Although the size of Turkey’s unregistered economy has diminished in recent years, it remains a major challenge for the country’s policymakers. To address this issue, the Revenue Administration (RA) has developed a five-point action plan that aims to boost volunteer contributions, improve government auditing capabilities, strengthen the deterrent effect of sanctions,...
At an average of 5.1% between 2003 and 2012, Turkey has experienced one of the world’s highest growth rates over the past decade. This was accompanied by drops in joblessness and poverty, as well as gains in school enrolment, home ownership and life expectancy.
Articles & Analysis | The rules of the game: Tax updates that businesses need to know from The Report: Brunei Darussalam 2013
The current tax rates in Brunei Darussalam are expected to help grow the economy. Individuals do not to pay any personal income tax, and sole proprietorships and partnerships also continue not to be subject to any form of taxes, a move designed to encourage the growth of small and medium-sized enterprises and support economic diversification in the...
Interviews & Viewpoints | Pengiran Moksin, President, Brunei Darussalam Institute of Certified Public Accounts, and Partner, Deloitte, on e-filing with STARS from The Report: Brunei Darussalam 2013
The collector of income tax (CIT) began to engage tax agents in late 2011 on their push for corporate income tax e-filing under the system for tax administration and revenue services (STARS). CIT’s work with tax agents and other stakeholders such as company directors and accountants involved with tax compliance, continued in 2012 to ensure the...