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15/10/2021 IRELAND: BUDGET 2022

Click here for the highlights of Ireland's 2022 Budget, announced by Minister Paschal Donohoe on 12 October 2021, as presented by Merry Mullen.

  • Ireland

15/10/2021 USA: TIME TO TAKE A SECOND LOOK AT YOUR ELIGIBILITY FOR THE EMPLOYEE RETENTION TAX CREDIT (ERTC)

The Employee Retention Tax Credit (ERTC), originally passed in the CARES Act of March 2020, encourages businesses and tax-exempt organisations to keep employees on the payroll during the pandemnic.  Find out whether your business is eligible.

  • United States of America

15/10/2021 USA: RECONCILIATION BILL HAS SIGNIFICANT PROPOSED CHANGES FOR ESTATE, GIFT & INCOME TAXES

As part of a US$3./5 trillion reconciliation bill being considered by Congress, multiple far-reaching tax proposals were recently addressed by the House Ways & Means Committee.  The proposed changes could have a significant impact on trusts, estates, and income taxes.  Highlights of the House proposals, as provided by MichaelSilver in Chicago, can be viewed here.

  • United States of America

30/09/2021 MAURITIUS: THE FINANCE (MISCELLANEOUS PROVISIONS) ACT 2021

GWMS in Mauritius bring you the salient features of the Act, which was adopted on 5 August 2021, in their latest Global Business Update.

  • Mauritius

21/09/2021 SOUTH AFRICA: BALANCING YOUR BUSINESS'S LOSSES AND TAXES

In line with the South African 2020 Budget Announcement, the government proposes to broaden the corporate income tax base by restricting the offset of the balance of assessed losses carried forward to 80% of taxable income.  [Find out more]

  • South Africa

15/09/2021 KENYA: TAX REFUNDS

This month's Newsletter from the Tax Desk at Mbaya & Associates in Nairobi gives an insight into applying for tax refunds, and also highlights the tax dispute resolution mechanism known as Alternative Dispute Resolution (ADR).

  • Kenya

09/09/2021 UK: THE HEALTH & SOCIAL CARE LEVY

At the beginning of September the UK government announced an increase in National Insurance Contributions to help fund the required reforms to the country's National Health Service and Social Care system.  Here Janet Pilborough-Skinner of Goodman Jones in London comments.

  • United Kingdom

24/08/2021 CANADA: "TAX TIPS & TRAPS" FROM YALE PGC IN TORONTO

Topics covered in this issue include more clarification on the Canada Emergency Rent Subsidy, the potential impact on businesses of Canada Revenue Agency's collections, limited distance covered for travel allowances, tax treatment of Covid-19 medical expenses, repayments of Canada Emergency Response Benefits, TFSA excess contributions, and Will and Beneficiary Designations - are they current?  Also an important note on how to spot signs that someone making a phone call claiming to be from the Canada Revenue Agency could be a scammer, and how you can verify that they are who they say they are.  [Find out more]

  • Canada

24/08/2021 KENYA: AUGUST UPDATES FROM THE TAX DESK OF MBAYA & ASSOCIATES

Subjects covered this month include:

  • The extension of time to comply with the Value Added Tax (Electronic Tax Invoice) Regulations 2020
  • Automation of the Voluntary Tax Disclosure Programe
  • Customs duty

.... and more.  [Read More]

  • Kenya

24/08/2021 EMPOWERING BUSINESS THROUGH ELECTRONIC INVOICING

This Newsletter from Khodeir consulting in Egypt explains how electronic invoicing not only increases the internal productivity of a business but also assists their government in its mission to get everyone not only to "think green" but also to "act green".

  • Egypt

06/08/2021 A NEW REGIONAL PRESIDENT FOR GMNI'S EUROPEAN REGION

Enric Paredes, partner of GPM Auditors in Catalonia, Spain, takes over from Søren Larsen as GMNI's European Regional President.  [Read More]

03/08/2021 USA: ACCOUNTING & TAX CONSIDERATIONS FOR EXPANDING INTO THE UNITED STATES

Looking to start or expand a business in the United States?  Steve Handler at MichaelSilver in Chicago shares his thoughts on what you may need to consider.  [Read More]

  • United States of America

28/07/2021 KENYA: HIGHLIGHTS OF FINANCE ACT 2021

Click here for a summary of the key aspects of Kenya's Finance act 2021 provided by Mbaya & Associates in Nairobi

  • Kenya

27/07/2021 NETHERLANDS: THE LATEST NEWS FROM ACCON INTERNATIONAL (JULY 2021)

  • Update on Dutch government Covid support
  • Registration in UBO Register
  • New EU rules for VAT on e-commerce on 1 July 2021
  • Cross-border workers - compliance with Dutch coronavirus legislation
  • Multi-state workers: salary split
  • Doing business in the Netherlands - video

Click here to find out more on the above. 

  • Netherlands

16/07/2021 GERMANY: REFORM OF THE CONTROLLED FOREIGN CORPORATION RULES

Prof. Dr. Rene Schafer, Tax Advisor and Specialist Advisor for International Tax Law, at Dornbach GmbH explains ...... [Read More]

  • Germany

14/07/2021 UAE: PARENTAL LEAVE - NEW LEGISLATION

A significant developmnent in the UAE for granting parental leave, applicable to both male and females.  Find out more ....

13/07/2021 UAE: 100% FOREIGN OWNERSHIP IN ONSHORE COMPANIES

The UAE government has amended the Commerical Companies Law to allow foreign investors and entrepreneurs to set up fully owned onshore companies.  The amendment came into effect on 1 June 2021.  [Read More]

  • United Arab Emirates

06/07/2021 USA: MID-YEAR TAX PLANNING

Judy Mason and Marco Loza at MichaelSilver in Chicago look at items to consider for your personal tax planning, strategies small business owners may wish to consider to minimise their 2021 tax bill and the American Families Plan announced by President Biden in April 2021.  [Read More]

  • United States of America

21/06/2021 UAE: LATEST ON ULTIMATE BENEFICIAL OWNER & ECONOMIC SUBSTANCE REGULATIONS

The UAE is implementing measure to tackle tax avoidance (via profit shifting) and money laundering to bring in best practices as per the agreement with the OECD.  The find out more on this and the Economic Substance Regulation read this Blog from KPI in Dubai.

  • United Arab Emirates

21/06/2021 KENYA: FISCAL YEAR 2021/2022 BUDGET HIGHLIGHTS

Kenya's 2021/2022 Budget was presented by the National Treausre & Planning Cabinet Secretary, Hon. Ukur Yatani on 10 June, and was themed "Building Back Better:  Strategy for Resilient and Sustainabe Economic Recovery and Inclusive Growth".  Click here to find out the taxation policy measures proposed in this update from the Tax Desk at Mbaya & Associates, Nairobi.

  • Kenya

16/06/2021 CYPRUS: NEW TAX TREATY SIGNED WITH THE NETHERLANDS

On 1 June 2021 Cyprus signed a tax treaty for the avoidance of double taxation with the Netherlands.  The treaty will come into force once legal procedures have been completed and will have effect in both contracting states on or after 1 January following the date it comes into force.  Find out more from this Tax Update provided by AuditPro Services.

  • Cyprus

08/06/2021 A NEW PRESIDENT FOR GMNI'S ASIA PACIFIC REGION

Mr Aubrey Saverimuttu of Ted Saverimuttu & Co. in Sri Lanka takes over the reigns of our Asia Pacific region from Nandan Bendarkar.  [Read More]

  • Sri Lanka

03/06/2021 EU: VAT SIMPLIFICATION FOR E-COMMERCE BUSINESSES

New VAT simplification measures aimed at e-commerce businesses will be introduced across the EU on 1 July 2021.  Find out more in this Blog from Esther Wood at Goodman Jones in London.

  • United Kingdom

02/06/2021 GMNI APPOINTS A NEW FIRM IN MOROCCO

We are delighted to be expanding our African region by welcoming Audinex in Casablanca.  [Read More]

  • Morocco

01/06/2021 UK: WHERE ARE WE ON OUR VAT BREXIT JOURNEY?

Five months on form the date when the UK finally completed its exit from the European Union, the multiple challenges facing UK businesses trading with the EU are finlly becoming clear.  Graeme Blair at Goodman Jones in London takes a look at these.  [Read More]

  • United Kingdom

25/05/2021 UAE: CRS / FATCA FILING FOR REPORTABLE TAX PERIOD 2020

The Ministry of Finance ("MOF"), UAE, has created a separate portal within its website for CRS and FATCA annual filings.  

The MOF has announced the opening of the annual reporting cycle of CRS/FATCA filing for the year 2020.  The due date for CRS/FATCA annual filing is 30 June 2021.  [Read More]

  • United Arab Emirates

20/05/2021 UAE: ANTI MONEY LAUNDERING LAW REGISTRATION & COMPLIANCE

In an effort to tighten Anti Money Laundering regulations, the UAW has launched the goAML portal for specified bsinesses to register.  Find out more about the Law and the Designated Non-Financial Business and Professions that need to register on goAML in this blog from KPI in Dubai.

  • United Arab Emirates

20/05/2021 OMAN: THE INTRODUCTION OF VAT

Last month saw Vale Added Tax (VAT) being introuced in the Sultanate of Oman at a standard rate of 5%.  For details of the VAT threshold, registration deadlines, rates and much more, click here to read this blog from KPI in Dubai.

  • Oman

18/05/2021 CANADA: IMMEDIATE CAPITAL ASSET WRITE-OFF, CANADA RECOVERY HIRING, EXTENDED WAGE & RENT SUBSIDIES, COVID-19 BENEFITS FOR INDIVIDUALS AND MUCH MORE

Click here for Yale PGC's 2021 Quarter 2 Newsletter summarising these and other recent tax developments in Canada.

  • Canada

12/05/2021 GERMANY: IMMINENT ADDITIONAL TAX LOAD FOR INTERNATIONAL PAYMENTS

The German Anti-Treaty/Anti-Directive Shopping Provision is expected to be significantly tightened in May.  Read more in this newsletter from Dornbach GmbH.

  • Germany

12/05/2021 KENYA: MAY 2021 NEWSLETTER FROM THE TAX DESK OF MBAYA & ASSOCIATES

Featuring:

  • Fringe benefit tax and deemed interest tax rate
  • Intended de-registration of non-compliant PIN numbers
  • Voluntary tax disclousre programme
  • Duty-free imports on returning residents
  • Investment allowances

[Read More]

  • Kenya

07/05/2021 SIX ELEMENTS OF A SUCCESSFUL EXIT PLAN

Developing an exit plan is the most important thing a business owner can do to protect the value of their business and avoid a "worst case" scenario.  MichaelSilver in Chicago consider the results of having no predetermined exit plan against having a well-designed and implemented exit plan and present their recommendations for achieving a successful one.  [Read More]

  • United States of America

26/04/2021 NETHERLANDS: THE LATEST NEWS FROM ACCON INTERNATIONAL

  • Cross border workers - compliance with Dutch coronavirus legislation
  • New EU rules for VAT on e-commerce on 1 July 2021
  • What you need to know about the NOW scheme in 2021
  • Reimbursement under TVL scheme increased to 100% in Q2
  • Dutch tax deferral extended to 1 July 2021
  • Help with tenancy issues in the Netherlands
  • Doing business in the Netherlands - video

Click here to read more on the above.

09/04/2021 UK: HMRC SUPPORT FOR BUSINESSES SUFFERING LOST VAT RECOVERY

HM Revenue & Customs has announced swift and sympathetic support for businesses suffering unfair levels of irrecoverable VAT due to the pandemic.  [Read More]

  • United Kingdom

09/04/2021 SOUTH AFRICA: WHY DO I NEED TO KNOW MY RIGHTS AS A TAXPAYER?

Since the introduction of the Tax Administration Act in 2011, taxpayers in South Africa have become aware more than ever before of their rights in dealing with the South African Revenue Services.  Click here for some brief highlights (provided by HVM Registered Auditors & Certified Accountants in Stellenbosch) on the rights that taxpayers have in terms of the Tax Administration Act, and which they may wish to enforce at some stage.

  • South Africa

06/04/2021 GMNI EXTENDS ITS SOUTH AMERICAN PRESENCE BY WELCOMING BADO, KUSTER, ZERBINO & RACHETTI IN URUGUAY

GMNI is delighted to announce that Bado, Kuster, Zerbino & Rachetti in Montevideo has joined our South American region.  [Read More]

  • Uruguay

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