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The rent paid for the land plots given on the basis of the land plot lease agreement concluded with the district (city) mayor is equal to the land tax. In [...]

Corporate taxes: Overview The federal government levies corporate income tax on company profits at a rate of 30%, or 25% (from July 2021) for small businesses with annual turnover less [...]

LONDON: TMF Group has issued the following news release: TMF Group, a leading provider of compliance and administrative services, has today launched the ninth edition of its Global Business Complexity [...]

LONDON, June 28, 2022 /PRNewswire/ -- TMF Group, a leading provider of compliance and administrative services, has today launched the ninth edition of its https://www.tmf-group.com/en/news-insights/publications/2022/global-business-complexity-index/?utm_source=marketing&utm_medium=pr&utm_campaign=2022marketing&utm_content=gbci. The comprehensive report analyses 77 [...]

New York City: Moody's Investors Service has issued the following news release: Moody's Investors Service has assigned an A1 rating to the City of Syracuse, NY's approximately $24.8 million Public [...]

Intellectual property rights are the rights over intellectual creations, also known as the creations of the human mind (the 'IP'), commonly protected via patents or trademarks or copyrights or industrial [...]

Corporate taxes: Overview After long having one of the highest nominal rates in Europe, France has gradually reduced its corporate income tax rate from 33.33% in 2017 to 25% from [...]

A Canadian-controlled private corporation ('CCPC') that earns investment income is subject to a refundable tax regime. The CCPC pays a higher corporate tax upfront (around 50% depending on the province), [...]

Background There are three types of company that can be incorporated in Portugal and it is important to understand the differences, as the relevant corporate income tax rates and substance [...]

WASHINGTON -- The following information was released by the Distilled Spirits Council of the United States: Bill to increase access/lower taxes on spirits ready-to-drink products heads to governor's desk Today, [...]

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 [...]

Byline: Jeff Stein and Seung Min Kim ROME - President Joe Biden and the other national leaders gathered for the Group of 20 summit formally endorsed a new global minimum [...]

One by one, tax proposals that would have slowed dynastic wealth have been tossed from the agreement. In the end, it was the millionaires versus the billionaires. The millionaires lost. [...]

They are tech titans, entertainment moguls and heirs to great fortunes. Their ranks grew during the pandemic, changing the political conversation around taxing the wealthy. It's the other inflation problem. [...]

Byline: Mike DeBonis and Marianna Sotomayor WASHINGTON - Rep. Susan Wild has spent nearly three years in Congress on an intense quest to lower prescription drug prices by giving Medicare [...]

Byline: Jeff Stein WASHINGTON - White House officials released a plan Thursday that they say would raise approximately $2 trillion in new revenue over 10 years to pay for their [...]

Lawmakers are racing to finalize legislation to pay for new spending initiatives. The process usually takes months, but they are trying to do it in days. WASHINGTON -- As they [...]

Over Zoom calls from basements and a breakfast in Brussels, faltering negotiations to remake the world's tax architecture were revived. WASHINGTON -- Over a two-hour breakfast of tea and pastries [...]

Byline: Tony Romm and Jeff Stein WASHINGTON - Senior Biden officials briefed top Democratic lawmakers on a potential shift in the party's tax plans on a private call Wednesday, as [...]

Byline: Tony Romm and Jeff Stein WASHINGTON - Senior Biden officials briefed top Democratic lawmakers on a potential shift in the party's tax plans on a private call on Wednesday, [...]

Byline: David J. Lynch A sweeping overhaul of global corporate tax rules took a major step forward Friday, as 136 nations backed a 15% minimum profits levy and a new [...]

A tax on carbon dioxide pollution could be the single most effective policy to tackle climate change. It could also be politically explosive. WASHINGTON -- Opposition from a single moderate [...]

Details of the legislation show higher taxes for companies and the wealthy, but key elements differ from the Senate and White House proposals. WASHINGTON -- Top Democrats on Monday released [...]

The House Ways and Means Committee's proposal to pay for trillions in social spending leaves wealth gains and inheritances largely alone. It focuses instead on a more traditional target: income. [...]

Byline: Tony Romm and Jeff Stein WASHINGTON - A powerful panel of House Democrats on Sunday circulated a draft plan that would raise $2.9 trillion in new taxes and revenue [...]

In this weeks issue/ In dieser Woche European Union - Europäische Union Great Britain - Grossbritannien South Korea - Südkorea Global Mobility Buchen Sie hier Ihren nächsten Karriere-Booster im Bereich [...]

WASHINGTON, DC -- The following information was released by the Americans for Tax Reform (ATR): Doug Kellogg It no longer requires explanation as to why New York State has sent [...]

Over the past few years, the national tax bureau has implemented a series of value-added tax (VAT) policies and regulatory improvements to streamline VAT processing in China and better align [...]

The 2022 Federal Budget (Budget 2022), which was released on April 7, 2022, contains some significant changes directed at charities. Of key importance to the broader charitable sector are two [...]

Special single tax system rules have been introduced by Law of Ukraine No. 2120-IX as of 15 March 2022 (effective starting 17 March 2022) and by Law of Ukraine No. [...]

On March 25, 2022, ICMS Convention No. 16/2022 (the 'Convention') was published in the Official Gazette, by which Brazil's National Council of Finance Policy ('CONFAZ') established a single levy of [...]

SHOULD CANADIAN INVESTORS BE ABLE TO ENJOY THE SAME BENEFICIAL TAX TREATMENT AS PUBLIC AND FOREIGN CORPORATIONS?1 Apparently the Canada Revenue Agency ('CRA') does not think so. Did you know [...]

For almost two years now, the prescribed rate under the Income Tax Act has been at an all-time low of 1%. This low rate has made using a family trust [...]

1. TYPES OF BUSINESS ENTITIES,THEIR RESIDENCE AND BASIC TAX TREATMENT 1.1 Corporate Structures and Tax Treatment Businesses in Cyprus generally adopt a corporate form. The most common type of corporate [...]

Circular 5 provides further information on how to define the origin of goods applies to qualify for reductions under the RCEP. It contains specific provisions on applicable tax differences for [...]

For the period of martial law, state of emergency in accordance with paragraph 82 of subsection 2 of Section XX of the Tax Code of Ukraine at a VAT rate [...]

London: HM Revenue & Customs, UK Government has issued the following news release: PAYE is a provisional system of deducting tax from employment income such as wages and salaries by [...]

The post-pandemic tax world is dominated by changes in tax rules and tax reporting requirements adopted by governments in an attempt to augment tax revenues. More than 40% of tax [...]

Amendments to the RS Labor Law were published in the Republika Srpska Official Gazette on December 29, 2021, while previously announced changes to the Law on Income Tax and the [...]

Corporate taxes: Overview Poland's tax system has been subject to frequent modification and amendments to align it with EU directives and legislation. Amendments in 2001 simplified the taxation process, making [...]

Corporate taxes: Overview As in the rest of the EU, Spain's corporate taxation applies to the global profits of resident corporations. The base tax rate for corporations remains at 25% [...]

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 [...]

Changes are planned for the flat-rate tax for farmers. The finance committee has a government bill on this. The core of the previous system of evaluating farmers' yields will be [...]

If we reflect on the evolution of the Mauritian employment tax landscape over the last couple of years, there are 2 things which stand out - First, increased compliance requirements [...]

1 Legislative framework 1.1 Which legislative provisions govern private client matters in your jurisdiction? Portugal private law matters are essentially governed by the Civil Code, supplemented by several laws dealing [...]

The European Commission has published its proposal for a Directive to implement the OECD Pillar Two Global Anti-Base Erosion rules (the 'OECD GloBE Model Rules'). We have previously considered the [...]

London: HM Revenue & Customs, UK Government has issued the following news release: Employers wishing to pay or reimburse expenses may use the benchmark rates set out in the Income [...]

On the afternoon of January 11, 2022, the National Assembly of Vietnam has finally agreed to reduce the value-added tax rate (VAT) by 2% in 2022, applicable to groups of [...]