The first policy is a matter of tax relief incentives in the revaluation of company assets, both in the State Owned Enterprises (SOEs or “BUMN”) and private parties. Currently, companies are reluctant to do the revaluation of assets because the tax rate is too high. Revaluation of asset is a readjustment of the value of the company's assets in accordance…
Monday, 01 February 2016 10:31

Come to Cyprus to do business

The Cyprus parliament voted a number of additional incentives to entice international businesses moving into the island. These incentives mostly aim to attract physical relocation of business premises and high caliber employees to Cyprus. Doing business in a tax efficient environment - Corporation taxTrading profits of a Cyprus tax resident company are taxed at the rate of twelve and a…
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…
Monday, 18 January 2016 12:30

REANDA Mobile Application

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…
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