- Argentina Announces Tax Incentives Plan to Encourage Software Industry Growth
On September 16, 2013, the Official Gazette in Argentina published a decree to promote the software industry by allowing tax incentives to individuals and legal entities whose core activities are in the software sector.
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- Belgium Offers New Tax Incentives for Business Entities and Entrepreneurs: Updates from International Tax Consulting Team
Belgium recently announced new tax incentives for individuals and companies that include reduced tax on pensions and profit deductions for small employers, said Nair & Co., which provides international tax consulting for companies expanding overseas. The new tax regulation is for the tax year 2013 (assessment year 2014).
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- China Clarifies Enterprise Income Tax incentive for Technology Transfers
The Chinese State Administration of Taxation (SAT) recently issued clarification on the definition of income from transfer of technology by resident companies, reports Nair & Co.’s International Tax Team.
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- China Revises Income Tax Incentives for Software and Integrated Circuit Manufacturers
China has revised the enterprise income tax incentives for software and integrated circuit (IC)companies as per a notification released jointly by the Ministry of Finance and the State Administration of Taxation (SAT).
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- Hong Kong Announces Budget for 2014/2015
The Financial Secretary of Hong Kong has officially presented the 2014/15 Budget. Among the areas addressed are corporate and personal taxes, social security and incentives for private companies, reports Nair & Co.’s International Services team.
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- Portugal Introduces Extraordinary Investment Tax Credit to Boost Investment
The Portuguese government has recently introduced an extraordinary investment tax credit with effect from July 17, 2013. The new measure is expected to create a congenial ambience for investment and will encourage investment, growth and employment, in Portugal.
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