The International Tax Services (ITS) team at BDO in India is pleased to bring to you ‘The Global Tax Chronicle’ - A quarterly summary of global tax trends and compliances. Each edition of the chronicle will deliver an international perspective on critical tax developments across the domains of direct & indirect taxation and transfer pricing.
A unique section would spotlight a different country in each edition, elaborating on significant tax regulations in that jurisdiction. The publication will also be supplemented with a compliance calendar highlighting key tax compliances worldwide, from a business perspective.
Edition 10 Country in focus: Canada
Canada is the 8th largest country by nominal GDP with an estimated growth of more than 3.8%. With a strong economy, talented workforce, competitive salaries and attractive investment opportunities, Canada remains a viable choice for investors to register their businesses. Canada has 14 trade agreements with 49 countries giving investors a preferential market to invest in along with serving as a central hub for global trade with its air transport infrastructure that is the best in the world and its coastal ports providing direct maritime access to Asia, Europe and South America. Ranked as one of the most attractive countries for entrepreneurs, talent attractiveness amongst G7 nations and providing a better quality of life, makes it an ideal country for tax and regulatory-related environment establishment.
This edition also spotlights the newer forms of a Permanent Establishment in the evolving digital economy and its interplay with each of the tax laws viz. corporate, indirect taxes, and transfer pricing.