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The OECD’s Pillar Two framework aims to ensure multi-national enterprises (MNEs) with global revenues above €750 million pay a minimum tax rate on income within each jurisdiction in which they operate. Commonly referred to as BEPS 2.0, the framework imposes a Top-Up Tax on profits arising in...
Burkina Faso has implementedmandatory country-by-country (CbC) reporting from 1 January 2023. In-scope companies operating in Burkina Faso that are members of a multinational enterprise (MNE) are thus required to file a CbC report electronically, using a template prescribed by the General Tax...
To further support the development of micro and small enterprises and individual businesses, China’s Ministry of Finance and the State Taxation Administration issued an announcement (Announcement [2023] No. 19) on 1 August 2023 that extends the VAT rate cut for small-scale VAT taxpayers for four...
Egypt’s tax authorities have issued guidance on the VAT treatment of digital services and other services provided remotely by nonresidents to persons in Egypt. The guidance, which applies as from 22 March 2023, outlines the VAT obligations of nonresident suppliers that provide digital services...
Global Automotive M&A transaction deal flow Q2-2023.
A newly enacted law (Law for Encouragement of Knowledge-Intensive Industry) aims to maintain Israel’s status as an attractive investment destination for high technology companies by granting tax incentives to investors and to companies for purchasing (or merging with) other hi-tech companies.
The UK’s HM Revenue & Customs (HMRC) on 22 August reminded UK employers that the way to correct payroll mistakes for earlier tax years has changed in recent years.
Delhi Tax Tribunal gives ruling on applicability of withholding tax provision on reimbursement of salary cost in case of secondment
Canada’s new first home savings account (FHSA), a registered plan that entered into force on April 1, 2023, gives prospective first-time home buyers the ability to save funds for the purchase of a home on a tax-free basis.