Search

BENIN: Draft 2025 Finance Bill released The Beninese Ministry of Economy and Finance has recently released the draft 2025 Finance Bill. Significant proposed tax amendments, which are to become effective [...]

The recent Autumn Budget introduced a range of significant tax changes that will impact individuals and businesses alike. In our 'Unpacking the Budget' series, we delve into these updates, providing [...]

Introduction The current Canadian wealth situation 'Things don't work as well as they used to.' This is a common refrain voiced by many Canadians today. With the pandemic two years [...]

As part of the Autumn Budget 2024, the Government announced that the capital gains tax rate on carried interest (a performance-related reward for fund managers enhancing the performance of a [...]

The Minister of Finance delivered the 2025 Budget Speech on 28 October 2024, announcing that the Maltese economy has grown by 5.9% in real terms in the first 6 months [...]

The custom tariff number is used to clearly identify goods, it facilitates the application of trade and tax rules, the compilation of external trade statistics and the determination of the [...]

Navigating the complex landscape of corporate taxes in Canada can be a daunting task for any business. At Rosen & Associates Tax Law, we understand the intricacies of the Canadian [...]

On 09 December 2022, the United Arab Emirates (UAE) implemented Federal Decree-Law No. 47 of 2022, commonly referred to as the Corporate Tax (CT) Law. This legislation introduces a 9% [...]

Toronto is considering implementing a new tax measure that could significantly affect foreign buyers interested in the city's residential real estate market. The proposed Municipal Non-Resident Speculation Tax (MNRST) is [...]

On August 4, 2023, the Department of Finance of Canada released significant legislative proposals relating to the federal government's proposed measures to grow Canada's clean economy. The release includes the [...]

In a press release dated June 11, 2023, the Union Finance Minister, Mrs. Nirmala Sitharaman, announced the outcome of the 50th Goods and Services Tax (GST) Council Meeting and the [...]

In Myanmar, a Union Tax Law is enacted each year to announce the rates of tax set out in the Income Tax Law 1974, the Commercial Tax Law 1990, and [...]

Howdy folks, and welcome back to another edition of the Texas Tax Roundup, where we gab about all things Texas tax and perhaps even some things Texas tax adjacent. As [...]

The Finance Bill, 2023 ('Bill') was passed by the Parliament and received presidential assent on 31st March 2023, and is now the Finance Act, 2023 ('Finance Act'). The Bill was [...]

The Federal Tax Authority (the 'FTA') has issued Federal Decree Law No. 47 of 2022 on the Taxation of Corporations and Business (the 'CT Law') on December 9, 2022. The [...]

The term 'NRA withholding' is not a reference to deductions from a person's paycheck to support the National Rifle Association. Instead, it is a general term that refers to federal [...]

On 7 April 2022, the Department of Finance (DOF) issued Revenue Regulation (RR) No. 3-2022 to implement Republic Act (RA) No. 11635. RA No. 11635 provides for income tax on [...]

In a recent Legal Update1, we discussed the intersection between Tax and ESG and the challenges companies will face responding to external pressures for greater transparency into a company's global [...]

1 Legislative framework 1.1 Which legislative provisions govern private client matters in your jurisdiction? The main tax legislation in Gibraltar is the Income Tax Act 2010. Gibraltar has tax incentives [...]

The Indonesian Government recently introduced a new tax law, namely Law No. 7 of 2021 regarding the Harmonization of Taxation ('Taxation Harmonization Law'), which entered into force on October 29, [...]

UK Budget The Chancellor presented the Budget on 27 October. Although it contained a wide range of general spending and tax-related announcements, there was nothing of significance for the private [...]

Negotiations continue in Washington, D.C., over the future of President Biden's agenda. Tax law changes may be ahead under two proposed laws, the Build Back Better Act (BBBA) and the [...]

BOTSWANA: Related party transaction threshold for transfer pricing documentation established The Commissioner-General of the Botswana Unified Revenue Service ('BURS') on 1 September 2021 issued a ruling determining that if the [...]

What is Canadian Departure Tax? When taxpayers emigrate from Canada, for tax purposes they are deemed to have disposed of their capital assets even though no assets are actually sold. [...]

This blog summarizes some of the tax proposals of President-elect Joe Biden and other prominent Democrats. Biden's Proposals Individuals Increased Individual Tax Rate Biden would increase the top marginal income [...]

On November 30, 2020, the Canadian Federal Government released the Fall Economic Statement 2020 (the 'Economic Statement'). The Economic Statement is full of jaw-dropping stimulus spending, but not many measures [...]

On September 17, 2019, the Dutch government released the Budget 2020 containing its Tax Plan 2020 with certain amendments to Dutch tax law. Please find the highlights below of the [...]

The Federal Executive Council (FEC) of the Federal Government of Nigeria (FGN) on Wednesday, 11 September 2019, approved a 50% increase in the Value Added Tax (VAT) rate applicable on [...]

The Special Contribution for Defence rate on the interest income received by Cyprus tax resident domiciled individuals from corporate bonds has been reduced from 30% to 3%. The above amendment [...]

WHO SHOULD READ THIS Anyone who owns, buys or leases land in Queensland. WHAT YOU NEED TO KNOW Land tax changes may increase the land tax assessed on land that [...]

Effective January 1, 2020, the State of Florida's sales tax rate on commercial real property lease payments (including base rent and additional rent) will be reduced from 5.7% to 5.5% [...]

Brazil and Uruguay Sign a Double Taxation Convention On June 7, 2019, Brazil and Uruguay signed a Double Taxation Convention, which contains several rules aligned with the BEPS Project (Base [...]

On May 31, 2019, Governor Doug Ducey signed Arizona H.B. 2757 adopting economic nexus standards for internet sales made into Arizona. This change was in direct response to the US [...]

Byline: Jennifer Hewett Jul 07, 2019 (The Australian Financial Review - ABIX via COMTEX) -- Former ACTU secretary Bill Kelty warns that Australia's income tax system will remain uncompetitive unless [...]

The Pass-Through Entity Tax Equity Act of 2019, HB 2665, signed by Oklahoma Governor Stitt on April 29, 2019, allows an electing pass-through entity (LLC, partnership or S-corporation) to pay [...]

With the very kind assistance of APSCo and two members of HMRCs Employment Status and Intermediaries Policy team, we recently held two client workshops on the practical issues arising to [...]

Byline: Phillip Coorey Apr 15, 2019 (The Australian Financial Review - ABIX via COMTEX) -- The Business Council of Australia intends to continue to lobby for a flat company tax [...]

Byline: John Kehoe Apr 03, 2019 (The Australian Financial Review - ABIX via COMTEX) -- Labor contends that the 10-year tax cuts package outlined in the April 2019 Budget is [...]

It is a common practice among certain pharmaceutical companies to provide drug samples to their stockists, dealers, medical practitioners, etc. free of cost. So, a medicine strip with a free [...]

With Canada's top marginal tax rates described by some analysts as 'punitively high,' and with the Canadian economy sliding to an annualized rate of growth of only 0.4 per cent [...]

INTRODUCTION Code §59A was enacted to impose tax on U.S. corporations with substantial gross receipts when base erosion payments to related entities significantly reduced regular corporate income tax imposed at [...]

Byline: Daniel J. Munoz Assembly Bill A4495 amends the effective dates of the increased CBT rates and combined reporting, a measure which prevents businesses from skirting the tax rates by [...]

The United States was initially reluctant to adopt the recommendations of the base erosion and profit shifting (BEPS) initiative spearheaded by the OECD and the G20 group of nations. However, [...]

The Tax Cuts and Jobs Act replaced the U.S. federal corporate alternative minimum tax with the base erosion and anti-abuse tax (BEAT), which targets deductible payments made after 2017 by [...]