Integra Tax World - Integra International

Understanding Japan’s Anti-Avoidance Rules and Tax Regulations February 19, 2025 Author: Manami Yahata Senior Tax Associate Actus Tax Corporation E: [email protected] with contributions from: Tetsunori (Ted) Chiba, LLM, MST International Tax Partner Actus Tax Corporation E: [email protected] Edited by: Integra International Grant Gilmour, CPA (Canada, BC) CPA (USA, Arizona) Integra Tax World Newsletter Editor E: [email protected] Understanding Japan's Anti-Avoidance Rules and Tax Regulations Japan has developed a robust system to prevent tax avoidance, particularly through the use of foreign subsidiaries or corporate structures that minimize tax liabilities. While Japan does not have a General Anti-Avoidance Rule (GAAR) like some other countries, it addresses tax avoidance using targeted, specific anti-avoidance… Read More

Lower Tax Using Alternative Taxation for New Residents in Greece February 5, 2025 Author: George Giannopoulos Partner E: [email protected] Edited by: Integra International Grant Gilmour, CPA (Canada, BC) CPA (USA, Arizona) Integra Tax World Newsletter Editor E: [email protected] Lower Tax Using Alternative Taxation for New Residents in Greece In recent years, Greece has seen a growing international community, which includes retirees, professionals, students, and digital nomads. Foreign nationals living in Greece represent an expanding group of people who choose the country for various reasons. Climate: Mediterranean weather with mild winters and warm summers, ideal for outdoor activities. Relatively Low Cost of Living: Although living costs have risen recently, life in Greece is… Read More

Brazilian tax reforms: a lost opportunity? November 12, 2024 Author: Victor Serrão, CPA Partner, Pitmen Auditores Independentes W: www.pitmen.com.br E: [email protected] Edited by: Grant Gilmour, CPA (Canada, BC) CPA (USA, Arizona) Integra Tax World Newsletter Editor E: [email protected] The Brazilian tax reform, a crucial initiative to simplify and modernize the country's tax system, is currently being processed by the National Congress. At the moment, the Chamber of Deputies is still negotiating internally the deadline to conclude the vote on the second text that complements the tax reform. Initially, the new legislation is expected to come into force in stages, between 2025 and 2033. The reform proposes the transition… Read More

Taxable Income. What is that? November 12, 2024 Author: Grant Gilmour, CPA (Canada, BC) CPA (USA, Arizona) Integra Tax World Newsletter Editor E: [email protected] With Contributions from: Franz Schweiger, BF Consulting Austria Dr. Filip Schade, Wagemann + Partner, Germany David Lucas, Bright Grahame Murray, United Kingdom Victor Serrao, Pitmen, Brazil Wayne Soo, Fiducia LLP, Singapore Edited by: Mark Saunders, BA FCA Chief Operating Officer Integra International E: [email protected] This is a question that tax practitioners around the world are often asked. Business owners and investors and really everyone would like the calculation of tax to be as simple as INCOME multiplied by 10 PERCENT gives TAX. And income… Read More

Home Office Does Not Constitute Permanent Establishment for An Employer in Poland August 20, 2024 Author: Ewa Suwińska - Licensed Tax Advisor INDEPENDENT TAX ADVISERS Warsaw, Poland E: [email protected] Edited by: Grant Gilmour, B.SC., MBA, CPA BC, CA, CPA AZ Integra Tax World Newsletter Editor E: [email protected] Polish Judgement of the Voivodship Administrative Court Dated 11 June 2024 The Polish Voivodship Administrative Court (in Gliwice), in its judgment of 11 June 2024, (ref. no. I SA/Gl 914/23), addressed the issue of creation of a permanent establishment [PE] when employing staff in a home office. The case concerned whether a German company (Company) had or did not have its Poland registered office and management at the home… Read More

VAT treatment – Cross Border Transactions inside the European Union August 20, 2024 Author: Rakesh Ghirah LLM, Associate Partner VAT | Indirect Tax| Londen & Van Holland Amsterdam, Netherlands [email protected] Edited by: Grant Gilmour, B.SC., MBA, CPA BC, CA, CPA AZ Integra Tax World Newsletter Editor E: [email protected] Based on the Value Added Tax [VAT] Directive the VAT Law in the European Union is harmonized. In principle a 0% VAT rate applies to Business to Business [B2B] transactions where goods are supplied from one Member State to another. However, this 0% VAT rate can be exploited for carousel fraud, contributing significantly to the VAT Gap in Europe, which was estimated to be around €61… Read More

Be Careful When the Terms of An Acquisition Seem Too Good to be True. They Usually Are August 20, 2024 Author: Christopher Klug BA, JD, LLM Basswood Counsel PLLC (formerly Klug Counsel PLLC) [email protected] Edited by: Grant Gilmour, B.SC., MBA, CPA BC, CA, CPA AZ Integra Tax World Newsletter Editor E: [email protected] When there is a cross-border merger and acquisition there are additional complexities to plan for, typical acquisition planning in one country may be different than in another country, and the resulting tax implications can be significant. Basswood have represented both the acquiror and target in a number of cross-border acquisitions and getting the right result requires a careful analysis of the tax implications involved. What may seem like a… Read More

Attraction and Benefits of the UAE’s Corporate Tax Regime for International Businesses May 15, 2024 Author: Gopu Rama Naidu FCA, FCCA, CPA under and Managing Partner KGRN Chartered Accountants LLC [email protected] Edited by: Grant Gilmour, B.SC., MBA, CPA BC, CA, CPA AZ Integra Tax World Newsletter Editor E: [email protected] Embracing the Corporate Tax Landscape in the UAE: Opportunities for Global Business Growth The United Arab Emirates has recently ushered in a new era of fiscal policy with the implementation of Corporate Tax, effective from the tax periods commencing on or after June 1, 2023. This move is aimed at bolstering the nation’s economic diversification and aligning its tax practices with global standards. For international businesses considering… Read More

New tax provisions in 2024 for Greece May 15, 2024 Author: George Giannopoulos Partner [email protected] Edited by: Grant Gilmour, B.SC., MBA, CPA BC, CA, CPA AZ Integra Tax World Newsletter Editor E: [email protected] Law 5104/2024 (Tax Procedure Code) was published on April 20th 2024 being effective immediately. The new Law indicates change in accounting – tax procedures and bring new procedures as well. Efficiency measures The main efficiency provisions of the Law 5104/2024 to update the Greece tax system include the following: Pre-filled tax returns: obligation to prepare tax returns is abolished for taxpayers, who have income exclusively from wages and pensions. The tax return is automatically pre-filled by the… Read More

Tax Obligations for Related Parties – Transfer Pricing in Latin America May 15, 2024 Originally Published in Spanish, Please look at the bottom of the article for the Spanish Version. Publicado originalmente en español, consulte la parte inferior del artículo para ver la versión en español. Author: Lic. Salvador Pizano Moreno Gerente/ Manager [email protected] Edited by: Grant Gilmour, B.SC., MBA, CPA BC, CA, CPA AZ Integra Tax World Newsletter Editor E: [email protected] Transfer pricing, an important and controllable aspect of international taxation, refers to the prices at which companies within an international corporate group transfer goods, services, or intangible assets between each other. The forward at paragraph 11 of the OECD Transfer Pricing Guides. Says… Read More