The two countries signed on December 1, 2023 a double tax agreement, DTA. The DTA includes reduced tax withholding rates for dividends, interest and royalties. January 2024. Israel Interest Rate Cut The Israeli central bank lowered on January 1, 2024 the basic interest rate from 4.75% to 4.5...
QuickBooks guide on small business tax in South Africa simplifies tax time with helpful tax tips. Learn how to file your tax as a small business owner.
October 2023:Japan qualified invoice requirement effective October 1, 2023. September 2023: Reverse charge reporting available for Japan JCT on B2B sales, Reverse charge reporting no longer available in Serbia on B2B sales. January 2023:Singapore GST rate increase of 1% to an 8% GST rate ...
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%...
As a nation, South Africa does rather poorly on the savings front. With the majority living near or below the breadline, there’s not much to save when you’re more concerned with just getting through the month. Our high levels of consumer-debt, combined with little in the way of persona...
INDIVIDUAL INCOME TAX RATES OF TAX FOR THE YEAR 2022 (YEAR OF ASSESSMENT 2023) Chargeable IncomeIncome Tax Rate (%)Gross Tax Payable ($) On the first On the next20,000 10,0000 20 200 On the first On the next30,000 10,000–
The standard mileage rate deduction, as of 2023, is 65.5¢ per mile. Track this throughout the year with an app like MileIQ, and check the relevant IRS page every financial year in case the rate has changed. The entire cost of what you paid in vehicle costs over the course of the...
South Africa does not impose an STT in respect of debt or equity financing but only on the transfer of securities. The rate of STT is 0.25% of the value of the securities transferred. Corporate income tax Income tax rate For tax years ending before March 31, 2023, the corporate tax ra...
Taxes on SSBs are proven to be effective.For many years, Mexico has been one of the world’s largest consumers of sugary drinks.A 2013 studyfound it had the highest adult obesity rate among the member countries of the Organization for Economic Cooperation and Development. In 2014 thegovernment...
(excluding auto-renewable subscriptions) on the App Store will increase in Colombia, Egypt, Hungary, Nigeria, Norway, South Africa, and the United Kingdom. Prices in Uzbekistan will decrease to reflect a reduction of the value-added tax rate from 15% to 12%. Your proceeds will be adjusted ...