Budget 2016 Malaysia was tabled on October 23, 2015, it was based on Brent oil price assumption of US$48 (RM204) per barrel, and estimated a revenue of RM225.7 billion for 2016. The objectives include to achieve a 3.1% fiscal deficit target and to hit a 4% to 5% Gross Domestic Product (GDP) growth this year. Unfortunately, Brent oil price has…

The Financial Times reported that the quartet of Brazil, Russia, India and China that made up the BRIC index of emerging markets is being replaced by the TICKs, made up of Taiwan, India, China and Korea. Over the past decade Brazil and Russia led economic growth in emerging markets. However, plummeting commodity prices have resulted in deepening recessions in the…

The Indonesian government announces that it will immediately propose and discuss the draft Tax Amnesty Law with the Parliaments. The legislation shall be effective in the 2016 fiscal year. The tax amnesty is the tax policy which grants the remission of taxes (including tax interest and sanction) to certain tax payers in certain periods, which related to previous tax obligation.…

 Doing business in a tax efficient environment - Corporation tax Trading profits of a Cyprus tax resident company are taxed at the rate of twelve and a half percent (12.5%), one of the lowest corporate income tax rates in Europe. Income from trading securities (shares, bonds etc), whether on disposal or due to fair value gains is tax free. In…

We are pleased to inform you that the Reanda International Annual Review 2015 has been published. The Reanda International Annual Review 2015 provides an overview of our network's development and performance for the year 2015. The on-line version of the review is available on: http://www.reanda-international.com/News_Photo/pdf/Annual_Review_2015.pdf

The Reanda International network is pleased to bring to you the latest issue of PRISM – the quarterly tax newsletter, which is part of Reanda’s effort to stay in touch with our clients by sharing updates and insights on the recent taxation changes and current hot topics. Please click here to download a digital copy of the 1st quarter 2016 issue…