Category: Tax

Brazil Withdraws Payroll Tax Cuts

In a key policy this year, the Brazilian government has concluded that in order to meet the fiscal target of this current year and maintain balanced accounts, they must cut R$42.1 billion from their planned expenses in 2017. This will impact almost all…

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The Importance of India’s Newly Passed GST Bill

On March 29, 2017, India’s lower house of parliament passed the historic Goods and Services Tax (GST) bill. This key legislation was passed after a nine-hour marathon debate in the parliament that has put India’s dream of becoming “one nation, one tax regime”…

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New US Tax Filing Deadlines 2017

There are a few new tax filing deadlines for 2017, the first change in three decades. The new due dates - ones the AICPA and state CPA societies have been advocating for years - are aimed at creating a more logical flow of…

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Brazil Tax System: Grey and Black List

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…

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India’s Goods & Services Tax: 10 Things to Know

India’s parliament has approved implementation of Goods and Services Tax (GST) – the country’s biggest tax reform. The GST will replace and harmonize India’s current indirect tax system – a complex medley of about 17 taxes include state Value Added Tax (VAT), service…

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Brazil: New Capital Gains Tax Rates from 2017

Brazilian tax authorities (RFB) have clarified that the new capital gains tax rates will apply from January 1, 2017. Brazil had converted the Provisional Measure 692/2015 (PM 692) into Law 13,259 in March earlier this year. The law increased the capital gains tax…

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Denmark: Tax Relief on Employee Stock Options

Denmark has approved a new method of taxing employee share allocations and stock options. The new legal amendment (430/2016) will come into effect July 1, 2016. The changes allow companies to give up on a corporate tax deduction in lieu of favorable tax…

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Canada: New Tax Changes in 2016

The Canadian government recently announced measures that impact the Income Tax Act and the Excise Tax Act. Here are the highlights: Implementation of Base Erosion and Profit Sharing: The Canadian government will be introducing new legislation that requires multinational companies to report their…

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Seminar: Global Expansion Strategy

Join us for a seminar on “Global Expansion – Getting it Right” to learn real-world insights, examples, and practical tips for companies going global including: Steps companies should take to ensure they are truly prepared to expand Creating the optimal legal structure Tax and compliance…

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India: Double Taxation Relief for Companies, New Minimum Wage for Contract Workers

In a relief to companies and individuals having overseas income, the Central Board of Direct Taxes (CBDT) drafted a set of new rules to simplify the use of Foreign Tax Credits (FTC). The proposed framework will allow companies and individuals to claim credits on…

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