SEZ – Separate company vs sub-unit
While setting up a business unit in SEZ, one of the most important choices is to decide whether to register a new company or show it as a unit in one of the existing companies….
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Applicability of TDS on purchase of customised pre-printed stationery
To assess the applicability of Section 194C of the Income Tax Act, 1961 on the purchase of cards, prospectus and letterheads printed as per the requirements of the customer, Section 194C has to be read…
Brazil Corporate Taxation
Resident based companies are taxed on the idea of worldwide income. A far off company has got to pay Brazilian taxation as long as it carries out certain sales activities within the country with the…
New Zealand Corporate Taxation
Taxes in New Zealand are collected by the Inland revenue department (IRD) on the behalf of the Government of New Zealand. Taxes are imposed on the basis of the personal and business income, supply of…
Canada Corporate Taxation
As a general rule, corporations resident in Canada are subjected to Canadian corporate income tax (CIT) on worldwide income. Non-resident corporations are subjected to CIT on the basis of the income derived from working on…
Norway Corporate Taxation
Taxation in Norway is imposed by the central government, the county municipality (fylkeskommune) and the municipality(kommune). The important taxes are VAT, income tax in the petroleum sector, employers’ social security contributions. Most direct taxes are…
German Corporate Taxation
Germany charges its corporate taxes from the companies and local residents on their worldwide incomes. German business profits are subject to two taxes, corporation tax and trade tax. In this article, we are going to…
US Corporate Taxation
Corporate taxes are imposed in the US at state and some local levels on the incomes for the purpose of taxation. The trends of the rules and laws followed by the government are seen changing…
New Guidelines of MSE-CDP
Background The Ministry of Micro, Small and Medium Enterprises (MSME), Government of India (GoI) has adopted the Cluster Development approach as a key strategy for enhancing the productivity and competitiveness as well as capacity building…
Micro & Small Enterprises – Cluster Development Programme (MSE-CDP)
Procedure for approval Create a SPV (Section 8 Company)Prepare a Detailed Project Report (DPR) Activities to be done by clusters Common Facility Centers (CFCs)Infrastructure DevelopmentMarketing Hubs / Exhibition Centres by AssociationsThematic InterventionsSupport to State Innovative…