Alas, Oplas & Co., CPAs’ Post

What did you make of Budget 2025? Don't miss Paraic Burke's analysis of the missed opportunity to implement much-needed tax simplification in his article with @The Irish Times here. #Budget2025 #TaxPolicy

Despite the expected increase in tax revenues brought by foreign direct investments into the country, there is still a need to intensify tax collections from existing taxes. New taxes and other fiscal reform measures, as seen in recent years, should also be taken into consideration. https://lnkd.in/gjPC_fps

Hong Kong SAR: Key tax measures in 2024-25 Budget The financial secretary has delivered the 2024-25 Budget Speech, which focuses on consolidating public finances and gradually restoring fiscal balance by controlling expenditure and increasing revenue. This article provides an overview of the key tax-related proposals, including measures intended to enhance the profits tax system and existing tax incentives. https://lnkd.in/e8DUrrd9

As part of the 2022–23 Budget, the Government announced it would introduce reporting requirements for relevant multinational entities to enhance the tax information they disclose to the public. The new measure is now in place, being enacted on 10 December 2024. This is a transparency measure which requires certain multinational entities (MNEs) to publicly disclose selected tax information on a Country-by-Country (CBC) basis annually, as well as a statement on their approach to taxation. For more information on the measure and what tax information need to be provided, visit https://lnkd.in/gm2g2vET. We are working on guidance about how we will administer the exemptions. A draft will be released in February for consultation. You can also nominate to participate in a consultation group to raise other priority areas for guidance. Check out our business bulletin article for all the details you need. https://lnkd.in/g3PHDVww

Newspaper Article on "Taxes for extravagance?" By Mohammad Shaaf Najib Research Fellow #PIDE The incentive structure holds its importance in the matter of being documented as an individual, organization, or business for taxation matters as well. What the country’s decision-makers fail to realize is that no one in the world pays taxes happily. Instead, taxation is seen as a transaction between the public and the government, where the public pays taxes and expects certain actions and measures or amenities from the government. Read More: https://lnkd.in/dBQBpsfE #TaxPolicy #PublicFinance #GovernmentPolicy #EconomicInsight #PIDE #Research #Taxation #IncentiveStructure

🌍 Ever found yourself managing taxes across different countries? 🤔 Discover how you can prevent double taxation with the Foreign Income Tax Offset (FITO)! Whether you earn abroad or handle international investments, FITO can significantly impact your tax liabilities. Ready to optimize your tax strategy? Explore our latest guide! Read the full article https://lnkd.in/gMsXxqtU and reach out to Aero Accounting Group to maximize your FITO claims and ensure compliance with Australian tax regulations. #TaxSavings #FITO #GlobalIncome #AeroAccountingGroup #AccountingAustralia #AccountingCanberra #AccountingGoldCoast #AccountingSpringwood

"[W]eak tax enforcement distorts the distribution of the local tax burden and limits the size of the public sector. Tax policies enforcing payment of taxes and proposing new technologies for tax collections thus have not only the power to foster tax capacity––a stylized fact in the existing academic literature, but also to enhance the ability to pursue redistributive policies. I hope that this paper will stimulate more research. It would be interesting to study whether my findings also apply in other settings. Further research would greatly improve our understanding of the public finance effects of stricter tax enforcement, particularly in contexts where tax evasion is a long-standing policy concern." article by Enrico Rubolino https://lnkd.in/gHH9Qbck

Stay ahead with updates on Vietnam's personal income tax! Discover key changes for compliance in this evolving fiscal landscape. Read more: https://lnkd.in/gUWiAvH9 Contact us for a FREE consultation! Email: [email protected] #taxation #vietnam

Master the art of filing income tax in Singapore with our comprehensive guide. From gathering necessary documents to navigating the e-filing system, we've got you covered every step of the way. Say goodbye to tax season stress and hello to seamless filing! 💼💻 #SingaporeTaxFiling #StressFreeTax 📑

On 19 June 2024, Bill C-69, Budget Implementation Act, 2024, No. 1, received third reading in the House of Commons and became substantively enacted for Canadian financial reporting purposes. Among other measures, Bill C-69 includes a revised version of Canada’s Global Minimum Tax Act (GMTA), which was previously released for public comment last August. In this Tax Alert, we review certain key differences contained in the revised version of the GMTA. Learn more in our latest Tax Alert, Canada’s Global Minimum Tax Act substantively enacted as part of Bill C-69. Click here to view other recent Tax Alerts and follow us on LinkedIn: @EYCanada.