News

Countries

Categories

03/12/2020 USA: LATEST IRS GUIDANCE ON NON-DEDUCTIBILITY OF PPP-RELATED EXPENSES

On 18 November the US Internal Revenue Service doubled down on its position that businesses receiving PPP loan forgiveness cannot deduct the PPP-related expenses.  Revenue Ruling 200-27 addresses the timing of the non-deductibility of PPP-related expenses.  [Read More]

  • United States of America

20/11/2020 UAE: COUNTRY BY COUNTRY REPORTING

Applicable to all UAE headquartered Multinational Groups of Entities (MNEs) whose consolidated group revenue exceeds AED 3.15 million in the previous financial year, click here to find out more about Country by Country Reporting in the UAE.  Information provided by KPI in Dubai.

  • United Arab Emirates

20/11/2020 USA: 2020 YEAR-END PLANNING CHECKLIST FOR AUTO DEALERS

As another tax year comes to a close int he USA, it is time for auto dealers to consider their tax planning opportunities and year-end tasks.  View checklist provided by MichaelSilver in Chicago.

  • United States of America

17/11/2020 USA: WHEN SHOULD YOU SUBMIT YOUR PPP LOAN FORGIVENESS APPLICATION - EARLIER OR LATER?

For many borrowers who received Paycheck Protection Program (PPP) funds, the question of "When should I submit my PPP loan forgiveness application, earlier or wait until the application due date?" remains.  Click here for an article from Joshua Prince at MichaelSilver in Chicago in which he discusses several issues that may impact your decision.

  • United States of America

16/11/2020 UAE: ULTIMATE BENEFICIAL OWNERSHIP

The UAE Cabinet recently issued a Resolution introducing a regulation that requires all companies registered in the UAE mainland and commercial-free zones (exemptions do apply) to maintain registers of its real beneficial owners and partners or shareholders.  Find out more ....

  • United Arab Emirates
  • Economy

16/11/2020 KENYA: AMNESTY ON VOLUNTARY TAX DISCLOSURE

For the latest on this, the taxation of subsidiaries and branches and the disclosure of company beneficial ownership in Kenya read this month's Newsletter from the Tax Desk at Mbaya & Associates.

  • Kenya

13/11/2020 UAE : VAT DEREGISTRATION

Does your or your client's business need to apply for VAT Deregistration in the UAE?  Find out more from this blog post by KPI in Dubai.

  • United Arab Emirates

09/11/2020 CYPRUS: APPLICATION OF TAX RESIDENCY AND PERMANENT ESTABLISHMENT (PE) DURING COVID-19 CRISIS

On 27 October 2020 the Cyprus Tax Department issued an Implementing Guideline to clarify the application of Article 2 of the Income Tax Legislation relating to tax residency and permanent establishment (PE).  The purpose of the Guideline is to provide specific tax relaxation to those affected by the global measures taken to prevent the spread of COVID-19.  [Read More]

  • Cyprus

22/10/2020 NETHERLANDS: DUTCH GOVERNMENT SUPPORT PACKAGE 3.0, VAT RULES, NEW TAX RATES AND FINAL SETTLEMENT NOW

Continued government support through 2021.

VAT rules for international trade in goods:  what has changed?

Expected changes in taxation.

NOW 1.0 final settlement - what does this mean for you?

All the above and more in this Newsletter from Accon International.

  • Netherlands

19/10/2020 KENYA: MORE OF OUR REGULAR UPDATES AND DEVELOPMENTS ON THE TAX REGIME IN KENYA

This latest update from Mbaya & Associates covers Tax Audits and what triggers them, Taxation of Charitable Trusts and Thin Capitalisation. [Read More]

  • Kenya

14/10/2020 USA: HOW THE ELECTION RESULTS MAY IMPACT YOUR FUTURE TAX LIABILITIES

As the 2020 US presidential election approaches, it is important to know how the results may impact you.  Click here for MichaelSilver's comparison of how Trump and Biden are positioned on key tax law issues.

  • United States of America

14/10/2020 IRELAND: SUMMARY BUDGET 2021

Irelands's 2021 Budget was announced by Finance Minister, Paschal Donohoe, on 13 October 2020.  Click here for the summarised highlights provided by Merry Mullen.

  • Ireland

05/10/2020 GARY CHENG CPA LIMITED APPOINTED AUDITOR OF A LISTED COMPANY ON THE HONG KONG STOCK EXCHANGE, NICHE-TECH GROUP

Gary Cheng CPA Limited has been appointed as Auditor of Niche-Tech Group Limited (Stock Code: 8490).

Niche-Tech Group Limited (Stock Code: 8490) appointed Gary Cheng CPA Limited as its auditor on 30 September 2020.  The group specialises in providing advanced packaging materials for semi-conductor and LED packaging, as well as chip on board industries.  Niche-Tech Group also offers copper, aluminium, and silver alloy bonding wires.

For further details please see the attached Change of Auditor announcement.

01/10/2020 WELCOMING GMNI'S FIRST MEMBER IN JORDAN

GMNI is delighted to announce that Methaq Consulting & Auditing in Amman, Jordan has joined its Asia Pacific region.  [Read More]

  • Jordan

16/09/2020 KENYA: KEEPING YOU CURRENT AND UPDATED ON TAX MATTERS

This issue of the Tax Newsletter from Mbaya & Associates in Nairobi covers Types of Audit Engagements, Tax Compliance/Clearance, an Overview of Minimum Tax and Excisable Goods Businesses.

  • Kenya

16/09/2020 USA: DEFERRAL OF PAYROLL TAX WITHHOLDING FROM THE PRESIDENT'S MEMORANDUM

On 8 August, the President issued a memorandum allowing, but not requiring, companies to defer the withholding and payment of the 6.2% employee share of social security taxes.  The deferal payroll period runs from 1 September to 31 December 2020.  Find out more.

  • United States of America

GMNI Members Worldwide

00

divider

Member firms

000

divider

Member Offices

00

divider

Countries

$000M

divider

Members' Fee Income