• A non-citizen receiving a monthly salary of not less than RM25,000 and holding key positions / C-Suite positions is taxed at a flat rate of 15% for a period of 5 consecutive years. This incentive is limited to 5 non-resident individuals employed in each company that has been ...
New economic forecasts released by the fund on Tuesday showed that the global fight against soaring prices has largely been won… The year-over-year global inflation rate is poised to decline to 3.5 percent by the end of next year from 5.3 percent this year. That is down from its peak of...
July 2, 2023·byGalaxy World·0 Revised Withholding Taxes Rates for Vehicle Government of Pakistan has issued the Revised Withholding Taxes Rates for Vehicle. The government takes measurement under serious economic circumstances in Pakistan. I share you here the Tax-Rate List. ...
Pillar 2 Under the BEPS Pillar 2 model issued by the OECD, each in-scope multinational enterprise should pay a minimum effective tax rate of 15% on profits in each of the jurisdictions where they operate. On 29 November 2023, the Resolution on Global Minimum Tax policy in Viet Nam ("the...
Approved incentive scheme The approved incentive scheme was introduced from year of assessment 2021 to provide for a lower tax rate i.e. not more than 20% on the chargeable income of a person who carries on a business in respect of a qualifying activity under an incentive scheme approved by...
Incentive: (i) 3% tax rate on chargeable profits as reflected in audited accounts; or (ii) Tax exemption on chargeable profit for first 3 years of its operation if the company is licenced before 31 December 2014 to be purely in the trading of LNG. Thereafter, it will be subject to tax...