Transfer pricing in Asia, with a focus on China, Hong Kong, Vietnam and Singapore
On November 23rd, the live webinar organized by ACB and ICC Italia was held, with the participation of Guido Tomatis, Algebra partner, at the invitation of Studio GWA, ACB Member. The event, moderated by Paolo de’ Capitani of Vimercate – Studio Uckmar ACB Member, who also participated as a speaker, saw the voices of professionals with […]
Corporate tax residency: International taxation overhaul
The Italian Government preliminarily sanctioned the new draft of the decree on international taxation last October 2023. The draft has now been forwarded to the Finance Committee of the Chamber of Deputies, signifying a major reform that revises tax residency by altering at least two of the three criteria used to deem companies fiscally resident […]
Big News from Algebra Corporate Services: Expanding into the Philippines!
Today marks an exciting and significant day for us at Algebra. We are thrilled to announce the opening of our new office, Algebra Philippines, Inc., a pivotal step in our company’s growth. Our expansion into the Philippines represents not only a new chapter for Algebra, but also the opportunity to enthusiastically engage with a rapidly […]
Italian Trade Agency Triumphs at Singapore Fintech Festival
We are delighted to share the success of the Italian Trade Agency at the Singapore Fintech Festival 2023, which took place from November 15 to 17 at the Singapore Expo. The festival featured a significant Italian presence, supported by the Italian Ministry of Foreign Affairs and International Cooperation and in partnership with the Italian Association […]
Small business energy incentive
On 30 April 2023, the Australian Government announced it will provide businesses with an annual turnover of less than $50 million with an additional 20% deduction on spending that supports electrification and more efficient use of energy. Eligible assets or upgrades will need to be first used or installed ready for use between 1 July […]
Compulsory Certification of Halal Products in Indonesia
In Indonesia, specific product categories are required to obtain Halal certification. The absence of a Halal license prohibits the sale of these products within the country. Law No. 33 of 2014 on Halal Product Assurance mandates that products entering, circulating, or being traded in Indonesia must be accompanied by a valid halal certificate. Although this […]
Australia, Federal Budget 2023-2024 – Superannuation
The main focus of the 2023-24 Federal Budget is on measures that address cost of living pressures for households in light of high inflation and ongoing economic and geopolitical uncertainty. While a wide range of measures were announced by the Treasurer, here’s a summary of the points specific to superannuation. The Government will introduce legislation […]
Timely Filing of Tax Forms C and C-S: A Must-Do
As we approach the corporate annual tax return season, it’s essential to stay on top of the tax responsibilities. Filing either Form C or Form C-S, also known as the corporate income tax return, is a crucial income declaration for the Year of Assessment (YA) in Singapore. For all companies operating in Singapore, the deadline […]
Introduction of Corporate tax in the UAE from 1 June 2023
Introduction In accordance with the United Arab Emirates (UAE) Federal Decree-Law No. 47 of 2022 pertaining to the taxation of companies and enterprises, commonly referred to as the “Corporate Tax Law,” entities will be liable to pay UAE Corporate Tax commencing from the inception of their initial fiscal year that commences on or after the […]
TP IT-SG-AU Comparation
Search: ITALY TRANSFER PRICINGSUMMARY SINGAPORE TRANSFER PRICING SUMMARY AUSTRALIA TRANSFER PRICING SUMMARY Administrative Approaches to Avoiding and Resolving DisputesResident taxpayers can request a unilateral corresponding adjustment to the Italian tax administration in case of a primary adjustment notified by another Country resulting in double taxation. In case of a foreign primary Transfer Pricing adjustment, the […]
