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Income paid to non-residents: tax authority’s explanation of CIT treatment (1/16/19) (0)

18.04.2019

Practice

When preparing corporate income tax (CIT) returns, we have faced some conflicting interpretations of certain practical questions, such as the deadline for filing a residence certificate and the CIT report on income gained by the non-resident. To verify those deadlines and certain taxpayer obligations, we sought the opinion of the State Revenue Service (SRS). This article explores their answers. Read more..

Adjusting input VAT on real estate (2/16/19) (0)

18.04.2019

Practice

Traders that acquire various financial services for improving liquidity and obtaining more current assets might use the Court of Justice of the European Union (CJEU) findings of 27 March 2019 in Case C‑201/18 Mydibel SA. The CJEU heard a dispute over the requirement for adjusting input VAT deducted towards the construction, reconstruction or renovation of real estate (RE) that is later subject to a sale and leaseback agreement. Read more..

Adult education: opportunity not to be missed! (3/16/19) (0)

18.04.2019

Practice

In childhood, each of us dreamed of acquiring a profession. One imagined baking cakes, another felt like repairing a car in the garage, and another one fantasised about building a house every day. Most of our childhood dreams have not come true because our work is very different from our dream profession, but we might indulge in daydreams sometimes. Everything is now possible! But how? There is an excellent opportunity to see our dream come true by acquiring new competences and skills. This article explores the importance of lifelong education and the scope for using it. Read more..

Deducting input VAT on preparations for making taxable supplies (2/15/19) (0)

12.04.2019

Practice

One of the conditions for deducting input VAT on goods or services is that they must be acquired for making taxable supplies, but there is no requirement for such taxable supplies to have been made; the intention to make them will suffice. This article explores a few aspects to consider when it comes to deducting input VAT on activities carried out in preparation for taxable supplies. Read more..

Transfer pricing trends: arm’s length level of debt (3/15/19) (0)

12.04.2019

Practice

Following our series of articles on the OECD’s BEPS public discussion draft on financial transactions (the “Green Paper”), this article explores an arm’s length level of debt for transfer pricing (TP) analysis. Taxpayers are invited to evaluate whether interest charges on a loan made to a related party and the debt itself meet the arm’s length standard. Read more..

 

 
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