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10/06/2022 USA: ARE YOU READY FOR THE NEW FOREIGN REPORTING REQUIREMENTS FOR PASS-THROUGH ENTITIES?

As if the current pass-through entity tax requirements were not complicated enough, the IRS introduced new schedules to the mix.  [Find out more]

  • United States of America

02/06/2022 AN INTRODUCTION TO CRYPTOCURRENCY

In this first of a series of three articles from MichaelSilver in Chicago, an introduction for newcomers to the world of cryptocurrencies.  [Read More]

02/06/2022 CANADA: THE LATEST "TAX TIPS & TRAPS" FROM YALE PGC

Subjects covered in this issue of Tax Tips & Traps include:

  • Buying and selling a home:  Budget 2022 proposals.
  • Principal residence exemption:  CRA project.
  • CERB/CRB:  eligibility verification.
  • Estimated sales by CRA:  audit file selection and assessment. 
  • Auditing old tax returns:  CRA abilities and limitations.
  • Mondey received from abroad:  CRA reviews
  • Digital adoption program:  grants, loans and professional assistance.
  • Canada

31/05/2022 KENYA: MAY 2022 UPDATES FROM THE TAX DESK AT MBAYA & ASSOCIATES

The May 2022 newsletter includes information on Fringe Benefit Tax, Deemed Interest Rate, Tax Invoice Management System and proposed changes recommended by The Finance Bill 2022 to current tax laws.

 

  • Kenya

25/04/2022 KENYA: 2022/2023 BUDGET HIGHLIGHTS

The theme of the 2022/23 budget, presented by the National Treasure & Planning Cabinet Secretary on 7 April, was "Accelerating Economic Recovery for Improved Livelihood.  Read the budget highlights as presented by Mbaya & Associates in Nairobi.

  • Kenya

07/04/2022 GMNI WELCOMES A NEW MEMBER IN THE PRINCIPALITY OF ANDORRA

ABF Consultors in Andorran capital, Andorra la Vella, joins GMNI's European region.  [Read More]

30/03/2022 INDIA: HIGHLIGHTS OF THE UNION BUDGET 2022-23

The key highlights of the budget, as announced by the Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman in February, can be found here.

  • India

24/03/2022 UK: SPRING STATEMENT 2022

Against a backdrop of rising costs and inflation, UK Chancellor of the Exchequer, Rishi Sunak, focused on easing the burden for families and businesses in his Spring Statement 2022, announced on 23 March,  Click here for a summary of the key points provided by Goodman Jones in London.

  • United Kingdom

22/03/2022 CYPRUS: EXTENSION OF TAX INCENTIVES GRANTED FOR INVESTMENT IN INNOVATIVE SMES UNTIL 30 JUNE 2024

On 10 March 2022 the Cyprus Parliament voted for an extension of the tax incentives for investing in innovative enterprises (introduced into Cyprus Income Tax Law in 2017) until 30 June 2024.  Find out more in this tax update from AuditPro Services.

  • Cyprus

17/03/2022 THE SITUATION IN UKRAINE

GMNI is shocked and saddened by the ongoing situation in Ukraine.  Whilst as an organisation we strive to remain apolitical, we cannot ignore the totally unnecessary and unfounded acts of aggression and complete disregard for human life that are taking place.  Our thoughts are with all those whose lives are put at risk, or have been lost, and pray that common sense will prevail to bring a peaceful solution to this humanitarian crisis.

16/03/2022 KENYA: THE MARCH UPDATE FROM THE TAX DESK AT MBAYA & ASSOCIATES

This month we have information on:

  • Voluntary Tax Disclosure Programme (VTDP)
  • Cessation of supply of non-compliant tax registers
  • Tax Invoice Management System (TIMS)
  • Excise Tax
  • Withholding Tax on royalties in respect of software payments

Click here to find out more.

  • Kenya

01/03/2022 ELEMENTS OF A STRATEGIC BUSINESS PLAN

GMNI's International Chairman, Steve Handler, begins a series of articles addressing the importance of having a well thought out, written Strategic Business Plan to guide you on the path of business success.  [Read More]

21/02/2022 UAE: COMMERCIAL COMPANIES LAW (CCL) 2021

For an overview of the Commerical Companies Law 2021 (CCL 2021) that came into force on 2 January 2022 click here.

  • United Arab Emirates

21/02/2022 UAE: THE INTRODUCTION OF FEDERAL CORPORATE TAX IN UAE

Long known as a tax-free country, the UAE has finally announced Corporate Tax.  Find out more about when this becomes effective, what the registration requirements are, the proposed tax rates are, and much more from this Blog published by KPI in Dubai.

  • United Arab Emirates

17/02/2022 MANAGING CURRENCY RISKS & REWARDS

Listen to this podcast (or read the transcript) of Esther Wood at Goodman Jones in London speaking to Martin Mulligan from VUCA Treasurey, a company authorised and regulated by the Financial Conduct Authority in the UK to provide advice to business clients on foreign exchange and interest rate risks.  

14/02/2022 KENYA: FEBRUARY UPDATE FROM THE TAX DESK AT MBAYA & ASSOCIATES IN NAIROBI

This month's update includes information on:

  • Fringe benefit tax, deemed interest rate and low interest benefit;
  • Tax planning;
  • Expected dynamic auditing trends in 2022;
  • Tax due dates; and

a warning about fraudulent person(s) masquerading as staff from the Kenya Revenue Authority.

Find out more.

  • Kenya

10/02/2022 GMNI'S EUROPEAN REGION ANNOUNCES A NEW MEMBER IN PORTUGAL

We are delighted to welcome AContar, Lda in Porto to our membership. [Read More]

08/02/2022 GMNI WELCOMES A NEW MEMBER FIRM IN SAUDI ARABIA

GMNI is pleased to announce that Sultan Ahmed Alshubaily CPA Company has joined its Asia Pacific region.  [Read More]

02/02/2022 USA: TAKE ADVANTAGE OF THE 179D ENERGY-EFFICIENT COMMERCIAL BUILDING TAX DEDUCTION

Great news for commercial building owners!  Originally passed by Congress in 2005, but subject to renewal every few years, the Section 179D Energy Policy Act tax deduction was made permanent in 2021.  This enables business owners and government contractors to take advantage of a perpetual tax incentive for energy-saving improvements.  [Read More]

  • United States of America

01/02/2022 COMPENSATION AND MOTIVATION

Want to know how best to use compensation in accomplishihing your business goals and how to evaluate the right compensation structures for your business?  Here Steve Handler, Partner at MichaelSilver in Chicago, takes a brief look at rewarding someone for services, such as wages and benefits paid to an employee.

25/01/2022 CANADA: THE JANUARY EDITION OF

In their first quarter edition of "TaxTips & Traps", Yale PGC in Toronto cover the following:

  • Small business air quality improvement tax credit:  could your business benefit?
  • COVID-19 business supports:  targeted measures.
  • Falsified employment records:  the penalties can be large.
  • Corporate advertising and promotion expenses:  CRA increasing reviews.
  • Teachers and early childhood educators:  expanded access to tax credit.
  • Canada worker lockdown benefit (CWLB):  modified support for individuals
  • Old age security (OAS):  clawback planning.
  • Canada

17/01/2022 KENYA: JANUARY 2022 UPDATE FROM THE TAX DESK AT MBAYA & ASSOCIATES

This Newsletter covers recent important develpments in Kenya's tax regime, as well as providing information from the Secretarial Desk on what Company Secretarial Services they can offer you.  

2022 TAX CALENDAR - KENYA

  • Kenya

17/01/2022 USA: IT'S 1099 SEASON!!

MichaelSilver's Client Accounting Services group takes its first steps into the 2022 tax season with some general information (including filing dates) about Forms 1099.

  • United States of America

11/01/2022 CYPRUS: TAX TREATY SIGNED WITH JORDAN

On 17 December 2021 Cyprus signed a tax treaty for the avoidance of double taxation with Jordan.  Find out more from this Tax Update provided by AuditPro Services.

  • Cyprus

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