Tax

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Chapter | Tax from The Report: Kuwait 2017

This chapter contains an overview of the tax framework under which local and foreign investors operate, including a look at the value-added tax being rolled out in Kuwait and across the GCC, a rundown of the remittance, excise and corporate taxes in place and an outline of the tax incentives and credits under the new investment law.

As Kuwait’s economy continues to adjust to the new oil price environment the country’s government is pushing ahead with investment plans and reforms that promise to put the country on a sustainable growth path in the coming years.

Despite considerable geopolitical volatility, Thailand’s economy remains well diversified, stable and poised for expansion in 2017.

 

For many years, Trinidad and Tobago has maintained a flat tax rate of 25%. This has since changed following the 2016/17 National Budget, which was introduced in September 2016. Effective January 1, 2017, individuals and companies whose chargeable income is in excess of TT$1m ($149,000) will be charged at a tiered rate. The progressive tax...

 

Facing twin challenges of low energy prices and a sluggish global economy, Trinidad and Tobago finds itself in a perfect storm. To illustrate the extent of this challenge, revenue from petroleum fell from TT$19.3bn ($2.9bn) in 2014 to TT$1.7bn ($254m) in 2016, resulting in a huge hit to government coffers. While these circumstances are trying...

Chapter | Tax from The Report: Trinidad & Tobago 2017

This chapter explores aspects of Trinidad and Tobago’s taxation system, examining a wide range of areas of special interest to international investors, such as income and corporate tax, petroleum profit tax, withholding tax, value-added tax and Customs tax, among others.

This chapter contains a viewpoint from Angela Lee Loy, Chairman, Aegis Business Solutions.

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