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The simple answer - no Taxes are based on the origin of the funds, not the transfer itself. If the money in your account has already been taxed (based on how you earned it), then transferring it out doesn't create a new tax obligation in South Africa. #taxtechglobal #makingtaxwork #dta #taxtips #tax

What are some of the tax reliefs available to Start-ups in Nigeria. We discuss the Pioneer Status tax incentive in our short read. Lets have your thoughts on how Start-ups can benefit from this tax incentives. #taxincentive #tax #incentive #hauteandpeers

[#TaxNews] Nigeria’s Federal Government has approved a new withholding tax regulation to address long-standing challenges in the tax system, which will be published in the official gazette in the coming days. Stay tuned for our comprehensive review of the impact of these changes on businesses and the economy of Nigeria at large. #Stransact #Tax #Consulting #WithholdingTax #TaxRates #Nigeria

🇭🇺 Want to learn more about taxation in Hungary? Check out our infographic for a summary of the information every entrepreneur should know about the Hungarian #tax system in 2024. Find out more below 👇 https://lnkd.in/dQbdMed5

Thailand to "Tax the Worldwide Income of Individuals"? https://lnkd.in/gHQnE62N #tax #taxes #accounting #taxlaw #taxation #taxattorney #taxlawyer #accountant #accountants #advisory #expat #expats

🚨 Nigerian Small Businesses: Big Tax Relief Incoming! 🚨 The new Withholding Tax Regulations 2024 offer major benefits like exemptions for businesses under ₦25 million turnover and reduced rates for low-margin businesses. 📅 Starts January 2025 (with early adoption from July 2024). Swipe through the carousel to learn how this affects your business! 👉 #TaxRelief #NigerianBusiness #WithholdingTax #SmallBusinessNigeria #EcommerceTips #InstagramVendors #BusinessGrowth #Nigeria

Romania's tax reforms: a step towards modernisation and equity http://spr.ly/60405U6Gi Miruna Enache of EY Romania reports on the country’s bold introduction of a minimum turnover tax as its digital tax transformation continues apace, while the potential adoption of progressive taxation is still hotly debated #internationaltaxreview #tax #taxpolicy #internationaltax #romaniatax #eyromania

Thinking about moving to Italy? Discover how the Flat Tax program can simplify your transition with a fixed tax on foreign income. Contact our experts today to get a full guide and make your move faster and smoother!🇮🇹🏡 #italy #flattax #nestseekers

#InternationalTax #WorldTaxNews [New Column] Taxmann’s World Tax News provides a weekly snippet of tax news from around the globe. Here is a glimpse of the tax happening in the world this week. Topics Covered: • France affirms the applicability of Most Favored Nation (MFN) clause to dividend income with Kenya • Slovenia releases Minimum Tax Act ensuring 15% tax on MNEs • Philippines imposes 1% withholding tax on online merchants Read the Full Column: https://lnkd.in/djaEXp9B [3 Mins | Read Time] Drafted by Taxmann's Editorial Team 𝐅𝐨𝐫 𝐃𝐚𝐢𝐥𝐲 𝐓𝐚𝐱 & 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐋𝐚𝐰 𝐔𝐩𝐝𝐚𝐭𝐞𝐬, 𝐅𝐨𝐥𝐥𝐨𝐰 '𝐓𝐚𝐱𝐦𝐚𝐧𝐧' 𝐨𝐧 𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩: https://lnkd.in/dXuaSZhc #TaxmannUpdates #MFN #OECD #MNEs

📢 🇷🇴 Romania introduces a new #tax #amnesty program 💸 On 6 September 2024, the Romanian #government adopted Emergency Ordinance no. 107/2024 regulating a nationwide tax amnesty generally aimed at cancelling late payment interest and penalties, as summarised in the article below 👇 📌 Key points covered: 👉 Taxpayers can benefit from a waiver of interest, penalties and other additional charges for outstanding debts as of 31 August 2024; 👉 Profit taxpayers, microenterprise taxpayers and tax groups may benefit from a discount for the payment of certain tax liabilities. Further instructions are expected for the application of the tax amnesty program. 📩 For more insights or questions, contact Theodor Artenie, Counsel in Bucharest and Head of the local Tax service line. ✍️Carmen Mazilu, Senior Tax Advisor, co-authored the article above. 🔗 https://lnkd.in/eQWk4-AU #Romania #TaxAmnesty #TaxRelief #TaxUpdates #DoingBusinessInRomania #FiscalUpdates #Tax