Recently, State Administration of Tax issued Annual Corporate Income Tax (“CIT”) Return Package of People’s Republic of China (Type A, 2014). The new return package will come into force on Jan 1st, 2015 and first to be adopted by resident CIT taxpayers in the 2014 annual CIT filing. This issue of China Tax Alert summarizes the main content of and changes in the new return package and would like to remind taxpayers of certain […]
“Make in India” is an initiative of the Government of India to encourage companies to manufacture in India. The program includes major initiatives designed to facilitate investment, foster innovation, protect intellectual property and build best-in-class manufacturing infrastructure. The new Budget will set India off on a faster trajectory of growth while opening up more avenues for NRIs to contribute to the Nation’s development.
There being enormous changes in the Budget 2015, there is definitely a […]
Section 162(m) generally limits to $1 million the amount that a public company can annually deduct with respect to remuneration paid to certain covered employees. This deduction limitation, however, does not apply to remuneration that qualifies as “performance-based compensation” or that is paid in accordance with a transition rule that is available to new public companies. The performance-based compensation exemption is commonly used to ensure that all gains resulting from exercising stock options or […]