…much of it is phantom in nature—investments that pass through empty corporate shells. These shells, also called special purpose entities, have no real business activities. Rather, they carry out holding activities, conduct intrafirm financing, or manage intangible assets—often to minimize multinati...
Any balance of tax payment will be due on 30 April of the following year as well. As for Non-resident taxpayers who have business-source income, the deadline for filing the tax returns and payment of tax payable is 30 June of the following year. Mandatory Electronic Filing of Individual ...
Single income tax for sports betting operators 15 percent The tax applies to all income, including commissions, received by resident and non- resident operators from sports betting activities in Ecuador, after deducting the total prizes paid out. © 2024 KPMG LLP, a Delaware limited liability ...