New GST Rules For Financial Institutions And Pension Plans.(Goods and Services Tax )(Law overview)Gelkopf, Allan
1. Goods and Services Tax (GST) Since 1 January 2023, imported goods that are valued at more than S$400 are subject to an 8% GST fee, which is paid to the Singapore tax department. This comes after the 2022 Budget, which announced that the GST h...
However, under GST, the turnover limit has been lowered to Rs 20 lakh, thus increasing the tax burden for many manufacturing startups. This change has posed some challenges for startups, as they have to adjust to the new tax regime and comply with the GST rules and regulations. ...
UAE new tax rules: Corporate tax reduced for small businesses TheUAE’s Ministry of Financeissued on Thursday a Ministerial Decision stipulating new rules for small businesses’ corporate tax. The Small Business Relief decision addresses the Federal Decree-Law No. 47 of 2022 on the Taxation of Co...
Tax Alert 2023 No. 43, 24 November 2023 Legislation introduced by the Canadian government to implement model rules developed by the Organisation for Economic Co-operation and Development (OECD) for digital platform operators received Royal Assent over the summer. These rules take effect on 1 January...
5 October 2023 New Options When Filing GST We've introduced the options to un-file GSTR-3B and mark GSTR-2 as Open. These options are available in both the the GST Filing Dashboard page and within the summary pages of the respective tax returns. 5 October 2023 Enhanced PDF Templates in...
On September 14, 2023, the Department of Finance Canada issued a news release regarding proposed legislation to be enacted in order to enhance the existing GST New Residential Rental Property rebate on certain new purpose-built rental property. The propo
Introduces updated reassessment rules and a mediation mechanism between taxpayers and the Central Board of Direct Taxes (CBDT). Major changes of the Direct Tax Code 2025 Simplification of residence rule Residential status for taxpayers will now be classified as either residents or non-residents, remov...
Following this, multiple online real money gaming companies were soon served show-cause notices by GST authorities. While the government clarified that the hike that came into force from October 1st, 2023, was not retrospective, claims emerged of some of the tax demands in these orders going bac...
India (company name and GST) UK (company name and VAT) US, Canada, Australia (company name) UAE, Saudi Arabia, Bahrain (company name and TRN number) Product-specific taxes Enhancement Product-specific taxes for Global, India, UK, and GCC (Saudi Arabia, UAE, Bahrain) editions have been en...