From ECOVIS Network: US Protective Income Tax Return – Securing Deductions against US Gross Income
With the proliferation of digitalization in the global economy, many foreign businesses are accessing the US market online with minimal physical presence. In many instances, foreign companies selling to US consumers may have offices in the US that perform limited marketing or back office functions. But this can have tax consequences for Form 1120-F. There
DISCOVER
From ECOVIS Network: COVID-19 Economic Relief Package for Micro And SMEs in India
The Indian government has announced a package worth USD 260 billion, or the equivalent of around 10% of GDP, for the country’s struggling economy during the coronavirus pandemic. The corona aid package is of particular benefit to micro, small and medium-sized enterprises (MSMEs). Around 60 million manufacturing and service units are registered under this category,
DISCOVER
Legal Info August 14th, 2020: The Emergency Order no.130/2020
Summary: The Emergency Order no.130/2020 regarding some measures for granting financial aid from foreign non-reimbursable funds, due to the Operation Program Competitiveness 2014-2020, on the background of the crisis generated by the COVID-19 disease, as well as other measures in the field of EU funds Legal Info – 14.08.2020 – EN – Non-Reimbursable
DISCOVER
Tax Alert – 12.08.2020: Emergency Order no. 132/2020
Summary: Emergency Order no. 132/2020 regarding the introduction of relief actions for employees and employers on the background of the coronavirus Sars-Cov-2 pandemic, as well as for the stimulus of the workforce engagement (Kurzarbeit – short-time working, authorized individuals, tele-work, day laborers). Ecovis Romania – Tax Alert 12.08.2020 – EN This info is a
DISCOVER
From the ECOVIS Network: Insolvency Proceedings in Spain – Possible Alternatives for Companies and COVID-19 Impact
The number of insolvency cases in Spain is expected to increase from the current figure of 6,000 a year, to more than 15,000 as a result of COVID-19. Spanish law provides a series of procedures for those companies which cannot meet their payment commitments. In general, it is a matter of adapting the deadline regulations
DISCOVER
From the ECOVIS Network: Foreign Workers in Israel – Immigration of Professional Experts
Foreign nationals wishing to work in Israel need a valid work permit. There is a multi-stage approval process. ECOVIS Legal Israel supports companies in completing this process as quickly as possible. The procedure for obtaining a work permit for foreign employees in Israel is complex and can be lengthy. Ecovis in Israel supports clients with an
DISCOVER
From the ECOVIS Network: Government Support for Businesses in Vietnam – Fighting COVID-19
The Vietnamese government has used drastic measures to prevent and control the COVID-19 pandemic at all levels. It has achieved encouraging results. This consistent approach is paying off: In the April 2020 World Economic Outlook, the International Monetary Fund forecasts growth of 2.7 percent. The rating agency Moody’s expects 2.8 percent growth in 2020. The government
DISCOVER
From the ECOVIS Network: Aviation Industry in Ukraine – Challenges and Opportunities
The Ukrainian aviation industry is dynamic and constantly developing, which generates economic growth, creates jobs and facilitates tourism and international trade. The industries directly supported by aviation are growing accordingly. Although the beginning of 2020 was marked by the worldwide spread of the COVID-19, which also had a strong impact on the aviation industry in
DISCOVER
Tax Alert 30.03.2020
Summary: 1. Emergency Order (OUG) 32/30.03.2020 — regarding the change and the addition of the Cabinet OUG no. 30/2020 for the modification and addition of some regulatory documents, as well as for the establishing of proceedings for social protection on the background of the SARS-COV-2 epidemic and for the introduction of additional measure for social
DISCOVER
ECOVIS Romania – Tax Alert 22.03.2020
Esteemed Partner, We invite you to read the newest Tax Alert prepared by ECOVIS Romania team. Summary: OUG 29/21.03.2020 — regarding economy & tax and budget measures; OUG 30/21.03.2020 — regarding measures for social protection on the background of the spreading of Coronavirus SARS-CoV-2; includes conditions for the receiving the allowance for ”technical unemployment” –
DISCOVER