Mexican tax law and transfer pricing
Mexican tax law and transfer pricing regulations have recently been updated for multinational groups making administrative payments.
Service: Taxation
The importance of double taxation treaties
Double taxation of income and capital would add a significant challenge for taxpayers navigating the complexities of global commerce.
Luxembourg firm joins Kreston Global network
Kreston Global has today welcomed Luxembourg firm Global Osiris Audit & Expertise to the Kreston Global network.
Ecuador hit with VAT increase in 2024
Ecuador will see VAT rates increase in 2024 to tackle a $5 billion deficit, driven in part by a reduction in oil production and increased spending on tackling the country’s ongoing unrest. The rise also satisfies a new financing agreement with the International Monetary Fund.
Tax reform in Brazil: Impact on businesses
Tax reform in Brazil is rapidly advancing, posing challenges for the business industry in Latin America due to swift regulatory changes.
Investing in Brazil: Beating analyst’s expectations
Investing in Brazil shows economic growth, driven by market reform and ESG, attracting international and local business optimism.
Investing in Puerto Rico: Low tax jurisdiction for investors
Investing in Puerto Rico becomes a strategic opportunity with an 11% GDP surge, U.S. constitutional benefits, and tax incentives.
The practitioner’s guide to the OECD Multilateral Convention
Ganesh Ramaswamy was recently featured in an article on the OECD Multilateral Convention for Accounting Today.
2024 EU VAT Regulations January update: What is the real impact on gig economy digital platforms?
The impact of 2024 EU VAT Regulations on the gig economy hit the headlines this week as consumers reacted to the 1 January update.
Anti-Tax Avoidance Directive 3 (ATAD 3) – Understanding the Unshell Directive in the EU
Anti-Tax Avoidance Directive 3 (ATAD 3), also referred to as the Unshell Directive, is a pivotal proposal by the EU Commission aimed at curbing the misuse of shell entities for tax purposes.
Kreston Brighture, China, December newsletter 2023
The December 2023 issue of the Kreston Brighture newsletter delves into recent advancements in financial and tax policies. This section highlights the latest changes, offering insights into their implications for both businesses and individuals.
Economic substance exemption
Economic substance exemption rules ensure that companies conducting business in a particular jurisdiction have a genuine economic presence and conduct real economic activities, rather than simply establishing shell companies for tax avoidance purposes.
The Bahamas’ Business Licence Act 2023
Find out how the Bahamas Business Licence Act, 2023, a more comprehensive regulatory framework will affect your Bahamian business.
New rules on tax residency in Italy
As of 2024, new rules on tax residency in Italy will change. The amendments may generate new implications when the tiebreaker of a DTA signed by Italy is intended to apply.
Proof of residence: Acceptable evidence for a double tax agreement
A certificate issued by a competent tax authority confirming residence for tax purposes is broadly accepted as proof of residence of an individual. However, a recent ruling in the Spanish courts casts doubt on that.
Understanding the Mexican Federal Revenue Law 2024 update
The Mexican Federal Revenue Law 2024 update by the Mexican Senate is now benefitting from the recently approved Federal Revenue Law for the fiscal year 2024, marking a significant increase in the country’s projected revenues.
United States Sales Tax and Use Tax
Each state and many local jurisdictions have authority to impose a sales and use tax, subject to U.S. constitutional restrictions.
Kreston Brighture, China, November newsletter 2023
Kreston Global firm, Brighture, shares its expertise in its latest newsletter covering financial news and updates from China.
Understanding VAT implications on UK residential property
Explore the VAT implications of interim rental for new residential properties in the UK, including strategies for VAT recovery, HMRC’s adjustment policy, and alternative approaches. Understand the key factors impacting VAT on property development and rental.
Understanding VAT compliance in the UK: Realreed and a tale of caution
A recent High Court ruling serves as a stark reminder to businesses that they cannot take previous HMRC VAT enquiries or inspections as a conclusive assurance of their VAT compliance
