Brazil’s tax authorities have clarified the definition of substantial economic activities, which it uses to determine if a jurisdiction should be deemed to have a privileged tax regime. The clarification came in the normative ruling (NR 1,658/16) published September 2016. Countries deemed to have…
Malaysian parliament, the Dewan Rakyat, passed the new Companies Bill earlier this year. The bill will replace the 50-year-old Companies Act of 1965 and is expected to come in force by end of 2016. Here are the five key changes proposed in the Companies Bill: Incorporation gets easier:…
Germany, an active European Union member country, is also the fourth largest economy in the world. The country consists of 16 federal states which are further divided into 20 regions. Each territory has the power to impose a regional tax that can vary from 1.23% to 2.03%.…