Considering the significant differences in tax systems, legal frameworks and taxation methods in the GBA, a better alignment of the former can facilitate the free flow of capital, goods, services and talent to provide more opportunities and favourable conditions for local enterprises and residents. Mo...
The policy requirements in different regions are still changing, and there are differences in the implementation and progress, such as the single-track system and the purchase of Paper E-invoices in different regions. Continuous upgrading of the invoicing s...
A few interesting trends emerged in last year’s tax returns that give insight into what the future may hold. Lisa Greene-Lewis, CPA and TurboTax expert, explains.
Always go back over your tax return to make sure that you have included all of your income and deducted every business expense you were entitled to. Look for differences between your estimated expenses at the time you completed Form 1040-ES and what they actually turned out to be...
(Warner Brothers Pictures promotional photo) “Let me tell you about the very rich. They are different from you and me.” F. Scott Fitzgerald didn’t add taxes in his elaboration of those differences in his 1925 short story “The Rich Boy,” but he could have. While most of us middle...
(Warner Brothers Pictures promotional photo) “Let me tell you about the very rich. They are different from you and me.” F. Scott Fitzgerald didn’t add taxes in his elaboration of those differences in his 1925 short story “The Rich Boy,” but he could have. While most of us middle...
However, these DSTs can create the potential for double taxation, and don’t address the underlying issue of tax law and rate differences between jurisdictions. What is the OECD Inclusive Framework? Since 2013, the OECD has led the coordinated global governmental response to the challenges stemming...
One such policy, a preferential tax policy released in August 2022, is directed at Hong Kong residents working in the Nansha district of Guangzhou, meaning if you choose to set up your business in Nansha, you’ll be exempt from mainland China’s Individual Income Tax (CIIT...
applicable. If the SAC deems that the guidance does not conform to Swedish legislation, the legal basis should be reviewed by the legislator, as differences in the application of theOECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrationsbetwee...
It is suggested that two kinds that may still survive despite the claw back—those which lead to timing differences between income and tax such as accelerated depreciation, carry forward to losses and non-refundable tax credits may still allow for a lower effective tax rate. Then there are ...