ALFI - Association of the Luxembourg Fund Industry’s Post

While the Double Taxation Agreement (DTA) process imposes no ceiling on protecting foreign sourced income, confusion often arises from its connection with section 10(1)(o)(ii) of the Income Tax Act. This section limits the exemption to the first R1.25 million of foreign employment remuneration. Before claiming the section 10 exemption, specific requirements must be met. Income exceeding the R1.25 million threshold will be subject to standard income tax. For more information, read our FAQ article: https://bit.ly/3uFjv9n #TaxFacts #IncomeTax #DTAProcess #Clarification

The OECD’s Pillar Two framework aims to ensure that MNEs with global revenues exceeding € 750 million pay a minimum effective tax rate on income arising in each jurisdiction in which they operate. To help you understand the OECD’s Pillar 2 framework, our tracker indicates the current status of the implementation of the Pillar Two rules around the world. Read more here: https://lnkd.in/gQYmqzrG #bdo #tax #taxnews #pillar2

The Australian Taxation Office (ATO) released new disclosure requirements in the 2024 Reportable Tax Positions (RTP) Schedule, focusing on international related party intangibles migration arrangements (IMAs) and DEMPE activities, as well as their implications for taxpayers. In this article, A&M Tax experts discuss the significance of these changes in light of the ATO's ongoing focus on transfer pricing and anti-avoidance measures, and provide insights on how taxpayers can effectively navigate the complexity of these requirements. Read the full article: https://okt.to/jyvTNr #AustralianTax #RTP

The Australian Taxation Office (ATO) released new disclosure requirements in the 2024 Reportable Tax Positions (RTP) Schedule, focusing on international related party intangibles migration arrangements (IMAs) and DEMPE activities, as well as their implications for taxpayers. In this article, A&M Tax experts discuss the significance of these changes in light of the ATO's ongoing focus on transfer pricing and anti-avoidance measures, and provide insights on how taxpayers can effectively navigate the complexity of these requirements. Read the full article: https://okt.to/xC7oek #AustralianTax #RTP

The OECD’s Pillar Two framework aims to ensure that MNEs with global revenues exceeding € 750 million pay a minimum effective tax rate on income arising in each jurisdiction in which they operate. To help you understand the OECD’s Pillar 2 framework, our tracker indicates the current status of the implementation of the Pillar Two rules around the world. Read more here: https://lnkd.in/gQYmqzrG #bdo #tax #taxnews #pillar2

The OECD’s Pillar Two framework aims to ensure that MNEs with global revenues exceeding € 750 million pay a minimum effective tax rate on income arising in each jurisdiction in which they operate. To help you understand the OECD’s Pillar 2 framework, our tracker indicates the current status of the implementation of the Pillar Two rules around the world. Read more here: https://lnkd.in/gQYmqzrG #bdo #tax #taxnews #pillar2

⏰ 8 days remaining to file these tax forms Did you take this bad habit to file these withholding tax returns quarterly/semi-annually/annually? You may consider changing this after reading the below strict rules and short 8-days notices : 👉 A withholding tax return must be filed within 8 days after a dividend is made available to the shareholder(s), even in cases where there is no withholding tax due. 👉 A withholding tax return must be filed within 8 days after a director’s fee remuneration is made available. Follow B&R Consulting Luxembourg page where we post about tax and accounting best practices to help you keeping compliant with Luxembourg regulation.

In the ever-evolving landscape of international taxation, staying informed is not just beneficial but essential. In the Latest BEPS and Beyond edition we dive into developments across the globe such as the feedback statement in Ireland on the participation exemption, Directive on Faster and Safer Relief of Excess Withholding Taxes (FASTER) and evolution of Pillar Two across multiple jurisdictions. Get all the insights in the BEPS and Beyond tax alert here. #EY #TaxUpdate #BEPS #MindsMadeforFS #GlobalTax #InternationalTaxation

Have you read the latest EU Tax Focus notes? - Catarina Gomes Correia draws attention to the new “elephant in the room”: a minimum tax on billionaires that is suddenly trending. Will the EU jump on this train? - Madalina Cotrut uses Unshell's working documents to assess whether the reasons and benefits invoked by the Commission for Member States to adopt the proposal are justified, realistic, and desirable. Great readings just by clicking here: https://bit.ly/3yO4tQS Don’t forget to subscribe to have them delivered straight to your inbox! #EUTaxFocus #Taxation #HNWI #minimumtaxation #unshell #EUTLSG #IBFD Catarina Gomes Correia Madalina Cotrut

The Inland Revenue Authority of Singapore (IRAS) conducts risk-based and random audits to ensure tax compliance by taxpayers. In April 2024, withholding tax (WHT) was highlighted as key area of focus for corporate tax compliance. -> Learn the common WHT mistakes -> Practical steps on what taxpayers can do to avoid non-compliance and penalties For the full article, click here: https://bit.ly/45qNj7y