Jimmy Gentry presents "Securities and Exchange Commission Filings" during the Reynolds Center for Business Journalism's annual Business Journalism Week, Jan. 4, 2014. Gentry is the Clyde M. Reed Teaching Professor at the University of Kansas' School of Journalism and Mass Communications.
The annual event features two concurrent seminars, Business Journalism Professors and Strictly Financials for journalists.
For more information about business journalism training, please visit http://businessjournalism.org.
The document discusses the role and functions of the Securities and Exchange Commission (SEC). The SEC was created in the 1930s to restore investor confidence following the stock market crash and regulates companies that issue securities. It requires these companies to disclose important information so investors have access to basic facts. Key SEC filings include annual 10-K reports, quarterly 10-Q reports, and current 8-K reports of material events. The SEC faces challenges in overseeing thousands of public companies with limited resources and staff turnover.
Key Takeaways:
- Payroll Taxes
- Transfer Pricing
- Global Intangible Low Taxed Income
- Controlled Foreign Corporation
- Base Erosion and Anti-Abuse Tax
- Covid Impact and Measures
Key Takeaways:
- Residential Status
- Visa Types
- Dependent and Independent Personal Services
- Base Erosion and Anti-Abuse Tax
- Sales Tax
- Practical Case Studies
ICAI - Presentation on Partnerships under the Law of Tax Treaties - 29.04.2012P P Shah & Associates
This document provides an overview of partnerships under tax treaty laws. It defines partnerships and discusses how they are classified and taxed under domestic laws and tax treaties. Specifically:
1) Partnerships can take different legal forms depending on the jurisdiction, and may be classified as taxable or fiscally transparent entities for tax purposes. How a partnership is classified can impact its ability to claim tax treaty benefits.
2) Issues can arise under tax treaties when the residence and source states classify a partnership differently (e.g. as taxable vs transparent), known as a conflict of attribution or qualification. This affects how partnership income and payments are taxed in each state.
3) The OECD has provided
Ethics & Compliance - An Organizational OutlookM Ravish Malgi
This presentation briefly covers the difference between ethics & compliance and also gives a gist about their respective importance to the business world.
Jimmy Gentry presents "Securities and Exchange Commission Filings" during the Reynolds Center for Business Journalism's annual Business Journalism Week, Jan. 4, 2014. Gentry is the Clyde M. Reed Teaching Professor at the University of Kansas' School of Journalism and Mass Communications.
The annual event features two concurrent seminars, Business Journalism Professors and Strictly Financials for journalists.
For more information about business journalism training, please visit http://businessjournalism.org.
The document discusses the role and functions of the Securities and Exchange Commission (SEC). The SEC was created in the 1930s to restore investor confidence following the stock market crash and regulates companies that issue securities. It requires these companies to disclose important information so investors have access to basic facts. Key SEC filings include annual 10-K reports, quarterly 10-Q reports, and current 8-K reports of material events. The SEC faces challenges in overseeing thousands of public companies with limited resources and staff turnover.
Key Takeaways:
- Payroll Taxes
- Transfer Pricing
- Global Intangible Low Taxed Income
- Controlled Foreign Corporation
- Base Erosion and Anti-Abuse Tax
- Covid Impact and Measures
Key Takeaways:
- Residential Status
- Visa Types
- Dependent and Independent Personal Services
- Base Erosion and Anti-Abuse Tax
- Sales Tax
- Practical Case Studies
ICAI - Presentation on Partnerships under the Law of Tax Treaties - 29.04.2012P P Shah & Associates
This document provides an overview of partnerships under tax treaty laws. It defines partnerships and discusses how they are classified and taxed under domestic laws and tax treaties. Specifically:
1) Partnerships can take different legal forms depending on the jurisdiction, and may be classified as taxable or fiscally transparent entities for tax purposes. How a partnership is classified can impact its ability to claim tax treaty benefits.
2) Issues can arise under tax treaties when the residence and source states classify a partnership differently (e.g. as taxable vs transparent), known as a conflict of attribution or qualification. This affects how partnership income and payments are taxed in each state.
3) The OECD has provided
Ethics & Compliance - An Organizational OutlookM Ravish Malgi
This presentation briefly covers the difference between ethics & compliance and also gives a gist about their respective importance to the business world.
The document discusses key considerations for establishing a limited liability company (LLC) in Russia with foreign shareholding. It outlines the characteristics of an LLC compared to a joint-stock company, including that an LLC has a minimum charter capital of RUB 10,000 which is divided into participatory interests rather than shares. The document also discusses options for financing an LLC's activities, management bodies, documents required for LLC registration, and implications of thin capitalization rules and double tax treaties.
The document discusses year-end 2010 tax issues and considerations for 2011. It notes that the Bush-era tax cuts were extended and new legislation was passed. Key points include: required minimum distributions from IRAs must be taken in 2010; charitable donations from IRAs can be made until January 2011 and count for 2010; Roth IRA conversions made in 2010 can have taxes paid over 2 years; and estate tax exemption was $5 million in 2010.
Chief Nicholas Colucci's appointment to lead the USCIS Immigrant Investor Program has shifted the program's focus towards increased compliance efforts and interagency cooperation, especially with the SEC. Under Colucci's leadership, USCIS has hired more qualified staff with economics and legal backgrounds, centralized application processing, and begun revising EB-5 regulations and policy guidance to address fraud and national security issues to strengthen the integrity of the program. USCIS is also working more closely with the SEC and other agencies on EB-5 cases to comprehensively address financial and security concerns regarding the program.
Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act. Read more!
Overview and importance of accounting, legal and tax aspects for startups - S...SS Industries
- The document discusses key regulatory, legal, tax and accounting considerations for startups in India, including the Startup India Action Plan.
- It covers topics like the definition of a startup, choice of entity structure, headquarters location, overseas investments, and recent developments in the startup ecosystem in India.
- Recent updates include over 500 applications received for startup benefits, 12 approved so far based on the April 1, 2016 incorporation date cutoff, and initiatives like a Rs. 2,000 crore fund of funds for startups managed by SIDBI.
2013 Changes in Tax Law and Year End Tax Planning Opportunities
Individuals
o 2013 tax rates
o Tax on investment income
o Other changes in tax law affecting individuals
o Year end planning opportunities
Businesses
o Employment tax
o Depreciation
o Pass-through entities
Estate and Gift Tax
o Exemption amounts
o Tax rates
o Gifting strategies
o Valuation discounts
o Grantor trusts
Factors Contributing to Accounting Diversity at the International LevelSundar B N
The document discusses accounting diversity, which refers to differences in how financial information is recorded and used. Accounting diversity stems from factors like legal systems, taxation, inflation, sources of financing, political/economic ties, and the correlation between these factors. This diversity causes problems such as difficulty preparing consolidated financial statements, limiting access to foreign capital markets, reducing comparability between financial statements, and lack of high-quality accounting information.
Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act.
The document discusses different types of business entities including sole proprietorships, C-corporations, S-corporations, partnerships, and limited liability companies. It provides an overview of the legal and tax considerations for each entity type, such as formation requirements, tax treatment, advantages, and disadvantages. The document also includes examples analyzing reasonable compensation and partnership tax issues.
This document summarizes a presentation on qualified retirement plans for advisors. It covers trends affecting the retirement plan market like changes in demographics and regulations. It also discusses tools like contribution and deduction limits for 2015. Potential traps for plans are reviewed, such as asset protection issues and delinquent form filings. Tips provided include how to define compensation for plan purposes and timing of contribution deadlines. The presentation aims to help advisors better understand retirement plans to add value for clients and grow their practices.
The document summarizes 2010 cross-border tax updates for the US and Canada. On the US side, it discusses PFIC reporting requirements, foreign bank account reporting, tax rate changes including the healthcare bill, and the voluntary disclosure process. For Canada, it covers foreign tax credit generators, taxable Canadian property rule changes, tax avoidance transactions, and stock option changes. Quebec may serve as a model for federal tax changes.
Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act.
There are no limitations for foreign investors when it comes to setting up companies. A foreign natural or legal person may establish any form of company either together with other foreign or Czech persons, or alone as a sole shareholder. In this respect, foreign natural and legal persons enjoy the same rights and bear the same obligations as Czech persons and may not be discriminated against.
This presentation includes an overview of tax changes from 2012 and what's new in 2013.
For more information about our tax services, visit www.cbiz.com
This document is a lab file submitted by a student named Sukhchain Aggarwal for their degree in commerce. It contains an introduction, declaration, acknowledgements, table of contents, and begins discussing topics related to corporate tax planning in India. The key points covered include:
- An overview of corporate tax planning and how it can help reduce a company's tax liability through proper planning.
- The various heads of income that are considered for taxation: income from house property, business/profession, capital gains, and other sources.
- Methods of tax planning such as planning employee remuneration to ensure deductibility and tax benefits, deducting tax at source in specified cases, and the tax benefits of
An income tax is a government levy that varies based on an individual or entity's taxable income. It is imposed on income or profits. Many jurisdictions refer to income tax on businesses as corporate tax, and partnerships are not taxed directly but the partners are taxed on partnership income. Income tax is generally computed as the tax rate multiplied by taxable income, and the tax rate may increase as taxable income increases in a graduated system. Capital gains may be taxed at different rates than other income.
The document discusses whether a business that is continuously suffering losses should be shut down or continued. It notes that losses can occur due to reduced demand, financial problems, changes in technology, high taxes, or mismanagement. When deciding whether to shut down or continue, tax implications should be considered. Losses can be carried forward if the business is discontinued, and unabsorbed depreciation can be set off against any income. Exceptions exist for cases involving business relocation, department closures, reconstruction after damage, succession, family partition, and amalgamation/demerger. The document provides an illustration comparing the tax implications of continuing versus discontinuing a loss-making business unit. It recommends discontinuing the loss-making unit
Foreign Direct Investments (FDI) refers to a company from one country making a physical investment into building a factory in another country. For an investment to qualify as FDI, the parent company needs to own at least 10% of voting shares or power of the foreign affiliate. Types of FDI include joint ventures, technical collaborations, and setting up branches or project offices. Economic factors that increase FDI inflows include economic growth, deregulation, liberal investment rules, and operational flexibility in the host country.
This document discusses the concepts of gross income and exclusions under US tax law. It defines gross income as all realized income from any source, unless specifically excluded or deferred. Realization, recognition and the tax benefit rule are explained. Various types of income including income from services, property, annuities, and flow-through entities are described. The document also outlines many exclusion provisions that allow taxpayers to exclude certain types of income from gross income, such as municipal bond interest, capital gains on primary residences, qualified fringe benefits, scholarships and more. Deferral provisions are also briefly mentioned.
Startup & Small Business Presentation (2015)Eric Leander
This document provides an overview of legal issues for startups and small businesses. It discusses entity choice including sole proprietorships, partnerships, corporations and LLCs. Key considerations for each entity type are summarized such as liability, taxation and formation process. The document also covers other legal topics such as licenses, insurance requirements, contracts and succession planning.
The document provides a comparative analysis of the original and revised UAE Economic Substance Regulations. It summarizes the key changes made between the original law (CD 31 of 2019) and regulations (MD 100 of 2020) and the revised law (CD 57 of 2020) and regulations (MD 215 of 2019).
Some of the major changes included expanding the definition of licensee, adding definitions for key terms, clarifying the activities subject to economic substance requirements, streamlining the notification process, and specifying documentation required to be submitted including financial statements. Exemptions were also expanded and certain activities like operating leases were removed from being considered relevant activities. The role of the National Assessing Authority was clarified.
The document discusses key considerations for establishing a limited liability company (LLC) in Russia with foreign shareholding. It outlines the characteristics of an LLC compared to a joint-stock company, including that an LLC has a minimum charter capital of RUB 10,000 which is divided into participatory interests rather than shares. The document also discusses options for financing an LLC's activities, management bodies, documents required for LLC registration, and implications of thin capitalization rules and double tax treaties.
The document discusses year-end 2010 tax issues and considerations for 2011. It notes that the Bush-era tax cuts were extended and new legislation was passed. Key points include: required minimum distributions from IRAs must be taken in 2010; charitable donations from IRAs can be made until January 2011 and count for 2010; Roth IRA conversions made in 2010 can have taxes paid over 2 years; and estate tax exemption was $5 million in 2010.
Chief Nicholas Colucci's appointment to lead the USCIS Immigrant Investor Program has shifted the program's focus towards increased compliance efforts and interagency cooperation, especially with the SEC. Under Colucci's leadership, USCIS has hired more qualified staff with economics and legal backgrounds, centralized application processing, and begun revising EB-5 regulations and policy guidance to address fraud and national security issues to strengthen the integrity of the program. USCIS is also working more closely with the SEC and other agencies on EB-5 cases to comprehensively address financial and security concerns regarding the program.
Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act. Read more!
Overview and importance of accounting, legal and tax aspects for startups - S...SS Industries
- The document discusses key regulatory, legal, tax and accounting considerations for startups in India, including the Startup India Action Plan.
- It covers topics like the definition of a startup, choice of entity structure, headquarters location, overseas investments, and recent developments in the startup ecosystem in India.
- Recent updates include over 500 applications received for startup benefits, 12 approved so far based on the April 1, 2016 incorporation date cutoff, and initiatives like a Rs. 2,000 crore fund of funds for startups managed by SIDBI.
2013 Changes in Tax Law and Year End Tax Planning Opportunities
Individuals
o 2013 tax rates
o Tax on investment income
o Other changes in tax law affecting individuals
o Year end planning opportunities
Businesses
o Employment tax
o Depreciation
o Pass-through entities
Estate and Gift Tax
o Exemption amounts
o Tax rates
o Gifting strategies
o Valuation discounts
o Grantor trusts
Factors Contributing to Accounting Diversity at the International LevelSundar B N
The document discusses accounting diversity, which refers to differences in how financial information is recorded and used. Accounting diversity stems from factors like legal systems, taxation, inflation, sources of financing, political/economic ties, and the correlation between these factors. This diversity causes problems such as difficulty preparing consolidated financial statements, limiting access to foreign capital markets, reducing comparability between financial statements, and lack of high-quality accounting information.
Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act.
The document discusses different types of business entities including sole proprietorships, C-corporations, S-corporations, partnerships, and limited liability companies. It provides an overview of the legal and tax considerations for each entity type, such as formation requirements, tax treatment, advantages, and disadvantages. The document also includes examples analyzing reasonable compensation and partnership tax issues.
This document summarizes a presentation on qualified retirement plans for advisors. It covers trends affecting the retirement plan market like changes in demographics and regulations. It also discusses tools like contribution and deduction limits for 2015. Potential traps for plans are reviewed, such as asset protection issues and delinquent form filings. Tips provided include how to define compensation for plan purposes and timing of contribution deadlines. The presentation aims to help advisors better understand retirement plans to add value for clients and grow their practices.
The document summarizes 2010 cross-border tax updates for the US and Canada. On the US side, it discusses PFIC reporting requirements, foreign bank account reporting, tax rate changes including the healthcare bill, and the voluntary disclosure process. For Canada, it covers foreign tax credit generators, taxable Canadian property rule changes, tax avoidance transactions, and stock option changes. Quebec may serve as a model for federal tax changes.
Czech or foreign investors entering the Czech market may choose between several corporate forms. The fundamental law in this area is the Civil Code and Business Corporations Act.
There are no limitations for foreign investors when it comes to setting up companies. A foreign natural or legal person may establish any form of company either together with other foreign or Czech persons, or alone as a sole shareholder. In this respect, foreign natural and legal persons enjoy the same rights and bear the same obligations as Czech persons and may not be discriminated against.
This presentation includes an overview of tax changes from 2012 and what's new in 2013.
For more information about our tax services, visit www.cbiz.com
This document is a lab file submitted by a student named Sukhchain Aggarwal for their degree in commerce. It contains an introduction, declaration, acknowledgements, table of contents, and begins discussing topics related to corporate tax planning in India. The key points covered include:
- An overview of corporate tax planning and how it can help reduce a company's tax liability through proper planning.
- The various heads of income that are considered for taxation: income from house property, business/profession, capital gains, and other sources.
- Methods of tax planning such as planning employee remuneration to ensure deductibility and tax benefits, deducting tax at source in specified cases, and the tax benefits of
An income tax is a government levy that varies based on an individual or entity's taxable income. It is imposed on income or profits. Many jurisdictions refer to income tax on businesses as corporate tax, and partnerships are not taxed directly but the partners are taxed on partnership income. Income tax is generally computed as the tax rate multiplied by taxable income, and the tax rate may increase as taxable income increases in a graduated system. Capital gains may be taxed at different rates than other income.
The document discusses whether a business that is continuously suffering losses should be shut down or continued. It notes that losses can occur due to reduced demand, financial problems, changes in technology, high taxes, or mismanagement. When deciding whether to shut down or continue, tax implications should be considered. Losses can be carried forward if the business is discontinued, and unabsorbed depreciation can be set off against any income. Exceptions exist for cases involving business relocation, department closures, reconstruction after damage, succession, family partition, and amalgamation/demerger. The document provides an illustration comparing the tax implications of continuing versus discontinuing a loss-making business unit. It recommends discontinuing the loss-making unit
Foreign Direct Investments (FDI) refers to a company from one country making a physical investment into building a factory in another country. For an investment to qualify as FDI, the parent company needs to own at least 10% of voting shares or power of the foreign affiliate. Types of FDI include joint ventures, technical collaborations, and setting up branches or project offices. Economic factors that increase FDI inflows include economic growth, deregulation, liberal investment rules, and operational flexibility in the host country.
This document discusses the concepts of gross income and exclusions under US tax law. It defines gross income as all realized income from any source, unless specifically excluded or deferred. Realization, recognition and the tax benefit rule are explained. Various types of income including income from services, property, annuities, and flow-through entities are described. The document also outlines many exclusion provisions that allow taxpayers to exclude certain types of income from gross income, such as municipal bond interest, capital gains on primary residences, qualified fringe benefits, scholarships and more. Deferral provisions are also briefly mentioned.
Startup & Small Business Presentation (2015)Eric Leander
This document provides an overview of legal issues for startups and small businesses. It discusses entity choice including sole proprietorships, partnerships, corporations and LLCs. Key considerations for each entity type are summarized such as liability, taxation and formation process. The document also covers other legal topics such as licenses, insurance requirements, contracts and succession planning.
The document provides a comparative analysis of the original and revised UAE Economic Substance Regulations. It summarizes the key changes made between the original law (CD 31 of 2019) and regulations (MD 100 of 2020) and the revised law (CD 57 of 2020) and regulations (MD 215 of 2019).
Some of the major changes included expanding the definition of licensee, adding definitions for key terms, clarifying the activities subject to economic substance requirements, streamlining the notification process, and specifying documentation required to be submitted including financial statements. Exemptions were also expanded and certain activities like operating leases were removed from being considered relevant activities. The role of the National Assessing Authority was clarified.
Most business activities and investments in Vietnam will be affected by the following taxes:
Corporate income tax;
Various withholding taxes;
Capital assignment profits tax;
Value added tax;
Import duties;
Personal income tax of Vietnamese and expatriate employees;
Social insurance, unemployment insurance and health insurance contributions.
There are various other taxes that may affect certain specific activities, including:
Special sales tax;
Natural resources tax;
Property taxes;
Export duties;
Environment protection tax.
All these taxes are imposed at the national level. There are no local, state or provincial taxes.
Slovakia's corporate tax system levies a 22% tax rate on resident companies worldwide income and nonresident companies' Slovak-source income. Tax losses can be carried forward for four years. Personal income tax applies progressive rates up to 25% to residents worldwide and nonresidents' Slovak income. Value-added tax of 20% applies to goods and services, with reduced rates possible.
Welcome to our guide for Taxation in Vietnam. In this guide, we hope to provide you with an overview of the key aspects of Taxation in Vietnam and answer many of the questions that foreign businesses and entrepreneurs have when making their first venture into the Vietnamese market.
Peru in numbers
International Treaties
Foreign Trade
Corporate considerations
External Audit Requirements
Tax system
Transfer pricing
Labor legislation
TGS Sarrio & Asociados
A helpful handbook that will help you kickstart your company. In this ebook, you will find useful information like:
- How to register a company
- Should you register under GST
- How to get funding for your startup
- How to wind a company
and many more.
FA-01 introduction + Types of expenditure.pptxAqsaZaheer22
This document provides an introduction to accounting. It defines accounting as a systematic process of recording, classifying, summarizing and reporting financial information. It discusses the key elements of financial statements including assets, liabilities, capital, income and expenses. It also explains accounting concepts such as separate entity, money measurement, and accrual basis. Finally, it differentiates between various types of entities (sole proprietorship, partnership, private and public companies) and transactions (cash and credit).
Nigretti Gianmauro: Jordan 2016 - Corporate and Tax HighlightsGianmauro Nigretti
This document provides information about forms of business organizations and taxation requirements in Jordan. It outlines 14 different types of business entities that can be formed, including general partnerships, limited partnerships, limited liability companies, and public shareholding companies. It also summarizes Jordan's corporate and individual income tax rates, VAT rate, and double taxation treaties.
Limited liability partnership gowtam bhatSVS College
seminar paper presented by Gowtam Bhat, a student of II year B.Com of SVS College, Bantwal, Karnataka under the auspices of Commerce Association-focus is on LLP in India
The document discusses various forms of business ownership including sole proprietorships, partnerships, and corporations. It provides information on the key characteristics of each form of ownership such as limited liability, ease of formation, taxation structure, and control. The presentation evaluates the different forms of ownership based on factors like the nature of the business, capital requirements, and management goals to determine the best structure. It emphasizes that the appropriate form of ownership depends on the entrepreneur's specific situation and goals for the business.
CAF 6 Principles of Taxation (Tax Year 2018)Fawad Hassan
1. The document provides definitions and explanations of key tax-related terms under Pakistan's tax laws, including definitions of different types of taxpayers and entities like companies, associations of persons, and non-profit organizations.
2. It also explains concepts like normal tax years, special tax years, and transitional tax years and the process for changing between these different tax year types.
3. Examples are provided to illustrate indirect taxation concepts like how sales tax is collected from manufacturers at each stage of production and passed on until it is ultimately paid by the final consumer.
This document discusses the different legal forms of business organization. It outlines six common forms: sole proprietorship, general partnership, limited partnership, limited liability company (LLC), C-corporation, and S-corporation. For each form, it provides a brief description and highlights key characteristics such as ownership structure, liability, tax treatment, and registration requirements. The LLC is described as a hybrid structure that provides both limited liability like a corporation and tax efficiencies and flexibility like a partnership.
The document discusses taxation of Limited Liability Partnerships (LLPs) in India. Key points include:
1. LLPs are taxed like partnerships - they pay a 30% flat tax rate plus education cess on total taxable income.
2. Remuneration to working partners and interest on capital to partners are deductible expenses for the LLP if certain conditions are met.
3. The remuneration and interest received by partners is taxable as business income in their individual tax returns.
The document provides an analysis of key changes in the Union Budget 2013 related to direct taxes, indirect taxes, and service tax. Regarding direct taxes, key changes include deferring GAAR implementation, revising withholding tax rates on royalties and FTS, and imposing surcharges on various incomes above certain thresholds. For indirect taxes, notable changes involve hiking and lowering customs duty rates on certain products. Under service tax, changes include modifying the negative and exemption lists as well as reducing abatement rates for certain services.
If you are considering to expand your business activities in Central and Eastern Europe, Slovakia should be on the top of your destinations list. Thank to its political stability, strategic location, common European currency, competitive taxation system and well-educated and highly skilled workforce Slovakia counts as one of the most attractive country in the region of CEE.
Peru enacted tax reforms in 2017 that increased corporate income tax rates, decreased dividends withholding tax, and extended capital gains exemptions. The corporate tax rate is now 29.5% and various deductions are permitted. Capital gains from stock sales on the Lima exchange are exempt until 2019. Peru also offers a 7% tax amnesty for reinvested income declared from abroad. Transfer pricing rules require documentation for some multinational groups.
The document summarizes investment basics and taxation rules in Venezuela. There are three legal mechanisms for buying and selling foreign currency in Venezuela, with different exchange rates and availability. Companies are subject to corporate income tax on worldwide profits at progressive rates up to 34%. Individuals are subject to personal income tax on worldwide income at progressive rates from 6-34%. Capital gains are generally included as ordinary income for both companies and individuals.
Gianmauro Sherman Nigretti - Austria - corporate and tax highlightsGianmauro Nigretti
Austria has a population of 8.22 million with its capital in Vienna. It has a federal republic political system. Common forms of business organization include sole proprietorships, partnerships (general and limited), GmbH and Co KGs, civil law partnerships, corporations (GmbH and AG), and foundations/trusts. Accounting requires annual financial statements. Large companies and some others require statutory audits. Corporate income tax is 25% and individual income tax ranges from 0-50%. VAT is 20% with some reduced rates. Other taxes include capital transfer, real estate, insurance, and social security taxes.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
2. Legal Forms - Comparison
The most popular legal forms of business in Kazakhstan are as follows:
Limited Liability
Company (LLC)
Joint Stock Company
(JSC)
Simple partnership
(SP)
Sole Proprietorship
Number of owners
Min. 1 owner, either
individual or business
entity
Min. 1 owner, either
individual or business
entity
Min. 2 owners, either
individual or business
entity
1 individual owner
Extent of liability
Owners are not liable
for company’s
obligations and bear
risks to the extent of
their equity
contributions
Owners are not liable
for company’s
obligations and bear
risks to the extent of
their equity
contributions
Participants are jointly
and severally liable for
obligations unless
agreement on joint
activity provides
otherwise
Full personal
ownership, therefore
unlimited liability
Min. paid-up capital
100 monthly index
factors or approx.
$1,000
50,000 monthly index
factors or approx.
$500,000
No requirements No requirements
Availability of
transfer of ownership
or exit opportunities
Allowed only to the
extent of LLC’s
founding documents
Full freedom in
transferring ownership
to third parties
Participant may
transfer its rights and
obligations to a third
party only with the
approval of all other
participants
Not available
Access to capital
markets
Only bank loans,
private placements or
government supported
programs
Full availability of debt
and equity instruments
including placements
on stock exchange
No access to capital
markets, participants
finance fully on their
own
Only bank loans or
government supported
programs
3. Legal Forms - Comparison
Colored are the most preferred legal forms for small investors, business angels, VC and
PE firms, development institutions, etc.:
Limited Liability
Company (LLC)
Joint Stock Company
(JSC)
Simple partnership
(SP)
Sole Proprietorship
Number of owners
Min. 1 owner, either
individual or business
entity
Min. 1 owner, either
individual or business
entity
Min. 2 owners, either
individual or business
entity
1 individual owner
Extent of liability
Owners are not liable
for company’s
obligations and bear
risks to the extent of
their equity
contributions
Owners are not liable
for company’s
obligations and bear
risks to the extent of
their equity
contributions
Participants are jointly
and severally liable for
obligations unless
agreement on joint
activity provides
otherwise
Full personal
ownership, therefore
unlimited liability
Min. paid-up capital
100 monthly index
factors or approx.
$1,000
50,000 monthly index
factors or approx.
$500,000
No requirements No requirements
Availability of
transfer of ownership
or exit opportunities
Allowed only to the
extent of LLC’s
founding documents
Full freedom in
transferring ownership
to third parties
Participant may
transfer its rights and
obligations to a third
party only with the
approval of all other
participants
Not available
Access to capital
markets
Only bank loans,
private placements or
government supported
programs
Full availability of debt
and equity instruments
including placements
on stock exchange
No access to capital
markets, participants
finance fully on their
own
Only bank loans or
government supported
programs
4. Legal Forms - Comparison
Colored are the most preferred legal forms for investment banks, PE firms, strategic
investors, large institutions etc.:
Limited Liability
Company (LLC)
Joint Stock
Company (JSC)
Simple partnership
(SP)
Sole Proprietorship
Number of owners
Min. 1 owner, either
individual or business
entity
Min. 1 owner, either
individual or business
entity
Min. 2 owners, either
individual or business
entity
1 individual owner
Extent of liability
Owners are not liable
for company’s
obligations and bear
risks to the extent of
their equity
contributions
Owners are not liable
for company’s
obligations and bear
risks to the extent of
their equity
contributions
Participants are jointly
and severally liable
for obligations unless
agreement on joint
activity provides
otherwise
Full personal
ownership, therefore
unlimited liability
Min. paid-up capital
100 monthly index
factors or approx.
$1,000
50,000 monthly index
factors or approx.
$500,000
No requirements No requirements
Availability of
transfer of
ownership or exit
opportunities
Allowed only to the
extent of LLC’s
founding documents
Full freedom in
transferring
ownership to third
parties
Participant may
transfer its rights and
obligations to a third
party only with the
approval of all other
participants
Not available
Access to capital
markets
Only bank loans,
private placements or
government
supported programs
Full availability of
debt and equity
instruments including
placements on stock
exchange
No access to capital
markets, participants
finance fully on their
own
Only bank loans or
government
supported programs
5. Kazakhstan taxation highlights for 2014
Source: Deloitte Touche Tohmatsu Limited.
Corporate Taxation:
Residence - registered in Kazakhstan or
permanent establishment (PE) location in
Kazakhstan;
Basis - Residents are taxed on worldwide
income. Nonresidents are generally taxed only
on Kazakhstan-sourced income.
Taxation of dividends - Dividends received
(except from risk investment funds) are
effectively exempt from income taxation.
Capital gains - Capital gains are treated as
normal income and taxed at the standard tax
rate.
Rate - The main corporate income tax rate of
20% applies to domestic and foreign
companies.
Withholding Taxes:
Dividends, Interest and Royalties - A
withholding tax of 15% is levied on dividends,
interest and royalties paid to nonresidents
without a PE in Kazakhstan.
A 20% tax rate applies to dividends, interest
and royalties paid to nonresidents registered in
tax haven jurisdiction.
Technical service fees - Same as royalties
stated above. However, if the service is
regarded as income of a nonresident from the
provision of general technical services, rather
than as royalty, then a 20% tax rate is applied.
For payments to nonresidents registered in tax
haven jurisdictions rules are similar to
royalties.
Value Added Tax:
Taxable transactions - VAT is levied on
supply of goods and services and imports.
Rate - 12%. Certain exemptions exist for
exports and financial transactions.
Registration - Compulsory for entities whose
turnover exceeds KZT 55,560,000 in a
calendar year period.
Filing - Payment is due by the 25th day of the
month following the reporting quarter. Should
be reported by the 15th day of the second
month following the reporting quarter.
Other taxes:
Payroll tax - 11% rate of social tax is applied
to employee’s gross salary (both local and
foreign).
As tax agents, employers must withhold and
remit a 10% individual income tax and
obligatory pension fund contributions on behalf
of employees. Contributions are equal to 10%
of monthly salary with a cap of KZT 149,745
per month.
Social security - Employer must pay social
security contributions at a rate of 5% (with an
income cap of KZT 199,660) in addition to
local employee’s salaries.
Real property tax - Property tax is levied on
immovable property located in Kazakhstan at
progressive rates of 0.1% to 1.5%, depending
on taxpayer’s activities.
Stamp duty - No standalone stamp duty
regime exists.
Transfer tax - No.
Capital duty - No.
Administration and Compliance:
Tax year - Calendar year.
Consolidated returns - Consolidated returns
are not permitted. Each company must file a
separate return.
Filing requirements - The corporate income
tax return is due by March 31 of the year
following the reporting year.
Penalties - Penalties are assessed at 2.5
times the official refinancing rate established
by the national bank for each day of delay.
6. Kazakhstan incorporation guide
Source: Doing Business in Kazakhstan, 2014
Basic Incorporation Procedure:
* - Time to complete can last longer depending on how fast you submit required documents.
** - Add consulting costs if you’re hiring a legal consultant (approx. $1,000 to $10,000 depending on a consultant,
chosen legal structure and business).
In case if you decide to change your legal structure, time completed and associated costs can be different
depending on your activities, audit requirements, obligations, etc.
No. Procedure
Time to
complete*
Associated costs**
1 Pay registration fee into the account of the Ministry of Justice 1 day no charge
2
State registration of legal entity and tax registration at the Public
Registration Center
7 days KZT 3,462
3 Make a company seal 1 day KZT 2,000 - KZT 4,500
4
Notarize certificate of state registration and other post-registration
documents
1 day 10% MIF per page
5 Open the current account in the bank 1 day no charge
6
Register for the obligatory insurance of life and health for
employees
1 day no charge
7. For further reference:
1. Doing Business in Kazakhstan, 2014. URL:
http://www.doingbusiness.org/data/exploreeconomies/kazakhstan
2. Kazakhstan Tax and Investment Highlights 2014, Deloitte. URL:
http://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-
kazakhstanhighlights-2014.pdf
3. Doing Business in Kazakhstan: An Introductory Guide to Tax and Legal
Issues, Ernst&Young. URL:
http://invest.gov.kz/upload/docs/en/fe7b5ae9e350a23a97174ac289889332.pdf
4. Investment Guide, KPMG. URL:
https://www.kpmg.com/KZ/en/IssuesAndInsights/ArticlesAndPublications/Documents
/Investment%20guide.pdf
8. • Created by Gaziz Seilkhanov, Berik Dossayev
• Inspired by Start Ups and Venture Capital lecture by
Gunter Festel, ETH Zurich, Spring 2012