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Indonesia's Job Creation Law unlocks new opportunities for foreign investors and expatriates |
Southeast Asia's largest economy, Indonesia, has moved the tax system forward to be more globally competitive among countries in the region. By enacting Law No. 11 of 2020 (Job Creation Law), the government has restructured several major tax laws at once, facilitating quick responses toward the need of economic recovery acceleration.
As Indonesia is expected to enter the post-pandemic era in the not-too-distant future, it is highly anticipated that a new pattern of business developments and economic activities will create distinct ways of competition compared to the pre-pandemic stage. To be able to compete, huge capital and development of science along with the technology will be essential. Thus, appropriate support from the government through the tax system is vital.
Intricacies of the tax audit process in Indonesia | International Tax Review
It is widely understood that under a self-assessment tax regime, a tax audit is for the tax authority to assess the tax compliance of the taxpayer. Meanwhile for the taxpayer, as the auditee, such a process is unavoidable and is the moment of truth for some. Tax audit findings are carried out by the tax auditor and disagreements may take place. Further, the process could subsequently lead to a tax dispute/litigation stage(s), i.e. tax objection and tax appeal or lawsuit in the tax court.
Expat Atty To Appeal Toss Of Fight Against US Transition Tax Regs - Law360
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CNFinance Announces First Quarter 2021 Unaudited Financial Results
Interest on deposits with banks decreased by 31.1% to RMB3.1 million ( US$0.5 million ) for the first quarter of 2021 from RMB4.5 million in the same period of 2020, primarily due to smaller average daily balance of time deposits.
Interest and fees expenses decreased by 22.2% to RMB156.3 million ( US$23.8 million ) for the first quarter of 2021, compared to RMB200.9 million in the same period of 2020, primarily due to the lower average interest rate of the borrowings under agreements to repurchase and other borrowings in the first quarter of 2021.
Universal Corporation Reports Annual Results | State | insidenova.com
RICHMOND, Va., May 26, 2021 /PRNewswire/ -- George C. Freeman, III, Chairman, President, and Chief Executive Officer of Universal Corporation (NYSE:UVV), stated, 'I am pleased to report that our net income and diluted earnings per share, and our non-GAAP adjusted operating income for fiscal year 2021, are all up over 20% compared to fiscal year 2020.
"Leaf tobacco shipments, which started slowly in fiscal year 2021, accelerated in the second half of the fiscal year. We ended the year with leaf tobacco volumes that were just slightly below those in fiscal year 2020, in part due to some tobacco shipments that were delayed and will ship in fiscal year 2022.
NextGen Healthcare Reports Fiscal 2021 Fourth Quarter and Full Year Results | Business Wire
"NextGen Healthcare's achievements, during this unprecedented year, are outstanding," said President and CEO Rusty Frantz. "We were decisive and kept focused on employee safety and meeting the needs of our clients in this challenging and transformational time. We leveraged our solid financial position, award winning platform solution and a resilient and well-equipped employee base to deepen our client relationships and gain new ones."
Frantz continued, "We delivered excellent fiscal Q4 financial results, led by an increasing number of large wins and strong ongoing demand for our full platform offering. This momentum provides a great launch pad for Spring '21 major platform release. This release brings forward exciting advancements, including our NextGen® Patient Experience Platform and much more as we detailed at our March investor event.
Airbus and Mercury Systems Announce Strategic Teaming
ANDOVER, Mass. and MUNICH, Germany, May 25, 2021 (GLOBE NEWSWIRE) -- Airbus Defence and Space and Mercury Systems, Inc., (NASDAQ: MRCY, www.mrcy.com ), a leader in trusted, secure mission-critical technologies for aerospace and defense, have announced today that they will cooperate in the field of autonomous and flight control computer programs.
Formalized by a Framework Cooperation Agreement, both industry-leading companies have shown their firm commitment to advance a strategic teaming agreement in research, demonstration, validation and certification of autonomous and flight control computer programs, especially algorithms and environment of execution.
Euler Hermes announces key changes in their Board of Management and Regional Management teams
"I warmly thank Frédéric and Michele for their immense contribution to the success of the company throughout the years, and wish them success in their future roles. I am delighted to welcome Anil, Fabrice, Milo, Holger and Paul in our Leadership Team, who all come with strong international and field experience.
Euler Hermes is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Headquartered in Paris , Euler Hermes is present in more than 50 countries with 5,800 employees. In 2020, Euler Hermes global business transactions represented 824 billion Euro in exposure. Euler Hermes is a full member of Allianz Group.
Vishay Intertechnology Declares Quarterly Dividend
Vishay Intertechnology, Inc.
Peter Henrici
Senior Vice President, Corporate Communications
+1-610-644-1300
Goldman's asset-management arm will own 51% of the venture, and the remainder will be held by an ICBC wealth-management subsidiary.
The British pound has gone back and forth during the course of the trading session on Wednesday as the 1.42 level continues to cause major issues.
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