Hong Kong Tax Express 202005
•
0 likes•143 views
The document summarizes key deadlines for filing 2019/20 Hong Kong profits tax returns. The extended deadlines are June 30, 2020 for accounting periods from April 1 to November 30, 2019, August 17, 2020 for periods from December 1, 2019 to December 31, 2019, and November 16, 2020 for periods from January 1 to March 31, 2020. Newly registered businesses generally receive their first return 18 months after incorporation. Continuing businesses will have returns issued on April 1 each year, except in 2020 when it is postponed to May 4 due to COVID-19. Businesses not previously assessed as liable to tax must notify authorities within 4 months if they become chargeable.
Report
Share
Report
Share
Download to read offline
Recommended
Back to basics for small businesses
It is mandatory for a person to register for VAT if the taxable supplies made or to be made is, in excess of R1 million in any consecutive twelve-month period.
Singapore Personal Income Tax
This document summarizes key information about personal income tax in Singapore, including:
1) It outlines whether individuals are considered tax residents or non-residents and the different tax rates that apply.
2) It provides the tax rates for resident individuals based on total income amounts.
3) It states the tax rates for non-resident individuals for employment income and other types of income.
4) It describes tax exemptions for foreign-sourced income received in Singapore and tax deductions for donations.
Guideline on creating VAT invoices in UAE
Under UAE VAT legislation, detailed tax invoices are to be issued by VAT-registrants for assessable goods or services supplied to other VAT-registered businesses. This is provided that the provisions surpass Dhs10,000. A detailed VAT invoice is often for merchants and wholesalers managing higher amounts of taxable supplies.
A VAT invoice in the UAE must contain this information in English/Arabic:
A unique invoice number (sequential, for identification purposes)
The date on which a tax invoice was issued, plus the date of supply (if they’re different)
Legal name, tax registration number, and address of the taxable person
Legal name, tax identification number, and address of the customer
Description, quantity, and type of sold goods or description of provided services
To unite price for goods/services goods, excluding the VAT charge
Rebates or discounts provided (not added in good/service’s unit price)
Total VAT amount payable (must be in AED)
Method for calculating the profit margin
Method for calculating VAT (standard, exemption, or zero rates)
The label “Tax Invoice” presented visibly on the tax document
Pendulum of VAT on imported services - Nigeria
The Federal High Court, Lagos ("FHC") has revoked the decision of the Tax Appeal Tribunal ("TAT") in Gazprom Oil and Gas Nigeria Limited (Gazprom) v. Federal Inland Revenue Service (FIRS) relating to services which Gazprom received from a non-resident company. In Nigeria, the interpretation of destination and source principles of international taxation keeps swinging. Will there ever be an end?
Vat registration formalities in uae
HLB HAMT has a dedicated desk comprising of experienced tax consultants, for assisting new and existing registrants to fulfil UAE VAT administrative formalities related to VAT Registration, Deregistration and Group Amendments in UAE.
The complete guide to becoming self employed
If you begin a start-up business or decide to do some extra work on your own you can consider yourself a self-employed person. It is important you learn about the process of registering for self-employment, so we gathered the essential information to get you started. For more info visit: https://wemoveon.pro/self-employed
Direct tax vivaad se vishwas scheme
Vivaad Se vishwas scheme has been introduced by Government of India to provide one time opportunity for settlement of pending litigation by paying the basic tax amount and complete waiver of interest and penalty.
Documents required for the registration of vat
Businesses in UAE have to register under the UAE VAT regime as per the country’s Federal Tax Authority or FTA criteria. It’s mandatory for local businesses to undergo the whole process of VAT registration in UAE when the annual turnover reaches AED375,000. If you believe your annual taxable turnover will exceed the mandatory VAT registration threshold in the next thirty days, you can proceed with the registration process. Voluntary VAT registration is possible for businesses with an annual turnover of at least AED187,500.
As per UAE VAT Executive Regulations, non-compliance can invite penalties. There will also be the risk of losing legal status and consumer confidence given the incompliance of a business to regulatory policies.
Recommended
Back to basics for small businesses
It is mandatory for a person to register for VAT if the taxable supplies made or to be made is, in excess of R1 million in any consecutive twelve-month period.
Singapore Personal Income Tax
This document summarizes key information about personal income tax in Singapore, including:
1) It outlines whether individuals are considered tax residents or non-residents and the different tax rates that apply.
2) It provides the tax rates for resident individuals based on total income amounts.
3) It states the tax rates for non-resident individuals for employment income and other types of income.
4) It describes tax exemptions for foreign-sourced income received in Singapore and tax deductions for donations.
Guideline on creating VAT invoices in UAE
Under UAE VAT legislation, detailed tax invoices are to be issued by VAT-registrants for assessable goods or services supplied to other VAT-registered businesses. This is provided that the provisions surpass Dhs10,000. A detailed VAT invoice is often for merchants and wholesalers managing higher amounts of taxable supplies.
A VAT invoice in the UAE must contain this information in English/Arabic:
A unique invoice number (sequential, for identification purposes)
The date on which a tax invoice was issued, plus the date of supply (if they’re different)
Legal name, tax registration number, and address of the taxable person
Legal name, tax identification number, and address of the customer
Description, quantity, and type of sold goods or description of provided services
To unite price for goods/services goods, excluding the VAT charge
Rebates or discounts provided (not added in good/service’s unit price)
Total VAT amount payable (must be in AED)
Method for calculating the profit margin
Method for calculating VAT (standard, exemption, or zero rates)
The label “Tax Invoice” presented visibly on the tax document
Pendulum of VAT on imported services - Nigeria
The Federal High Court, Lagos ("FHC") has revoked the decision of the Tax Appeal Tribunal ("TAT") in Gazprom Oil and Gas Nigeria Limited (Gazprom) v. Federal Inland Revenue Service (FIRS) relating to services which Gazprom received from a non-resident company. In Nigeria, the interpretation of destination and source principles of international taxation keeps swinging. Will there ever be an end?
Vat registration formalities in uae
HLB HAMT has a dedicated desk comprising of experienced tax consultants, for assisting new and existing registrants to fulfil UAE VAT administrative formalities related to VAT Registration, Deregistration and Group Amendments in UAE.
The complete guide to becoming self employed
If you begin a start-up business or decide to do some extra work on your own you can consider yourself a self-employed person. It is important you learn about the process of registering for self-employment, so we gathered the essential information to get you started. For more info visit: https://wemoveon.pro/self-employed
Direct tax vivaad se vishwas scheme
Vivaad Se vishwas scheme has been introduced by Government of India to provide one time opportunity for settlement of pending litigation by paying the basic tax amount and complete waiver of interest and penalty.
Documents required for the registration of vat
Businesses in UAE have to register under the UAE VAT regime as per the country’s Federal Tax Authority or FTA criteria. It’s mandatory for local businesses to undergo the whole process of VAT registration in UAE when the annual turnover reaches AED375,000. If you believe your annual taxable turnover will exceed the mandatory VAT registration threshold in the next thirty days, you can proceed with the registration process. Voluntary VAT registration is possible for businesses with an annual turnover of at least AED187,500.
As per UAE VAT Executive Regulations, non-compliance can invite penalties. There will also be the risk of losing legal status and consumer confidence given the incompliance of a business to regulatory policies.
4 financial tasks that need to be done by the end of June. Have you?
Four important financial tasks that need to be completed by June 30th include: finalizing tax-saving investments for the 2019-20 fiscal year to claim deductions; filing belated income tax returns for fiscal year 2018-19 which have an extended due date of June 30th; keeping small savings schemes like PPF active by meeting minimum investment requirements by June 30th; and linking Aadhar cards to PAN numbers by June 30th or PAN numbers will become inoperative.
Filing of individual returns
All individuals, partnerships and companies with year ending 31st December who have income tax are required to file returns before 30th June
Taxation in Hong Kong
Hong Kong has a territorial tax system that generally only taxes income sourced in Hong Kong. Corporate profits tax is levied at 16.5% for income earned or derived from business carried out in Hong Kong. Dividends are exempt from profits tax and Hong Kong does not levy withholding taxes on interest. Royalties paid to non-residents are subject to a 4.95% effective tax rate if related to intangibles used in Hong Kong. Capital gains are not taxable unless the disposal constitutes a business transaction. Personal income is taxed progressively up to 17% and Hong Kong does not have a VAT or wealth tax.
Identification for VAT purposes
The document outlines the process for foreign legal entities to obtain a VAT identification number in Slovenia in order to conduct business activities there. It involves:
1) Obtaining a tax number by registering with the tax authority and appointing a tax representative if from a non-EU country.
2) Applying for a VAT identification number through the eTax system by submitting documents proving their foreign legal status and intended business activities in Slovenia.
3) The tax authority will issue the VAT number within 8 days or by the date the applicant plans to make taxable supplies in Slovenia, allowing them to charge VAT and fulfill VAT obligations.
Itp exam-preparation-guide
The document is an ITP Examination preparation guide that provides definitions of key income tax terms such as assessee, person, perquisite, assessment year, and income year. It also outlines the income tax rates for individuals and companies, the heads of income, roles of a company manager regarding tax, and rules around tax identification numbers (TIN), setting off losses, and advance tax payments. The guide is intended to help readers prepare for the ITP Examination by explaining important income tax concepts in Bangladeshi law.
Minimum Tax
The rate of the Minimum Tax is 1% of the gross turnover of the taxable person effective 1st January 2021.
Countrycomparison
The document provides a comparison of taxes, permits, and regulations for founding a travel agency company across several European countries. Some key points included:
- Taxes vary by country but generally include value-added tax (VAT) of 6-25%, corporate/business taxes of 19-45%, and sales or other indirect taxes.
- Required permits and licenses to operate a travel agency include business licenses, commercial registration, minimum capital requirements ranging from €8,000-€35,000.
- Regulations for employees include standard work hours, annual leave entitlements, mandatory insurances, and employment contract terms that differ by country.
- Costs of operating a business include rent, advertising,
Vat Registration Procedure - Guide
The document explains VAT registration procedure in UAE in detail and what things are required by business houses for getting registered for VAT.
Lesson 16 advanced tax
This document discusses advance tax in India. Advance tax must be paid if tax liability is Rs. 5,000 or more. It is paid in installments throughout the previous year by both corporate and non-corporate assessees. For non-corporate assessees, installments are due on September 15, December 15, and March 15. For corporate assessees, installments are due on June 15, September 15, December 15, and March 15. Advance tax aims to collect tax revenue earlier and is also known as the "pay as you earn" scheme since tax is paid as income is earned in the previous year.
BIR FORM 1701
This document provides information about BIR Form 1701-A, the income tax return form that must be filed in the Philippines. It discusses who must file the form based on income thresholds for different filing statuses. It also outlines when and where the form must be filed each year, noting it is due by April 15 to the local Revenue District Officer. The document explains what factors like exemptions, deductions, and the nature of income affect the tax computation. It defines gross compensation income and gross income for tax purposes.
Value Added Tax (VAT)
VAT is an indirect tax paid by consumers on taxable goods and services supplied in or imported into Kenya. VAT registered persons collect VAT and act as agents of the government. Importers pay VAT on imported services. Businesses must register for VAT if their taxable supplies exceed 5 million KSH annually or they can voluntarily register. Registered persons must charge VAT from their registration date. VAT works as an input-output tax system, with output tax on sales and input tax on purchases and expenses, and tax payable is the difference. Standard VAT rate is 14% with some supplies rated at 0% or exempt.
Faq on income tax.-general.bose
This document contains frequently asked questions about income tax in India. It discusses key concepts like assessment year versus financial year, who is liable to pay income tax, and whether it is compulsory to obtain and quote a Permanent Account Number (PAN). Some key points covered are:
1) The financial year is from April 1 to March 31, while the assessment year is the following year when income of the financial year is assessed.
2) Income tax must be paid through authorized banks using a prescribed challan form.
3) Individuals, HUFs, companies, firms, AOPs, local authorities and more can be liable to pay income tax if their income is taxable.
Christain Business Conference Presentation by Akhile Ncube
To register a company in South Africa, certain requirements must be met including providing four preferred company names, physical addresses and identity documents for all directors who must be over 18. Registered companies must submit annual returns and financial statements to declare income and maintain compliance. There are different types of companies like sole proprietorships, private companies and partnerships. The registration process takes approximately 2 to 7 days. After registering, companies must comply with income tax, VAT and annual reporting requirements.
Claim Tax Relief For Working From Home Due To COVID-19
Anyone who has worked from home during the pandemic may be eligible for tax relief up to £125 a year even working for one day from home.
Spain: VAT options for November 2017
This VAT Alert sets out possible options for certain Spanish taxpayers to opt to in, in November 2017:
- Immediate Supply of Information on VAT (ISI)
- Special Register to receive monthly VAT refunds
- Deferment of Import VAT payments
2316
This document is a Certificate of Compensation from the Philippine Department of Finance for an employee. It contains information about the employee such as name, address, tax ID number, employer details, compensation income from the employer which is categorized as taxable and non-taxable, exemptions, taxes withheld, and signatures of the employer and employee to certify the accuracy of the compensation details.
Nigretti Gianmauro: Chile 2016 - Corporate and Tax Highlights
Chile provides several options for foreign companies to establish a local presence, including stock corporations, limited liability companies (LLCs), and branches of foreign corporations. Stock corporations require a minimum of two shareholders, while LLCs require a minimum of two partners. Both structures allow for fully foreign ownership. Branches represent the locally registered office of a foreign corporation.
Chilean law requires companies to maintain accounting books and records. Financial statements include a balance sheet, income statement, cash flow statement, and notes. Non-monetary assets must be restated for inflation. Corporations and branches pay corporate income tax of 24% on worldwide income. Individuals pay progressive personal income tax up to 40% on worldwide income after the first
Newletter Machado Associados - Taxation of Capital Gains Earned by Non-residents
The Brazilian tax authority introduced changes to the taxation of capital gains earned by non-residents on the disposal of goods and rights located in Brazil. The changes establish a progressive tax rate on capital gains, ranging from 15% for gains up to 5 million Brazilian reals to 22.5% for gains over 30 million reals. The tax is due by the last business day of the month after the gain is ascertained. If disposal occurs over multiple years, gains are aggregated and prior taxes paid are deducted. For gains earned in 2017 and beyond, the progressive rates apply, replacing the previous flat 15% rate. Resident individuals are also taxed on capital gains using progressive rates since 2017.
ACM NTK Fiscal obligations 2018 madrid
U.S. citizens and resident aliens living in Spain have several tax obligations to both Spain and the United States. They must file a Spanish personal income tax return (Modelo 100) and report foreign assets over 50,000 euros on Form 720. They also must file a U.S. individual tax return (Form 1040) reporting worldwide income but may qualify for the foreign earned income exclusion or foreign tax credit. The U.S. and Spain have a tax treaty addressing double taxation issues for tax residents of both countries.
TDS Prentation By Vaibhav Singh
This document summarizes key provisions related to the Tax Deduction at Source (TDS) scheme in India. It discusses that every deductor must obtain a Tax Deduction Account Number (TAN) to be quoted in all TDS-related correspondence. It also outlines the forms, periodicity, and cut-off dates for filing TDS returns, as well as details about TDS rates, exemption limits, and procedures for obtaining a lower deduction certificate. The document concludes by summarizing provisions related to tax collection at source and penalties for non-compliance.
Guide to Singapore Tax 2016
1. The document provides a quick guide to Singapore corporate and individual tax laws for 2016. It summarizes Singapore's tax residency rules, tax rates, tax returns and assessments processes for both companies and individuals. For companies, the corporate tax rate is 17% and qualifying newly incorporated companies may receive tax exemptions on a portion of their chargeable income for their first three years. For individuals, tax rates are progressive up to 22% for residents and generally 22% for non-residents.
Taxation in Vietnam 2015 2016
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.
More Related Content
What's hot
4 financial tasks that need to be done by the end of June. Have you?
Four important financial tasks that need to be completed by June 30th include: finalizing tax-saving investments for the 2019-20 fiscal year to claim deductions; filing belated income tax returns for fiscal year 2018-19 which have an extended due date of June 30th; keeping small savings schemes like PPF active by meeting minimum investment requirements by June 30th; and linking Aadhar cards to PAN numbers by June 30th or PAN numbers will become inoperative.
Filing of individual returns
All individuals, partnerships and companies with year ending 31st December who have income tax are required to file returns before 30th June
Taxation in Hong Kong
Hong Kong has a territorial tax system that generally only taxes income sourced in Hong Kong. Corporate profits tax is levied at 16.5% for income earned or derived from business carried out in Hong Kong. Dividends are exempt from profits tax and Hong Kong does not levy withholding taxes on interest. Royalties paid to non-residents are subject to a 4.95% effective tax rate if related to intangibles used in Hong Kong. Capital gains are not taxable unless the disposal constitutes a business transaction. Personal income is taxed progressively up to 17% and Hong Kong does not have a VAT or wealth tax.
Identification for VAT purposes
The document outlines the process for foreign legal entities to obtain a VAT identification number in Slovenia in order to conduct business activities there. It involves:
1) Obtaining a tax number by registering with the tax authority and appointing a tax representative if from a non-EU country.
2) Applying for a VAT identification number through the eTax system by submitting documents proving their foreign legal status and intended business activities in Slovenia.
3) The tax authority will issue the VAT number within 8 days or by the date the applicant plans to make taxable supplies in Slovenia, allowing them to charge VAT and fulfill VAT obligations.
Itp exam-preparation-guide
The document is an ITP Examination preparation guide that provides definitions of key income tax terms such as assessee, person, perquisite, assessment year, and income year. It also outlines the income tax rates for individuals and companies, the heads of income, roles of a company manager regarding tax, and rules around tax identification numbers (TIN), setting off losses, and advance tax payments. The guide is intended to help readers prepare for the ITP Examination by explaining important income tax concepts in Bangladeshi law.
Minimum Tax
The rate of the Minimum Tax is 1% of the gross turnover of the taxable person effective 1st January 2021.
Countrycomparison
The document provides a comparison of taxes, permits, and regulations for founding a travel agency company across several European countries. Some key points included:
- Taxes vary by country but generally include value-added tax (VAT) of 6-25%, corporate/business taxes of 19-45%, and sales or other indirect taxes.
- Required permits and licenses to operate a travel agency include business licenses, commercial registration, minimum capital requirements ranging from €8,000-€35,000.
- Regulations for employees include standard work hours, annual leave entitlements, mandatory insurances, and employment contract terms that differ by country.
- Costs of operating a business include rent, advertising,
Vat Registration Procedure - Guide
The document explains VAT registration procedure in UAE in detail and what things are required by business houses for getting registered for VAT.
Lesson 16 advanced tax
This document discusses advance tax in India. Advance tax must be paid if tax liability is Rs. 5,000 or more. It is paid in installments throughout the previous year by both corporate and non-corporate assessees. For non-corporate assessees, installments are due on September 15, December 15, and March 15. For corporate assessees, installments are due on June 15, September 15, December 15, and March 15. Advance tax aims to collect tax revenue earlier and is also known as the "pay as you earn" scheme since tax is paid as income is earned in the previous year.
BIR FORM 1701
This document provides information about BIR Form 1701-A, the income tax return form that must be filed in the Philippines. It discusses who must file the form based on income thresholds for different filing statuses. It also outlines when and where the form must be filed each year, noting it is due by April 15 to the local Revenue District Officer. The document explains what factors like exemptions, deductions, and the nature of income affect the tax computation. It defines gross compensation income and gross income for tax purposes.
Value Added Tax (VAT)
VAT is an indirect tax paid by consumers on taxable goods and services supplied in or imported into Kenya. VAT registered persons collect VAT and act as agents of the government. Importers pay VAT on imported services. Businesses must register for VAT if their taxable supplies exceed 5 million KSH annually or they can voluntarily register. Registered persons must charge VAT from their registration date. VAT works as an input-output tax system, with output tax on sales and input tax on purchases and expenses, and tax payable is the difference. Standard VAT rate is 14% with some supplies rated at 0% or exempt.
Faq on income tax.-general.bose
This document contains frequently asked questions about income tax in India. It discusses key concepts like assessment year versus financial year, who is liable to pay income tax, and whether it is compulsory to obtain and quote a Permanent Account Number (PAN). Some key points covered are:
1) The financial year is from April 1 to March 31, while the assessment year is the following year when income of the financial year is assessed.
2) Income tax must be paid through authorized banks using a prescribed challan form.
3) Individuals, HUFs, companies, firms, AOPs, local authorities and more can be liable to pay income tax if their income is taxable.
Christain Business Conference Presentation by Akhile Ncube
To register a company in South Africa, certain requirements must be met including providing four preferred company names, physical addresses and identity documents for all directors who must be over 18. Registered companies must submit annual returns and financial statements to declare income and maintain compliance. There are different types of companies like sole proprietorships, private companies and partnerships. The registration process takes approximately 2 to 7 days. After registering, companies must comply with income tax, VAT and annual reporting requirements.
Claim Tax Relief For Working From Home Due To COVID-19
Anyone who has worked from home during the pandemic may be eligible for tax relief up to £125 a year even working for one day from home.
Spain: VAT options for November 2017
This VAT Alert sets out possible options for certain Spanish taxpayers to opt to in, in November 2017:
- Immediate Supply of Information on VAT (ISI)
- Special Register to receive monthly VAT refunds
- Deferment of Import VAT payments
2316
This document is a Certificate of Compensation from the Philippine Department of Finance for an employee. It contains information about the employee such as name, address, tax ID number, employer details, compensation income from the employer which is categorized as taxable and non-taxable, exemptions, taxes withheld, and signatures of the employer and employee to certify the accuracy of the compensation details.
Nigretti Gianmauro: Chile 2016 - Corporate and Tax Highlights
Chile provides several options for foreign companies to establish a local presence, including stock corporations, limited liability companies (LLCs), and branches of foreign corporations. Stock corporations require a minimum of two shareholders, while LLCs require a minimum of two partners. Both structures allow for fully foreign ownership. Branches represent the locally registered office of a foreign corporation.
Chilean law requires companies to maintain accounting books and records. Financial statements include a balance sheet, income statement, cash flow statement, and notes. Non-monetary assets must be restated for inflation. Corporations and branches pay corporate income tax of 24% on worldwide income. Individuals pay progressive personal income tax up to 40% on worldwide income after the first
Newletter Machado Associados - Taxation of Capital Gains Earned by Non-residents
The Brazilian tax authority introduced changes to the taxation of capital gains earned by non-residents on the disposal of goods and rights located in Brazil. The changes establish a progressive tax rate on capital gains, ranging from 15% for gains up to 5 million Brazilian reals to 22.5% for gains over 30 million reals. The tax is due by the last business day of the month after the gain is ascertained. If disposal occurs over multiple years, gains are aggregated and prior taxes paid are deducted. For gains earned in 2017 and beyond, the progressive rates apply, replacing the previous flat 15% rate. Resident individuals are also taxed on capital gains using progressive rates since 2017.
ACM NTK Fiscal obligations 2018 madrid
U.S. citizens and resident aliens living in Spain have several tax obligations to both Spain and the United States. They must file a Spanish personal income tax return (Modelo 100) and report foreign assets over 50,000 euros on Form 720. They also must file a U.S. individual tax return (Form 1040) reporting worldwide income but may qualify for the foreign earned income exclusion or foreign tax credit. The U.S. and Spain have a tax treaty addressing double taxation issues for tax residents of both countries.
TDS Prentation By Vaibhav Singh
This document summarizes key provisions related to the Tax Deduction at Source (TDS) scheme in India. It discusses that every deductor must obtain a Tax Deduction Account Number (TAN) to be quoted in all TDS-related correspondence. It also outlines the forms, periodicity, and cut-off dates for filing TDS returns, as well as details about TDS rates, exemption limits, and procedures for obtaining a lower deduction certificate. The document concludes by summarizing provisions related to tax collection at source and penalties for non-compliance.
What's hot (20)
4 financial tasks that need to be done by the end of June. Have you?
4 financial tasks that need to be done by the end of June. Have you?
Christain Business Conference Presentation by Akhile Ncube
Christain Business Conference Presentation by Akhile Ncube
Claim Tax Relief For Working From Home Due To COVID-19
Claim Tax Relief For Working From Home Due To COVID-19
Nigretti Gianmauro: Chile 2016 - Corporate and Tax Highlights
Nigretti Gianmauro: Chile 2016 - Corporate and Tax Highlights
Newletter Machado Associados - Taxation of Capital Gains Earned by Non-residents
Newletter Machado Associados - Taxation of Capital Gains Earned by Non-residents
Similar to Hong Kong Tax Express 202005
Guide to Singapore Tax 2016
1. The document provides a quick guide to Singapore corporate and individual tax laws for 2016. It summarizes Singapore's tax residency rules, tax rates, tax returns and assessments processes for both companies and individuals. For companies, the corporate tax rate is 17% and qualifying newly incorporated companies may receive tax exemptions on a portion of their chargeable income for their first three years. For individuals, tax rates are progressive up to 22% for residents and generally 22% for non-residents.
Taxation in Vietnam 2015 2016
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.
midterm%20tax.pptx
The document discusses key aspects of income taxation in the Philippines including taxation schemes, accounting periods, and reporting requirements. It covers three taxation schemes - final income taxation, capital gains taxation, and regular income taxation. It defines accounting periods as the length of time over which income is measured and reported, and notes that the regular period is 12 months while short periods can be less than 12 months, such as for new/dissolved businesses. It provides details on filing deadlines, generally the 15th day of the fourth month after the close of the taxable year.
Start Your Own Business
Start your own business - overview with useful tips and tax advantage comparison betwiin sole trader and limited company
RHJ Limited Company Brochure
The document provides guidance on setting up and running a limited company. It discusses key steps like company registration, opening a bank account, registering for VAT and corporation tax, and setting up payroll (PAYE). It also covers expenses, insurance, invoicing, deadlines, paying dividends, IR35 rules, and tax returns. Regarding salaries, it recommends paying at least the NIC threshold of £8,060 or the national minimum wage rate of around £13,000 annually.
Taxation in vietnam 2014 2015
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.
Who Needs to File a Tax Return?
Self-Assessment is the system that was created by HM Revenue & Customs (HMRC) to ensure the correct amount of tax is collected for a tax year. You should therefore check each year whether you need to submit a self-assessment tax return.
Nepal Income Tax Provisions for 2013
Tax Fact 2013/14 provides you information on income tax provisions of Nepal applicable for year 2013/14, with a general explanation of income heads, when tax is charged, residence and source concept, Withholding tax rates, and overall tax process.
Peru 2016 - Corporate and Tax Highlights by Gianmauro Nigretti
This document summarizes key information about doing business in Peru, including:
- Common forms of business organization are corporations and closed corporations. Corporations require a minimum of 25% of capital stock be paid and forbid contribution of services.
- Corporate income tax is currently 28% but will decrease to 26% by 2019. Resident companies pay tax on worldwide income.
- Individuals are taxed progressively up to 30% on income exceeding 45 times the annual tax unit. Domiciled individuals pay tax on global income while non-domiciled pay only on Peruvian source income.
- Peru has signed numerous double taxation treaties and is negotiating more. VAT of 18% applies to most goods
VAT Refund User Guide Summary for Business Visitors
The FTA has released a Summary of User Guide for VAT Refund for Visiting Businesses of the UAE. Process of Refund is quite simple and straight forward.
Corporate Income Tax in Singapore
A comprehensive guide to company income tax of Singapore for small businesses. Tax exceptions, time frames and Singapore taxation rules.
Leo Workshop June 2015 (1)
This document summarizes key information from a workshop on tax issues for self-employed individuals and small businesses. It discusses self-assessment requirements, the difference between being a sole trader or limited company, annual tax compliance including filing and payment deadlines, allowable business expenses and deductions, VAT registration thresholds, and tax relief programs like SURE and the Home Renovation Scheme. The workshop covers registration for ROS (Revenue Online Service) to file taxes electronically.
Payroll Webinar: Form 941 for 2020: What you Need to Know
This webinar covers the IRS Form 941 and its accompanying Form Schedule B for 2020. It discusses what is new for the form in 2020 and covers the requirements for completing each form line by line. It includes the filing requirements and tips on reconciling and balancing the two forms.
Form 941 is the link between your payroll records and the IRS tax records. Proper administration of this vital form is critical if you want to avoid IRS Notices and the penalties and interest that accompany them. The Schedule B is also a crucial form for many employers. The IRS demands that the Form 941 and the Schedule B match to the penny…every single time…without fail!
It has always been a requirement that the Forms 941 be reconciled with the Forms W-2 prior to submitting each form. If the employer fails in this reconciliation, the IRS and Social Security Administration can both assess penalties! This reconciliation has become even more critical these past few years.
LLP Annual Compliance PPT FY 2016 17
This document provides guidance on annual compliance requirements for a Limited Liability Partnership (LLP) for the fiscal year 2016-2017.
[1] An LLP must file an annual return with the Registrar of Companies by May 30, 2017 with general information about the LLP. It must also file audited financial statements by October 30, 2017.
[2] An LLP must also file an income tax return by July 31, 2017 and may need to undergo a tax audit if its turnover exceeds 1 crore. It risks penalties for late or non-filing.
[3] The document advises checking incorporation dates to determine applicable requirements and offers assistance with compliance filings to avoid
Vat supplementing summary
The document provides an introduction to VAT in the Kingdom of Bahrain. It discusses which GCC states will introduce VAT and at what rates. It then covers VAT basics such as how VAT works, who is subject to VAT, registration requirements, filing timelines, and the overall VAT cycle. The document also discusses different tax rates and policies including standard rates, zero rates, exemptions. Specific sectors like financial services, healthcare, and construction are addressed. Non-compliance issues like administrative offenses and tax evasion are also mentioned.
Chapter 4 Personal Taxation
This document provides an overview of personal income taxation in Malaysia. It discusses key concepts like chargeable income, taxable income, personal reliefs and deductions, rebates, tax rates, and tax payments. The objectives of tax planning are to maximize the amount kept by the individual and minimize taxes paid. Taxpayers are responsible for accurately reporting their income, maintaining records, and paying taxes owed by the deadline each year. Understanding taxation is important for effective personal financial planning and minimizing the taxes paid.
Can I file ITR for Financial Year 2020-21 after 31stDecember 2021?
Can I file ITR for Financial Year 2020-21 after 31stDecember 2021?Manish Anil Gupta & Co. - A CA firm in Delhi, India
Can I file my ITR for FY 2020-21 after 31stDecember 2021? What is a belated return? What is the penalty for late filing of return?Till when can I file the belated return?Tax due date compliance calendar
This document provides information on various tax due dates in India, including for income tax, service tax, VAT, advance tax, and tax deducted at source (TDS). It also outlines the annual and event-based compliance requirements for limited liability partnerships (LLPs) registered in India.
Guide to Taxation in Hong Kong
If you will consider moving a business to Hong-Kong, you have to do research and check its tax regime. What are the incentives that would attract foreign investment? Are there any tax treaties in place? What is the rate for corporate tax? With this guide, we'll help you understand Hong-kong taxation better.
A Beginners Guide to P11d Forms
Do you receive or pay your staff expenses or benefits in the year to employees or directors?
Then by law, you need to complete and submit a P11d form to HMRC for each employee that has received the benefits and a P11d(b) to summarise the class 1A NIC due.
Find out more in our P11D beginners guide.
For more information about our payroll and tax services, visit the Cardens Accountants and Business Advisors website.
Similar to Hong Kong Tax Express 202005 (20)
Peru 2016 - Corporate and Tax Highlights by Gianmauro Nigretti
Peru 2016 - Corporate and Tax Highlights by Gianmauro Nigretti
VAT Refund User Guide Summary for Business Visitors
VAT Refund User Guide Summary for Business Visitors
Payroll Webinar: Form 941 for 2020: What you Need to Know
Payroll Webinar: Form 941 for 2020: What you Need to Know
Can I file ITR for Financial Year 2020-21 after 31stDecember 2021?
Can I file ITR for Financial Year 2020-21 after 31stDecember 2021?
More from Kenneth Chau & Co.
2024-25 Hong Kong Budget Tax measures Summary
The Financial Secretary of Hong Kong recently gave his 2024-25 Budget Speech. Kenneth Chau & Co. highlighted some of the tax related measures in this summary.
2022-2023 Hong Kong budget
The Financial Secretary of Hong Kong recently gave his 2022-2023 Budget Speech. Kenneth Chau & Co. summarized the tax related measures in the Budget and prepared a Hong Kong Tax Fact Sheet 2022/2023.
Hong Kong budget 2021-2022 Key Measures Summary prepared by Kenneth Chau & Co.
It is a summary of Hong Kong budget 2021-2022 Key Measures prepared by Kenneth Chau & Co. a member firm of MGI Worldwide in Hong Kong. The Financial Secretary of the Hong Kong Special Administrative Region Government, Mr Paul Chan released this 2021-22 Budget on 24 February 2021.
AMLO Compliance
Information Sheets about the Hong Kong Anti-money Laundering Ordinance compliance matters prepared by Kenneth Chau & Co. a member firm of MGI Worldwide, an international accounting firms network.
Hong Kong Anti-epidemic Fund
Kenneth Chau & Co.
Hong Kong Government announced Anti-epidemic Fund measures to provide assistance to the sectors and members of the public affected by the COVID-19 outbreak.
Hong Kong Tax Facts Sheet 2020-2021
Kenneth Chau & Co. prepared a Hong Kong Tax facts sheet for the year of assessment 2020/2021 about Profits Tax, Salaries Tax, Property Tax and Other Tax.
Hong kong budget 2020 2021
Kenneth Chau & Co.
The Financial Secretary of the Hong Kong Special Administrative Region Government, Mr Paul Chan released the 2020-21 Budget on 26 February 2020.
Kenneth Chau & Co. prepared this summary to highlight the key measures.
Firm brochure 2019
Kenneth Chau & Co. issued 2019 Firm Brochure to provide information about Hong Kong and the Firm.
Kenneth Chau &Co. 40th Years membership with MGI Worldwide
Kenneth Chau & Co. is proud to be the Hong Kong member of MGI Worldwide, a leading top 20 international accountancy network with some 5,000 professionals in over 260 locations around the world.
Our journey began in 1960 and we became well established in Hong Kong before joining MGI Worldwide in 1979. Belonging to MGI Worldwide over the last four decades has enabled us to build connections with fellow accounting firms across the globe, allowing us to deliver a better international service to our clients.
More from Kenneth Chau & Co. (9)
Hong Kong budget 2021-2022 Key Measures Summary prepared by Kenneth Chau & Co.
Hong Kong budget 2021-2022 Key Measures Summary prepared by Kenneth Chau & Co.
Kenneth Chau &Co. 40th Years membership with MGI Worldwide
Kenneth Chau &Co. 40th Years membership with MGI Worldwide
Hong Kong Tax Express 202005
- 1. Hong Kong Tax Express May, 2020 Hong Kong Profits Tax Return 2019/20 Extended deadline for lodgment of 2019/20 profits tax returns - For taxpayers who have appointed tax representatives: Disclaimer: The content in this publication is of general information only. It is not offered as advice and should not be taken as such. We expressly disclaim all liabilities to any person for any reliance placed on the content of this publication. No client or other reader should act or refrain from acting on the basis of the content of this publication without seeking specific professional advice. Accounting date falls between Code Extended due date 1 Apr 2019 to 30 Nov 2019 N 30 Jun 2020 (instead of early May) 1 Dec 2019 to 31 Dec 2019 D 17 Aug 2020 1 Jan 2020 to 31 Mar 2020 M 16 Nov 2020 Newly Registered Business - Generally, a newly registered business will receive its first profits tax return some 18 months after the date of incorporation. Continuing Business - The profits tax returns will be issued on the first working day of April each year. In year 2020, the issue date is postponed to 4 May 2020 because of the COVID-19 effects. No Return Issued Business - If you have previously been assessed as not liable to tax, you may not receive profits tax returns annually. However, it is required to notify the Inland Revenue Department in writing when you become chargeable to tax not later than 4 months after the end of the basis period for the year of assessment concerned. If you carry on business in the form of a corporation, partnership business or if a non-resident person is chargeable to profits tax in your name, you should report the profits on profits tax returns. Please kindly contact our professional team to get further advices for your profits tax return reporting: info@kennethchaucpa.com HONG KONG TAX EXPRESS www.kennethchaucpa.com