The outcome of the upcoming presidential election may significantly affect the changes in federal income taxes on businesses that will be made during the next presidential term of office. The next president’s success in passing specific legislation will depend enormously on the makeup of the next Congress. On November 5, 2024, in addition to the … Read more
The taxation policy in the Philippines is chiefly governed by the following Republic Acts: The Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act) Tax Reform for Acceleration and Inclusion (TRAIN) Law Article VI, Section 28 of the Constitution; The National Internal Revenue Code; and Local Government Code of 1991. Tax structure The country … Read more
State-owned insurer VHI will not be subject to the new higher 15 per cent corporate tax rate until January 1st, 2029 due to an exemption in the legislation for large-scale domestic companies with no international activity, according to the company’s annual report.Under legislation introduced last year, the State’s 12.5 per cent tax rate increased to … Read more
Every profession has its own distinct lexicon, or language, which mitigates any potential misunderstandings.Furthermore, it serves as a barrier to entry and maintains remuneration in line with the level of difficulty inherent in onboarding.Corporate tax exemplifies such a community. Today, we are going to delve into one of its niche domains: investment funds and their … Read more
Cyprus has fully implemented 75% of the recommendations regarding prosecutors, but only 25% of the recommendations regarding MPs.
Members of the board on the Gaming & Casino Supervision Commission receive special treatment, earning around €800 a month, while others on similar public bodies make €70.