Bahrain has the lowest corporate and personal taxes of all the GCC states. There is no personal income tax; no tax on capital gains; no withholding tax; no restriction on repatriation of capital, profits or dividends and very few indirect taxes. This chapter outlines rules and regulations for corporate and labour taxation, and provides an analysis of the significant changes proposed for the...
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Chapter | Accountancy & Tax from The Report: Bahrain 2012
Bahrain has weathered the effects of a difficult global economic period well, and its recovery has been solid, demonstrating the strength and flexibility of its economy. The government’s drive to diversify away from oil and gas dependence has been renewed, and a wealth of ambitious non-oil sector projects – from infrastructure to renewable energy technology – is now in the pipeline.
South Africa lies on the southern tip of Africa, occupying 1.22m sq km with some 2800 km of coastline along the Atlantic and Indian Oceans. The so-called “Rainbow Nation” has a population of around 50.5m and is a melting pot of ethnicities, cultures and languages that reflect its rich and tumultuous history.
Interviews & Viewpoints | OBG talks to Marivic Españo, Managing Partner and CEO, Punongbayan & Araullo from The Report: The Philippines 2012
How can the tax code be modified to make the Philippines a more attractive investment location?
Articles & Analysis | Duties in detail: Examining the nation’s tax codes from The Report: The Philippines 2012
Taxes in the Philippines are imposed at the national and local levels. At the national level, taxes are imposed 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...
Although economic headwinds have thrown international markets off course, the Philippine economy has managed to stay on a relatively even keel. Local authorities note that while GDP growth slowed in 2011 relative to 2010 due to weak external demand and government underspending, household