Amendments and guidelines were recently published regarding the two new corporate income tax surtaxes for large companies.
The UK’s Autumn Budget leaves in place the UK’s low 19 percent corporate tax while vowing to tighten tax rules and crack down on online sales. This post addresses the main points of interest for corporations.
Decree 1515 of 2017, published on September 15, 2017, and in force as of that date, regulates Article 424(6) of the Tax Code regarding the VAT exemption on smart devices.
The UK's Making Tax Digital measure will help businesses stay on top of their affairs and make fewer tax mistakes. The plan is part of a worldwide movement to digitize tax collection.
The UAE Ministry of Finance recently shared the key features and status of its VAT implementation process.
In any tax system, a high level of certainty is required for both ease of tax administration and the efficient collection of tax liabilities. Likewise, for companies and their stakeholders, domestic and international tax-related certainty is a fundamental goal. The UK’s EU referendum and potential exit from the European Union represent serious threats to this desired stability. And the biggest challenge businesses will face from a potential “Brexit” will be negotiating the resulting uncertainty.
Today UK Chancellor of the Exchequer, George Osborne, announced the UK Budget for the year 2016/17. Here is a summary of the new Budget’s key measures.
In this week's Global Glance we look at how Netflix’s world domination is almost complete, VW’s mounting legal troubles and the latest Big Mac index.
At the end of August, the UAE’s Ministry of Finance released an official statement on progress regarding the introduction of corporate tax and value added tax (VAT). The statement confirms that the UAEis committed to launching direct and indirect tax regimes.
On 24 March, the UK Chancellor of the Exchequer presented the final budget prior to the country’s parliamentary general elections. We outline the key tax measures.
Nearly all countries charge some type of indirect tax on the local sale of goods or services. Understanding your company’s obligations and liabilities with regard to indirect taxation and devising effective tax compliance and mitigation strategies is an important ingredient in the success of an overseas endeavor.
Poland increased its VAT rate from 21% to 23% in 2011, at the height of the financial crisis, to offset against falling corporate income tax revenue