Paywall-free reading of new articles and a century of archives unlock access to ios/android apps to save editions for offline reading six issues a year in print, online, and audio editions.

Residency [ edit ]

Public consultation on the following measures has recently concluded: new interest limitation rules that will replace the existing thin capitalisation safe harbour, worldwide gearing and arm’s length debt tests. These new rules will apply for income years commencing on or after 1 july 2023 denial of income tax deduction for payments made by a significant global entity to a related entity with respect to intangible assets connected with low corporate tax jurisdictions. The new rules will apply to in-scope payments made or credited, or liabilities incurred on or after 1 july 2023

prof. Dr pasquale pistone, academic chairman, ibfd, the netherlands deputy editor-in-chief prof. Dr joão félix pinto nogueira, deputy academic chairman, ibfd, the netherlands managing editor dr joanna wheeler, senior principal research associate, ibfd, the netherlands project coordinator cristian san felipe maestre, ibfd, the netherlands editorial board prof. Dr pasquale pistone, academic chairman, ibfd, the netherlands (chair) board prof. Dr jennifer roeleveld, professor of tax law, university of cape town, cape town, south africa prof. Dr diane m. Ring, professor of law, boston college law school, boston, united states prof. Dr luis eduardo schoueri, chairman of tax law, university of são paulo law school; partner, lacaz martins, pereira neto, gurevich & schoueri advogados; vice-president, brazilian tax law institute; vice-president, chamber of commerce, são paulo, brazil.

Back to the top increasing globalization has led to a decline in barriers when businesses are looking to expand into new markets around the world. Tax remains one of the central considerations when evaluating a business opportunity. The complexities and intricacies of navigating different tax systems has proven to be a challenge for multinationals that operate in more than one country. This edition of our annual insight piece is aimed at providing a high-level overview of the tax consequences that face businesses planning to expand international operations. Understanding the uniqueness of different tax systems presents an opportunity for businesses to plan and structure their affairs in the most tax efficient manner.

Present your purchased goods, vat refund receipt, passport, and international credit card at the vat refund booth to get an on-site refund in cash. However, if the tax refundable goods are already endorsed with clearance to carry out, the receipt must be submitted at the customs office or designated refund service desks. Another note to remember is that tax refund booths outside of the airport can only provide refunds offered by their respective company. Only the booths inside the airports and ports can provide total refunds, regardless of company. Tip) refunds for alipay and unionpay may differ from the aforementioned; visitors are advised to check with their credit card company before processing.