COMTAX expands its market presence to Brazil by partnering with TAXCELCOMTAX, the Swedish provider of unique tax planning and tax management tools, and TAXCEL the Brazilian technology company specialized in simplification and optimization of the tax assessment and review process, announce they have reached an agreement for TAXCEL to promote COMTAX products and services in the Brazilian market. Brazil is the largest national economy in Latin America and ninth largest economy in the world. Added to this Brazil has also the eighth largest purchasing power parity. The Brazilian tax landscape is one of the most sophisticated in terms of leveraging technology. As Brazilian companies expands their global presence into foreign locations it will create an increased amount of cross-border taxation issues. “It is a great opportunity to partner with COMTAX, since both companies have developed systems designed to simplify the work of different professionals: we are aligned in the use technology as a tool for companies´ daily business. We believe this can facilitate tax professionals work as well as companies’ transaction evaluation. This is especially relevant in the Brazilian taxation scenario” says, Pedro Lima, Founder and CEO of TAXCEL. “This is a unique market that has been difficult for us to approach from our other locations and partners. By partnering with TAXCEL it creates a great opportunity as TAXCEL has the advantage of not only being a local tax software company but they also have the ability to leverage their many years of working as tax professionals in Brazil. We hope that this is the start to reach other Latin American markets as well.” says Christoffer Asmundsson, CEO of COMTAX. For more information contact:
CbC Reporting deadline extended in Cyprus and Panama announces bill criminalizing tax evasion1/4/2018
BEPS newsCyprus - CbC Reporting Deadline Extended The deadline for the filing of the CbC reports for 2016, initially due by the last day of the reporting fiscal year (usually 31 December), has been extended to 28 February 2018. The deadline for CbC reporting notifications for 2017 has been extended to 15 January 2018. Local tax newsPanama - Bill Criminalizing Tax Evasion Announced
Panama has approved a bill criminalizing tax evasion. The bill would be presented during the next period to the National Assembly. The bill establishes the threshold for the defrauding transactions, imprisonment time and fines. Furthermore, it establishes conditions for the relief if a company paid taxes voluntarily. However, the relief might be granted only once for each individual or legal person. If these news are something which you find interesting and wish to receive our full newsletter or if you would like to discuss them further we are happy to be at your service. Contact us at sales@comtaxit.com. |
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