IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Iván Ferrer of Speedwell Accounting & Consulting. Iván has joined IR as our exclusive Accounting Services Member in Portugal. Speedwell’s difference is noticeable from the moment you contact them! They are a dynamic firm that grew from the experience of its […]
The General Statistics Office of Vietnam (GSO) recently released the 2017 Economic Census, which includes information about economic establishments, business activities, labor market, and outsourcing activities. It covers State and non-state domestic enterprises as well as foreign-invested enterprises (FIEs). Enterprises in Vietnam According to the census, as of April 2017, there were 517,900 businesses operating […]
Issuing e-invoices Companies need to register before they use e-invoices (with or without tax codes) to get approval from the tax authorities through the General Department of Taxation’s website. Business and individuals selling goods or providing services need to issue an e-invoice (with or without tax codes) to the buyer in a standardized format prescribed […]
Vietnam recently issued Decree No.119/2018/ND-CP (“Decree 119”) on the use of electronic invoices (e-invoices) for the sale of goods and services. Through Decree 119 which will be in effect from November 1, 2018, the government is aiming that at least 90 percent of the firms will use e-invoices by 2020. Types of e-invoices There are […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Snježana Galić of Galić Tax Consulting. Snježana has joined IR as our exclusive Tax (Accountants) & Accounting Services member in Croatia. If you have a requirement in this area, please get in touch with Snježana directly or with the IR Global […]
Partial Tax Exemption scheme Companies that do not qualify for start-up exemption or are beyond the first three years of their incorporation, can avail for partial tax exemptions. This may amount to 75 percent tax exemption for the first S$10,000 (US$7,310) of normal taxable income and a 50 percent tax exemption on the next S$290,000 […]
The VAT fines scheme will undergo a facelift. For certain first infractions in good faith the fines will as from now automatically be waived. To make this possible, the VAT authorities have modified their internal instruction. The VAT Code and Royal Decrees will not be amended. First infraction? Fine automatically waived In case of a […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Robert L. Pioso of Rich Coast Accounting. Robert has joined IR as our exclusive Accounting Services Member in Costa Rica Rich Coast Accounting was founded by Robert L. Pioso, US CPA CGMA in 2012 after moving to Costa Rica permanently in […]
Singapore is globally renowned for its competitive tax structure. The country imposes corporate income tax (CIT) at a flat rate of 17 percent, which is the lowest among the ASEAN member states. The single-tier corporate tax system enables businesses to save on the cost of compliance, eliminate restrictions placed on the distribution of dividends from […]
Payroll Management involves managing the total emoluments of the members of staff of an entity to ensure that the total amount of emolument is captured and all statutory deductions are entered to arrive at the net pay, which is the take home pay for the staff. Payroll Management is not completed until remittances are made […]
TAXATION IN NIGERIA Nigerian Tax System has become more sophisticated in the recent times. There are amendments to the rules and regulations, which have made it more complex than before. At the same time, the government has introduced incentives to encourage investment. Some outdated tax provisions have been discontinued. It is advisable that individuals […]
Available tax incentives in SEZs To avail tax facilities, the investing company must be registered by the relevant government authority to be a ‘business entity’ that develops or manages a SEZ; have a new investment with new investment plan; and must be involved in chain of ‘main’ activities – as determined by the National Council […]