Profits Tax

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Profits Tax

A term for the corporate tax in Hong Kong.
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To avoid any problems that may arise from overloading the system over the weekend (31 March to 1 April), the General Taxation Directorate suggests that you take the measures for declaring and submitting a statement of payment of profit tax and financial statements for fiscal year 2017, within March 30, 2018, Friday calendar day.
She explained that all 37 firms were put in a privileged position through the installation of special software in the electronic system of the SPO that checked the printing of profit tax debt warnings thus making sure these taxpayers were exempt from forced debt collection procedures for about two years.
Macedonia needs a modernized profit tax because the current one isn't producing the expected results.
The new business profit tax should apply to theprofits of both foreign- and GCC-owned corporates and individual businesses," said the IMF paper.
RBC Daily reported this morning that in order to address this issue, the government is considering the introduction of an excess profit tax for the oil industry.
Highlights of the 2012 Budget" posted on the Ghana government website in mid-November include a statement that "Beginning in the fiscal year 2012, the following changes to the taxation of mining activities will apply: the corporate tax rate for mining companies will be increased from the current 25% to 35%; a windfall profit tax of 10% will be collected from all mining companies; and a uniform regime for capital allowance of 20% for five years for mining, as is the case in the oil and gas sector, is also established.
It is the strong and clearly stated view of Treasury that the Resource Super Profit Tax will grow the mining sector and the economy.
In a research note to clients, Su-Lin Ong, senior economist at RBC Capital Markets, wrote she expects Gillard to announce a "watered-down version" of the Super Profit Tax in the coming weeks.
The book consists of four edited and augmented Congressional Research Service (CRS) reports from 2006 to 2008, on the crude oil windfall profit tax of the 1980s and implications for current energy policy; oil industry financial performance and the windfall profits tax; current status and analysis of gas tax subsidies; and the use of profit by the five major oil companies.
Hong Kong will see modest economic growth this year of about 3 percent over last year, while a lower profit tax will keep the city's competitiveness against rival Asian states, the General Chamber of Commerce said Wednesday.
The Jamaican Cabinet has approved an amendment to the Betting, Gaming & Lotteries Act regulations to allow for the introduction of sports betting and payment of a 9% gross profit tax on sports betting offered by licensees, reports OPM (Sept.
It covers information on UK VAT, income, corporation, capital gains and inheritance taxes; plus autonomous Channel Island archipelago Guernsey's income and dwellings profit tax.