Featuring a tax viewpoint from OBG partner, Ay-Tjhing Phan, Tax Leader, PwC Indonesia, this chapter gives an overview of the tax system in Indonesia, with focus on changes to the tax system in recent years and regulations for potential investors.
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Interviews & Viewpoints | Mahmud Merali, Managing Partner, MERALI’S, on improving the business climate from The Report: Abu Dhabi 2014
In terms of addressing business challenges, improved corporate governance requirements, better risk management practices, and reforms to the legal framework would enhance the development and resilience of the UAE economy. Good corporate governance is a key factor in sustaining economic growth. Adhering to best practices in this respect can play an important role in...
Articles & Analysis | A simple regime: Tax laws are few and straight-forward from The Report: Abu Dhabi 2014
The federal government of the UAE has not promulgated any tax laws. Most of the individual emirates have issued corporate tax decrees, but, in practice, taxes are only imposed on oil- and gas-producing companies at rates set forth in their government concession agreements, and on branches of foreign banks at rates set out in specific tax decrees...
2013 saw the transition of power from the former Emir, Sheikh Hamad bin Khalifa Al Thani, to Sheikh Tamim bin Hamad Al Thani, his fourth son and second son with Sheikha Moza bint Nasser, a move unprecedented elsewhere in the Gulf but not unexpected in Qatar.
Articles & Analysis | Paid in full: A more in-depth look at local tax regulations from The Report: Qatar 2014
The current tax rules in Qatar are governed by Law No. 21 of 2009, which came into force with effect from January 1, 2010. The executive regulations, effective from July 1, 2011, contain the detailed rules related to the administration of the tax regime. The Public Revenues and Taxes Department (PRTD) also issues circulars from time to time to...
Articles & Analysis | Getting started: An introduction to general issues for foreign investors in Qatar from The Report: Qatar 2014
Many businesses coming to Qatar assume that a key issue they will face is taxation. Therefore, they are initially focused on structuring to ensure tax-efficient profit repatriation and to avoid the usual range of tax issues such as thin capitalisation. The standard approach to operating in Qatar by registering a branch or forming a local limited...