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

(1) Digital Economy Based on the characteristics of business model under digital economy, BEPS re-examines the current tax system, tax treaty, and the existing problems in the transfer pricing rules, and suggests adjustments for domestic legislation and international rules. (2) Hybrid Mismatch Arrangements Based on the model of tax planning comparing two countries or multinational tax system difference, BEPS proposes…

In February 2015, the Australian Government announced that the Australian Taxation Office (“ATO”) will be given the responsibility for both approving foreign investment in residential real estate and a new register of foreign investment in agricultural land. Reasons for giving ATO such power All foreign investment in Australia will be approved by the Australian Treasurer if there is no contrary…

Tax holidays for entrepreneurs Federal law from 29 December 2014 N 477-FZ introduced tax holidays for entrepreneurs. According to article 346.50 the Russian regions can fix the tax rate of 0 per cent for entrepreneurs registered for the first time, and doing business in the field of industrial, social and (or) scientific. Tax report for personal income Companies have to…

Deferment of import VAT payment for export SME Under the current Value Added Tax Law (“VATL”), a taxpayer is required to pay import VAT to the customs office upon declaration for import of goods. Under the proposed revision, export SME satisfying certain conditions (to be regulated in the Presidential Decree of VATL) will be entitled to the deferment of the…