To introduce a new system for claiming benefits by non-resident taxpayers under China's double tax treaties, the PRC State Administration of Taxation issued Announcement [2015] 60 (Announcement 60) on 27 August 2015 with an effective date of 1 November 2015. Announcement 60 supersedes the existing system under Guoshuifa [2009] No. 124 which relies on “pre-approvals” by the PRC tax authority…

Possible personal tax obligation in Germany for employees from Japan - Retirement Allowance and secondment to Germany If Japanese are entitled to a “Retirement Allowance” they mostly get a one-off payment in addition to an old-age pension. In case of being delegated to Germany during a part of their working life, there is a possibility to personal tax duty in…

We are pleased to inform you that Reanda International has launched its mobile app.   iOS version on Apple Store  Android Version on Google Play Store This Reanda App provides the Reanda insights and easy access to the contact details of our network firms at your fingertips. Better still, this App is available in English, Simplified Chinese and Traditional Chinese…

Range Extension Public Notice [2015] No. 60 provides non-resident taxpayers enjoying bilateral tax agreement and the international transport agreement with applicable unified, standardized management processes. Specific changes include: signed agreements for the avoidance of double taxation signed tax provisions of airlines, shipping and car services, tax agreement for the mutual exemption of international transport income or exchange. Cancel Approved Public…

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 4th quarter 2015 issue…

The Cyprus Parliament voted the following tax changes during 2015: Income Tax Law 1.    Introduction of Notional Interest Deduction (NID) in Qualifying Equity Companies resident in Cyprus and Permanent Establishments in Cyprus of non-resident Companies are entitled to a NID on equity, which is a tax allowable deduction against the taxable profits of the company.The NID is calculated by multiplying…