Setting Up Multiple Branches Worldwide

As a business owner, the ambition to set up multiple branches worldwide represents not just your success but also a strategic move towards expansive growth and diversification. If your business is evolving beyond your local boundaries, you may be ready to embrace
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Indicators for Corporate Expansion Worldwide

Expanding your business across international borders is an ambitious yet rewarding venture. However, it’s a path that may not suit every business at any given time. The decision to expand globally goes beyond the typical metrics of financial health and market growth.
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United Kingdom – Corporate Taxes Summary

Resident companies are taxable in the United Kingdom on their worldwide profits (subject to an opt-out for non-UK PEs), while non-resident companies are subject to UK corporation tax on the trading profits attributable to a UK PE, the trading profits attributable to
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HMRC performance and VAT simplification.

On 29 January 2024, ICAEW Head of Tax Strategy, Frank Haskew, sent two letters to the Financial Secretary to the Treasury (FST), Nigel Huddleston MP.   The first letter concerned HMRC service performance. It called for increased investment in HMRC to develop better digital
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Spain – Corporate Taxes Summary

The general CIT rate in Spain is 25%. Other tax rates may apply, depending on the type of company that is taxed and its type of business. Resident companies are taxed on their worldwide income. For PEs in Spain of foreign companies, non-resident income
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Portugal – Corporate Taxes Summary

Resident companies in Portugal are taxed on their worldwide income.  There is an optional regime to exclude from taxation the profits and losses allocated to a foreign PE of a company resident, for tax purposes, in Portugal. The regime applies provided that
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Norway – Corporate Taxes Summary

A Norwegian resident company is, as a starting point, subject to corporate income tax (CIT) on its worldwide income. Non-resident companies are, as a starting point, liable for CIT in Norway when engaged in a business that is either conducted in or
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UK – Changes to accounts preparation

As well as measures to tackle economic crime, the new Economic Crime and Corporate Transparency Act aims to improve information held on the UK companies register. Following a lengthy parliamentary process, the Economic Crime and Corporate Transparency Act (ECCTA or the Act)
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Netherlands – Corporate Taxes Summary

In general, a Dutch resident company is subject to CIT on its worldwide income. However, certain income can be exempted or excluded from the tax base. Non-resident entities only have a limited tax liability with regard to income from Dutch sources. Standard
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