New GST Rules For Financial Institutions And Pension Plans.(Goods and Services Tax )(Law overview)Gelkopf, Allan
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. ...
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...
This reduces the need for separate rules and helps you optimize your workflow limit. 17 October 2024 Write Off Customer Opening Balance If a customer is unlikely to pay their outstanding balance, if there are discrepancies, or if the account has remained outstanding for an extended period, you ...
It is noteworthy that the QST regime is generally fully harmonized with the GST/HST legislation in accordance with the Comprehensive Integrated Tax Coordination Agreement (“CITCA”) entered into with the federal government. However, CITCA permits certain deviations with the federal GST/HST rul...
There are 2 types of New Zealand GST registration for non-resident suppliers under the new GST rules for low value goods. You or your customers should be consulting your tax advisor for more detailed information, including the appropriate registration for you and the additional documentation requirem...
Use a configurable tax determination matrix and flexible calculation designer to configure and execute complex tax determination rules and calculations by using formulas and conditions. Simplify compliance maintenance for local tax regulations. Wi...
Before importing into or exporting from New Zealand, businesses should be updated on the latest customs regulations. Familiarising yourself with the customs rules will reduce the chances of being penalised and having your shipment delayed. Read on to learn about New Zealand’s customs regulations and...
Introducing remedial amendments for limited partnerships, including allowing nonresident partners to access AIL in some cases Providing a number of remedial goods and services tax (GST) changes, many of which are aimed at easing compliance costs for taxpayers ...
“The argument that is used by OTT communication service providers that the principle of Same Service Same Rules does not apply because they operate in a different layer as compared to the licensed telecom service providers is invalid,” the company said in its submission last year. It added th...