Category Archives: HLB International News

16 Feb

The law on tax free took effect in Russia

On January 1, 2018, the law on tax free took effect in Russia. The tax free system provides for the return of VAT in case of removal of goods from Russia by the citizens of foreign countries (except the Eurasian Economic Union countries – Armenia, Belarus, Kazakhstan and Kyrgyzstan). The goods should be bought in

15 Feb

Dutch VAT due by a German entrepreneur residing in Germany

Dutch Court of ‘s-Hertogenbosch recently ruled a rented apartment qualifies as a permanent establishment for VAT. The business activities of the German entrepreneur consist of the supervision of DNA testing via websites (paternity tests where permission from the mother is not necessary). The DNA tests are performed in Australia. Because the paternity tests without permission

13 Feb

HLB International appoints member firm in Rwanda

New addition to the network. HLB International, one of the leading global accountancy networks with presence in 150 countries, continues its growth with the recent signing of a new member firm in Rwanda,  M.N & Associates CPA. M.N & Associates CPA is based in Kigali, the capital city of Rwanda. Established in 2008, the firm

08 Feb

Overview of the Real Estate Industry in China

Food and beverage companies that want to keep growing and serving their customers are listening to their customers. In the last few decades, the Chinese economy has been expanding dramatically, and China is now the second largest economic entity in the world. As a pillar industry, real estate made an unprecedented contribution in stimulating economic

05 Feb

Consumers are Driving Major Food and Beverage Trends

Food and beverage companies that want to keep growing and serving their customers are listening to their customers. Today many consumers are passionate about their health, and it is none too soon. As a nation, the U.S. has become progressively less healthy, and the food and beverage industry has been a major contributor. From high-fructose

29 Jan

Why to consider Hungary as an ideal location for investing?

Hungary has a central position in Europe with well-developed infrastructure and excellent transportation connection to each neighboring country. Tax benefits and incentives From 1 January 2017, the standard rate of corporate income tax for Hungarian and, in some cases, foreign companies decreased to 9%. As Hungary is a member of the European Union, various financial

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