Cookies Policy

We use cookies to ensure we give you the best experience on our site. If you continue without changing your settings, we assume you're happy to receive all cookies on this site. If you would like to, you can manually change your cookie settings at any time.

Continue

News & Knowledge

All Knowledge & Opinions

India: Key highlights of the Interim Union Budget 2019

5th February 2019

This article by MSI’s Mumbai based accounting member Chokshi Group provides key highlights of the Interim Union Budget 2019.

Read full article >

Colombia: Offshore exploration, a pending assignment

5th February 2019

Colombia still lags in offshore exploratory activities, a situation negatively affecting development of the country. Hydrocarbon exploration and recovery are key conditions for local markets to grow stronger while maintaining their competitiveness in the eyes of foreign investors. Onshore exploration, that is, over land territories of countries, should be supplemented by efforts to make offshore exploration acquire enough momentum and become a real and efficient part of the economies. Unfortunately, Colombia is significantly behind in this endeavor. MSI's Colombian law member Sanclemente Fernandez Abogados SA provides further insight.

Read full article >

China: Tax benefits to overseas investors reinvesting distributed profits expanded

5th February 2019

For the purposes of further encouraging overseas investors to invest in China, the Ministry of Finance, the State Administration of Taxation, the National Development and Reform Commission and the Ministry of Commerce recently issued the Circular about Expanding the Scope of Application of temporary waiver for Withholding Income Tax on Direct Investments with Distributed Profits by Overseas Investors (Cai Shui [2018] No. 102). Compared with the previous policy of Cai Shui [2017] No. 88, the scope of application of withholding income tax for foreign investors has been expanded with other provisions remain the same. MSI's Chinese accounting member Lehman Brown Ltd. provides further information.

Read full article >

New tax scheme in Norway – PAYE

5th February 2019

From 2019, a new and simplified tax scheme is available for foreign workers in Norway. The scheme is called PAYE (Pay As You Earn). Most foreign workers will fall under this scheme the first year they work in Norway. MSI's Norwegian law member Magnus Legal provides further information about the new PAYE scheme.

Read full article >