Transfer Pricing: We provide advisory services for transfer pricing planning, corporate structures, issues in transfer pricing and Advance Pricing Agreements, among other services in transfer pricing. Indirect Taxes and Real Estate: Our team provides VAT advice on domestic and international transactions an...
Applying the rules and determining the impact may be challenging for many multinational groups. Further, it may be unclear how the top-up tax will be accounted for under IAS 12 Income Taxes and discussions within the accounting profession are ongoing. Investors want to know how companies will ...
4. FRS 12.74 Deferred tax liabilities and assets are offset if the entity has a legally enforceable right to offset current tax liabilities and assets (see explanatory note 6 below), and the deferred tax liabilities and assets relate to income taxes levied by the same tax authority ...
The report found that middle income economies of Indonesia, China, India, Russia, Brazil and Mexico accounted for 32.3% of world GDP compared to a 32.9% contribution of the six largest high income economies: USA, Japan, Germany, France, the UK and Italy. However based on Real GDP, the ...
(DTL), new rules on deferred tax assets and liabilities where there are divergences between GloBE rules and accounting carrying values, the allocation of cross-border current and deferred taxes, the allocation of profits and taxes in structures involving flow-through entities, and the treatment of ...
the HKMTT will be imposed on100%of the total top-up tax computed for all the Hong Kong constituent entities (CEs), irrespective of whether they are wholly owned or partially owned; the top-up tax under HKMTT will be allocated based on the ratio of the GloBE income ...
TAYSAD, Chairman More than 200 top executives contributed to our survey, which gives an overall picture of the automotive industry and market and which has been carried out for the fourth time this year. According to the results of the survey, taxes, investment environment and price competition...
Accounting data preparation: Financial statements for each MNE group entity to be adjusted to group consolidated GAAP, accounting consolidation for all entities in a given jurisdiction, etc. ETR and top up tax calculation: Permanent difference adjustments, attribution of covered taxes to each entity, ...