Operating with no central authority or bank, Bitcoin is one of many digital currencies (also knowns as cryptocurrencies) rising in popularity, which makes the related income tax rules even more pertinent than ever. The Canada Revenue Agency (“CRA”) generally considers digital currencies, such as Bitcoin, as commodities for income tax purposes. The relevant income tax […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Sándor Hegedüs of RSM Hungary. Sándor has joined IR as our exclusiveTax (Private Client), Tax (Accountants) & Tax (Law) Members in Hungary . “The achievements of RSM Hungary, founded in 2001, confirm that the values and beliefs of the founders of the company stand […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Mónika Marczin of RSM Hungary. Mónika has joined IR as our exclusiveTax (Private Client), Tax (Accountants) & Tax (Law) Members in Hungary . “The achievements of RSM Hungary, founded in 2001, confirm that the values and beliefs of the founders of the company stand […]
POSTED ON NOVEMBER 12, 2017 BY TUDOR FEDELEs Table of Contents Limited Partnership for holding Private Assets Trust Foundation Private Placement Life Insurance SPF SICAR (société d’investissement en capital à risqué) SIF (specialised investment fund) SOPARFI (société de participation financières) Securitization Limited Partnership for holding Private Assets The Luxembourg Special Limited Partnership (SLP) for asset protection […]
Could Be NZ’s Warmest Month on Record… A Herald article over the weekend reflected that January 2018 is already the 3rd hottest month ever recorded since 1909, and if, in the remaining 9 days, the average temperature rises another half a degree, it will surpass the existing two hottest recorded days which are both February […]
Table of Contents At a glance Securitisation company Securitisation fund Regulatory aspects Tax aspects The securitisation may be defined as a financing process by which an entity transfers illiquid assets or risks to a dedicated securitisation vehicle in exchange for cash equivalent; the securitisation vehicle being financed by issuance of transferable securities of […]
Due to high demand and much anticipation, the American University of Beirut – REP CEC and Abousleiman & Co. proudly announce that the Tax Diploma Program (TDP) now consists of both a certificate and diploma program to better suit participants’ preferences. This program aims to educate participants on the Lebanese tax legislation and raise collective awareness among tax payers so they may be […]
Relief for Chatfield’s finally… Some of you may have been following the Chatfield & Co case (“Chatfield”), which concerned the issue of s.17 notices in 2014 by the Commissioner pursuant to a request for assistance she had received from the Korean National Tax Service (“NTS”). The sole reason for issuing the s.17 notices, was to […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Simon Cheung of Global CPA (Shanghai) Ltd. Simon has joined IR as our exclusive Tax (Accountants) member in China. As the representative firm for, China , Global CPA (Shanghai) Ltd. take our international relationships very seriously; working closely with our global […]
Latest Work Programme Update IR has published their latest update to the 2017-18 Public Rulings Work Programme.With all the recent publicity, I am eagerly awaiting the release of IR’s views on the income tax and GST treatment of crypto-currencies – will those significant gains on Bitcoin be taxable? A number of jurisdictions have already issued […]
Wissam Abousleiman of Abousleiman & Co and Claudia Caluori of Eptalex | MEG Legal Services recently hosted a seminar in Dubai on December 4, addressing businesses’ concerns on the legal aspects of VAT obligations as well as the proper accounting procedures and technical steps to be compliant with the new challenges VAT will likely pose. […]
What advice have you provided to clients considering giving up their US citizenship? Most clients with US citizenship had never declared and so we used the streamlined process to get them back on track and report their income tax declarations to US authorities. To date none of the dozens we have worked with had any […]