Search

The article discusses China's incentive programs for trade investments. It cites the Corporate Income Tax Law of January 1, 2008 and the Provisional Regulations on Value-added Tax of January 1, 2009 which standardized tax rates for both foreign and domestic companies. The changes are reportedly directed towards elimination of the preferential treatment of foreigners. The article discusses industry-specific incentives, regional incentives, and export incentives and zones.

The article focuses on incentives for foreign investments in China. It discusses the proposed changes to the Unified Tax Law of 1991, which is the source of the government's policies on incentives. It describes the general incentives for foreign-invested enterprises (FIE), including income tax incentives, other-tax and fee incentives, and official credits. It identifies incentives for FIE in priority industries, the financial services industry and special economic zones.

The article offers information on corporate taxation in South Korea. National and local taxes are imposed, while taxation rules for holding companies are not clearly defined. Corporate income tax payments are collected on the basis of self-assessment. The Ministry of Finance and Economy claims that overall collections is 20% of the GDP. Several laws and tax treaties govern the taxation of foreign invested enterprises. Domestic and foreign corporations are distinguished by the Corporation Tax Law.

Provides information on the corporate taxes being paid in China. Possible implementation of unified tax in the country; Tax rates being enjoyed by many foreign-invested enterprises; Possibility of tax reform in the country.

Provides information on the incentives being provided in China. Tax incentives available for foreign-invested enterprises (FIE); Exemptions or refunds for value-added tax and import duty levied on imported equipment that certain categories of FIE can enjoy; Industry-specific incentives.

The article focuses on the economic policy of Croatia. In August 2011, the government and banks in Croatia agreed to undertake measures to ease pressure on borrowers whose mortgage costs have soared after the kuna's sharp depreciation against the Swiss franc. Meanwhile, the ruling Croatian Democratic Union (HDZ) and the opposition Social Democratic Party (SDP) have declared that they are in favour of raising the profit tax on large foreign companies to 40%, unless the profits are reinvested.

The article assesses risk scenarios or potential developments in Israel's tax policy that might substantially change the business operating environment in the country. The tax changes that have been implemented by the administration of Prime Minister Binyamin Netanyahu are discussed. Factors which prompted widespread protests against the country's tax system in the summer of 2011 are mentioned. Detailed as well are the reasons the government removed tax exemptions for foreign investors.

The article presents an assessment of the tax policy risk for Kazakhstan. It is suggested that the a higher tax regime and the policy of allowing the status quo for contracts will affect foreign firms. Foreign investors in the hydrocarbon sector will be affected with the government's decision to remove tax exemptions for production-sharing agreements (PSA) in 2008. A low record of tax collection and the presence of the large shadow economy are also cited in this assessment.

This article gives a risk assessment of taxation in China in 2012. It highlights the intention of the government to raise the general level of taxation to counter its rising budget deficits. It also describes the degree of tax benefits provided to encourage foreign investment the country. The impact of the enforcement of a property tax on businesses is assessed.

The article presents a risk assessment of the tax policies in Algeria. Cut breaks are stated to be given to foreign investors but a lack of transparency in the system and bureaucratic red tape are common complaints of foreign companies. Tax policy reversal which can lead to retroactive taxes on taxes already assumed to be have been paid is cited as a possibility. The services of international accounting expertise and reliable local legal and accounting firms are advised.

The article offers an analysis of the tax policy risk for Israel whose tax system is robust and compliance by firms is generally good. It suggests a high likelihood that the government of Prime Minister Binyamin Netanyahu will introduce a new tax regime for the energy sector. The article also forecasts a moderate likelihood of the government removing tax exemptions for foreign investors and a low likelihood of the government raising taxes to meet a growing fiscal gap.

The article discusses the tax policy risk and situation in Vietnam. With the unified standard corporate tax rate at 25%, the Law on Foreign Investment offers tax incentives for investors but are largely being offset by high tax levels in other areas. Believing that businesses are evading tax payments, the government conducts frequent and allegedly harassing tax inspections. The article stated that the General Department of Taxation is poorly prepared to enforce a new personal income tax regime.

The article assesses the risks associated with the tax policy of Kazakhstan. The risk of excessive taxation against foreign businesses is discussed along with the prospects for increased tax burden on investors in the natural resources sector. A favourable condition for investment for investors operating under production-sharing agreements (PSAs) is presented given the removal of tax exemptions by government.

The article presents a legal and regulatory risk assessment for Kazakhstan as of June 2011. The country's judicial process is slow and the legal system is not inclined to uphold the interests of foreign investors. Several scenarios that can affect the country's private sector are presented, including a revision of contract terms for foreign investors and new local content and environmental requirements.

The article presents a foreign trade and payments risk assessment for Brazil as of May 4, 2011. It notes that the strong growth of merchandise trade in the country can be attributed to trade liberalisation and proactive policies during the previous decade. To control a surge in capital inflows, Brazil introduced taxes to foreign investment. It points out that the vulnerability of the domestic economy to external shocks has been reduced by the transformation of its external accounts.

The article discusses tax policy risk in Poland which has been given a rating of 19. The country has a clear tax system while the government is pushing to make operations of local tax offices more predictable. In January 2004, the main corporate tax was lowered to 19%. Foreign investors are unlikely to be subjected to discriminatory taxes.

This article provides a risk assessment of tax policy in Israel during the 2011-2012 period. The Economist Intelligence Unit expects the government to postpone, or even reverse, planned tax cuts. The firm also notes the possibility that the government will remove tax exemptions for foreign investors due to pressure from local businesses.

The article presents an overall assessment of the tax policy risk in Poland in 2010. The Polish government plans to make the activities and operations of the local tax agencies more predictable. It says that the foreign investors in the country have also nothing to worry because they are unlikely to be at risk from discriminatory taxes.

The article presents tax policy risk scenarios in Vietnam as of August 2010. It notes that the Law on Foreign Investment offers various tax incentives for investors, but such are mainly offset by the high tax levels elsewhere. It cites the decision of the government to amend the personal income tax regime by increasing the threshold and eliminating the top rate. Companies are advised to be aware that the corporate income tax rate could be increased in response to insufficient revenue collection on the part of the government.

The article discusses tax policy risk in Algeria which has been rated 62 or D. Discriminatory taxes in the country have been removed and the government has confirmed its commitment to foreign investment by offering tax breaks for investors. In 2008, corporate tax rate was reduced by the government from 25 percent to 19 percent.

The article presents a discussion about tax policy risk in Poland. It is noted that the government is looking to have predictable operations for local tax offices. It is noted that foreign investors are unlikely to be subjected to discriminatory taxes while the corporate tax rate has been reduced. It is also asserted that the new government is likely to fail with its plan to have a flat personal income tax system.

The article presents a tax policy risk assessment for Kazakhstan as of April 2009. Tax liability uncertainty has been caused by the redrafting of the tax code for foreign investors. The country also has a poor tax administration record. Two tax policy risk scenarios are described, including a decision to subject foreign firm to excessive and arbitrary taxation.

The article presents a tax policy risk report on Israel as of October 2007. The report talks about the plan of the Israeli government to lower corporation tax rates, which is scheduled to fall from 36 percent to 24 percent by 2010. It cites the decision of the government to remove tax exemptions for foreign investors in the country. Information on several taxes imposed by the Israeli government is provided, which includes personal income tax, purchase tax and value-added tax.

The article presents an assessment of Poland's tax policy risk in 2007. The government has made an attempt to make the operations of local tax offices more predictable. There is little risk of retroactive taxation, but foreign investors face the risk of discriminatory taxes. It is noted that there is no room to make radical tax cuts due to high borrowing by the government and the reluctance to reform social spending.

The article offers a country risk assessment of Poland in 2007, focusing on its tax policy. Poland's tax regime is said to be relatively clear and the government tries to make the operations of local tax offices more predictable. According to the author, there is little risk of retroactive taxation, and foreign investors not likely to be at risk from discriminatory taxes. In January 2004, the main corporate tax rate was reportedly cut to 19%, and the new government intends to remove the top rate of personal income tax in 2009.

The article offers a country risk assessment of Poland as of November 2006, focusing on its tax policy. Poland's tax regime is said to be relatively clear and the government tries to make the operations of local tax offices more predictable. According to the author, there is little risk of retroactive taxation, and foreign investors not likely to be at risk from discriminatory taxes. In January 2004, the main corporate tax rate was reportedly cut to 19%, and the new government intends to remove the top rate of personal income tax in 2009.

The article presents an assessment of tax policy risk in Algeria in 2006. It is noted that discriminatory taxes are unlikely to be brought back under any of the possible alternative governments. The government has also extended tax incentives for overseas companies. Complaints have been raised by foreign companies against the existing tax system, which is considered unwieldy and opaque.

The tax environment for foreign businesses is highly risky. Although other states in the region have offered extensive tax incentives to attract foreign investment, Iran offers tax breaks only in its poorly developed offshore free zones. Although the corporate tax rate has been lowered to a flat 25% from the previous maximum of about 60%, the system for assessing tax liabilities remains unsatisfactory, and can lead to inaccurate assessments and invite corruption; in the past tax officials have demanded personal payments to cut excessive tax bills. A tax appeals process exists but applications for a range of permits and licenses may depend on meeting tax dues. This leaves foreign firms in a poor negotiating position. [ABSTRACT FROM AUTHOR]

The tax environment for foreign businesses is highly risky. Although other states in the region have offered extensive tax incentives to attract foreign investment, Iran offers tax breaks only in its poorly developed offshore free zones. Although the corporate tax rate has been lowered to a flat 25% from the previous maximum of about 60%, the system for assessing tax liabilities remains unsatisfactory, and can lead to inaccurate assessments and invite corruption; in the past tax officials have demanded personal payments to cut excessive tax bills. A tax appeals process exists but applications for a range of permits and licenses may depend on meeting tax dues. This leaves foreign firms in a poor negotiating position. [ABSTRACT FROM AUTHOR]

The tax code has been streamlined and on paper is straightforward, but the tax regime fails at the implementation stage. The tax administration has a poor collection record, added to which the large shadow economy represents a significant loss of potential revenue. Partly to compensate for these deficiencies, foreign companies are placed under strict scrutiny. An increased taxation burden and the risks that the government's stance carries have caused unease among foreign investors. According to foreign oil companies' calculations, applying these taxes to Kazakhstan's offshore deposits will bring returns on investment of less than 10%, compared with the 15% oil companies normally expect. [ABSTRACT FROM AUTHOR]

The tax code has been streamlined and on paper is straightforward, but the tax regime fails at the implementation stage. The tax administration has a poor collection record, added to which the large shadow economy represents a significant loss of potential revenue. Partly to compensate for these deficiencies, foreign companies are placed under strict scrutiny. An increased taxation burden and the risks that the government's stance carries have caused unease among foreign investors. According to foreign oil companies' calculations, applying these taxes to Kazakhstan's offshore deposits will bring returns on investment of less than 10%, compared with the 15% oil companies normally expect. [ABSTRACT FROM AUTHOR]

The article deals with the schedules for paying taxes in Russia. The profits tax calendar is circulated either on a monthly or quarterly basis. Payment dates are based on actual profit. Foreign entities or non-commercial organizations may be allowed to make quarterly payments. Property tax should be paid quarterly.