Managing the Global Mobility Function 2012: Now Available
Tag Archive
Spanish Tax Developments
New Tax Treaties: with Panama, Georgia, Kazakhstan. Spain’s official gazette (Boletín Oficial del Estado) has published three new international agreements for the avoidance of double taxation with respect to personal income tax and wealth tax. The republics of Panama (BOE 07/04/2011)1, Georgia (BOE 01/06/2011),2 and Kazakhstan (BOE 06/03/2011)3 join the list of countries with... »
South Africa Tax Developments
Two important administrative policy decisions have recently been communicated to tax practitioners by the South African Revenue Service (SARS). 1. SARS will not pay personal income tax refunds into third-party bank accounts, including employer accounts, even if the individual is tax equalized. KPMG Note Legislative intervention will be required before SARS can change this... »
Vietnam Tax Developments
In this we highlight a couple of recent developments in Vietnam that may impact individuals and their multinational employers. This article excerpts, with permission, the following article: “Sponsorship Costs of Commercial Events Are Not Deductible; No VAT on Credit Guarantee Services; Rules for Gross-Up of Employment Income” in KPMG LLP’s TaxNewsFlash-Asia/Pacific No. 2010-36 (October 7,... »
India Social security update recent developments
This alert summarizes some of the recent developments in relation to social security and employee benefit legislation in India: 1.Introduction of an online facility by the Employee State Insurance Corporation (ESIC). 2.Recommendation of 9.5% as the rate of interest for provident fund members in India for the financial year 2010-11. 3.Increase in the amount... »
Argentina IES Developments: Residence, Tax, Social Security
Recent developments in Argentina that may impact individuals and their multinational employers. Temporary Residence Regulation 1170/2010 of the National Migration Office authorizes the granting of special temporary residence within the framework of the section 24 sub-section h) of Law 25.871 (foreigners who are considered by the National Migration Office as having justifiable reasons for special treatment)... »
Portuguese Tax Developments
Portugal recent tax developments that arose from Portugal’s Program of Stability and Growth including: a new stock market tax regime; modifications to marginal tax rates and the flat-tax rate; and changes to the withholding tax rates. »
Croatia: Tax Developments
The Croatian Parliament has adopted Amendments to the Personal Income Tax (PIT) Law which came into force as of 1 July 2010 (National Gazette (Narodne novine), 80/10). Some of the more significant amendments are summarized below. »
Estonia: Tax Developments
From 1 April 2010, Minister of Finance regulation No. 102 has been amended. The amendment establishes the minimum interest rate of 2 percent applicable to loans employers grant to their employees. The rate is applied from 1 January 2010 retroactively. Loans granted with at least 2-percent interest are not deemed to be fringe benefits.... »
Indonesia Tax Developments
In Indonesia, the due date for filing the 2009 individual income tax return is 31 March 2010. Any tax payable will need to be settled before the tax return is filed or an interest penalty at 2 percent per month will apply. »
Peru Tax and Special Retirement Regime Developments Affecting Individuals
There have been some recent developments effective in Peru since October 2009 that may concern international executives and their multinational employers. »