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Foreign travel advice Indonesia
FCDO advises against all travel to parts of Indonesia.
Foreign travel advice Romania
Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).
Foreign travel advice The Gambia
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).
Foreign travel advice China
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).
Guidance Living in South Korea
Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.
New Tax Filing Method for Veterinary Drugs Trading Enterprises
On 4 February 2016, the State Administration of Taxation (SAT) released the SAT Announcement [2016] No.8 that would take effect from 1 April 2016 for general VAT taxpayers engaged in the veterinary drugs trading business.
The announcement states a Simple Tax Filing Method may be adopted for calculating and paying VAT based on the sales volume of the veterinary biological products and the tax rate is 3%.
This presents veterinary drugs trading enterprises with the option to choose a more cost-efficient tax filing method. However, taxpayers should consider the Simple Tax Filing Method option carefully as it cannot be changed within 36 months of its adoption. Proper tax planning is essential to figure out whether the Simple Tax Filing Method is more beneficial for the business.