UK: Extension of interim securitization regime

October 26, 2016

Securitization companies are used by some businesses to raise funds by issuing debt to the market and holding assets as security. The transactions depend on the quality of the debt issued and this in turn depends on the rating given by the credit

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Oman calls for forceful implementation of International Financial Reporting Standards (IFRS)

October 27, 2014

Recently, financial report by Middle East official was setting out principles on the significant developments and key changes to keep up with the standards of International Financial Reporting Standards (IFRS). The importance of capitalizing on the

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China: Announces accelerated depreciation method for deferring corporate income taxes

October 16, 2014

The accelerated depreciation methods will be allowed in China to promote technology innovation and economic development. The Executive Meeting of the State Council of China announced on 24 September 2014 that the R&D made on or after 1 January

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New Zealand: Approved new tax rate on employer loans

June 06, 2014

The Revenue Minister has approved the new interest rate on employer’s loan, which will be 6.13% (previously it was 5.90%). This new interest rate will be effective from 1 July of

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Nigeria: Tax implications for adopting IFRS

July 28, 2013

Under the IFRS regime, the circular proposes clarifications as to how specific assets, expenses, and income will be acted for tax motives. It also highlights the position of Nigerian tax authority on other issues, like the tax treatment of costing

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Netherlands: Increased depreciation allowed for second half of 2013

July 21, 2013

In Netherlands an amendment to the depreciation rules is effective from 1 July 2013 allowing entrepreneurs to immediately deduct from tax up to half of the amount of corporate investments in new assets. The temporary “bonus” depreciation rules

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Brazil: Increase in revenue limit to opt for presumed profit method

June 02, 2013

The government of Brazil has again increased the gross income limit for companies to opt for taxation under the presumed profit regime.  Companies electing to use the presumed profit method are taxed on a statutory rate applied to their gross

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