Corporate Tax Crimes. Martin Gitau 24 June 2016
|
|
|
- Hilda Palmer
- 5 years ago
- Views:
Transcription
1 Corporate Tax Crimes Martin Gitau 24 June 2016
2 Presentation Outline Introduction Tax Crimes and evasion schemes Government response Legal Provisions Sham Transactions International Tax Crimes Example Conclusion Question and answers The Annual Budget Review & Emerging Tax Issues Seminar 24/06/2016 2
3 Introduction What is Tax Crime? A crime is an act commitment or omitted for which punishment is imposed Tax Crimes can therefore be defined as Acts or omissions that are in violation of tax laws and regulations Tax evasion Application by the taxpayer of illegal or fraudulent means to defeat or lessen the payment of a tax The Annual Budget Review & Emerging Tax Issues Seminar 24/06/2016 3
4 Why do Taxpayers evade tax Lack of effective planning measures Inadequate knowledge of taxation Perceived unrealistic tax regimes Lack of integrity Defraud the government The Annual Budget Review & Emerging Tax Issues Seminar 24/06/2016 4
5 Tax Evasion Schemes Two sets of account Imperial Bank Case Split Payroll Expatriates paid partly in other Jurisdiction and partly in Kenya Treaty shopping LOB Fictitious documents To increase expenses and input VAT claimable Failure to declare all income CMC saga (account in Jersey) The Annual Budget Review & Emerging Tax Issues Seminar 24/06/2016 5
6 Tax Evasion Schemes False returns Forging of documents Customs Under-declaration in customs Transfer mispricing Tax Inversion Cooking of books- Tiger industry The Annual Budget Review & Emerging Tax Issues Seminar 24/06/2016 6
7 Tax Evasion Schemes Not remitting withheld tax, PAYE, NSSF, WHT etc Using business funds for personal use- Chase bank Creation of tax losses Creation of huge Specific provisions (bad debts) Transfer Mispricing Fraudulent claims The Annual Budget Review & Emerging Tax Issues Seminar 24/06/2016 7
8 Government response LOB treaty, Finance Act, 2014 (Kenya Qatar DTA) to curb Treaty shopping Tax Treaty on sharing of information Tax Beyond Borders Initiative Kenyan appointed to head it Punitive Tax penalty (200% - TPA) The Annual Budget Review & Emerging Tax Issues Seminar 24/06/2016 8
9 Government response Aggressive TP audits Building capacity KRA staff Digitalization of system i-tax, ETR etc Tax Amnesty Loopholes in tax laws being sealed WVAT Regular KRA audits The Annual Budget Review & Emerging Tax Issues Seminar 24/06/2016 9
10 Legal Provisions Tax Procedure Act 2015 imposes hefty penalties on tax avoidance (double the tax avoided- Section 85 of the TPA) Directors and Senior Management of companies to be liable for taxes of a company in the event of tax evasion The Annual Budget Review & Emerging Tax Issues Seminar 24/06/
11 Legal Provisions Tax Procedure Act 2015 Failure to submit a document attracts a penalty of KShs 1,000 for each day of default subject to a limit of KShs 50,000 (Section 82 of the TPA) To prevent document forgery The Annual Budget Review & Emerging Tax Issues Seminar 24/06/
12 Legal Provisions Section 24 of the Income Tax Act- Shortfall Distribution Section 42 Excise duty Act, 2015 prohibits any tax avoidance Section 23 of the Income Tax Act prohibits transactions designed to avoid tax liability Section 66 of the VAT Act, 2013 prohibits Tax avoidance schemes The Annual Budget Review & Emerging Tax Issues Seminar 24/06/
13 Sham Transactions The Annual Budget Review & Emerging Tax Issues Seminar 24/06/
14 International Tax Crimes Enron Saga in the US and Anderson The Maxwell Pension debacle in the UK Parmalat in Italy CEO imprisoned Tax Inversion - Pfizer Maddoff Investment scandal Chickengate scandal Smith and Ouzman company The Annual Budget Review & Emerging Tax Issues Seminar 24/06/
15 Tax Evasion Case Republic vs Kenya Revenue Authority ex parte Iron Art Ltd (2015) eklr Republic vs Kenya Revenue Authority ex parte Bata Shoe Company Ltd (2014) eklr The Annual Budget Review & Emerging Tax Issues Seminar 24/06/
16 Conclusion The Annual Budget Review & Emerging Tax Issues Seminar 24/06/
17 Caveats The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although I endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. The Annual Budget Review & Emerging Tax Issues Seminar 24/06/
18 Thank You!
19 Q & A Session
ICPAK Tax Training. Topical Tax Issues and Corporate Tax Crimes. 29 January CPA Robert Waruiru
ICPAK Tax Training Topical Tax Issues and Corporate Tax Crimes 29 January 2015 CPA Robert Waruiru 30/01/2015 Topical Tax Matters Presentation Overview Topical tax matters Tax crimes -Why do tax payers
Tax Planning & Tax Risk Management. Martin Gitau 23 June 2016
Tax Planning & Tax Risk Management Martin Gitau 23 June 2016 Presentation Outline Introduction Tax Planning Tax Risks Tax Management Conclusion Question and answers Tax Planning & Tax Risk Management 24/06/2016
Tax Alert Tax Procedures Act 2015
www.pwc.com/ke Tax Alert Tax Procedures Act 2015 Unified tax procedures will ease compliance burden The President assented to the Tax Procedures Bill on 15 December 2015. The Cabinet Secretary for the
Tax Dispute Resolution Mechanism Presentation by: Stanley Ngundi Tax Manager, Ernst and Young LLP.
252157 Tax Dispute Resolution Mechanism Presentation by: Stanley Ngundi Tax Manager, Ernst and Young LLP Equity in Taxation The principle of equity in Taxation which is now anchored in the Kenya Constitution
ICPAK Tax Workshop. Employee Taxation. Withholding tax. 24 January /27/2014 1
ICPAK Tax Workshop Employee Taxation Withholding tax 24 January 2014 1/27/2014 1 Employee Taxation The tax year for individuals runs from 1 January to 31 December Chargeable Income: For each year of income
Tax Healtchecks. Mbiki 2016 Grant Thornton International Ltd. All rights reserved.
Tax Healtchecks Mbiki Kamanjiri @ 2016 Grant Thornton International Ltd. All rights reserved. Preamble Section 15(2)(g) Then the Pharisees went and plotted how they might entangle Him in His talk.. Is
Taxation of individuals Presentation by: Ruth Njoroge-Mwiti Tax Manager, PKF Taxation Services Friday 13 April 2018
Taxation of individuals Presentation by: Ruth Njoroge-Mwiti Tax Manager, PKF Taxation Services Friday 13 April 2018 PAYE issues facing taxpayers Failure to file monthly PAYE returns Non payment of PAYE
Managing KRA Audits in the Era of Desktop Audits Presentation by: CPA Francis Musyoka Thursday, 30 th November Uphold public interest
Managing KRA Audits in the Era of Desktop Audits Presentation by: CPA Francis Musyoka Thursday, 30 th November 2017 Uphold public interest Presentation agenda Introduction KRA Audit Triggers Process of
Tax Incentives Under itax and Recent Changes and Emerging Issues. Presentation by:
Tax Incentives Under itax and Recent Changes and Emerging Issues. Presentation by: David Busaule Business Transformation Office, Domestic Taxes Department, KRA Friday, 13 th April, 2018 Uphold public interest
Member States capabilities in fighting tax crimes
Slovenia Tax avoidance is understood as a legal act - unless deemed illegal by the tax authorities or, ultimately, by the courts - of using tax regimes to one's own advantage to reduce one's tax burden.
Tax Procedures Act Grant Thornton International Ltd. All rights reserved.
Tax Procedures Act 2015 Changes in Tax Administration VAT Act 2013 Finance Act 2016 Tax Appeals Tribunal Act 2013 Tax Procedures Act,, 2015 Finance Act 2017 New Income Tax Act? Excise Duty Act 2015 Tax
Withholding Tax Training for NPOs Presentation by:
Withholding Tax Training for NPOs Presentation by: Caleb Mokaya CPA Friday, 12 th May 2017 Presentation Outline 1 2 3 4 5 6 7 8 Overview of Withholding Tax (WHT) Payments Subject to WHT Legal provisions
Global Mobility Services: Taxation of International Assignees Kenya
www.pwc.com/ke/en Global Mobility Services: Taxation of International Assignees Kenya People and Organisation Global Mobility Country Guide (Folio) Last Updated: May 2018 This document was not intended
CPA Esther Wahome. Thursday, 16 August 2018
Current trends in international tax planning (focus on BEPS). Presentation by: CPA Esther Wahome Senior Manager Taxation Services Deloitte & Touche Thursday, 16 August 2018 Uphold public interest Contents
TAX NEWS & COMMENT MEMORANDUM
LAW OFFICES, J.D., LL.M. 2001 MARCUS AVENUE LAKE SUCCESS, NEW YORK 11042 (516) 466-5900 SILVERMAN, DAVID L. TELECOPIER (516) 437-7292 NYTAXATTY@AOL.COM AMINOFF, SHIRLEE AMINOFFS@GMAIL.COM TAX NEWS & COMMENT
ICPAK s Tax Management for PBOs Workshop
ICPAK s Tax Management for PBOs Workshop KRA In-depth Audits 27 th July 2018 Presentation by Michael Mutisya Kasingiu Presentation Layout 1. Introduction 2. Legislation 3. Types of Audits 4. Scope of Audits
Expanding the Tax Base in Kenya: A Case for Innovation
Expanding the Tax Base in Kenya: A Case for Innovation Presentation by: Robert Waruiru Associate Director, KPMG Advisory Services Limited CCPA-K September 2017 TABLE OF CONTENTS Introduction Trends in
Tax proposals 2017/2018
Tax proposals 2017/2018 Budget objectives Support growth & domestic production Reduce income inequality Promote job creation Improve tax administration & compliance Enhance social security & welfare 2017/2018
Annual allowances are given on capital expenditure incurred in the mining of specific minerals as follows:
QUESTION ONE (a) (i) Taxation of Pension Income In case of period income, the first Ksh.180,000 p.a. (15,000 p.m) is tax exempt if from registered pension schemes only. In case of lumpsum income, the first
Withholding Tax (WHT) Presentation by: Robert Waruiru Associate Director, KPMG Advisory Services Limited CPA-K April 2018
Withholding Tax (WHT) Presentation by: Robert Waruiru Associate Director, KPMG Advisory Services Limited CPA-K April 2018 TABLE OF CONTENTS Introduction: What is Withholding Tax? WHT for residents and
Taxation of Public Benefit Organizations. Uphold public interest
Taxation of Public Benefit Organizations Uphold public interest Presentation by: Caleb Mokaya Friday, 15 th September 2017 Presentation agenda Introduction Corporate Tax Consideration Tax Obligations General
SOLUTION 1. (b) 1. Tax Avoidance
SOLUTION 1 (a) Income Splitting This is where income from an entity or person with higher marginal rate of tax is transferred to another entity or person with a lower marginal rate of tax. For instance
IMPACT OF TAX AVOIDANCE AND TAX EVASION ON ECONOMIC GROWTH: ISSUES AND CHALLENGES.
THE IMPACT OF TAX AVOIDANCE AND TAX EVASION ON ECONOMIC GROWTH: ISSUES AND CHALLENGES. By BY-MIKE C OYERE * 1 INTRODUCTION The tax avoidance and tax evasion as used in this work refers to schemes, arrangements,
KENYA BUDGET REVIEW/ HIGHLIGHTS: FISCAL YEAR 2016 / 2017 Theme: Consolidating Gains for a Prosperous Kenya.
KENYA BUDGET REVIEW/ HIGHLIGHTS: FISCAL YEAR 2016 / 2017 Theme: Consolidating Gains for a Prosperous Kenya. The Kenya budget speech for the financial year 2016/ 2017 was made on the 8th of June 2016 by
Base erosion & profit shifting (BEPS) 25 May 2016
Base erosion & profit shifting (BEPS) 25 May 2016 Introduction Important to distinguish between: Tax avoidance Using legal provisions to minimise tax liability Covers interventions that are referred to
SENATE, No. 685 STATE OF NEW JERSEY. 217th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 2016 SESSION
SENATE, No. STATE OF NEW JERSEY th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 0 SESSION Sponsored by: Senator RONALD L. RICE District (Essex) SYNOPSIS Makes residential mortgage fraud a separate crime.
Direct Tax and Employee Tax Bootcamp
Direct Tax and Employee Tax Bootcamp Deloitte Place, Nairobi November 2016 Contents Corporation Tax Withholding Tax Pay As You Earn 2014 Deloitte & Touche 2 Corporation Tax 2016 Deloitte & Touche 3 Outline
Tax Seminar: Transfer Pricing A Customs Perspective. Peter Caxton Kinuthia Director, Tax Services KPMG Kenya. 30 April 2015
Tax Seminar: Transfer Pricing A Customs Perspective Peter Caxton Kinuthia Director, Tax Services KPMG Kenya 30 April 2015 Presentation Outline Background TP and Customs Valuation Worldwide Developments
ZIMRA 2017 REVENUE FOCUS AREAS COLLABORATED SEMINAR BETWEEN ICAZ AND ZIMRA 26 JANUARY 2017 RAINBOW TOWERS
ZIMRA 2017 REVENUE FOCUS AREAS COLLABORATED SEMINAR BETWEEN ICAZ AND ZIMRA 26 JANUARY 2017 RAINBOW TOWERS ZIMRA S MANDATE The Authority s mandate is derived from Section 4 of the Revenue Authority Act
INCOME TAX POLICY Looking Ahead
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA INCOME TAX POLICY Looking Ahead Presentation at the 4 th Annual Tax Convention Presented by : CPA Fredrick Riaga Chief Manager Public Policy and Research
Taxation of NGOs Presentation by:
Taxation of NGOs Presentation by: Caleb Mokaya CPA Thursday, 11 th May 2017 Upholding Public Interest Table of contents 1. Background 2. Registration 3. Corporation Tax 4. Value Added Tax 5. Customs and
International Tax Kenya Highlights 2019
International Tax Updated February 2019 For the latest tax developments relating to Kenya, see Deloitte tax@hand. Investment basics: Currency Kenyan Shilling (KES) Foreign exchange control No, but banks
INCOME TAX WORKSHOP Taxation of Individuals Presenter: Francis Kamau
INCOME TAX WORKSHOP Taxation of Individuals Friday, 7 th April 2017 Presenter: Francis Kamau Employee taxes Chargeable income For the purposes of section 3(2)(a)(ii), an amount paid to- a person who is,
Tax principles workshop : The Building blocks of a sound tax system
Tax principles workshop : The Building blocks of a sound tax system 27 January 2017 CPA Starlings Muchiri Partner East African Tax Consulting Mobile: 0722 33 27 29 Email: starlings@taxeac.com INCOME TAX
HOW TO EFFECTIVELY MANAGE EXPATRIATE PAYROLLS? 6 September 2017 [Shohana Mohan, Johannesburg South Africa]
![HOW TO EFFECTIVELY MANAGE EXPATRIATE PAYROLLS? 6 September 2017 [Shohana Mohan, Johannesburg South Africa]](/thumbs/87/96816836.jpg "HOW TO EFFECTIVELY MANAGE EXPATRIATE PAYROLLS? 6 September 2017 [Shohana Mohan, Johannesburg South Africa]")
HOW TO EFFECTIVELY MANAGE EXPATRIATE PAYROLLS? 6 September 2017 [Shohana Mohan, Johannesburg South Africa] 1 LET S TEST YOUR KNOWLEDGE ON EXPATRIATE TAX What does an expatriate mean? A a person who lives
Kenya s Finance Act An Update on Kenya s Taxation Regime
Kenya s Finance Act 2015 An Update on Kenya s Taxation Regime INTRODUCTION Every year, the budget process in Kenya culminates in the enactment of a finance act. For the FY 2015/2016, the Finance act was
FOREWORD. Kenya. Services provided by member firms include:
FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are there
CONVERGENCE OF TAX TRENDS IN THE EAC
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA CONVERGENCE OF TAX TRENDS IN THE EAC ICPAK 4TH ANNUAL TAX CONFERENCE INCOME TAX POLICY The Context, Objectives, Strategies & Risks Presented by : Ms.
MANAGING THE RISK OF FRAUD IN A GLOBAL ENVIRONMENT
MANAGING THE RISK OF FRAUD IN A GLOBAL ENVIRONMENT PRESENTED BY DR. JOSHUA A. OKUMBE CHIEF EXECUTIVE OFFICER CENTRE FOR CORPORATE GOVERNANCE DURING ICPAK S 28 TH ANNUAL SEMINAR HELD AT THE PRIDE INN SAI
EFFECTIVE TAX PLANNING FOR COMMERCIAL CONTRACTS. Mark Jayasinghe Principal BDO Advisory Tax & Legal Services 7 November 2013
EFFECTIVE TAX PLANNING FOR COMMERCIAL CONTRACTS Mark Jayasinghe Principal BDO Advisory Tax & Legal Services 7 November 2013 Presentation Outline Tax planning strategies An overview Transfer pricing Specific
Informal Sector and Taxation in Kenya: Issues and Policy Options
Informal Sector and Taxation in Kenya: Issues and Policy Options Presentation during a Public Forum Held at Nairobi Sarova Hotel - Nairobi 3 rd May 2012 Martin M. Masinde 1 Presentation Outline 1.0 Introduction
THE ELECTRONIC TRANSFER OF FUNDS CRIME ACT, Arrangement of Sections
THE ELECTRONIC TRANSFER OF FUNDS CRIME ACT, 2000 Arrangement of Sections Section 1. Short title 2. Interpretation 3. False statement 4. Theft by taking or retaining possession of card 5. Card theft 6.
TAX COMPLIANCE, PLANNING & MANAGEMENT WORKSHOP
TAX COMPLIANCE, PLANNING & MANAGEMENT WORKSHOP The New N.S.S.F. Act, 2013 2014 Hilton Hotel, Nairobi Presented by : CPA Erastus K. Omolo, Erastus & Co, CONTENTS 2 3 CONTENTS 4 5 Definition of some terms
Highlights of Budget 2017/18 Analysis. John Mutua PFM-Program
Highlights of Budget 2017/18 Analysis John Mutua PFM-Program Outline of Presentation Overview of the budget Expenditure side Revenue side Taxation proposals 2 Deficit after grants Commercial financing
Highlights of IEA Citizen s Alternative Budget John Mutua Institute of Economic Affairs (IEA) - Kenya
Highlights of IEA Citizen s Alternative Budget 2012 John Mutua Institute of Economic Affairs (IEA) - Kenya Outline of Presentation State of play in the budget process Interrogation of Budget 2012/13 framework
The smoking gun that recruitment agencies and freelance contractors can t afford to ignore
The smoking gun that recruitment agencies and freelance contractors can t afford to ignore Time is running out for recruiters and contractors to get their books in order in time for the Criminal Finances
AGENCY POLICY. IDENTIFICATION NUMBER: CCD001 DATE APPROVED: Nov 1, 2017 POLICY NAME: False Claims & Whistleblower SUPERSEDES: May 18, 2009
IDENTIFICATION NUMBER: CCD001 DATE APPROVED: Nov 1, 2017 POLICY NAME: False Claims & Whistleblower SUPERSEDES: May 18, 2009 Provisions OWNER S DEPARTMENT: Compliance APPLICABILITY: All Agency Programs
In this issue: Tax Procedure Act Value Added Tax Withholding Value Added Tax Customs and Excise Pay As You Earn
Tax Briefly November 2017 In this issue: Tax Procedure Act Value Added Tax Withholding Value Added Tax Customs and Excise Pay As You Earn 2 2 5 5 6 The Finance Act 2017 Keeping you informed The Finance
TAX PLANNING 11 Th March, 2017
TAX PLANNING 11 Th March, 2017 Table of Contents I. Introduction II. Real Estate Investment Income III. Areas of tax planning in context of Real Estate Investments IV. Conclusion 2 3 I. Introduction Introduction
Trust Fund Recovery. A Tax Resolution Institute Publication 2016
A Tax Resolution Institute Publication 2016 Trust Fund Recovery Facing possible retributions such as civil liability for unpaid employment taxes, including penalties and interest, and possible criminal
Headline Verdana Bold International Tax matters ICPAU Tax Seminar, Hotel Africana November, 2017
Headline Verdana Bold International Tax matters ICPAU Tax Seminar, Hotel Africana November, 2017 Contents Related party transactions 3 URA practice on international tax 14 OCED Action Plan on BEPS 30 2017
Tax Flash Law 4337/2015
Tax Flash Law 4337/2015 October 2015 On October 17 th 2015, Law 4337/2015 Measures for the implementation of the agreement on budgetary targets and structural reforms was enacted. The Law introduces amendments
Forensics Audit Seminar- Nyeri.. Financial Statement Fraud. Isaac Mutembei Murugu. CIA, CISA 2 nd November 2017
Forensics Audit Seminar- Nyeri.. Financial Statement Fraud Isaac Mutembei Murugu CIA, CISA 2 nd November 2017 Uphold public interest Contents Financial statement, contracts and procurement fraud investigations
VAT FRAUD a concern for Tax Administrations but also for Taxpayers
VAT FRAUD a concern for Tax Administrations but also for Taxpayers Donato Raponi European Commission 2014 CESI Conference Brussels, 9-10 October 2014 1 Présentation Powerpoint In this world nothing is
ISO 9001:2008 CERTIFIED TAX AMNESTY ON RENTAL INCOME WHAT YOU NEED TO KNOW
ISO 9001:2008 CERTIFIED 1. The Law TAX AMNESTY ON RENTAL INCOME WHAT YOU NEED TO KNOW Kenya Revenue Authority (KRA) wishes to inform taxpayers and the general public that the Finance Act 2015 has introduced
Finance Bill We now provide a summary of the changes in the Finance Bill as tabulated in the following pages:
Finance Bill 2017 The Finance Bill, 2017 published on 3rd April, 2017 has amended various tax provisions while at the same time providing clarity on the existing provisions. The Finance Bill 2017 follows
Fundamentals Level Skills Module, Paper F6 (LSO)
Answers Fundamentals Level Skills odule, Paper F6 (LSO) Taxation (Lesotho) Baba June 204 Answers and arking Scheme arks (a) Income tax payable for the year ended 3 arch 204 Revenue: Government ((560,000*60%)*00/95)
NC General Statutes - Chapter 14 Article 19B 1
Article 19B. Financial Transaction Card Crime Act. 14-113.8. Definitions. The following words and phrases as used in this Chapter, unless a different meaning is plainly required by the context, shall have
THE LEGITIMACY OF TAX PLANNING TODAY
THE LEGITIMACY OF TAX PLANNING TODAY NICHOLAS JACOB WRAGGE LAWRENCE GRAHAM LLP SOLICITORS LONDON, SINGAPORE, DUBAI, MOSCOW, MONACO, PARIS, BRUSSELS, MUNICH THE LEGITIMACY OF TAX PLANNING IN TODAY S WORLD
2. Deductibility of donations made towards alleviation of national disasters
The Finance Act 2017 received Presidential assent on 21 June 2017. In this brief, we highlight the key tax amendments this has introduced. A. Income Tax 1. Recognition of Islamic financial products The
Update on Current Issues and Trends
September 2018 Update on Current Issues and Trends 2019 Tax Revision Proposal Overview On July 30, 2018, the proposal of 2019 tax revision was announced by the Ministry of Strategy and Finance. It is understood
X. Economic Crime, Organized Crime, and Crisis
X. Economic Crime, Organized Crime, and Crisis Introduction The Hellenic tax criminal law basic principles and targets SOFIA ANTONOPOULOU Attorney at law, Attica Lawyers Founder & Developer; LLM (Athens
ASSEMBLY, No STATE OF NEW JERSEY. 217th LEGISLATURE INTRODUCED FEBRUARY 4, 2016
ASSEMBLY, No. STATE OF NEW JERSEY th LEGISLATURE INTRODUCED FEBRUARY, 0 Sponsored by: Assemblyman WAYNE P. DEANGELO District (Mercer and Middlesex) Assemblyman THOMAS P. GIBLIN District (Essex and Passaic)
- 1 - IN THE DISTRICT COURT OF THE UNITED STATES FOR THE DISTRICT OF
- 1-26 U.S.C. 7203 Sole Proprietorship or Partnership Employer's Quarterly Return Failure to File - Tabular Form Information Venue in District of Service Center 1 IN THE DISTRICT COURT OF THE UNITED STATES
briefing Law 4337/2015 Changes in the Tax Legislation TAX BRIEFING: Monthly Insight
TAX BRIEFING: Monthly Insight Law 4337/2015 Changes in the Tax Legislation October 2015 The Hellenic Parliament ratified Law 4337/2015 on 17th October 2015, which provides for an extension of the limitation
False Claims Liability, Anti-Retaliation Protections, and Detecting and Responding to Fraud, Waste, and Abuse
False Claims Liability, Anti-Retaliation Protections, and Detecting and Responding to Fraud, Waste, and 1. SCOPE 1.1 System-wide, including Marshfield Clinic Health System (MCHS), Inc. and its affiliated
OneBeacon Insurance Company Homeland Insurance Company of New York York Insurance Company of Maine
OneBeacon Insurance Company Homeland Insurance Company of New York York Insurance Company of Maine HEALTH CARE CONSULTANT PROFESSIONAL LIABILITY INSURANCE APPLICATION IF A POLICY IS ISSUED, IT WILL BE
32nd Annual Asia Pacific Tax Conference November 2016 JW Marriott Hotel Hong Kong
32nd Annual Asia Pacific Tax Conference 10 11 November 2016 JW Marriott Hotel Hong Kong Alternative A: Source country taxation, evolving PE rules and unilateral measures Chair: Gary Sprague, Palo Alto
Transfer Pricing for Africa - roundtable discussion. Transfer Pricing Special Event September 22, 2016
Transfer Pricing for Africa - roundtable discussion Transfer Pricing Special Event September 22, 2016 Download the app Open a web browser on your mobile and navigate to http://mobile.globaltaxevent.com.
BENAMI TRANSACTIONS( PROHIBITION) AMENDMENT ACT, 2016 ADV.SHYAM DEWANI 22/04/ /2017
BENAMI TRANSACTIONS( PROHIBITION) AMENDMENT ACT, 2016 ADV.SHYAM DEWANI 22/04/ /2017 INTRODUCTION An economic offence has multiple layers to it. The commission of a criminal act for pecuniary gains is merely
Budget Statement 2017 Highlights
Budget Statement 2017 Highlights Mbiki Kamanjiri Manager - Tax Economic Review Global Outlook 1.5% 1.5% 1.7% 3.0% 3.1% 2.7% 6.0% 1.8% 2.9% 4.8% 5.9% African Outlook 4.3% 4.0% 2016 2017 6.6% 6.3% -1.7%
IMPACT OF TAX LAWS ON AGRIBUSINESS. Presentation by: CPA Zachary Muthui
IMPACT OF TAX LAWS ON AGRIBUSINESS Presentation by: CPA Zachary Muthui Uphold public interest Taxation in Agriculture Tax is a major expense in company s P&L; - 30% of company s profits are paid to KRA
SPECIAL SECTION F MONEY LAUNDERING AND SELF-LAUNDERING. CEO Approval 04 September 2015 Luigi Michi
SPECIAL SECTION F MONEY LAUNDERING AND SELF-LAUNDERING CEO Approval 04 September 2015 Luigi Michi CONTENTS SPECIAL SECTION F Page F.1 TYPES OF MONEY LAUNDERING/SELF-LAUNDERING CRIMES (Article 25-octies
Corporate Compliance Topic: False Claims Act and Whistleblower Provisions
Purpose: INDEPENDENT LIVING, Inc. (also referred to as ILI, ) is committed to prompt, complete and accurate billing of all services provided to individuals. ILI and its employees, contractors and agents
Tackling Aggressive Tax Planning in the European Union - Recent Developments
Tackling Aggressive Tax Planning in the European Union - Recent Developments Dr Christiana HJI Panayi Senior Lecturer in Tax Law Queen Mary University of London 1 Important recent developments Digital
FOREWORD. Kenya. Services provided by member firms include:
2016/17 FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are
INSTITUTE OF CHARTERED ACCOUNTANTS GHANA ADVANCED TAXATION AND FISCAL POLICY SOLUTIONS- MAY 2012
QUESTION 1 INSTITUTE OF CHARTERED ACCOUNTANTS GHANA ADVANCED TAXATION AND FISCAL POLICY SOLUTIONS- MAY 2012 A). The types of supply stipulated in the Value Added Tax (VAT) Act, 1998 (Act 546) are: i. Taxable
Banking Offshore: The Gathering Storm. July 29, 2008
Banking Offshore: The Gathering Storm July 29, 2008 Banking Offshore: The Gathering Storm We will be starting momentarily 2 Audio Portion of Today s Webinar Listen to the audio portion of today s webinar
Panama. Services provided by member firms include:
2016/17 FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are
Ignorance is bliss, but taxes are nothing to ignore, even when owed to a foreign government
July 2015 Ignorance is bliss, but taxes are nothing to ignore, even when owed to a foreign government Nobody likes paying taxes; but ignoring tax obligations in the United States and Canada can have disastrous
GOVERNMENT GAZETTE OF THE REPUBLIC OF NAMIBIA. N$4.00 WINDHOEK - 29 December 2015 No. 5911
GOVERNMENT GAZETTE OF THE REPUBLIC OF NAMIBIA N$4.00 WINDHOEK - 29 December 2015 No. 5911 CONTENTS Page GOVERNMENT NOTICE No. 310 Promulgation of Value-Added Tax Amendment Act, 2015 (Act No. 12 of 2015),
ICPAK Tax Principles Workshop. 22 February 2016
ICPAK Tax Principles Workshop 22 February 2016 TOPIC: Value Added Tax PRESENTER: John Gikima Value Added Tax - Content Introduction General VAT provisions Summary of penalties and key obligations Trends
Tax evasion and its implications in the current economic climate
MPRA Munich Personal RePEc Archive Tax evasion and its implications in the current economic climate Mihail Antonescu and Ligia Antonescu Spiru Haret University, Faculty of Accounting and Financial Management
Amendments That Encourage Compliance with the Tax Law and Enhance the Tax Department's Enforcement Ability
New York State Department of Taxation and Finance Office of Tax Policy Analysis Taxpayer Guidance Division Amendments That Encourage Compliance with the Tax Law and Enhance the Tax Department's Enforcement
Transfer Pricing An East African Perspective
Transfer Pricing An East African Perspective By Fred Omondi 19 June 2015 1 Overview of TP Environment Kenya TP rules in Kenya were issued in July 2006. This followed a High Court decision at the end of
VAT EVASION IN LEBANON: CASES AND MAIN CAUSES Rana Ismail American university of Science and Technology
VAT EVASION IN LEBANON: CASES AND MAIN CAUSES Rana Ismail American university of Science and Technology RAI10009@students.aust.edu.lb Faisal Nsouli American university of Science and Technology fnsouli@aust.edu.lb
Taxation vs Borrowing for Revenue Generation
Taxation vs Borrowing for Revenue Generation 18 Sept 2014 CPA Robert Waruiru Presentation overview Government borrowing in Kenya Level and composition of tax revenue Tax policy challenges facing developing
FOREWORD. Panama. Services provided by member firms include:
FOREWORD A country's tax regime is always a key factor for any business considering moving into new markets. What is the corporate tax rate? Are there any incentives for overseas businesses? Are there
Tax Training for Non Governmental Organisations
Tax Training for Non Governmental Organisations Deloitte Place, Nairobi October 2016 Contents Financial Reporting for NGOs & PBO Act Briefs Pay As You Earn Corporation Tax Withholding Tax Indirect Taxes
The conceptual boundaries of tax avoidance and aggressive tax planning. Pasquale Pistone Kiev (Ukraine), 6 February 2018
The conceptual boundaries of tax avoidance and aggressive tax planning Pasquale Pistone Kiev (Ukraine), 6 February 2018 Outline 1. Tax avoidance and abusive practices 2. The reaction to tax avoidance 3.
Finance Bill 2017 Analysis
Finance Bill 2017 Analysis April 2017 Income Tax Changes Focus area Proposed change and KPMG comments Effective Taxation of Islamic Financial Arrangement Proposed amendment to Section 2 The Bill proposes
What Real Estate Lawyers Need to Know About the Sarbanes-Oxley Act of 2002
What Real Estate Lawyers Need to Know About the Sarbanes-Oxley Act of 2002 Ann M. Saegert Dennis R. Cassell Bart J. Biggers Peter D. Christofferson Haynes and Boone, LLP 2505 North Plano Road, Suite 4000
BASE EROSION AND PROFIT SHIFTING ISSUES : THAILAND
BASE EROSION AND PROFIT SHIFTING ISSUES : THAILAND ECOSOC Special Meeting on International Cooperation in Tax Matters 5 June 2014 Phensuk Sangasubana The Revenue Department, Thailand CONTENTS Background
Withholding tax in the era of BEPS, CIVs and digital economy IFA 2018 Korea Congress / Main subject 2 Luxembourg branch Report
Withholding tax in the era of BEPS, CIVs and digital economy IFA 2018 Korea Congress / Main subject 2 Luxembourg branch Report Elisabeth Adam Elvinger Hoss Prüssen Joëlle Lyaudet BDO 30 November 2017 Table
Papua New Guinea Tax Profile
Papua New Guinea Tax Profile Produced in conjunction with the KPMG Asia Pacific Tax Centre Updated: September 2016 Contents 1 Corporate Income Tax 1 2 Income Tax Treaties for the Avoidance of Double Taxation
IF YES TO THE ABOVE, PLEASE RESPOND TO THE FOLLOWING QUESTIONS. IF NO, PLEASE SIGN, DATE AND RETURN TO THE UNDERWRITER.
Hartford Fire Insurance Company UNDERWRITING QUESTIONNAIRE SERVICING CONTRACTORS NAME OF INSURED: 1. Do you currently use independent contractors for servicing loans? IF YES TO THE ABOVE, PLEASE RESPOND
Florida Department of Revenue Tax Information Publication. TIP 00A01-15 DATE ISSUED: Jul 05, 2000
Florida Department of Revenue Tax Information Publication TIP 00A01-15 DATE ISSUED: Jul 05, 2000 Changes to the Exemption for Industrial Machinery and Equipment Repairs Effective July 1, 1999, a sales
26 CFR : Definition of amount involved and correction.
Part I Section 4975.--Tax On Prohibited Transactions 26 CFR 141.4975-13: Definition of amount involved and correction. Rev. Rul. 2006-38 ISSUE What is the amount involved, for purposes of calculating the
TAX PRINCIPLES WORKSHOP Emerging tax issues. Presenter: Jemimah Mugo ) Tax Director, Eastern Africa Deutsche Post DHL
TAX PRINCIPLES WORKSHOP 2017 Emerging tax issues Presenter: Jemimah Mugo (jemimah.mugo@dhl.com ) Tax Director, Eastern Africa Deutsche Post DHL Disclaimer This material has been prepared for general informational
Tax Card KPMG in Macedonia. kpmg.com/mk
Tax Card 2016 KPMG in Macedonia kpmg.com/mk TAXATION OF CORPORATE PROFITS Corporate income tax (CIT) is due from profits realized by resident legal entities as well as by non-residents with a permanent