R&D Tax Credit Regime now law The Taxation (Research and Development Tax Credits) Act 2019 received the Royal assent on 7th May 2019 – the final stage in NZ’s legislative process. The regime is effective from 1st April 2019, with the consequence that eligible businesses with an annual R&D spend of more than $50,000, will […]
Neha Malhotra, Executive, Nangia Advisors (Andersen Global) with inputs from Radhika Arora The taxation system in India has been designed to ensure equity and fair play in its operation. The Income-tax Act, 1961 (Act) facilitates the taxpayers with various tax-perks by way of diverse exemptions, incentives, deductions etc. It has in store many tax sops […]
Special Reports on BEPS released While the legislation itself was enacted in June 2018, with application to income years commencing 1st July 2018 onwards, IR has only now just released five special reports on the new rules, each document covering a particular cross-border issue which has been affected by the changes. The reports cover the […]
By Suraj Nangia, Partner and Sandeep Jhunjhunwala, Director, Nangia Advisors (Andersen Global) Real Estate Investment Trust (REIT) is a globally accepted investment vehicle for passive participation in real estate properties. First conceptualised in the United States, REIT has been in existence in several developed and emerging economies now, providing a stable investment alternative for retail […]
Through the past few years, we have experienced a lot of changes in the way we used to do things. Stop for a minute and think about it. Can you remember how things worked five, or ten years ago? Calling someone, travelling, buying, listening to music… Our daily activities, that now sound so simple, used […]
By Suraj Nangia, Partner and Chirag Nangia, Director, Nangia Advisors (Andersen Global) Real estate is one of the vital sectors of the Indian economy. It’s the second largest employer in the country if you consider its four cornerstones – housing, retail, hospitality and commercial spaces. The sector is expected to be a $650 billion sector, […]
So for the past few weeks it has been “Eat. Sleep. Tax. Repeat.” April 30th, the end of personal tax busy season, is now here. Congrats to our fabulous team at hashtag#CroweSoberman for a great and successful busy season!
Provisional Tax QWBA’s IR has released two QWBA’s which both provide commentary on specific provisional tax issues. The first is QB 19/03, which considers the provisional tax implications when an employee receives a one-off payment during an income year with no tax deducted, which has the consequence effect of an end of year RIT of […]
Can you confirm?? IR has released an operational statement (OS 19/02), which deals with the issue of who has the authority in the Commissioner’s eyes, to be able to confirm an income statement of a deceased person or to be able to provide information to IR to finalise the tax account of the deceased. O/S […]
Nangia Advisors opens new offices in Bengaluru and Pune. The new Bengaluru office through Nangia Advisors is located on Infantry Road, strategically close to major IT hubs and tech giants. Nangia Advisors has chosen well-regarded tax heads Adarsh Rathi and Sandeep Jhunjhunwala to lead the office. Adarsh Rathi joins Nangia Advisors from EY and brings […]
ACC Levies annual review With the ringing in of the new income year, we usually also see the coming into effect of any changes to the ACC rates – the Work Account levies (to cover work-related injuries) and the Earners levy (non-work injuries). In this regard therefore, taking effect from 1st April 2019: the average […]
Lately, we have been hearing a lot about Tax Compliance, and it is not for nothing. Tax Compliance is extremely important to the companies, and we will help you to understand why. In the first place, let’s take a look over the implications of this term. The verb “to comply” means act according to an […]