Feb 12, 2023 | 2 commentsFrom FY 2023-24, tax rates for the new tax regime are revised. The new Tax Regime was introduced in Union Budget 2020-21. So now there is old tax regime, new tax regime applicable till AY 2023-24 and Revised new Tax Regime applicable from AY 2024-25. Now...
However, the new tax regime brings lower tax rates but eliminates many of the exemptions and deductions available under the old system. Instead, it offers a fixed standard deduction of Rs 50,000 for all taxpayers, along with an increased basic exemption limit of Rs 3 lakh and tax rebates fo...
27 September 2023, London– Globalinsurers are adapting to a challenging macro environment in 2023, according to BlackRock’s 12thannual Global Insurance Report. To do so, they are adopting a strategic asset allocation (SAA) that favors flexibility, allowing them to...
New Inter-Corporate Participation Exemption Regime in SwedenAlhagerM.ingentaconnectIntertax
John Timpany of KPMG China provides an overview of the foreign-sourced income exemption regime scheduled to become effective from January 1 2023 and discusses what actions businesses should take to prepare for it.
Since the promulgation of the Cybersecurity Law of China in 2017, the Chinese government has been focusing on the regulation over cross-border data transfer out of China. As of today, the PRC legal regime for the cross-bo...
II. Prohibition Regime According to Art. 3 of the Regulation, relevant commodities and relevant products shall not be placed on the market, made available or exported from the market unless the following three conditions are cumulatively fulfilled: ...
Accounting for foreign tax paid under an Income Inclusion Regime (IIR) by a foreign parent on CFC income that would otherwise be part of the domestic corporation's global minimum tax inclusion (effective for tax years beginning after 31 December 2023) Limiting a US shareholder's dividends-receiv...
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companies without a local partner(s), provide for full repatriation of profits, as well offering tax holidays. In this guide, we will compare the new foreign-investor-friendly environment with the previous regime and identify some of the key changes that have been made to attract new businesses...