In general, provisions or reserves for expenses are not deductible when calculating Taiwan income tax liability. However, enterprises can deduct a reserve set aside for a government approved retirement fund. The maximum deductible amount for such reserve is up to 15% of the company's payroll. Such reserves must be on the accounting books of the enterprise, and not off the books just for tax purposes.
Panama published Resolution No. 201-0717 of 26 January 2023 in Official Gazette No. 29712 on 31 January 2023, which regulates the phases for banks...
The OECD is consulting on a targeted update of the Guidelines for Multinational Enterprises, which were last updated in 2011. --- Targeted upda...
On 2 February 2023, Qatar published Law No. 11 of 2022 in the Official Gazette, introducing several changes to the Income Tax Law (Law No. 24 of 20...
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