Archive for September 23rd, 2021

23rd September
2021
written by Tellus

However, in order to avoid the misuse of this derogation, in particular by third-country nationals who set up holding companies in Singapore to benefit from the capital gains exemption, the contract added a `limitation of benefits (LOB)` clause. Under this clause, a company registered in Singapore is not entitled to the capital gains exemption if the sole purpose of setting up the company was to benefit from that benefit. In addition, companies that have a negligible business in Singapore, without business continuity, are not entitled to this benefit. Under the LOB clause, the agreement does not apply to shell companies. In August 2020, the Central Board of Direct Taxes (CBDT) issued Guidelines on Mutual Agreement Procedure (MAP), which contains the following four parts: the Double Taxation Convention (DBA) between Singapore and India entered into force in 1994. The provisions of this Agreement have been amended by a Protocol signed on 29 June 2005. The second protocol was signed on 24 June 2011 and entered into force on 1 September 2011. The DBA agreement eliminates double taxation of income between Singapore and India and reduces the overall tax burden on the people of both countries. Although the vast majority of Singapore`s tax treaties currently do not contain an arbitration clause on POPs, Singapore signed the MLI last June, which will amend certain provisions of the tax treaty and allow taxpayers to seek settlement of POPs cases through arbitration if the competent authorities are unable to reach an agreement within a specified period of time.

The amendments decided by Singapore and the Contractor will enter into force as soon as Singapore and the Tax Treaty Partner have ratified the MFI. The inclusion of a mandatory arbitration clause in tax treaties should make POPs more effective as a dispute settlement mechanism. IRAS shall inform the taxable person of the outcome of the MAGP within one month of the conclusion of the agreement with the competent foreign CAs. IRAS will regularly inform the taxpayer of the progress of the negotiations and will endeavour to resolve the matter within 24 months of receipt of the request. To address this issue and reduce the overall burden on a taxpayer, Singapore and India have signed the DBA. In accordance with the signing of the agreement, all taxable income in both countries is taxable in only one country, in accordance with the provisions of the DBA. The ARTICLE OF THE POPs in the Indian Income Tax Agreement is based on Article 25 of the OECD Model Agreement. A pop application may be submitted by a taxable person if it is constituted by the tax authorities of one or both of the contractors accordingly or not in accordance with the tax treaty concerned. This procedure allows the competent authorities of States Parties to resolve by mutual agreement differences or difficulties in the interpretation or application of tax treaties.

The Domestic Revenue Authority of Singapore (IRAS) has published an e-tax guide that provides taxpayers with guidelines for cartel proceedings (POPs) under Singapore`s tax treaties. The Guide contains a great deal of information on the interpretation and application of the common provisions of Singapore`s tax treaties and sets out the effects of the Multilateral Agreement on the implementation of tax treaty-related measures to prevent profit reduction and profit shifting (MLI). . . .

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23rd September
2021
written by Tellus

Modern Awards In 2010, the Modern Awards replaced the old distinctions with online and reduced conditions. Modern prices are not as comprehensive as ancient distinctions, and although some conditions have been maintained, some have inevitably been lost. If your school does not have a collective agreement for you, your framework conditions will be set by the Modern Award. These are well below industry standards and are only a bare minimum, designed solely as a “safety net” to prevent exploitation. For more information, see the following links. Many schools have entered into collective agreements by negotiating with the IEU. This is the first place where you should determine your terms of employment. Below is a link to a list of company agreements: a company agreement is the safest and most effective way to improve employment conditions in your workplace. If your school has such an agreement, it is legally binding.

Your contract is a legally binding document that outlines many of your terms and conditions of employment, including your rate of pay. If you have been offered a fixed-term contract, it is particularly important that you go to your union to find out about your rights. In Victorian Catholic schools, primary school teachers can be assigned a maximum of 21 hours per week in the first year, and for secondary school teachers, the maximum is 18 hours per week in the first year. As a result, some students do not receive a formal learning program and staff and students may need to work and learn how to put their mental and physical safety at risk. This is no more obvious than in special schools and colleges. Have you provided your employer with a copy of your VIT registration number? Remember that you cannot teach in a Victorian primary, secondary or special school unless you have a VIT registration (or teaching permission). Most applications are processed by VIT in January and February, so you`re ready to teach at the beginning of the school year. If you have not received your card before the start of the courses and your application has been successful, you may be able to access your VIT registration number in the VIT register: www.vit.vic.edu.au/search-the-register As an employee of an independent school, your terms of employment can be determined by certain documents read together. . .

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23rd September
2021
written by Tellus

In both Poland and the Czech Republic, the lease can only be registered with the agreement of the owner of the property, whose signature must be officially verified. The best time to open this topic with the landlord is therefore during rental negotiations. In the Czech Republic, the rental agreement can only be deleted from the register if the termination of the rental agreement is proven in the land registry, except in the case of its termination due to the expiry of the rental period, in which case a simple declaration by the lessor is sufficient. In Poland, the application for cancellation of the lease can be filed by the owner of the property or by the tenant. the agreement of the other party to the lease is not required; However, the lease can only be cancelled if the application is accompanied by a document attesting to the termination of the lease agreement (e.g. B a termination). In this article, we have tried to take some important aspects with regard to the payment of stamp duty and the registration of rental contracts, as well as the risks associated with it. Both the tenant and the lessor must check all the clauses mentioned in the document before signing. It is good practice to share the draft treaty first before going to print. Once you have verified and understood the details and conditions of the document, it can be verified. Agent: The term “agent” refers to real estate agents who register on behalf of the owners. That is why it is very important that the lease builds all the necessary details about the transaction and does not look like anything.

Here`s a succinct checklist on the topics a rental agreement should cover: Check the previously registered contracts and check out the details of each contract. If you save a contract and click Save, it means that your rental request is now in design state and can be called in the left toolbar via the Contract Registration Project option in the Contract Registration section. The rental agreement will only be sent after the five sections have been completed and you click Send. With the Request Feedback option in the Contract Registration section in the left toolbar, you can access rental agreements that have not been registered, as the housing authority needs additional feedback. When accessing the contract in the “Request Comments” section, the lessor may amend the contract to meet the mandatory requirements In some countries, the registration of a lease in a public register is mandatory. in other countries, it can be seen as an advantageous instrument for tenants and landlords, especially with regard to claims by third parties. In Poland and the Czech Republic, the registration of a lease in a public register is optional. There are no fees for the renewal of leases that are included in the contract as the lease is renewed annually. The Act applies only to primary-use leases entered into after 1 June 1995. Housing rental contracts drawn up after 1 June 1995 but before the entry into force of this Law and which would still be in force on 1 January 2021, whether within the initial or renewed period, must be registered no later than 1 January 2021.

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