China’s Preferential Tax Policies To Help Businesses Overcome Coronavirus Stress

The Ministry of Finance and State Taxation Administration unveiled three key documents laying out a series of preferential policies related to corporate income tax, value-added tax, and individual income tax.

The three documents introduce new deductions, tax exemptions, and subsidies to stimulate action in three critical areas related to fighting the coronavirus outbreak. These are:

Supporting the production capacity of businesses;
Encouraging cash or material donations to fight the epidemic; and
Supporting the medical staff and anti-epidemic […]

By |March 6th, 2020|

South Africa: Trending In Tax – February 2020

This Tax Update covers the Commencement of Expat Tax, Final Carbon Offset Regulations, BGR: Relief in respect of Tax Treaties and Clarification on interpretation of “Group of Companies”.

Foreign Employment Income Tax:

The current applicable law to South African tax residents who work abroad allows for an exemption for income earned abroad provided that more than 183 days are spent outside SA in any 12-month period and of these 183 days 60 days are continuously […]

By |March 4th, 2020|

Cyprus Ratifies OECD Multilateral Instrument On Tax Avoidance

In 2013, G20 and the Organisation for Economic Co-operation and Development (“OECD”) launched the Base Erosion and Profit Shifting (“BEPS”) Project, a global initiative aimed at preventing tax avoidance.

As a result, in November 2016, more than a hundred jurisdictions closed the negotiations on the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument,” “MLI,” or “the Convention”). The Multilateral Instrument introduces a series of changes to […]

By |March 2nd, 2020|