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 ...
Implementation timeline –The plan is for the GloBE Rules (i.e. the Income Inclusion Rule (IIR) and Undertaxed Profits Rule (UTPR)) and the HKMTT to come into operation in 2025 in Hong Kong – i.e. apply to accounting periods commencing on or after 1 January 2025...
foreign enterprise and enterprise income taxes, stamp duty and VAT. We also advise on the tax implications of restructuring, M&A, and tax due diligence. Responsibilities - Planning and project managing tax advisory assignments, including preparing tax advice and reports for clients - Structuring cross...
You will work within specific client service teams and one-off assignments on a project by project basis. Project and client teams are typically cross-discipline and we advise on China corporate income tax, business taxes, Value Added Tax, transfer pricing, and stamp duty issues encountered by c...
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...
The Notice clarifies that an applicable corporation or CFC partner can credit its share of foreign income taxes paid at the partnership level for CAMT. A deeper dive Section 3: Definition of taxpayer The guidance defines "Taxpayer" as any entity, regardless of whether such entity is subject to...
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 ...