose to file an IIT return in order to claim tax deductions and exemptions. It’s...
The exempt threshold for import by mail is reduced from previous EUR 300 to EUR 150. Ukraine Tax Update 2014 January 2014 Starting January 1, 2014 the new corporate income tax rate in Ukraine is 18% reduced from the previous 19% rate. The standard VAT rate is also reduced from the previo...