Employee Share Option Plans in Hong Kong

November 23rd, 2018|Categories: AITC, Newsletters, Tax|

Employee Share Option Plans in Hong Kong How does ESOP work? Employee Share Option Plan (ESOP) refers to the mechanism [...]

2019 PAPUA NEW GUINEA BUDGET – EXPERT COMMENTARY BY SHISHYA BUSINESS SERVICES

November 15th, 2018|Categories: AITC, Newsletters, Tax|

The Deputy Prime Minister and Minister for Treasury, Hon. Charles Abel handed over the 2019 Budget on behalf of O’Neill-Abel [...]

Austrian Tax free allowance 2018 – pay less Income Tax

November 14th, 2018|Categories: AITC, Newsletters, Tax|

Dear clients, The year 2018 will come to its end soon and we wanted to remind you of the Austrian [...]

Malta’s labour marked has increased resulting in a very low rate of unemployment

October 31st, 2018|Categories: AITC, Newsletters, Tax|

Malta announces its 2019 Budget whereby the country has recorded an economic growth leaving surplus of 1% in the country’s [...]

OVDP Ended Sept. 28 – So Now What?

October 31st, 2018|Categories: AITC, Newsletters, Tax|

We originally posted on March 13, 2018 IRS to End OVDP Sept. 28 - Last Chance for Taxpayers With Undisclosed [...]

PNG’s Internal Revenue Commission (IRC) hosted a Meet and Greet session

October 30th, 2018|Categories: AITC, Newsletters, Tax|

On October 12, 2018, PNG’s Internal Revenue Commission (IRC) hosted a Meet and Greet session for certain large tax payers, [...]

Proceeds from Export of Goods Must Be Brought Into To Turkey And A Minimum Of 80% Of The Said Proceeds Are Required To Be Sold To The Banks

October 29th, 2018|Categories: AITC, Newsletters, Tax|

Communiqué No. 48 regarding the Decree No. 32 on the Protection of the Value of the Turkish Currency is published [...]

Accelerated Reduction of Company Tax Rates now Law

October 26th, 2018|Categories: AITC, Newsletters, Tax|

The previously legislated tax cuts for small business included a reduction to eligible entity’s rate to 27.5% and a progressive [...]

Anti-Money Laundering & Countering Financing Of Terrorism (AML/CFT)

October 25th, 2018|Categories: AITC, Newsletters, Tax|

You may have already been asked for increased proof of identity and in some cases, information regarding your tax residency [...]

Malta goes Blockchain

October 11th, 2018|Categories: AITC, Newsletters, Tax|

Malta introduces the enactment of three pieces of legislation; namely: The Malta Digital Innovation Act, The Innovative Technology Arrangement and [...]

New startup visa introduced in Shanghai

October 10th, 2018|Categories: AITC, Newsletters, Tax|

Shanghai’s Public Security Bureau introduced, in May 2018, a new ‘’Private Residence Permit (Entrepreneurship)’’, most commonly known as ‘’Business Startup [...]

China proposes new measures for foreign investors’ strategic investments in listed companies

October 10th, 2018|Categories: AITC, Newsletters, Tax|

The Chinese Ministry of Commerce (‘’MOC’’) released on 30 July 2018 a draft on the amended Administrative Measures for Strategic [...]

China Individual Income Tax Reform

October 10th, 2018|Categories: AITC, Newsletters, Tax|

The Chinese government has recently released the draft amendments to the Individual Income Tax (“IIT”) Law to the public for [...]

US Expats with non US corporations

October 1st, 2018|Categories: AITC, Newsletters, Tax|

US Expats with non US corporations, hold your hats…..The Tax Cuts and Jobs Act (TCJA) of 2017 imposed a one [...]

150 Offshore Banks Are Turning Over Your Names To The IRS and the OVDP Program Ends on Sept. 28 – What Are You Waiting For?

October 1st, 2018|Categories: AITC, Newsletters, Tax|

The Internal Revenue Service announced in IR-2018-52 on March 13, 2018 that it will close the OVDP program on Sept. [...]

AGM 2018 Los Angeles

September 20th, 2018|Categories: AITC, Newsletters|

AITC held its AGM in Los Angeles between the 31st August and 2nd September 2018 hosted by our USA member [...]

Property acquisition opportunities in Mauritius: a must visit destination

August 21st, 2018|Categories: AITC, Newsletters|

Mauritius, ideally located in the Indian Ocean, has a mild, tropical climate year-round and is praised for its idyllic landscape [...]

PAPUA NEW GUINEA TAX – JUN 2018

July 19th, 2018|Categories: AITC, Newsletters, Tax|

This article highlights the changes introduced to tax remittance process by Internal Revenue Commission (IRC) of PNG, from 1 June [...]

AITC Welcomes the New Panama Member

May 24th, 2018|Categories: Newsletters, Tax|

The President and the Board of AITC welcome Mr. Alessandro Cavallera of N&C Capital as a new member within the [...]

Managing the Foreign remittance process in Papua New Guinea

May 19th, 2018|Categories: Newsletters, Tax|

In the past few years, we have seen PNG facing acute shortage of foreign currency and businesses are hard hit. [...]

India: Tax & Professional updates For May 2018

May 16th, 2018|Categories: Newsletters, Tax|

RBI came up with the latest changes on ECB on the 27th of April 2018, which has been incorporated in [...]

2018 Australian Federal Budget – A Business Perspective

May 14th, 2018|Categories: Newsletters, Tax|

The 2018 Federal Budget was in Tax and fiscal terms was a  generally a lacklustre affair. Herein is a business [...]

The Offshore Voluntary Disclosure Program and Cryptocurrency

May 11th, 2018|Categories: Newsletters, Tax|

Do you think the IRS's recent announcement that it is ending its Offshore Voluntary Disclosure Program (OVDP) and Streamlined program [...]

US Expatriates Living Abroad – What You Should Know About the New Tax Law – Part II

May 7th, 2018|Categories: Newsletters, Tax|

The Tax Cuts and Jobs Act 2017 (TCJA) changed many things, including reporting and taxing requirements for US taxpayers living abroad. [...]

Mauritius: 50 years of Independence this year

April 23rd, 2018|Categories: Newsletters, Tax|

Mauritius having attained its independence on 12 March 1968, has celebrated it’s 50 years of Independence this year. The Golden [...]

Creatrust Securitisation Platform

April 20th, 2018|Categories: Newsletters, Tax|

Promoters or Issuers use securitisation vehicles as an alternative to traditional bank funding, to transfer risk or deconsolidate risk off [...]

US Expatriates Living Abroad – What You Should Know About the New Tax Law – Part I

April 16th, 2018|Categories: Newsletters, Tax|

The Tax Cuts and Jobs Act 2017 (TCJA) changed many things, including reporting and taxing requirements for US taxpayers living abroad. [...]

Hong Kong continues to expand its tax treaty network – New double taxation agreement with India

April 13th, 2018|Categories: Newsletters, Tax|

Hong Kong has recently signed a comprehensive double taxation agreement (CDTA) with India. This brings the number of CDTAs Hong [...]

India: Professional updates for April 2018

April 11th, 2018|Categories: Newsletters, Tax|

CBIC clarified that LUT shall be deemed to be accepted on Generation of ARN, No documents required to be physically [...]

Why it is important to reconcile your tax balance regularly

April 7th, 2018|Categories: Newsletters, Tax|

In this month’s write up, we will highlight the importance of reconciling your taxes with the revenue authority in PNG [...]

$1 Billion in Refunds Still Unclaimed from 2014 Returns

April 3rd, 2018|Categories: Newsletters, Tax|Tags: |

Under Internal Revenue Code Section 6511(a)Period of Limitation on Filing Claim.— a claim for refund or credit must be filed [...]

US 2018 Tax Reform -What You Need To Know?

December 20th, 2017|Categories: Newsletters|Tags: |

The House passed the final version of the Republican tax bill on Wednesday December 20, 2017, capping off a furious [...]

Main amendments on Romanian Fiscal Code

December 18th, 2017|Categories: Newsletters|Tags: |

Below are the main amendments on Romanian Fiscal Code, to enter into force starting with January 2018. Corporate income tax [...]

Recent UK personal tax developments and news

December 15th, 2017|Categories: Newsletters|Tags: |

Scottish income tax Scotland’s draft Budget for 2018/19 has now been released and details of the proposed Scottish tax changes [...]

Wake-up Call for Common Australian Discretionary Trust Arrangements

December 13th, 2017|Categories: Newsletters|Tags: |

Discretionary trusts are extremely common in Australia, both for the holding of assets, and from an international perspective, more unusually, [...]

VAT on Land: Important Amendment to the VAT Legislation

December 11th, 2017|Categories: Newsletters|Tags: |

In November 2017, the Cyprus parliament voted a significant amendment to the Cyprus VAT Legislation (VAT Law – Amending Law [...]

Revised FTP 2015 – India

December 8th, 2017|Categories: Newsletters|Tags: |

Revised FTP 2015 – 20 has been amended in such a way that it is in line with the provisions [...]

2018 PNG Budget Commentary from Shishya

December 6th, 2017|Categories: Newsletters|Tags: |

Executive summary below: The Deputy Prime Minister and Minister for Treasury, Hon. Charles Abel handed over the 2018 Budget on [...]

Certain changes on China withholding tax obligations for non-residents

December 4th, 2017|Categories: Newsletters|Tags: |

Passive incomes such as dividends, interests, royalties, capital gains derived from China by a non-Chinese tax resident enterprise (“NRE”) are [...]

Changes to the Malta Residence and Visa Programme

November 21st, 2017|Categories: Newsletters|Tags: |

The Malta Residence and Visa Programme (MRVP) provides an excellent opportunity to non-EU Nationals, non-EEA Nationals and non-Swiss Nationals including [...]