Tax & Accounting Blog

Korea’s Sluggish Trade and the Government’s Efforts to Boost This Slump

Korea’s Sluggish Trade and the Government’s Efforts to Boost This Slump

Current status of international trade in Korea Being the world’s sixth largest exporter, South Korea has a high level of dependence on exports for the economy. Recently though, the fiscal prospect of Korea’s economy for 2016 is dark, as exports are shrinking year-on-year from Jan. 2015 to Mar. 2016. In fact, Korea noted 15 straight … Read More

Italy Issues Guidance on Patent Box Election Requirements

Italy Issues Guidance on Patent Box Election Requirements

On May 6, 2016, the Italian tax authorities (ITA) issued Protocol No. 67014 concerning procedures for obtaining advance tax rulings for qualifying taxpayers electing application of the patent box regime. Starting May 6, 2016, qualifying taxpayers with turnover (or gross revenues) up to €300 million must submit their applications (and related supporting documentation) … Read More

Better know a Tribal Tax: San Carlos Apache Indian Reservation, Arizona

Better know a Tribal Tax: San Carlos Apache Indian Reservation, Arizona

This is the initial installment of a series of blog posts intended to familiarize the reader with some unique tribal areas supported by Onesource. This post covers one of the more recent tribal areas now supported by Onesource, the San Carlos Apache Indian Reservation in Arizona. We added the San Carlos Apache authority in our … Read More