RSM Global

Financial services

Accounting standards. Industry regulations. Ever-evolving tax rules. New legislation.

With experience of supporting the financial services community in key financial hubs, across the network, we help organisations navigate complex reporting, governance and regulatory issues to achieve their business objectives.

World Economic Outlook 2015

1 January 2015
Economic Growth Trends

Mexico: Deduction for expenses apportioned from non-Mexican companies

19 December 2014
On 10 October 2014, Mexico’s federal tax authority, the Servicio de Administracion Tributaria (SAT), published a package of miscellaneous tax rules (the “October 10 Rules”) that included guidance on various Mexican tax provisions.

Hong Kong: Recent developments: Exchange of Information

19 December 2014
In 2014, Hong Kong signed seven Tax Information Exchange Agreements (TIEAs) with the US and six Nordic jurisdictions. The signing of the TIEAs marks a new era of Exchange of Information (EOI) in Hong Kong.

Hungary: New EKAER reporting obligations

19 December 2014
The Electronic Road Transportation Control System (EKAER) will help the tax authority in tracking every product transported in Hungary. The purpose of the system is to ensure no goods are put into circulation in Hungary that have not been previously reported to the Hungarian Tax and Customs Authority.

Transatlantic Trade and Investment Partnership

1 November 2014
In February 2013, the European Union (EU) and the United States (U.S.) commenced negotiations for a Transatlantic Trade and Investment Partnership (TTIP). The proposed pact would create the world’s biggest free trade area.

Issue 21 - RSM Reporting

20 October 2014
This twenty-first edition features:

Europe: The Mini One Stop Shop for e-services, broadcasting and telecom services

1 September 2014
In January 2015 the VAT legislation providing for the place of taxation for e-services, broadcasting and telecom services will change. Although the actual change in legislation will be minimal, it will have a substantial impact on the providers of these services from a VAT compliance perspective.

Hungary: Advertisement Tax

1 September 2014
Act XXII of 2014 on Advertisement Tax enters into force on 15 August 2014. The new public burden does not only concern the publishers of press products and commercial television channels.

Hong Kong: Effects of the international tax framework

1 September 2014
The globalisation and development of the digital economy has fostered continuous growth of cross-border transactions. As different countries adopt different tax regimes, taxpayers may avoid taxation in their home countries by pushing activities abroad to low or no tax jurisdictions.

China: Corporate Income Tax Incentives

1 September 2014
In order to encourage investment in certain areas in the People’s Republic of China, the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) jointly published the notice Caishui 2014 No.

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