Taiwan’s Amended Tax Guidelines for E-Commerce Enterprises The Ministry of Finance for Taiwan has issued draft amendments to the Value-Added and Non-Value-Added Business Tax Act that was first announced on December 28, 2016. The revised VAT law made it mandatory for foreign e-commerce operators selling its services to individuals in Taiwan and having annual sales…
China: Increase in the Monthly Minimum Wage to Counter the Economic Slowdown China is gradually revising the minimum monthly wage, but not all at once for the entire nation. Each province and municipality set its minimum wage based on its local economic needs. Recently, the Shanghai Municipal Bureau of Human Resource & Social Security has…
Australia Introduces Single Touch Payroll The Australian government introduces a real-time reporting system to streamline the reporting of tax and superannuation by employers. The government initiated the process when it passed the Budget Savings – Omnibus Bill – September 2016. Under the proposed legislation, a new electronic reporting framework will be incorporated to simplify the…
Argyle CFO Leadership Forum Global Upside CEO Ragu Bhargava addresses a panel on “Achieving Value through Effective Risk Management” at the Argyle Executive Forum’s 2017 Chief Financial Leadership Forum in San Francisco, CA. Argyle CFO Leadership Forum We may communicate with you regarding this event and other services. Your information is protected by Global Upside’s Privacy Policy.…
Brazil Withdraws Payroll Tax Cuts In a key policy this year, the Brazilian government has concluded that in order to meet the fiscal target of this current year and maintain balanced accounts, they must cut R$42.1 billion from their planned expenses in 2017. This will impact almost all major multinational companies operating in Brazil. This…
Global Payroll: Taking a Practical Approach Global Payroll Association (GPA) teams up with SmugMug, ADP and Global Upside for a webinar on “Global Payroll: Taking a Practical Approach.” Taking a Practical Approach Download Slide We may communicate with you regarding this event and other services. Your information is protected by Global Upside’s Privacy Policy. Agenda Legal entity…
Permanent Establishment: Staying Compliant Internationally In a recent case, a Swedish Court ruled that a German company has a permanent establishment (PE) in Sweden despite the fact that the company’s was only performing short-term testing activities and maintained no physical office or storage facility in Sweden. Case Study The company markets a tire inflation pressure…
New Rule Update: Secondment of Employees to Italy On August 10, 2016, the government of Italy announced a decree implementing EU Directive 2014/67/EU into the local law. This specific legislation deals with the new rules on secondments of employees to Italy. The new legislative decree came into full force on December 26, 2016. With this,…
Canada: Where to Play and How to Win? Hear leaders from Global Upside, Boast Capital and provincial representative from the Canadian government as they explore Canada’s accounting, HR, payroll and regulatory “must knows” and take a detailed look at the Scientific Research & Experimental Development (SR&ED) tax credit which provides more than $3.6B in incentives to companies…
Brazil Tax System: Grey and Black List Brazil’s tax authorities have clarified the definition of substantial economic activities, which it uses to determine if a jurisdiction should be deemed to have a privileged tax regime. The clarification came in the normative ruling (NR 1,658/16) published September 2016. Countries deemed to have a privileged tax regime are included on…
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