By Katharine Batista, Offt Kurman
Stay Tuned to New Legislation: New legislation is being proposed and advocated for. In fact, some has already passed.
Continue Reading
By David J. Kidd, Citroen Wells Chartered Accountants
Never-ending change: The UK Treasury cannot keep from changing the UK tax rules affecting foreigners, often referred to technically as ‘foreign domiciliaries’. At the time of the last major upheaval in 2008, there was a Treasury promise that there would be no further changes. In fact, there have been changes every year following 2008.
Continue Reading
By Mario Kapp and Raffaela Lödl, KAPP & STRIMITZER Rechtsanwälte GmbH
As a consequence of the Austrian ‘intabulation principle’ the actual acquisition of a house, a plot or a freehold apartment only takes place upon the registration of the buyer in the Austrian land register. Getting there involves several key legal steps. Therefore legal advice should be obtained, especially in the following areas:
Continue Reading
By Raghu Marwah and Anjali Kukreja, R.N. Marwah & Co LLP
1. Introduction of new law and its amendment
Before the insertion of section 115BBDA, there was loss to revenue, as high dividend income recipients (individual, HUF or firm) who would have been taxed at 30% had their tax liability discharged through DDT in the hands of the company at around 15%. Hence, to plug this loss of revenue, the Finance Bill 2016 inserted section 115BBDA into the Income Tax Act 1961 (hereafter the ‘Act’) with effect from 1 April 2017.
Continue Reading
By Alejandro Fernando Toulet Lazos and Bridget Guzman, Toulet, Gottfried, Dávila y Martínez, S.C.
Currently, maquiladoras entities import their raw materials into Mexico and thereafter export a finished product. However, what happens if instead maquiladoras sell their products into the Mexican domestic market?
By Leslie A. Berkoff, Moritt Hock & Hamroff LLP
Traditionally, most mediations began with a joint session and no lawyers were involved in the process. The joint session allowed the mediator to set the tone for, and explain, the process. Overtime, lawyers began to be retained by the parties and the process became a precursor to litigation or a stop along the path to the courthouse.
By Graeme Saggers and Simphiwe Mili, Nolands
The VAT consequences on rebates received from international companies is an issue not often considered. Very little legislation and case law exists governing the treatment of rebates received from international entities. Currently only binding general rulings provide for the treatment of local rebates in the Fast Moving Consumable Goods and the Motor industries.
