Any company expanding internationally will have to grapple with the tax implications that come with setting up overseas. International tax considerations can include corporate tax, value-added tax (VAT), business tax and more.
The US Treasury announced a new Protocol to the income tax treaty between the United States and Japan in late January 2013. The new Protocol amends the existing tax treaty, concluded in 2003, to bring that agreement into closer conformity with the current tax treaty policies of both the United States and Japan.
The Inland Revenue Authority of Singapore (IRAS) has issued an e-Tax Guide to explain the tax treatment of director’s fees and bonuses from employment. This replaces the 1993 guide and it is intended to be used by individuals receiving fees and bonuses and by businesses paying them.
Determining your international tax burden can be overwhelming and time consuming. Corporate taxes may apply in each individual country your company operates in, meaning a different set of obligations for each entity. Even though rules and rates may differ country to country, there are a handful of taxes that you can expect wherever you expand. Consider these three taxes when you business expands internationally.
Our recent webinar International Taxation: What to Expect encouraged a lot of discussion. There were several interesting questions from attendees for HSP's tax experts; here are some of the highlights, and answers.
India's Ministry of Corporate Affairs has published a new manual regarding XBRL filing requirements. The program is now in its second year, and the government is expected to add more companies to the list of those required to file in this format.
