Since the tax computation directly followed the accounting computation with specific changes defined by the tax law, any revision in the accounting rules could result to an impact in the tax burden of Brazilian firms. In 2008, several accounting procedures were introduced by the accounting ...
From 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 taxpayer has a choice to ...
Among the above changes, the introduction of the anti-avoidance rules, tax clearance mechanism upon expatriation and change of the tax residence rule are expected to have a notable impact on Chinese HNW individuals. Chinese high net worth individuals have been well aware of such changes and have ...
If the benefit-in-kind was received in the 2022 financial year, then the employer is exempted from withholding the income tax, and the employee is exempted as an income tax object. For the 2023 financial year (January – June), the employer is exempted from withholding the income tax. For...
The government offers taxpayers a choice between the traditional old regime, which includes numerous deductions and exemptions, and the new regime with simplified structures and lower tax rates.
The New Year brings the start of anew regulatory regimefor Switzerland’s external asset managers (EAMs) market. EAMs and trustees needed to submit their licence applications in by the end of last year – not all may have made it.
Italy: New Tax Regime for Royaltiesdoi:10.54648/taxi1997066Mayr, SiegfriedIntertax
Launch of Shanghai-Hong Kong Stock Connect and Related New Tax RegimeSusan Munro
The Ordinance is a follow-up of the well-received tax concessions policy for aircraft leasing businesses in Hong Kong, and the new tax regime applies to revenue received on or after April 1, 2020. 作者:李连君李天豪 The Ordinance i. Tax rate ...
On 11 June, a draft law on CIT was released for public consultation. The draft law includes a proposal to drastically amend the Capital Gains Tax regime effective from 01 January 2026.