http://netvouz.com/lillymark/tag/vat?feed=rss&pg=2 lillymark's bookmarks tagged "vat" on Netvouz http://www.nair-co.com/HongKongImportExportCost.aspx With an aim to boost external trade by reducing transaction costs, Hong Kong proposes to reduce its import and export declaration charges (TDEC) by half. May 08 2012. lillymark Thu, 17 May 2012 04:10:15 GMT http://www.nair-co.com/Italy-incometax-2012.aspx Dormant companies in Italy will be paying a higher corporate tax rate in 2012 as per the new Italian tax law. Companies that can be considered ‘dormant’ will have to pay 38% corporate income tax (IRES) tax rate next year compared to the current rate of 27.5%. lillymark Wed, 30 Nov 2011 09:18:06 GMT http://www.nair-co.com/India-NewRulforTransfer%20PricingMethod060412.aspx The Indian Tax Administration has introduced a new transfer pricing method which uses the ‘other method’ for determining Arm’s length Principle (ALP) for international transactions. lillymark Wed, 06 Jun 2012 11:13:19 GMT http://www.nair-co.com/India-EEFC%20AccountRules05-30.aspx The Indian Government has introduced changes to the Exchange Earners' Foreign Currency Account (EEFC) norms. As part of the revision, exporters or individual professionals who have an EEFC account will now have to convert 50 percent of their balances into rupee balances, and they will also be given permission to purchase foreign exchange by accessing the forex market only after extinguishing their existing EEFC account balances. lillymark Fri, 01 Jun 2012 09:04:33 GMT http://www.nair-co.com/Indiaforeignexchangerules05-12.aspx With an aim to liberalize documentation requirements, the Reserve Bank of India (RBI) has raised the limit for foreign exchange remittance for miscellaneous purpose without documentation process to US$25000 from US$5000. lillymark Fri, 01 Jun 2012 06:22:39 GMT http://www.nair-co.com/Indiaservicetaxliability05-30.aspx In a milestone verdict, the apex court of India held that an assessee of service tax may enter into a contract with another party to shift liability. This case involved Rashtriya Ispat Nigam Ltd and M/S Dewan Chand Ram Saran where the Supreme Court read out the verdict in favour of the former. lillymark Fri, 01 Jun 2012 07:15:28 GMT http://www.nair-co.com/IndiaTaxLaws-Budget2012.aspx Nair & Co has come up with new Press release , highlighting proposed amendment to the Union Budget of 2012-13 by Indian Ministry of Finance . Read the complete Press release to know more about the proposed revisions. lillymark Fri, 18 May 2012 03:52:13 GMT http://www.nair-co.com/IsraelhikesVATto18percent-03-06-2013.aspx The Israeli Government has raised value-added tax rate (VAT) to 18% from 17%. In the light of the growing budget deficits, the Israeli Tax Authority expects to generate more revenue from the increase in tax and close the widening gap, says Nair & Co.’s International Tax Consulting Team. lillymark Tue, 04 Jun 2013 07:29:49 GMT http://www.nair-co.com/ItalyIncreasesVATRate-11-10-2013.aspx The Italian government has recently increased the standard Value Added Tax (VAT) rate on goods and services to 22% with effect from 1 October 2013, though it was expected that the increase in VAT rate would be postponed to 1 January 2014, reports Nair & Co.’s International Tax Consulting Team. lillymark Tue, 15 Oct 2013 11:26:52 GMT http://www.nair-co.com/nareadmore.aspx?id=175 Expatriate employees in Netherlands, working on a temporary basis can avail of “the 30% ruling regime,” resulting in a 30% tax free employment income in hand. This provision was introduced by the Dutch Government to compensate them for specific expatriate costs. lillymark Thu, 13 Oct 2011 11:06:37 GMT