The redistributive consequences of economic adjustment following the near recession of 2011- 2013 in Albania have been lately at the center of policy discussions. Social discontent has been brewing even in economies with a positive track record of sustained growth and reductions...
Individual Income Tax Declaration Annual Declarations of Individual Income Taxes. Tax calculation of withholding taxes on income derived from renting, individual creative work as well as from other sources of income. Declaration of national and local taxes and fees Assistance in calculating and declaring local...
A Accelerated Depreciation Various methods of depreciation that yield larger deductions in the earlier years of the life of an asset than does the straight-line method. The double (or 200 percent) declining balance method is an example of an accelerated depreciation method. Accident...
Over the past couple of weeks there has been a lot discussion about the value-added tax among those in the media and in certain policy circles. The conversation began because Senator Ted Cruz introduced a tax reform plan that would...
One unique aspect of the United States’ tax code is that it taxes the income of all its citizens no matter where they live. In recent years, this has caused a lot of headaches for U.S. citizens living abroad, especially...
Where gas is sold as liquefied natural gas (LNG) the point of valuation may be an issue. Gas, like oil, is generally subject to a special tax regime, usually the same one that applies to oil or a modified version. In...
Pan european tax administrations have identified problems with subcontractors in the construction industry. In many cases problems are similar but there are also some remarkable differences, often depending whether a reverse charge or withholding tax system is used or not....
The Albanian regulations reserve the profit split method for situations in which both parties to an intercompany transaction own valuable intangible asset. However, in many respects, a simple profit split is better suited to circumstances in which individual group members engage in an...
Nor are flat taxes synonymous with low taxes. Certainly, most countries have cut their tax rates as they have flattened them. In 1994, Ukraine's top rate reached the stratospheric level of 90%, before descending, in stages, to its current single...
There are often special rules for natural resource capital expenditure. Tax depreciation rules are sometimes based on elaborate classification of assets, but this may be difficult to apply to natural resource operations, opening the door to technical disputes. New asset classifications specific...
