UK: Research and Development (R&D) Tax Credits are a UK tax incentive designed to encourage companies to invest in R&D. It can even be claimed on unsuccessful projects.
Companies can REDUCE CORPORATION TAX or CLAIM PAYABLE CASH CREDITS as a proportion of their R&D expenditure.
SINGAPORE: Financial Technology is transforming financial services in a way not seen before: mobility, connectivity, digital payments, blockchains, big data… are just few of the new FinTech challenges and possibilities.
SINGAPORE: Singapore and Vietnam have signed a set of Memoranda of Understanding (MOU) to work together in different areas, from financial to renewable energy industry, through environmental protection and trade rules.
The EU regulation 2016/679 on the protection of personal data of natural persons (GDPR) will become binding from the 25th of May 2018.
The new GDPR introduces important innovations: it is not a simple update of the forms, but a general rethinking of its policy of processing personal data, with sanctions substantially increased for those who disregard it.
Financial, technology and trade hub of the Far East, Singapore is a strategic location to set up your business if you’re planning to expand in the Asian market.
Our experts at Kelmer Singapore have analyzed and highlighted the benefits Singapore provides to startups and entrepreneurs.
CHINA: Within 2018, the Chinese government tax legislation will be implemented to encourage more innovation and reduce the tax burden of smaller companies.
The new legislation has been considered from many to implement the whole system of taxation with the goal of opening up and develop the country's legislation in order to meet fast growing needs of Citizens.
UK: Leading accountancy firms have warned that the recent collapse of Carillion is expected to cause a rise in the number of construction companies going bust due to being subcontractors in its supply chain and so missing out on payments.
Following the winding up orders, which were made against Carillion Plc and associated companies in January 2018, and the subsequent woes from subcontractors that the industry is “systemically broken”, there were calls from the public for the government to act and introduce new changes in construction practices.
The Free Trade Agreement between European Union and Singapore (EUSFTA) will soon be approved by the Council of Ministers and ratified by the European Parliament. The aim is for the EUSFTA to come into force before the European Commission's mandate ends in 2019.
In line with the expansion plan in the Far East, Kelmer Group is sponsoring an exclusive seminar organized by the Italian Chamber of Commerce in the Philippines, that focuses on the investment and business opportunities in the Philippines.
On March 29 2018, Hong Kong’s Legislative Council passed Inland Revenue (Amendment) (No. 3) Ordinance 2018 (the Ordinance) to implement the two-tiered profits tax rates regime announced in the 2017 Policy Address.
The two-tiered profits tax rates regime will be applicable to any year of assessment commencing on or after April 1, 2018. The profits tax rate for the first $2 million of profits of corporations will be lowered to 8.25 per cent. Profits above that amount will continue to be subject to the tax rate of 16.5 per cent. For unincorporated businesses (i.e. partnerships and sole proprietorships), the two-tiered tax rates will correspondingly be set at 7.5 per cent and 15 per cent. A tax-paying corporation or unincorporated business may save up to $165,000 and $150,000 each year respectively.