As a result of being heavily dependent on oil resources, the sultanate of Oman has actively pursued development that focuses on diversification, industrialisation and privatisation, with the objective of reducing the oil sector’s contribution to GDP to 9% by 2020.
The informal sector has been a large obstacle to tax collection in Peru. What is the best way forward?
CORPORATE INCOME TAX: Companies incorporated in Peru are considered domiciled entities for income tax purposes and, therefore, subject to income tax at a rate of 30% on net taxable income determined on a worldwide basis. Branches, agencies and permanent establishments incorporated in Peru of non-...
In what ways can the tax system be prepared for the impending economic integration of ASEAN?
Taxes in the Philippines are imposed at the national and local levels. At the national level, taxes are levied and collected pursuant to the National Internal Revenue Code, the Tariff and Customs Code, and several special laws. There are four main types of national internal revenue taxes: income, indirect (value-added and percentage taxes), excise...
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