Administrative approach agreed with our Cousin’s For those of you who know the script of the Australia/NZ double tax treaty agreement (“DTA”) inside out, or at least its residency Article (Art.4), you will appreciate that a company which is considered tax resident of both jurisdictions under their respective domestic corporate tax residency rules, is then […]
Taxation of digital services Close on the heels of Budget 2019, in which the Government signalled its intention to progress public consultation on a digital services tax (“DST”), the Ministers of Revenue and Finance have released a discussion document titled “Options for taxing the digital economy”. The topic itself is presently on the OECD/G20 agenda, […]
Consultation Proceeds on Use of Kilometre Rates for Vehicles IR has released two draft operational statements on the use of the Commissioner’s kilometre rates (IRD mileage rates for those of you that have the same grey matter as I do!) for calculating business deductions and employee reimbursements with respect to the business use of a […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Dave Thompson of Hutchinson and Bloodgood LLP. Dave has joined IR as our exclusive Tax (Accountants) Member in California. Since our inception in 1922, we have lived by the philosophy “To Serve the Client.” We deliver accounting and consulting services that maximize […]
Here we see Marco G. Walser of Walser & Partner AG visiting Michael A. Dominguez of Gonzalez Olivieri LLC. They met at Michael’s office in Houston, TX. IR Global actively encourage all of our members to meet each other whenever they are travelling. Providing a picture allows us to share the meeting with the rest […]
Are you paying your employees in cryptocurrency? Well while you may not be doing so, the apparent increasingly common occurrence into today’s cryptocurrency world has resulted in IR issuing an exposure draft (is it wrong to suggest there are perhaps more pressing issues they could be issuing interpretation statements on??) on how remuneration paid in […]
With inputs from Sonam Agarwalla, Manager, Nangia Advisors (Andersen Global) Special Economic Zones (SEZs) were introduced to India in the year 2000, following the already efficacious SEZ model used in China. Prior to their introduction, India relied on Export Processing Zones (EPZs) which had a very lean impact on foreign investors. SEZs have been recognized […]
Background London Interbank Offered Rate (LIBOR)[1] is a global benchmark interest rate widely used to price financial indentures across economies, including but not limited to standard inter-bank products (like interest rate futures/ options/ swaps/ cap/ floor), commercial field products (like variable rate mortgages) and hybrid products (like collateralized mortgage obligations). On 27 July 2017, Andrew […]
Indian government’s major initiative to unearth the undeclared tax or illegal wealth – Project insight! The project forms its base over technologically driven concepts and ideas in line with spread of digitalization widely in corners of the economy. With the Project Insight, the Income-tax Department aims to promote voluntary compliance and deter non-compliance; to impart […]
CPI adjustments released IR has released two CPI adjustments, the first in relation to the standard-cost household for boarding service providers, and the second in respect of the standard-cost household service for childcare providers. In both cases, for providers who have a standard 31 March balance date, the CPI adjustments will apply to their calculations […]
This is in the backdrop of the OECD’s latest step to issue a consultation paper on the same and seeking public comments. QUESTIONS: What do the OECD’s recent proposals for revising profit allocation and nexus rules simply state? Please illustrate with the modern day examples? *User participation proposal This proposal seeks to allocate the taxing […]
As a content creator and influencer, it can be difficult to know what you can claim as an expense for your business. Are you sometimes tempted not to include an expense as you are not sure whether you can?Or perhaps you might be using something personally and are uncertain as to how to deal with […]
