Introduction The effect of UAE Corporate Tax Law is immense on international businesses. United Arab Emirates (UAE) is a leading global hub for business and investment, with a diverse and dynamic economy that offers attractive opportunities for domestic and foreign investors. The UAE has recently introduced a Federal Corporate Tax (CT) law that will apply … Read more
Introduction: Incorporating a company in the United Arab Emirates (UAE) involves several steps and considerations. The UAE is known for its business-friendly environment, tax benefits, and strategic location, attracting many entrepreneurs and investors. Steps for Incorporating a Company in UAE: Determine the type of company: The UAE offers various types of business entities, including mainland … Read more
Introduction: Singapore, often referred to as the “Lion City,” offers numerous advantages that make it an attractive destination for businesses. Renowned for its strong economy, political stability, and pro-business environment, Singapore provides a strategic gateway to the thriving markets of Asia and beyond. It is also the preferred seat of arbitration by global leaders. This … Read more
1. Introduction Businesses run by families are a prevalent norm in the country. For the continuous longevity of the family business, it is often fruitful to do succession planning, to avoid disputes and conflicts amongst various family members. Consequently, an effective succession planning process ensures that the allocation of assets and properties is in consonance … Read more
Introduction The Industrial Policy of 1991 introduced the scheme of LPG, i.e. Liberalisation, Privatisation, and Globalisation. Since then, India has grown manifold in terms of overseas Investment. Furthermore, it has diversified its financial reach in terms of both geography and industrial makeup. According to the Ministry of Economic Affairs, Government of India, the market for … Read more
Our charges for the professional services for Form 10F and No PE Declaration or Form 10F Online, PAN, No PE Declaration are as given as under. Further, you can add the amount to be paid in the payment column with your email ID and we shall contact you for the next steps too. Additionally, you … Read more
Introduction PAN Aadhaar linking has become a necessity in today’s times. It is a well-known fact that Aadhaar and PAN are two of the most important documents for Indian citizens. So, let’s understand the importance of the two documents and their linking. Aadhaar is a 12-digit unique identification number. The Unique Identification Authority of India … Read more
Meaning of Place Of Effective Management (i.e. POEM):- Place of effective management (POEM) is a place where : – Key management, and commercial decisions that are necessary for the conduct of the business of an entity as a whole are, in substance made. “Furthermore, the Place of Effective Management is an globally acceptable test. “Moreover, the purpose of this is to … Read more
Overview Income tax Singapore Singapore follows a territorial system of taxation. Additionally, it’s worth noting that Income Tax in Singapore also provides for certain tax incentives and schemes, accordingly businesses and individuals may be eligible for lower effective tax rates. Singapore has an extensive tax treaty network, which provides relief from double taxation for income … Read more
An effective scheme of buy back of shares can increase shareholders’ return and aid in distribution of surplus cash. Provision for taxability on buy back of shares Section 115QA of Income Tax Act, 1961 Rate of tax on buy back of shares 20% + surcharge + cess (HEC) Provision governing buy back of shares Section … Read more