Required liquor licenses are now free to obtain, Dubai announced on New Year’s Day.
Browsing: tax
The rate will kick in on profits above USD 102,000; there will be a zero tax for small-sized enterprises, tough. The Finance Ministry said the tax regime will be among the most competitive in the world.
The import rate on bikes will drop gradually starting March, from a current 35% to 20% in December.
The administration convened this week to outline actions intended to keep exchange rate fluctuations in check and protect purchasing power.
The Foreign Trade Chamber has expanded the list of goods with temporary import tax exemption. Mask fabric and batteries were included, among others.
Brazil’s Federal Revenue reported BRL 114 billion collected, up only 0.06% from September 2018, but still the highest amount for the month since 2014.
The Ministry of Economy has increased the list of tax-free machinery and equipment items, in a bid to render them more accessible to companies.
Brazil’s Federal Revenue has changed its stance on charges formerly applicable to entry of funds stemming from foreign salese, as per this Wednesday (24)’s Federal Gazette.
USD 34 billion went into the government’s coffers during the month in Brazil, with collection driven by oil royalties.
The amount collected in February was BRL 115 billion, up 5.3% from a year ago.
Government collection amounted to USD 383 billion in 2018. It was the biggest amount since 2014.
The amount collected by government is down 0.27% from November 2017.
A study from Brazil’s Institute for Applied Economic Research (Ipea) shows that Brazilians spend an additional USD 34 billion per year on goods and services as a consequence of tax barriers.
