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 declara- tions to US authorities. To date none of the dozens we have worked with had any interest in renouncing citizenship, as it is of great importance for Lebanese […]
International expansion has many challenges ranging from accessing new markets, absorbing new regulations and sourcing new employees. Before all this can happen though, the way a company is structured needs […]
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Who gets excited about the prospect of sitting down and writing a strategy? If you’re looking downwards and avoiding eye contact – the answers probably “not I”! Who worries about the future of your business and your own finances? I suspect that most of us lose a little sleep over the future, be it retirement […]
We are delighted to announce the appointment of Managing Director, Warren Munson, as Chairman of Julia’s House, the Dorset and Wiltshire children’s hospices. Having supported Julia’s House since its formation in 2006, Warren joined the charity’s Board of Trustees in 2015, going on to become Vice Chairman in 2016. With only 6% government funding, Julia’s House […]
Virtual Round Table Series, Tax Working Group 2017 There has been a discernible shift in attitudes to global tax. Transparency has become a buzzword among tax professionals since the ‘Panama Papers’ leak rocked the world in 2016. Ongoing initiatives concerning transfer pricing, offshore entities and common reporting standards, among others, all now seek to increase the transparency around where profit is […]
Kamal HawabhayManaging Director, GWMS Ltd
CRS should technically come into effect in Lebanon in January 2017, with reporting to start in 2018. This follows the legislation passed by parliament last Sep- tember after many months of political deadlock. The relevant legislation was passed to avoid being black- listed by the OECD, however the method of implementa- tion is still under […]
It is said that there are more Lebanese outside Lebanon then there are in Lebanon, so it comes as no surprise that Lebanon has more than 30 tax treaties, especially when the country’s diaspora is highly engaged in holding assets, investing in their homeland and sending savings back to family members. Lebanon has always been […]
Offshore companies are quite attractive options in Lebanon being only subject to an annual flat corporate tax (~USD670) and exempt from both dividends distribution tax and capital gains tax (10%), with additional exemptions from inheritance tax, payroll tax and social security contributions for employees who are working outside Lebanon, or not permanently residing in […]
Mauritius has finally inked a historic multilateral instrument (MLI) designed to prevent Base Erosion and Profit Shifting (BEPS) by multinational enterprises.This came nearly a month after 68 jurisdictions, including India, signed the Multilateral Convention to Implement Tax Treaty Related Measures to prevent Base Erosion and Profit Shifting (MLI). While signing the MLI on Wednesday, Mauritius […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Zulfiquarali Aboo of AAC Kenya. Zulfiquarali has joined IR as our exclusive Audit & Assurance Services + Tax (Accountants) Member in Kenya. “AAC Kenya is an independent Accountancy and Audit Practice, providing a myriad of services on all aspects of the profession. It was […]
Zulfiquarali Aboo. FCCA and CPA (K)Partner, AAC Kenya
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Abdulwahid Aboo of AAC Kenya. Abdulwahid has joined IR as our exclusive Audit & Assurance Services + Tax (Accountants) Member in Kenya. “AAC Kenya is an independent Accountancy and Audit Practice, providing a myriad of services on all aspects of the profession. It was […]
Abdulwahid Aboo. FCPA, FCCA, FCPS, CPAR and CPAUManaging Partner, AAC Kenya
The Centre is not only eyeing a fair share of taxes on international transactions undertaken between related parties of a multinational network with presence in India, but even untaxed profits stashed overseas. Through fresh measures — popularly called secondary adjustment provisions under transfer pricing — the government has made sure that profits parked abroad via […]
