Relaxation of “Majority shareholder” Threshold for Capital Gains Taxation on Sales of Domestic Listed Shares (Articles 94, etc. of the IITL, Articles 157 of the Presidential Decree of the IITL (“IITL-PD”)) Prior to the amendment, a “majority shareholder” subject to capital gains taxation...
On Dec. 27, 2023, the New York Department of Taxation formally adopted regulations related to Article 9-A corporate franchise tax and Article 33 insurance corporation franchise tax that were proposed on Aug. 9, 2023. Years in the making, the final regulations provide guidance as it relates to...
Under ordinary tax rules, dividends paid by foreign subsidiaries to Italian companies are generally subject to a 95% participation exemption resulting in an effective tax rate of 1.2%. However, depending on the circumstances, full taxation (24%) or 50% taxation (12%) may apply to dividends dis...
Applicable to income earned on or after 1 January 2023, the 5-year tax reduction period has now been extended to 10 years. 4. Virtual assets: 2 year postponement of taxation Virtual asset taxation was due to take effect from 1 January 2023, but this has been pushed back to 1 January ...
However, non-resident enterprises without establishments in China that are taxed on their China-sourced income face a CIT rate of 20%. Small and Low-Profit Companies According to regulations by the Chinese State Administration of Taxation (STA), a special beneficial tax policy exists for small ...
The contribution considers critical issues in European environmental governance, focusing on the role of legal principles, fundamentals and competences, and also a review of sectoral legislation in the field of taxation related to EU climate, environment and energy policies. The role of tax harmonisatio...
participate in the elaboration and development ofChinese standards. At this indicative stage, this document serves as a basis for the next concrete measures concerning foreign investment. These should be published in the coming months. One section also deals with the taxation of expatriates in China...
In 2007, the Joint Committee on Taxation interpreted the statute to mean that all state limited partners are exempt from self-employment tax.[5] However, two Tax Court cases defined the meaning of a “limited partner” for entities other than state law limited...
and UK tax advice on all aspects of domestic and cross-border transactions and remain a strategic resource for clients in international taxation, with lawyers based in both the U.S. and the UK. Our practice advises clients in virtually all major industries, including banking, finance, private ...
Energy lawincludes the use, taxation, legal provision, and regulation of renewable and non-renewable energy. This emerging area of law is complex. Most energy lawyers act as in-house counsel for corporations to help clients stay compliant with current energy laws and regulations. They also often...