Friday, October 8, 2021

Indonesian parliament passes major tax overhaul bill | Reuters

JAKARTA, Oct 7 (Reuters) - Indonesia's parliament on Thursday passed into law the government's proposals to overhaul tax regulations, deputy speaker Muhaimin Iskandar said, including raising the value added tax rate next year and scrapping a planned corporate tax cut.

Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

Publisher: Reuters
Date: 2021-10-07T04:58:07Z
Author: Reuters
Twitter: @Reuters
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Harris, Harvey, Neal & Co.

DANVILLE, Va. — Harris, Harvey, Neal & Company, LLP, one of the largest and oldest accounting firms in the area, has merged with the prominent local accounting firm of Snead, Williams & Mayhew, PLLC.

Snead, Williams & Mayhew, PLLC directors, Charles W. Snead, CPA and Michael A. Mayhew, CPA have joined Harris, Harvey, Neal & Co., LLP as partners.

Publisher: Chatham Star-Tribune
Twitter: @StarTribNews
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Consumer Use Tax and Business Liability | AccountingWEB

Your clients may understand at least the basic concept of sales tax, but what about consumer use tax? This is likely where the confusion clouds roll in. Understanding consumer use tax is imperative for your clients to operate their business legally and maintain tax compliance.

If you have a client that is a new seller, are you aware that consumer use tax is just as obligatory as sales tax? Many sellers overlook this fact and fail to report it properly.

Publisher: AccountingWEB
Date: 2021-10-07T18:31:20 01:00
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South Korea To Tax 20% On Crypto Gains in 2022 | Bankless Times

On Thursday, South Korean Finance Minister and Deputy Prime Minister, Hong Nam-ki, said that the country will be moving ahead with plans to tax cryptocurrency gains. The new 20% tax will start in 2022 and NFTs will be exempt.

The new crypto tax has been put into effect due to the sudden explosion of the South Korean cryptocurrency market. The crypto market now rivals the nation's stock market so many believe that now is the right time to introduce taxation. 

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Publisher: Bankless Times
Date: 2021-10-08T09:41:11 00:00
Twitter: @BanklessTimes
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Real Estate Investment Trusts: Tax Implications for Investors

Rajeev Agarwal of Qatar Navigation QPSC discusses the tax implications of real estate investment trusts, and looks at examples in several jurisdictions.

A real estate investment trust (REIT) is a company that owns, operates or finances income-producing real estate. Equity REITs generate income through the collection of rent on, and from sales of, the properties they own for the long-term.

Twitter: @tax
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Up or down? How will the 2022 budget affect your taxes?       - DutchNews.nl

In September, the Dutch government announced its budget for next year, including some alterations to the tax regulations . Here’s what you need to know.

‘Because there is still no official coalition and the government is acting in a caretaker capacity, there is not much change this year,’ said a spokesman for tax adviser Blue Umbrella. ‘However, there are some alterations that could be very important for expats in particular.

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Publisher: DutchNews.nl
Date: 2021-10-07T08:50:19 01:00
Author: robin
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Indonesia to Impose Carbon Tax in April 2022 Using Two Schemes - News en.tempo.co

TEMPO.CO , Jakarta - Starting April 1, 2022, Indonesia's Finance Minister Sri Mulyani Indrawati will start collecting carbon taxes from coal-fired power plant entrepreneurs. The billing will be done only if a plant emits CO2 exceeding the cap set by the government.

Publisher: Tempo
Date: 2021-10-08T13:36:00 07:00
Author: Laila Afifa
Twitter: @tempodotco
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Income tax schools – Ohio Ag Net | Ohio's Country Journal

Dealing with the tax provisions of the COVID-related legislation for both individuals and businesses are among the topics to be discussed during the upcoming Tax School workshop series offered throughout Ohio in November and December.

The annual series is designed to help tax preparers learn about federal tax law changes and updates for this year as well as learn more about issues they may encounter when filing individual and small business 2021 tax returns.

Publisher: Ohio Ag Net | Ohio's Country Journal
Author: Matt Reese
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Eligibility criteria - Lexology
Publisher: Lexology
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