Capital city: Nassau Currency: Bahamian dollar (BSD) Population: 372,000 Language: English GDP …
This tax strategy allows an employee, who is also separately carrying on a business as a sole trader, to claim depreciation on the cost of an asset in their business that has been fully reimbursed by their employer. This strategy involves ‘double dipping’ as the employees business depreciation claim is unaffected by their employer…
Capital City: St George’s Currency: East Caribbean Dollar Population: 110,000 Language: English (official), Grenadian Creole English and Grenadian Creole French (regional) GDP: …
The cost of providing in-house recreation facilities to employees is deductible if it is located on the employer’s premises. Examples of in-house recreational facilities are a tennis court, a swimming pool, gymnasium or games room provided on an employer’s premises for staff use on work days. The employer can claim a deduction for the expenses…
Capital city: Willemstad Currency: Netherlands Antillean guilder (ANG) Population: 158,986 Language: Dutch, Papiamentu & English GDP …
Small businesses can claim a tax deduction for depreciable assets they purchase for their business provided they cost less than $20,000 each. This measure started on 12th May 2015 and ceases on 30th June 2018. Examples include cars, furniture, art work, coffee machines, etc. With this strategy purchasing a $20,000 depreciable asset for the…
Capital city: Brussels Currency: Euro (€) (EUR) Population: 11.25 million Language: Dutch, French & German GDP …
Childcare expenses are not tax deductible to employees as they are considered private in nature. If provided by an employer they are subject to FBT unless they are deemed exempt childcare benefits. Childcare benefits provided by an employer will be exempt from FBT under section 47(2) FBTAA where the employer has In-house childcare facilities. Salary…
Capital city: Monrovia Currency: Liberian dollara (LRD) Population: 4.7 million Language: English GDP …
A remote area housing benefit is an exempt benefit under section 58ZC of the Fringe Benefits Tax Assessment Act 1986. If a housing benefit is deemed a remote area housing benefit the employer can claim a tax deduction for the employees housing costs, and no FBT is payable. This converts an employee’s private housing…
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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2