Integra Tax World

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
What is going on in “Good old Germany” in taxes? a Commentary February 22, 2024 Author: By Dr. Filip Schade, Steuerberater, Master of Laws Wagemann + Partner PartG mbB, Berlin, E: [email protected] Edited by: Grant Gilmour, B.SC., MBA, CPA BC, CA, CPA AZ Integra Tax World Newsletter Editor E:  [email protected]   In this article, I will give you a brief overview of the current economic situation in Germany and the reasons for this development. Following this, I will explain existing and planned tax incentives and subsidies and critically assess them. At the end of the article I will make four proposals for a more far-reaching reform of German tax law in order to make Germany attractive again as… Read More
Underused Housing Tax (UHT) Canada – An Update February 16, 2024 Author: Nicholas Raycroft, CPA Senior Manager, Tax Hendry Warren LLP | Chartered Professional Accountants E: [email protected]   Edited by: Grant Gilmour, B.SC., MBA, CPA BC, CA, CPA AZ Integra Tax World Newsletter Editor E:  [email protected]     On June 9, 2022, the Canadian Government enacted the “UHT Act”. This tax is intended to discourage ownership of vacant or underused Canadian real estate.  We had previously provided an overview of the new UHT in our publication on February 23, 2023 https://www.integra-international.net/underused-housing-tax-uht-canada/. Since February 23, 2023, the Canadian Government has released additional guidance and amended UHT Act legislation. We thought it would be helpful to provide… Read More