Cuba Payroll & Tax Overview
|
|
- Madlyn Morris
- 5 years ago
- Views:
Transcription
1 Cuba Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN CUBA 2018
2 Contents 1.0 Key Country Facts and Public Holidays Business and Culture in Cuba Visas and Work Permits Tax and Social Security Compliance Statutory Absence/Payments About This Payroll and Tax Overview 9
3 1.0 Key Country Facts and Public Holidays 1.1 Official Language The official Language is Spanish. 1.2 Currency The official Currency is Cuban peso, Cuban convertible peso 1.3 Country Dial code The country dial code is Country abbreviation The country abbreviation is CU. 1.5 Statutory Filing Payment Methods Both mixed companies and totally foreign capital companies must use a government employment entity to hire employees and negotiate their contracts. The workers in mixed companies who are Cuban or foreign permanent residents in Cuba, with the exception of the members of the management or administration, shall be contracted by an employing entity proposed by the Ministry for Foreign Investment and Economic Collaboration and authorised by the Ministry of Labor and Social Security. In totally foreign capital companies, the services of Cuban workers and foreign workers residing permanently in Cuba, with the exception of the members of the management and administrative body, shall be hired through a contract between the company and an employing entity proposed by the Ministry for Foreign Investment and Economic Collaboration, and authorised by the Ministry of Labor and Social Security. The entities will be proposed by MINVEC and approved by the Ministry of Labor and Social Security. The agency designated in most cases is ACOREC, S.A. (Agencia de Contratación a Representaciones Comerciales, S.A.). Employers make payments to the ACOREC. 1.6 National Minimum wage 225 Cuban pesos ($9) per month 1.7 Filing Deadlines Payments must be paid by the 20th of the month following the month in which remuneration was paid. Employers and individuals are required to submit annual taxes returns on or before April 30 of each year and the filing of returns is mandatory. 1.8 Fiscal year Jan. 1 through Dec Time Zone UTC -4.00, UTC Holiday Holiday Type 1 January 1 January Liberation Day National Holiday 2 January 2 January New Year Day National Holiday 14 April 30 March Good Friday National Holiday 1 May 1 May Labour Day / May Day National Holiday 25 July 25 July Revolution Anniversary National Holiday 26 July 26 July Day of the Rebellion National Holiday 27 July 27 July Revolution Anniversary Celebration National Holiday 10 October 10 October Beginning of the War of Independence National Holiday 25 December 25 December Christmas Day National Holiday 31 December 31 December New Year's Eve National Holiday
4 2.0 Business and Culture in Cuba 2.1 Establishing as an Employer Personal relationships are incredibly important to Cubans in business since little gets accomplished without the influence of political officials; in fact, many managers and supervisors in important businesses are often political appointees without the necessary qualifications. If you want to call a meeting during a meal, have it during lunch; dinners are a more formal occasion and it s considered inappropriate to discuss work during dinner. Also, know that during business meetings, it s not unusual for a foreigner to be left waiting for as much as an hour; this is normal, and it shouldn t be a cause of personal offense. When speaking Spanish with Cubans or working on business translations, know that Cubans will typically address foreigners using the formal usted until they are familiar. The formal usted is the most appropriate way to address among business people in Cuba; the informal form tú is commonly used in Cuba when conversing with friends or family. As part of the updating of the Cuban economic model, foreign investment in Cuba is aimed at diversifying and expanding export markets, access to advanced technologies, import substitution, obtaining external financing, the creation of new sources of employment, recruitment of management methods and linking it with the development of productive chains, as well as the change of the country's energy matrix by harnessing renewable energy sources. The investment of foreign capital is governed by Law no. 118 "Foreign Investment Law" of March 29, 2014, in force since 28 June of the same year. The legal framework including rules complementary to the Law was published in the Official Gazette no. 20 Extraordinary of April 16, Employment The minimum work age in Cuba is 17. Almost all Cubans working in state owned enterprises apply to and are hired directly by the entities that employ them. All employees are covered by an individual work contract as well as a collective bargaining agreement that specify employment qualifications, work rules and the reasons and procedures for termination. In order to dismiss a worker, management must show cause as provided by law and the employment contract. Employees may terminate a work contract upon giving the requisite notice. In state enterprises, unions and workers participate in the hiring and promotional decisions. Although the new decentralised management system grants sole discretion to management to make such decisions, legislation permits the creation of an advisory body called the commission of experts 18 comprised of union, worker and management representatives. Once constituted, management must consult with this commission on hiring and promotional decisions. Pressures for greater efficiency have resulted in the introduction of new employment requisites as idoneidad demostrada or demonstrated qualifications, eliminating the absolute privileges of seniority. Workers, who once were secure in their positions as long as they showed up most of the time and complied with work rules, now must strive to meet performance requirements. These requirements and procedures for measuring them are increasingly incorporated into the collective bargaining agreement. Cuban workers have considerable mobility, particularly at positions lower than management, although transferring from one city to another is generally difficult because of the difficulty of obtaining housing unless the new work centre supplies it. In some work centers, worker stability is a problem, and management together with the union seek ways of making work conditions attractive to keep the workforce steady.
5 3.0 Visas and Work Permits 3.1 Visas Passport required Return ticket required Visa required Australian Yes Yes No British Yes Yes No Canadian Yes Yes No Other EU Yes Yes No USA Yes Yes No Visas are not required by nationals referred to in the chart above for stays of up to 90 days. Business visas are not really issued for Costa Rica. If intending to do business, the normal procedure is to enter on a tourist visa and conduct your business within that time. If you wish to stay longer without leaving the country to renew your visa you can apply for a Business Temporary Residence Permit once you are there. Nationals not referred to in the chart are advised to contact the embassy to check visa requirements for Costa Rica. Visas issued by consulates of Costa Rica are valid for stays up to 30 days. 3.2 Work Visa You must obtain a work permit if you are a foreigner who wishes to work in Cuba. This is not easy to do, because the system makes it so the jobs are in favour of locals. Every job in Cuba is distributed by the state. Workers are selected and paid through a Cuban State agency. You must apply for a work permit through the Ministry of Work and Social Security. As the salary is under socialism, it is very difficult to earn and save a substantial amount of money from regular jobs. Cubans make an average of American dollars per month. It is easier to work for an international company stationed in Cuba, or as a freelancer or journalist. You can apply for a Temporary Residenc0he Card if you land a job and work visa.
6 4.0 Tax and Social Security 4.1 Tax No Change Residents of Cuba pay income tax (impuesto) at anything from 10% to 50%, depending upon the level of their income. Anybody who earns up to 3000 CUP each year will pay at the lowest rate, then for every extra 3000 CUP that is earned the rate goes up by 5%, until it reaches the maximum of 50%. There are some deductions that can be made for certain expenses if the individual is eligible. If you are completing a tax return (sustantivo) and feel you have a legitimate expense then the Cuban tax office will be able to advise you on how to deduct this. This might include items such as charitable donations or genuine work related expenses. The tax year (año fiscal) in Cuba generally runs from January to December but for most people will be a period of 12 months that begins when they first become liable for tax payments. Every person liable for tax must file a tax return with the National Tax Administration or for some employees tax money can be deducted from salaries. Some workers will find that only a proportion of their tax is deducted via their salary and they will still have to file an income tax return to calculate what is still owed. This is usually 70% of the tax that is due, with the remaining figure to be calculated when the return is completed. There are some forms of income which are exempt from taxation and there are several tax treaties in place which allow Cuba to provide information to other countries on the income of some foreign residents, and which also allow expats to earn money without it being taxed in two different countries. This means that those who are foreign nationals but residing in Cuba will have income from other countries taxed there, as in Cuba expats are only taxed on the money they earn there. There is no separate Capital Gains tax (impuesto sobre las ganancias de capital). Any money that is made from the sale of assets is taxed at the standard income tax rate and should be included on the personal income tax return, as should monies from other sources of income such as property rentals and share dividends. Inheritance tax (impuesto a la herencia) is payable at either 2% or 4% depending upon the type of inheritance and the relationship between the deceased and the beneficiary, so this rate can be variable. Property taxes (impuesto sobre el patrimonio) are payable in Cuba at an annual rate of 2% of the value of the property. This applies equally to homes in the towns and cities, rural areas, land and even boats. There is no VAT system in Cuba, although sales tax (impuesto al valor agregado) is added to a number of imported goods and services such as utilities. This is a variable tax depending upon the item it has been applied to and which currency has been used. There are also different rates applicable for items which have been imported to those which have been exported. 4.2 Social Security Social insurance is administered by the Directorate of Social Assistance and Social Services and the National Institute of Social Security of the Ministry of Labor and Social Security. All salaried workers of the state are covered by social insurance.
7 5.0 Compliance 5.1 Employer Registration Employers have to register and obtain a tax identification number within 15 days of receiving work authorisation. 5.2 Starters/Registration A foreign investor interested in starting his business activities in Cuba must submit the following documents: Authorised copy of the appropriate authenticated and registered documents of incorporation, the company registration certificate or a similar deed from the investor s country; Financial statements of the last accounting period; Sponsorship letter of the main office, if the investor represents a branch or subsidiary; Certified consent from the management proving approval of the investment; Appropriate authenticated powers of attorney; Evidence of the investor s experience in the business activity; If the investor is a private person, he has to present a copy of his identification documents and bank guarantees issued at least six months earlier. The documentation evidencing the company incorporation, the company registration certificate and the powers of attorney have to be authorized appropriately by the authorities of the investor s country, the consulate of Cuba located in the respective country and they have to be translated into Spanish. 5.3 Leavers/De-registration Employers have to deregister the employee from the National Office of the Tax Administration (ONAT) and the National Institute of Social Security of the Ministry of Labor and Social Security.
8 6.0 Statutory Absence/Payments 6.1 Annual Leave Every worker is entitled to enjoy one month of paid annual leave after 11 months of effective work. Workers are also entitled to 9 paid public holidays 6.2 Maternity Leave During pregnancy and up to the 34th week, the working woman will have the right to six days or twelve half days of paid leave for her medical and dental care prior to delivery. In order to guarantee the care and development of the child during his first year of life, the working women will have the right every month to one day off, with pay, to take her child for a paediatric check-up. 6.3 Parental Leave In 2003, the government took another step towards breaking down the traditional division of family duties by giving either the father or the mother the option of taking paid leave at 60% of salary to care for their infants from 12 weeks up to one year of age. The parents may opt for the father to take the leave whether or not the couple is married.
9 7.0 About This Payroll and Tax Overview 7.1 Copyright All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher. 7.2 Disclaimer Every effort has been made to ensure that all information in this booklet is correct at the time of publication. This information should be used as reference only and not as a sole source of decision making. 7.3 The Global Payroll Association Global Payroll Association is the first international payroll association of its kind. We are a central hub for all-things payroll. A one-stop-shop supplying comprehensive directories, interactive training and in-depth country resources. We are here to help you with your global payroll needs, no matter how complex, connecting you with the world s leading experts and offering a forum to network with other like-minded global professionals. Global Payroll Association welcomes international payroll, HR and financial professionals of all levels.
10 The United Kingdom GPA Education Ltd/Global Payroll Association 49 Greek Street London W1D 4EG
Algeria Payroll & Tax Overview
Algeria Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN ALGERIA 2018 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Algeria 4 3.0 Visas and Work Permits 5 4.0 Tax
More informationSweden Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN SWEDEN 2018
Sweden Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN SWEDEN 2018 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Sweden 4 3.0 Visas and Work Permits 5 4.0 Tax and
More informationNorway Payroll & Tax Overview
Norway Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN NORWAY 2018 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Norway 4 3.0 Visas and Work Permits 5 4.0 Tax and
More informationNetherlands Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN NETHERLANDS 2017
Netherlands Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN NETHERLANDS 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Netherlands 4 3.0 Visas and Work Permits
More informationVietnam Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN VIETNAM 2017
Vietnam Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN VIETNAM 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Vietnam 4 3.0 Visas and Work Permits 5 4.0 Tax
More informationEthiopia Payroll & Tax Overview
Ethiopia Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN ETHIOPIA 2018 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Ethiopia 4 3.0 Visas and Work Permits 5 4.0 Tax
More informationIndia Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN INDIA 2017
India Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN INDIA 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in India 4 3.0 Visas and Work Permits 5 4.0 Tax and Social
More informationAustria Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN AUSTRIA 2017
Austria Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN AUSTRIA 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Austria 4 3.0 Visas and Work Permits 5 4.0 Tax
More informationIreland Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN IRELAND 2017
Ireland Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN IRELAND 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Ireland 4 3.0 Visas and Work Permits 5 4.0 Tax
More informationBolivia Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN BOLIVIA 2016
Bolivia Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN BOLIVIA 2016 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Bolivia 4 3.0 Visas and Work Permits 5 4.0 Tax
More informationSingapore Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN SINGAPORE 2016
Singapore Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN SINGAPORE 2016 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Singapore 4 3.0 Visas and Work Permits 5 4.0
More informationBangladesh Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN BANGLADESH 2017
Bangladesh Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN BANGLADESH 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Bangladesh 4 3.0 Visas and Work Permits 5
More informationBelgium Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN BELGIUM 2016
Belgium Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN BELGIUM 2016 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Belgium 4 3.0 Visas and Work Permits 5 4.0 Tax
More informationLatvia Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN LATVIA 2017
Latvia Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN LATVIA 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Latvia 4 3.0 Visas and Work Permits 5 4.0 Tax and
More informationAustralia Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN AUSTRALIA 2017
Australia Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN AUSTRALIA 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Australia 4 3.0 Visas and Work Permits 5 4.0
More informationUnited Kingdom Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN UNITED KINGDOM 2018
United Kingdom Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN UNITED KINGDOM 2018 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in United Kingdom 4 3.0 Visas and Work
More informationGlobal Payroll Association Presents. Czech Republic
Global Payroll Association Presents Czech Republic 12 Global Payroll Association Presents Czech Republic A Brief Country Overview and Payroll Highlights A brief country overview: The Czech Republic is
More informationGlobal Payroll Association Presents. Finland
Global Payroll Association Presents Finland 12 Global Payroll Association Presents Finland A Brief Country Overview and Payroll Highlights A brief country overview: Finland is a Nordic country in Northern
More informationUnited Kingdom Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN UNITED KINGDOM 2017
United Kingdom Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN UNITED KINGDOM 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in United Kingdom 4 3.0 Visas and Work
More informationPakistan Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN PAKISTAN 2017
Pakistan Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN PAKISTAN 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Pakistan 4 3.0 Visas and Work Permits 5 4.0 Tax
More informationPhilippines Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN UNITED PHILIPPINES 2017
Philippines Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN UNITED PHILIPPINES 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Philippines 4 3.0 Visas and Work
More informationResidency programs; Montenegro, Greece & Cyprus. Panos Diallinas Bojana Peric September 2017
Residency programs; Montenegro, Greece & Cyprus Panos Diallinas Bojana Peric September 2017 Agenda Residency in Montenegro Residency of Greece Cyprus Residency Program A few words about Eurofast Eurofast
More informationLiving in Spain. Sundirect Group
Living in Spain Sundirect Group Sales Administrator Head Office UK: (+ 44) 01202 258693 (answerphone) Web: www.sundirectgroup.com Email: jamesheady25@yahoo.com CARS 1. Can I bring my EU registered car
More informationHOW TO SET UP A BUSINESS IN LUXEMBOURG
HOW TO SET UP A BUSINESS IN LUXEMBOURG HOW TO SET UP A BUSINESS IN LUXEMBOURG 1. BUSINESS PERMIT 2. LEGAL FORM 3. IMMIGRATION 4. TAXATION 5. SETTLING DOWN 6. EDUCATION IN LUXEMBOURG 1. BUSINESS PERMIT
More informationNorthern Foods Pension Scheme Explanatory Booklet
Northern Foods Pension Scheme Explanatory Booklet Your benefits in depth Welcome to the Northern Foods Pension Scheme an important and valuable part of your employment benefits package. Contents Introduction
More informationTax Newsletter. No. 11 / 2005
page Tax Newsletter No. 11 / 2005 Str. Brezoianu, Nr. 36, Sector 1, Bucuresti Tel: +40 (0)21 313 70 31 Tel: +40 (0)745 20 27 39 Fax:+40 (0)21 313 70 68 Contents: ORDER regarding tax returns and use of
More informationEmploying workers in Argentina
1 Types of employment contracts The Employment Contract Law No. 20744 (LCT for its acronym in Spanish) establishes the framework for hiring employees. Non-fixed-term contracts Typical employment contracts
More informationSetting up business in... Turkey
Setting up business in... Turkey General Aspects The Republic of Turkey is located in Southeastern Europe and covers about 780,000 km². The total population is around 70 million people and Turkish is the
More informationPaid Parental Leave scheme Employer Toolkit
Paid Parental Leave scheme Employer Toolkit humanservices.gov.au Contents 1. What we mean by table of terms and definitions 3 2. The Paid Parental Leave scheme in summary 4 2.1 What it is 4 2.2 Why we
More informationPublic Sector Long Term Savings Plan
Public Sector Long Term Savings Plan Irish Life - Savings Made Easy Long Term Savings Plan Policy Document Terms and Conditions Please read this document carefully and keep it safe in your policy pack
More informationWorking & Living in Germany 2017 Moving together. Making tomorrow. A brief introduction to tax, social security, immigration and employment law
Working & Living in Germany 2017 Moving together. Making tomorrow. A brief introduction to tax, social security, immigration and employment law Individual taxation 4 Social Security 8 Immigration 11 Employment
More informationPROCEDURES FOR RECEIVING RIGHTS UNDER THE TREATY OF AMITY AND ECONOMIC RELATIONS BETWEEN THE UNITED STATES AND THAILAND
PROCEDURES FOR RECEIVING RIGHTS UNDER THE TREATY OF AMITY AND ECONOMIC RELATIONS BETWEEN THE UNITED STATES AND THAILAND Prepared by: the Commercial Service, American Embassy Bangkok 2000 (updated 2005)
More informationOverview of International Employment Law Issues (Shading highlights something significantly different from the UK position)
Documentation / Formalities Government registration / civil processing of employment documentation? Probationary periods allowed? Yes (up to six months). Do non-nationals require work / resident permit?
More informationClaim Guide. G-dec002 web 05_16
Claim Guide When somebody close to you has died and you need to deal with an insurance company, the last thing you need is to be faced with lots of technical jargon. Unfortunately, sometimes we have to
More informationTax Information for Spanish Tax Residents
Tax Information for Spanish Tax Residents > Introduction This document gives you a brief outline of the various Spanish taxes which may apply to bondholders investing in a Prudential International bond
More informationYOUR ACCESS TO EUROPE CYPRUS INVESTMENT PROGRAMME
YOUR ACCESS TO EUROPE CYPRUS INVESTMENT PROGRAMME August 2018 Cyprus Benefits of Cyprus Passport Imperio Properties x2 General Information Cyprus has a perfect geographical location situated at the crossroad
More informationSummary of the key manifesto pledges of the three main political parties affecting employment law, employee incentives and immigration
Summary of the key manifesto pledges of the three main political parties affecting employment law, employee incentives and immigration CONSERVATIVE LABOUR LIBERAL DEMOCRATS EMPLOYMENT STATUS Commitment
More informationGlobal Mobility Services: Taxation of International Assignees - Spain
www.pwc.es/en Global Mobility Services: Taxation of International Assignees - Spain People and Organisation Global Mobility Country Guide (Folio) Last updated: February 2017 This document was not intended
More informationWorking and living in Denmark Tax Tax
Working and living in Denmark Tax 2018 Tax 2 Working and living in Denmark 1. Introduction 2. Individual taxation This booklet contains brief information about the main aspects of individual taxation,
More informationSetting up business in... Spain
Setting up business in... Spain General Aspects Spain is a country located in southwestern Europe on the Iberian Peninsula. Its mainland is bordered to the south and east by the Mediterranean Sea except
More informationIR 268 June Entertainment expenses A guide to the tax treatment of business entertainment expenses
IR 268 June 2007 Entertainment expenses A guide to the tax treatment of business entertainment expenses www.ird.govt.nz 3 Introduction This guide is designed to help you understand the rules for claiming
More informationPaid Parental Leave scheme Employer Toolkit
Paid Parental Leave scheme Employer Toolkit humanservices.gov.au Contents 1. What we mean by table of terms and definitions 3 2. The Paid Parental Leave scheme in summary 4 2.1 What it is 4 2.2 Why we
More informationGlobal Mobility Services: Taxation of International Assignees - Angola
www.pwc.com/ao/en Global Mobility Services: Taxation of International Assignees - Angola Taxation issues & related matters for employers & employees 2017 Last Updated: February 2017 This document was not
More informationBULGARIA TAX CARD 2017
BULGARIA TAX CARD 2017 TAX CARD 2017 BULGARIA Table of Contents 1. Individuals 1.1 Personal Income Tax 1.1.1 Residency 1.1.2 Tax Rates 1.1.3 Taxable Income 1.1.4 Exempt Income 1.1.5 Deductible Expenses
More informationSummary Plan Description Devon Energy Corporation Incentive Savings Plan
Summary Plan Description Devon Energy Corporation Incentive Savings Plan This document constitutes part of a prospectus covering securities that have been registered under the Securities Act of 1933. Devon
More informationYour Company in Spain
Your Company in Spain as a subsidiary of an Australian parent company 2016 Incorporation Obligations Tax Treaty Spain Australia Euro Economics Group Barcelona Girona Madrid Marbella Quality Partner in
More informationPreface. October 2017 Invest Japan Department Japan External Trade Organization (JETRO)
Preface The Japan External Trade Organization (JETRO) has provided various resources for foreign businesses interested in setting up operations in Japan in order to promote FDI. "Laws & Regulations on
More informationReporting of Transfers of Value to HCPs and HCOs Methodological Note for Reporting of 2017 Data in 2018
Reporting of Transfers of Value to HCPs and HCOs Methodological Note for Reporting of 2017 Data in 2018 AstraZeneca UK Limited Registered in England No 3674842 Registered Office, 2 Kingdom Street, London,
More informationDoing Business in Australia 1
Doing Business in Australia 1 Rev. 2 10/2018 Content Introduction 2 About Vistra Overview of Australia 2 Why Do Business in Australia? Business Environment in Australia 3 Legal Entities 4 Corporate Structures
More informationTax file number application or enquiry for individuals
Instructions and form for individuals Tax file number application or enquiry for individuals WHAT IS A TAX FILE NUMBER (TFN)? A TFN is a unique number we issue to individuals and organisations to help
More informationAllstate 401(k) Savings Plan
Allstate 401(k) Savings Plan This Summary Plan Description (SPD) describes the principal provisions of the Allstate 401(k) Savings Plan (the Plan ), effective as of January 1, 2018, unless otherwise noted.
More informationWe, act as retail booking agents in respect of all bookings we take and/or make on your behalf.
Terms and Conditions for The Travel Concept The Travel Concept Limited company number 5849466, with its registered office address at Field Cottage, Bodiam, East Sussex TN32 5UY ( The Travel Concept, we,
More informationFOREIGN NATIONAL TAX PROCEDURES GUIDE FOR DEPARTMENTS. Document created and modified by Financial Services Revised February 8, 2018
FOREIGN NATIONAL TAX PROCEDURES GUIDE FOR DEPARTMENTS Document created and modified by Financial Services Revised February 8, 2018 Table of Contents Pages Introduction 1 Definition of Terms 2-5 Frequently
More informationPayment of unclaimed superannuation money
Instructions and form for superannuation fund members Payment of unclaimed superannuation money How to complete your Application for payment of unclaimed superannuation money individual. For information
More informationBuying in Greece guide. A comprehensive guide to buying a property in Greece
Buying in Greece guide A comprehensive guide to buying a property in Greece Judicare Law International Limited is a company incorporated in England & Wales under Company Number 10043006 and is authorised
More informationWITH PROFITS BONDS FUNDS GUIDE.
WITH PROFITS BONDS FUNDS GUIDE. You should read this document carefully and keep it safely together with the Key Features and your Personal Illustration. 2 WITH PROFITS BONDS FUNDS GUIDE WHAT IS THE FUNDS
More informationSOME REALLY SMART QUESTIONS TO ASK ABOUT GIBRALTAR RESIDENCY
SOME REALLY SMART QUESTIONS TO ASK ABOUT GIBRALTAR RESIDENCY WWW.FIDUCIARYWEALTH.EU Why Us? We are expats just like you. We are familiar with the challenges you face when you move to or live in a foreign
More informationDOING BUSINESS IN PANAMA
LOMBARDI AGUILAR & GARCIA DOING BUSINESS IN PANAMA I. COMPANY FORMATION 1.1 What minimum share capital is required to be authorized, issued or paid up? (a) (b) (c) Authorized? No minimum required Issued?
More informationGuide to NEST s employer notices. Statutory information to help you meet your employer duties
Guide to EST s employer notices Statutory information to help you meet your employer duties 2 Guide to EST s employer notices Version 8 April 2018 Contents Introduction 4 About the terms we use 6 Part
More informationSPANISH INHERITANCE STEPS
SPANISH INHERITANCE STEPS FIRST.- Identify the assets of the Inheritance. It is very important to identify all the assets which were into the deceased s name, such as bank accounts, real estates, life
More informationIndonesia Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN INDONESIA 2017
Indonesia Payroll & Tax Overview A GUIDE TO DOING BUSINESS IN INDONESIA 2017 Contents 1.0 Key Country Facts and Public Holidays 3 2.0 Business and Culture in Indonesia 4 3.0 Visas and Work Permits 5 4.0
More informationYour guide to lifetime mortgages
Your guide to lifetime mortgages What is a lifetime mortgage? 1 What difference could a lifetime mortgage make to you? 4 What is a lifetime mortgage? A way of releasing money from your home without having
More informationS/1299/ July 2015 ENGLISH and SPANISH only NOTE BY THE DIRECTOR-GENERAL
OPCW Technical Secretariat NOTE BY THE DIRECTOR-GENERAL S/1299/2015 24 July 2015 ENGLISH and SPANISH only REGIONAL TRAINING COURSE FOR CUSTOMS AUTHORITIES OF STATES PARTIES IN LATIN AMERICA AND THE CARIBBEAN
More informationTax file number application or enquiry for individuals living outside Australia
Instructions and form for individuals living outside Australia Tax file number application or enquiry for individuals living outside Australia WHAT IS A TAX FILE NUMBER (TFN)? A TFN is a unique number
More informationYour guide to lifetime mortgages
Your guide to lifetime mortgages 1 What is a lifetime mortgage? 1 How you spend the money is up to you 2 We offer two Lifetime Mortgages 3 What difference could a lifetime mortgage make? 4 Discovering
More informationDOING BUSINESS IN PANAMA
LOMBARDI AGUILAR GROUP DOING BUSINESS IN PANAMA I. COMPANY FORMATION 1.1 What minimum share capital is required to be authorized, issued or paid up? (a) (b) (c) Authorized? No minimum required Issued?
More informationKINGDOM OF SAUDI ARABIA. Capital Market Authority. Investment Accounts Instructions
KINGDOM OF SAUDI ARABIA Capital Market Authority Investment Accounts Instructions English Translation of the Official Arabic Text Issued by the Board of the Capital Market Authority Pursuant to its Resolution
More informationTaxation of individuals
Taxation of individuals Luxembourg 2016 kpmg.lu Tax year The tax year corresponds to the calendar year. Tax rates Progressive tax rates ranging from 0% to 42.8% apply to taxable income not exceeding 150,000
More information1 O u r P h i l o s o p h y C u s t o m e r s S a t i s f a c t i o n!
1 O u r P h i l o s o p h y C u s t o m e r s S a t i s f a c t i o n! CONTENTS Cyprus Facts 02 About our firm 03 Our services 04 Citizenship 05 PR VISA 06 TR VISA 07 CY Company 08 While in Cyprus 11 CYPRUS
More informationSUMMARY PLAN DESCRIPTION FOR THE CHEMOURS COMPANY RETIREMENT SAVINGS PLAN
SUMMARY PLAN DESCRIPTION FOR THE CHEMOURS COMPANY RETIREMENT SAVINGS PLAN January 2018 DMEAST #32450591 v1 This document is being provided exclusively by your employer, which retains responsibility for
More informationWorld Water Congress & Exhibition 2018
World Water Congress & Exhibition 2018 16-21 SEPTEMBER 2018 TOKYO JAPAN DISCOUNTED CONGRESS REGISTRATION FOR EXHIBITORS 1. Delegate Details Family Name First Name (for badge) Prof / Dr / Mr / Ms / Mrs
More informationADMINISTRATIVE EMPLOYEE BENEFITS SUMMARY. For all current administrative staff (Classified and Educational Administrators):
ADMINISTRATIVE EMPLOYEE BENEFITS SUMMARY For all current administrative staff (Classified and Educational Administrators): I. Work Year: Administrators are hired to work a specific number of days per year
More informationClient agreement and profile for a Self Invested Personal Pension scheme (SIPP)
Rathbone Investment Management Limited Client agreement and profile for a Self Invested Personal Pension scheme (SIPP) RIM CAP 007 SIPP DND CR249 11-17 27565 434761 Investment management service Client
More informationKINGDOM OF SAUDI ARABIA. Capital Market Authority. Investment Accounts Instructions
KINGDOM OF SAUDI ARABIA Capital Market Authority Investment Accounts Instructions English Translation of the Official Arabic Text Issued by the Board of the Capital Market Authority Pursuant to its Resolution
More informationAPPLICATION FORM FRENCH STREAM KINDERGARTEN & PRIMARY SCHOOL SCHOOL YEAR : 20. / 20. CLASS :.
Administration Pupil Code: APPLICATION FORM FRENCH STREAM KINDERGARTEN & PRIMARY SCHOOL SCHOOL YEAR : 20. / 20. CLASS :. Child s last name :.. First Names (underline the name used):... Sex : Male Female
More informationRED EXPAT. Moving employees from Spain to the United Kingdom. Pablo Álvarez y María Teresa López 20 th September 2016
RED EXPAT Moving employees from Spain to the United Kingdom Pablo Álvarez y María Teresa López 20 th September 2016 Agenda Introduction UK / Spanish Tax Systems The Example Assignment to the UK Local transfer
More informationFOREWORD. Honduras. 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
More informationUKTI TRADESHOW ACCESS PROGRAMME SUPPORT SCHEME FOR OVERSEAS EXHIBITIONS TERMS AND CONDITIONS FOR EXHIBITORS and
UKTI TRADESHOW ACCESS PROGRAMME SUPPORT SCHEME FOR OVERSEAS EXHIBITIONS TERMS AND CONDITIONS FOR EXHIBITORS 2013-14 and 2014-15 BACKGROUND UK Trade & Investment (UKTI) will, at its discretion, provide
More informationYour access to Europe Cyprus passport
Your access to Europe Cyprus passport September 2016 Cyprus Citizenship Cyprus Convenient Transportation The island enjoys 2 international airports, Larnaca and Pafos, with more than 53 airlines making
More informationReport on Oriental Republic of Uruguay
Arctic Circle This report provides helpful information on the current business environment in Uruguay. It is designed to assist companies in doing business and establishing effective banking arrangements.
More informationOFFSHORE PENSION PLANS GUIDE. The things you NEED TO KNOW about OFFSHORE PENSIONS.
OFFSHORE PENSION PLANS GUIDE The things you NEED TO KNOW about OFFSHORE PENSIONS info@axis-finance.com http://axis-finance.com/ Offshore Pensions Guide The allure of experiencing new places and interacting
More informationLearning Center for Power Electronics and MV Drives Your knowledge. Your power.
Training conditions Learning Center for Power Electronics and MV Drives Your knowledge. Your power. 1 Training Conditions ABB Switzerland Ltd www.abb.com/minerals 2 Page 3 of 11 Training Conditions ABB
More informationDoing Business in Chile
Doing Business in Chile www.bakertillyinternational.com Preface Contents 1 Fact Sheet 2 2 Business Entities and Accounting 4 2.1 Companies 4 2.2 Partnerships 5 2.3 Individual Limited Liability Company
More information2006 Medicaid Rules Changes. What You MUST Know About the 2006 Federal Deficit Reduction Act
2006 Medicaid Rules Changes What You MUST Know About the 2006 Federal Deficit Reduction Act Published by: Phylius Press 5021 W Oak Highland Dr Nashville, TN 37013 (888) 224-5988 2007 by K. Gabriel Heiser,
More informationKATOEN NATIE ANTI-BRIBERY AND CORRUPTION POLICY
KATOEN NATIE ANTI-BRIBERY AND CORRUPTION POLICY 1. PRINCIPLES 1.1 What do we mean by Ethical Business? As set out in our Corporate Sustainability policy, we are committed to high ethical standards and
More informationDOING BUSINESS IN KENYA
COMPANY FORMATION IN MAIN FORMS OF COMPANY/BUSINESS IN The principal types of business enterprises in Kenya are: Registered Companies (Private and Public) Branch offices of companies registered outside
More informationQROPS GUIDE. The things you need to know about UK pension transfers
AXIS Strategy Consultants 59, avenue Victor Hugo 75016 Paris COURTIERS D'ASSURANCE REG NO. 08 044 720 AXIS Strategy Consultants AXIS Strategy Consultants are a financial advisory group based in Paris,
More informationDOING BUSINESS IN MEXICO
COMPANY FORMATION IN MAIN FORMS OF COMPANY/BUSINESS IN INCORPORATION A notary public or a public commercial attester or broker are the only ones authorized to perform the incorporation of business entities.
More informationGlobal Payroll Association Presents. Russia
Global Payroll Association Presents Russia 12 Global Payroll Association Presents Russia A Brief Country Overview and Payroll Highlights A brief country overview: Russia straddles both Europe and Asia
More informationSTEP BY STEP GUIDE TO BECOMING A CONTRACTOR
STEP BY STEP GUIDE TO BECOMING A CONTRACTOR EVERYTHING YOU NEED TO KNOW ABOUT BECOMING A CONTRACTOR BROKEN INTO SIMPLE STEPS CONTENTS 1. Who are we?... 3 2. What exactly is a contractor?... 4 3. Deciding
More informationSelf-employed contributions to Old- Age and Survivors Insurance (OASI), Compensation Insurance (IC) Disability Insurance (DI) and Income
2.02 Contributions Self-employed contributions to Old- Age and Survivors Insurance (OASI), Compensation Insurance (IC) Disability Insurance (DI) and Income Position as of 1 st January 2018 The facts at
More informationThe next steps for your Octopus EIS investment. An Octopus guide
The next steps for your Octopus EIS investment An Octopus guide DRAFT Key investment risks For UK investors only. The value of an investment, and any income from it, can fall or rise. Investors may not
More informationLoïc Lacombe District Treasurer
TREASURERS 2017 TREASURERS ROLE & RESPONSIBILITIES Loïc Lacombe District Treasurer 2017-18 loic.lacombe@optusnet.com.au 0420 712 216 TABLE OF CONTENTS 1. Your role as Treasurer 2. Regulatory Responsibilities
More informationEstablishing Branches of Foreign Corporations in Central America, Panama and British Honduras
University of Miami Law School Institutional Repository University of Miami Inter-American Law Review 6-1-1969 Establishing Branches of Foreign Corporations in Central America, Panama and British Honduras
More informationb) Extend the amount and scope of carer s leave entitlements;
Work, Life, Family Policy Framework 1. Changes in social, family and labour market structures mean that both partners of couple families are now likely to be employed, making balancing work, life and family
More informationGifts and Hospitality Procedure of the Anti-Bribery Policy
The LTE Group Gifts and Hospitality Procedure of the Anti-Bribery Policy Produced by The LTE Group LTEG anti-bribery policy v4 06/2016 All rights reserved; no part of this publication may be photocopied,
More informationEMPLOYMENT INSURANCE. for NSTU Members INFORMATION FROM THE NSTU
EMPLOYMENT INSURANCE for NSTU Members INFORMATION FROM THE NSTU Contents BENEFITS & CONTRIBUTIONS... 3 (A) Benefits... 3 (B) Contributions and Benefits for 2011... 3 REGULAR BENEFITS... 5 Weeks Payable
More informationInternational Tax Poland Highlights 2018
International Tax Poland Highlights 2018 Investment basics: Currency Polish Zloty (PLN) Foreign exchange control None (generally) for transactions with EU, EEA, OECD and some other countries. Permission
More informationCan You Afford to Have One Spouse Stay at Home?
Select Portfolio Management, Inc 26800 Aliso Viejo Parkway Suite 150 Aliso Viejo, CA 92656 949-975-7900 800-445-9822 info@selectportfolio.com www.selectportfolio.com Can You Afford to Have One Spouse Stay
More informationSETTING UP BUSINESS IN MEXICO
www.antea-int.com SETTING UP BUSINESS IN MEXICO 1 General Aspects In Mexico there are different legal forms to establish an office to do business in the country, some of these forms do not need to create
More information