The Indonesian government announces that it will immediately propose and discuss the draft Tax Amnesty Law with the Parliaments. The legislation shall be effective in the 2016 fiscal year. The tax amnesty is the tax policy which grants the remission of taxes (including tax interest and sanction) to certain tax payers in certain periods, which related to previous tax obligation.…

 Doing business in a tax efficient environment - Corporation tax Trading profits of a Cyprus tax resident company are taxed at the rate of twelve and a half percent (12.5%), one of the lowest corporate income tax rates in Europe. Income from trading securities (shares, bonds etc), whether on disposal or due to fair value gains is tax free. In…

We are pleased to inform you that the Reanda International Annual Review 2015 has been published. The Reanda International Annual Review 2015 provides an overview of our network's development and performance for the year 2015. The on-line version of the review is available on: http://www.reanda-international.com/News_Photo/pdf/Annual_Review_2015.pdf

The Reanda International network is pleased to bring to you the latest issue of PRISM – the quarterly tax newsletter, which is part of Reanda’s effort to stay in touch with our clients by sharing updates and insights on the recent taxation changes and current hot topics. Please click here to download a digital copy of the 1st quarter 2016 issue…

(1) Digital Economy Based on the characteristics of business model under digital economy, BEPS re-examines the current tax system, tax treaty, and the existing problems in the transfer pricing rules, and suggests adjustments for domestic legislation and international rules. (2) Hybrid Mismatch Arrangements Based on the model of tax planning comparing two countries or multinational tax system difference, BEPS proposes…

In February 2015, the Australian Government announced that the Australian Taxation Office (“ATO”) will be given the responsibility for both approving foreign investment in residential real estate and a new register of foreign investment in agricultural land. Reasons for giving ATO such power All foreign investment in Australia will be approved by the Australian Treasurer if there is no contrary…