As with previous years, our tax experts have prepared a comprehensive yet brief overview of taxation in Hungary.
Our material shall provide you with the necessary information about Hungarian business environment and its statutory framework, therefore we encourage you to pay close attention.
ADIT Course - Advance Diploma in International Taxation Taxmann
Do you want a professional qualification in International tax - The Global Standard In International Taxation - Advanced Diploma in International Taxation (‘ADIT’) is offered by the Chartered Institute of Taxation (‘CIOT’) – which is the leading U.K. body for Tax Advisers, providing professional standards and guidance.
ADIT is an advanced specialist qualification in international cross-border taxation and provides the global benchmark for practitioners of international corporate taxation, regardless of industry or location. For more information about this course click here: https://www.taxmann.com/bookstore/adit.aspx
UK government massive earning includes Personal income tax, a substantial amount of national insurance contribution, Limited company for contractors, value-added tax (VAT) and from the corporation tax.
The Portuguese non-habitual tax resident regime is granted to individuals who become resident for tax purposes in Portugal. This regime may grant an exemption on certain foreign source income as well as a 20% tax rate on employment and self-employment income deriving from high value added activities during 10 years. It targets non-resident individuals who are likely to establish residence in Portugal. View a few standard case studies on this RPBA’s infographic.
The unstable performance of global equity markets in the final quarter of the year pushed Varma’s investment returns for the full year into negative territory. At year-end, the market value of Varma’s investments stood at EUR 44.0 (45.4) billion. Efficiency improved further to an all-time record high. Varma used 60% (67%) of the insurance contributions meant for operating expenses.
Real estate, as an immovable factor, tends to be overtaxed in most countries and Portugal is no exception. Tax structuring and optimizing is crucial to minimize total acquisition costs and maximize investment returns.
RPBA’s updated presentation deals with this challenging topic incorporating the latest developments, including tax incentives on rehabilitation, the OECD Multilateral Instrument rules on “real estate rich” companies and also the brand new SIGI company (the Portuguese equivalent of the REIT – Real Estate Investment Trust).
The Portuguese Golden Visa is a special residence permit for investors which enables non-EU individuals to become resident in Portugal and move freely within the Schengen Zone. Please take a look at RPBA's detailed and updated presentation.
The Relocation Expert Guide details the complexities of acquiring the correct visas – both for permanent residence and for overseas business excursions. The guide also outlines the key components to regulation, including a pertinent case study with a Canadian employer entering the German labour market. Featured regions are: United Kingdom, Germany, Switzerland, the Netherlands, Spain, Norway, Australia, United States, Africa and the Middle East.
Recently, there have been some developments in Portugal’s non-habitual resident tax regime.
Among others, an amendment to the list of High Value-Added Activities was published and a General Ruling changed the procedure to acknowledge the activities regarded as High Value-Added.
In this newsletter we highlight these changes and share our insights.
Contact us should you require personalised advice on these matters.
The Portuguese Personal Income Taxation of Non-Portuguese Investment Fund (IF) distributions, in particular under the OECD Model Tax Convention on Income and on Capital (OECD-MC) and the Portuguese Non-habitual tax resident (NHR) regime, is a complex topic, namely due to the diversity of legal and tax status among IFs. RPBA’s Infographic provides a step-by-step questionnaire for an accurate and full analysis of the matter.
Key Takeaways:
- Demography and Business Environment of Senegal
- Procedures relating to Setting up Business
- Regulations and Reforms
- Business Structures and Tax Incentives
- Relevant Numbers
As with previous years, our tax experts have prepared a comprehensive yet brief overview of taxation in Hungary.
Our material shall provide you with the necessary information about Hungarian business environment and its statutory framework, therefore we encourage you to pay close attention.
ADIT Course - Advance Diploma in International Taxation Taxmann
Do you want a professional qualification in International tax - The Global Standard In International Taxation - Advanced Diploma in International Taxation (‘ADIT’) is offered by the Chartered Institute of Taxation (‘CIOT’) – which is the leading U.K. body for Tax Advisers, providing professional standards and guidance.
ADIT is an advanced specialist qualification in international cross-border taxation and provides the global benchmark for practitioners of international corporate taxation, regardless of industry or location. For more information about this course click here: https://www.taxmann.com/bookstore/adit.aspx
UK government massive earning includes Personal income tax, a substantial amount of national insurance contribution, Limited company for contractors, value-added tax (VAT) and from the corporation tax.
The Portuguese non-habitual tax resident regime is granted to individuals who become resident for tax purposes in Portugal. This regime may grant an exemption on certain foreign source income as well as a 20% tax rate on employment and self-employment income deriving from high value added activities during 10 years. It targets non-resident individuals who are likely to establish residence in Portugal. View a few standard case studies on this RPBA’s infographic.
The unstable performance of global equity markets in the final quarter of the year pushed Varma’s investment returns for the full year into negative territory. At year-end, the market value of Varma’s investments stood at EUR 44.0 (45.4) billion. Efficiency improved further to an all-time record high. Varma used 60% (67%) of the insurance contributions meant for operating expenses.
Real estate, as an immovable factor, tends to be overtaxed in most countries and Portugal is no exception. Tax structuring and optimizing is crucial to minimize total acquisition costs and maximize investment returns.
RPBA’s updated presentation deals with this challenging topic incorporating the latest developments, including tax incentives on rehabilitation, the OECD Multilateral Instrument rules on “real estate rich” companies and also the brand new SIGI company (the Portuguese equivalent of the REIT – Real Estate Investment Trust).
The Portuguese Golden Visa is a special residence permit for investors which enables non-EU individuals to become resident in Portugal and move freely within the Schengen Zone. Please take a look at RPBA's detailed and updated presentation.
The Relocation Expert Guide details the complexities of acquiring the correct visas – both for permanent residence and for overseas business excursions. The guide also outlines the key components to regulation, including a pertinent case study with a Canadian employer entering the German labour market. Featured regions are: United Kingdom, Germany, Switzerland, the Netherlands, Spain, Norway, Australia, United States, Africa and the Middle East.
Recently, there have been some developments in Portugal’s non-habitual resident tax regime.
Among others, an amendment to the list of High Value-Added Activities was published and a General Ruling changed the procedure to acknowledge the activities regarded as High Value-Added.
In this newsletter we highlight these changes and share our insights.
Contact us should you require personalised advice on these matters.
The Portuguese Personal Income Taxation of Non-Portuguese Investment Fund (IF) distributions, in particular under the OECD Model Tax Convention on Income and on Capital (OECD-MC) and the Portuguese Non-habitual tax resident (NHR) regime, is a complex topic, namely due to the diversity of legal and tax status among IFs. RPBA’s Infographic provides a step-by-step questionnaire for an accurate and full analysis of the matter.
Key Takeaways:
- Demography and Business Environment of Senegal
- Procedures relating to Setting up Business
- Regulations and Reforms
- Business Structures and Tax Incentives
- Relevant Numbers
My Name K.Yesu Babu Setty. I'm studying PGDM / MBA in ISTTM - Engineering staff college of India, Hyderabad.This is the brief introduction about the country France and its culture,language everything. An over view about the France and its capital paris.
France - Intercultural Management - William BelleWilliam Belle
Intercultural Management Class:
French's culture
1 Welcome to France: a short overview
1.1 Marseille
1.2 What are the French good at??
1.3 What are the French bad at??
2 Hofstede's values
3 How to do business in France
4 Basics
5 Wine tasting – How to taste a wine?
By:
William Belle - 2013
International Marketing Student
http://www.linkedin.com/in/bellewilliam
Euromed Management
International Indirect Tax survival in a global supply chain Alex Baulf
The profitability of a business is directly impacted by how its supply chain makes and delivers goods, as well as by how that supply chain is structured to minimize trade and tax expenses
Economic and technical developments drive change for businesses. As a business moves through its own life cycle ,the supply chain will also evolve, as procurement, manufacturing and distribution strategies change.
The pace of change in the international tax environment is accelerating, as governments and tax administrations get to grips with BEPS. These developments will require businesses to react on a strategic and organisational level.
Such changes invariably have an impact on VAT/GST and customs obligations. As the business reacts to changes in the external environment, it needs to revisit the design and operation of the supply chain at transaction level.
This thought leadership from Grant Thornton explores both the indirect tax supply chain life cycle and the challenges, risks and opportunities at every stage within the supply chain.
Our Spring Tax Update will be taking place across the region between the 8th and 10th March 2017.
The update will include the following:
•An update on the latest HMRC consultations
•Analysis of the tax announcements in the 2017 Budget
•A review of the current property tax environment
•The latest on Making Tax Digital and interaction with cloud accounting
Guide "Make a French Start" : The French tax systemNicolas Ribollet
Guide "Make a French Start" : The French tax system
Mazars and Business France combined their expertise to help foreign investors and entrepreneurs who want to settle in France. Mazars has created practical guides that we hope will provide you with valuable insight to launch and grow your business in France.
The interaction between the extensive Portuguese Corporate Income Tax Reform of 2014 with the regime of the International Business Center of Madeira or Madeira Free Zone provides many interesting tax planning opportunities, namely an effective general Corporate Income Tax rate of 5% or a specific effective rate of 0,75% for certain Intellectual Property income. RPBA has fully updated its extensive presentation on this subject.
Fiscalité spécifique : l’évaluation des dispositifs fiscaux imposés aux opérateurs télécoms des 6 pays de l’étude fait apparaître 4 grands enseignements pour le cas de la France :
La France a le niveau le plus élevé de taxes spécifiques au secteur des télécoms, avec 2,98% du chiffre d’affaires total des opérateurs en 2011 (x40 vs Grande-Bretagne)
En France et en Espagne, le secteur des télécoms est un fort contributeur au financement des industries culturelles (cinéma, TV,…) et des collectivités territoriales
Les taxes télécoms représentent 20% des investissements réalisés par les opérateurs télécoms français en 2011
Le taux de fiscalité spécifique et la détérioration des flux de trésorerie des opérateurs français débouchent sur un accroissement de la pression fiscale, critique pour la pérennité des capacités d’investissement des opérateurs et de contribution au financement de la culture
Slides from IBSA Webinar - Double Tax Treaties: Asia & Europe which took place on 18 September 2014, presented by John Timpany of KPMG China and Roy Saunders of IFS Consultants. To view the webinar on demand, please visit our Bright Talk Channel at https://www.brighttalk.com/channel/11641
International Business plays a crucial role in the economic development of a nation as it leads to industrialization, employment and reduction of scarcity of consumer goods. Our share of world trade has significantly increased over the years. At present, International Business opportunity in India exists in areas like IT, Telecom, R&D, Infrastructure, Retailing, etc. Sectors like health, education, housing, water resources, SMEs are untapped and offer huge scope.
Following approval of the State Budget for 2014 by the Portuguese Assembly of the Republic and the reform of the corporate income tax, various changes have been made to the Portuguese tax regime, some of them of relevance to the International Business Centre of Madeira (IBCM). This presentation highlights the most relevant changes and its impact on the Madeira tax regime. Updated: January 30, 2014.
Barometer 2016: Social and economic performance of French digital business st...EY
The fifth edition of this annual barometer, realized in collaboration with France Digitale, presents the social and economic performance of French digital business start-up financed by venture capitalists.
More information on : ey.com/FR/FranceDigitale
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
1. DOING BUSINESS IN FRANCE &
TRADE OF FRANCE WITH WORLD
Presented By Group 8
Pawan Jangid
Shivam Gautam
Shrema Garg
Vishal Sharma
Atul Pandey
Vivek Kapoor
2. Content
• France : Profile
• Foreign Trade
• Foreign Trade Statistics
• Doing Business Report
• Global Ranking
• Procedure of Starting Business
• Favorable Environment
• Corporate Taxes
• Labour Laws
• Government Support
• Conclusion
3. France : Profile
•Name : France
•Capital : Paris
•Official Language : French
•Population : 62 Million(2008)
•Literacy rate : 99 %
•Currency : Euro
•Main Manufacturing Industry : steel,
chemicals, textiles, perfumes, aircraft,
machinery, electronics
•GDP : 2.83 trillion US $(2008)
•GDP Per Capita : 32700 US $(2008)
4. France : Foreign Trade
• Export driven Economy
• Rank in World Trade(2008)
– Export
• Merchandise : 6
• Commercial Services : 4
– Imports
• Merchandise : 5
• Commercial Services : 6
• GDP to Trade Ratio : 55% (2008)
5. Foreign Trade Statistics
• Merchandise Trade(2008)
– Exports : 605403 Million US $ (FOB)
– Share in Worlds Total Exports : 3.77 %
– Export Countries
– Imports : 705577 Million US $ (CIF)
– Share in World Imports : 4.3 %
– Import Countries
EU (27 Countries) 63.6%
US 5.9%
Switzerland 3.0%
EU(27 Countries) 60.3 %
China 6.6 %
US 5.5 %
6. Foreign Trade Statistics
• Commercial Service Trade(2008)
– Exports : 160464 Million US $
– Share in World Exports : 4.25 %
– Percentage change over 2007 : 9 %
– Imports : 139359 Million US $
– Share in World Imports : 3.99 %
– Percentage change over 2007 : 11 %
8. Why France ?
• Worlds 5 largest Economy.
• Economy Driven By Foreign Trade.
• Highly Skilled Workforce.
• Business Friendly Environment.
• Access to European Market.
• Highly Developed Infrastructure.
• Lowest Setup Cost of Business
10. Doing Business Report
• France Ranking in Doing Business Report
Criteria 2010 2009
Ease of Doing Business 31 31
Starting a Business 22 14
Dealing with Construction 17 16
Employing Workers 155 153
Registering Property 159 170
Getting Credit 41 43
Paying Taxes 59 55
Trading Across Border 25 22
Enforcing Contract 6 8
Closing Business 42 42
11. Procedures For Starting
New Business
1. Check name for uniqueness with the Institute
National de la Propriété Industrielle (INPI)
2. Deposit the initial capital
3. Publish a notice of incorporation of the company
4. File a request for a company’s registration with
the Centre de Formalités des Entreprises (CFE)
5. Buy company books (minute books, inventory
books, ledgers). Have company books stamped
and initialed by the clerk of the commercial
court
13. Favorable Environment
• Second Largest in FDI inflow in world.
• In 2008 117.5 Billion US $ FDI.
• Highest FDI Inflow in Europe is in France(2008).
• Currently Around 23000 Foreign companies
working in France.
• Highly Productive Workforce.
• Ranked 3 in Productivity Per Hour.
• France is ranked 3rd in Europe for the percentage
of young people (25-to-34-year-olds) holding a
degree in tertiary education.
14. Corporate Taxes
• Taxable business income is calculated by deducting
eligible expenses from revenue.
• Deductible expenses are those related to the company’s
business.
• Excluding temporary additional taxes, the following tax
rates are applied
– Standard rate of 33.33%.
– Small businesses pay 15% on the first € 38,120 and the
standard rate on remaining profits.
– An additional social-security levy of 3.3% is applied to
companies where income taxable at the standard rate
exceeds € 2,289,000.
• Losses can be carry Forwarded and Carry backed.
15. Corporate Taxes
• Value Added Tax at 19.6 % uniformly.
• Vat for Food & Certain Agri. Product is 5.5 %.
• Medicines 5.5 % or 2.1 %.
• Property Taxes Companies are subject to property
tax on the rental value of land and buildings.
• Local Taxes are Calculated on the Base of Land &
Building which is half of 8 % of Base Value.
• Local Taxes Rates Decided by Local Authorities.
16. Tax Incentives In France
• There are no duties when registering
newly formed companies.
• Tax exemption on Dividend received
from Subsidiaries.
• Exemption on Capital Gains generated
by Equity Share Transfers.
• Acquisition cost and Interest payments
can be Deducted.
17. Labour Laws
• Freely Negotiated Labour Contract.
• Simple hiring procedures that may also be
completed online.
• Layoffs on personal or economic grounds.
• 35-hour week: greater flexibility since
2003.
• Retirement at 60.
• Staggering paid leave of five weeks.
• The social security system.
18. Government Support
• For setting up in Economically Backward Areas
– By Government & Regional Authorities.
– Subsidies, Tax Exemptions, Tax Credit.
– for the period from 2007 to 2013, the limit on
assistance ranges from 10 to 15% of the
investment for large business and from 20 to 35%
for SMEs.
– In High Unemployment Areas Tax Exemption of
Corporate Taxes can be granted for 7 Years.
19. Government Support
• Outside the Economically Backward Area For
Small Size Business 15 %, Medium size 7.5%
subsidy.
• For Research firms Govt. provide Research Tax
Credit(first year 50%, Second year 40%, Third Year
onwards 30%)
• Subsidies may cover a portion of R&D expenditure
• Up to 30% Expenditure can be covered by Govt.
for meeting the EU Environment norms.
21. Conclusion
• France is the logical choice, with its location at the
heart of the EU.
• Second Highest in FDI inflow.
• 23,000 foreign companies already in France.
• Qualified and highly productive labor force,
unparalleled infrastructure, and low business setup,
real estate and electricity costs.
• No. 1 in Nuclear Energy Production.
