Tuesday, 12 June 2018 08:24

UAE joins Inclusive Framework on BEPS

The OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) and its 108 members tackles tax avoidance by ensuring the implementation of the measures agreed through the BEPS Project, which targets multinational enterprises’ aggressive tax planning practices. In particular, four “minimum standards” are at the core of the BEPS measures: harmful tax practices, treaty abuse, country-by-country reporting and dispute resolution mechanisms.

Tuesday, 12 June 2018 08:07

China’s highest cut in import duties on some consumer goods

This May the executive meeting of the State Council, chaired by China’s Premier Li Keqiang, has decided to reduce again the tariff on certain kind of imported consumer goods. This is the fifth tariff adjustment in four years for daily life consumption product: the new regulation will start from 1 July 2018 and will cover a wide range of daily life products. More specifically, it involves a number of 1,449 items, from products such as clothes and cosmetics to washing machines.

Monday, 04 June 2018 05:28

Pension scheme in UK

UK: An employer must have an automatically enrolment pension scheme in place by their duty start date, if they have someone to automatically enrol on this date, and they need to pay contributions into it.

Tuesday, 29 May 2018 11:08

Research and Development: Tax Credits Relief

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.

Tuesday, 22 May 2018 07:38

Singapore FinTech Festival 2018: focus on ASEAN and AI

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.

Tuesday, 15 May 2018 11:50

Singapore and Vietnam cooperation to facilitate business opportunities

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.

Wednesday, 25 April 2018 13:03

Are you ready for GDPR?

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.

Tuesday, 08 May 2018 10:45

Advantages of starting a business in Singapore

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.

Thursday, 26 April 2018 10:19

Clarification about the Chinese VAT new rules

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.

Tuesday, 01 May 2018 10:55

UK Construction Industry Scheme: are you liable?

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.

Monday, 23 April 2018 10:33

Ratification of the EU-Singapore FTA is moving forward

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.

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