Tax updates 2023Turkey Interest Rate Turkey increased on December 21, 2023 the interest rate f40% to 42.5%, the 7th rise within seven months. December 2023. U.S November Job Report The U.S. economy added 199,000 new jobs in November 2023. The unemployment rate in November 2023 was 3.7%...
Controversy is brewing in Ghana as the government’s recent introduction of a 10% withholding tax on betting and lottery winnings ignites public discontent.
Ghana (USD mn) 1,009.808 Jun 2023 monthly Jan 2008 - Jun 2023 Greece (USD mn) 17,557.973 Sep 2023 quarterly Mar 1999 - Sep 2023 Hong Kong SAR, China (USD mn) 19,445.641 Dec 2023 quarterly Sep 1979 - Dec 2023 Hungary (USD mn) 14,191.684 Dec 2023 quarterly Mar 1999 - Dec 20...
*WHT rate on dividends may be reduced to 0% in case the beneficiary company held at least 10% of the shares in the company distributing the dividends for at least one year. Rwanda (Last reviewed 20 July 2024) Resident: 15 / 15 / 15; Non-resident: 15 / 15 / 15 Saint Lucia (...
Doing business in Mexico - a destination for growth Dutch government announces tax rate changes Enterprise resource planning - avoiding the pitfalls EU VAT Action Plan - solutions for micro-businesses and SMEs? FATCA - impact on businesses and individuals Five Eyes on the Fence: Human Capital...
Macroeconomic Variables (Inflation, Interest rate, Exchange rate)This paper examines the sensitivity of tax revenue performance to IFRS adoption in Africa and the implication for tax policy. The study investigated how IFRS adoption affects the level of tax revenue performance in Africa. This study is...
Belgiumhasrelativelyhighfueltaxesonconsumerfuelsandaveryhighrecyclingrate,inpartduetotheearly introductionoflandfillbansandhighlandfilltaxesand charges.Linkedtothis,Belgiumhasarelativelysuccessfulextendedproducerresponsibility(EPR)systemforboth householdandindustrialpackaging.BelgiumisoftencitedasaEuropeanleaderintermsofrecycl...
On the other hand, enterprises that demonstrate a higher interactive response rate and cultivate a positive interactive disclosure sentiment with investors exhibit lower levels of tax avoidance. These findings hold practical significance in deepening financial system reforms and promoting the sound ...
Ghana(Last reviewed 03 June 2024)Standard rate scheme: 15; Flat rate scheme: 3 Immovable property: 5 Additional levies are charged on taxable supplies. Under the standard rate scheme these are NHIL: 2.5, GETFL: 2.5, and CHRL:1. While under the flat rate scheme, this is the CHRL: 1 ...
One such payment that has been explored anthropologically is tithes in Ghana (Kauppinen 2020). The tithe payers’ assessments of the ethics of the fiscal exchange with the state was profoundly shaped by their perception of their reciprocal relationship with God, who offered divine favour and ...