Also in the news...
Press release New plans revealed to help small firms and improve access to cash
New Fair Payments and Disability Finance Codes launched to support SMEs
Guidance Overseas business risk for Taiwan
Information on key security and political risks which UK businesses may face when operating in Taiwan.
Guidance Overseas business risk for Guinea
Information on key security and political risks which UK businesses may face when operating in Guinea.
Activities With Tax Reduction
It is of utmost importance to check, if according to law, the activities you carry out have any tax incentive for income tax purposes. The Income Tax Law in its Title VII - On Fiscal Incentives, indicates in each chapter those activities that enjoy reductions and facilities for the payment of their taxes. The activities are as follows:
How Organised Leave Planning Improves Workplace Efficiency
Efficient leave planning is essential for any organisation to maintain productivity and ensure employee satisfaction. When done effectively, it can prevent disruptions, foster collaboration, and promote a balanced work environment.
Thinking Of Expanding Your Business Into New Territories?
Today sees the launch of a new report from The Economist Intelligence Unit, sponsored by TMF Group.
"Corporate overseas expansion: opportunities and barriers" examines the motivations and practical challenges faced by over 150 global businesses when they set up operations in a new geographic territory.
Depending on your location, your routes and reasons for expansion could also be very different. What issues are you likely to encounter?
Top 5 challenges faced by businesses when expanding:
1. Understanding and adapting to socio economic circumstances in target market
2. Exchange rate volatility
3. Data protection and privacy laws
4. Security and personal safety of staff
5. Local employment customs, practices and laws
Europe
Three in four European companies cite opening new markets for their products and services as the key driver in international expansion.
Asia Pacific
Businesses in Asia Pacific prioritise finding new sources of capital.
North America
US firms are heavily reliant on Chambers of Commerce, with over half seeking assistance in both their home and destination market.