Doing Business in the UK

The United Kingdom consists of Great Britain and Northern Ireland. Great Britain consists of England and Wales and Scotland. The legal systems in the territories of the United Kingdom do differ in certain respects particularly in connection with land law. Certain taxes are devolved or becoming devolved but basically the legal systems allow anything to… Read More

Malta : A Tax Efficient Jurisdiction

Malta’s tax legislation provides for a number of benefits which can be derived by companies and their shareholders. The tax rules can lead to a tax burden in Malta which is significantly reduced or completely eliminated in certain cases, and the following are some of the key tax benefits which Malta can offer. Imputation system… Read More

Recent Development of Advance Pricing Arrangement in Taiwan

Since the implementation of the transfer pricing guidelines in 2004, the tax authorities have entered into approximately ten Advance Pricing Arrangements (APA). The total number of APAs is low in the last ten years in comparison with that of other countries. To promote APAs, Taiwan’s Ministry of Finance (MOF) amended the transfer pricing guidelines on… Read More

Doing Business in Puerto Rico

Introduction The Commonwealth of Puerto Rico (“PR”) is a self-governing territory of the United States of America (“US”) with approximately 3,750,000 inhabitants. Located between the Atlantic Ocean and the Caribbean Sea, PR governs its internal affairs in a manner similar to that of the other 50 states of the US. The US has jurisdiction over… Read More

Refunds of Excess VAT Accumulated During Mineral Exploration

Refunds of value added tax (VAT) incurred in connection with the export of goods[1] has lately become a pressing issue. Despite the fact that tax legislation clearly sets out the procedure for refunding excess VAT, in reality taxpayers encounter a number of obstacles. This article focuses on excess VAT accumulated during exploration prior to the… Read More

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