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Daily Archives: 17. september 2021

Double Tax Agreement Malaysia Thailand

In any case, the credit must not exceed the Singapore tax rate, i.e. you cannot get a credit higher than what you owe in Singapore for your Thai income. Related companies If a company directly or indirectly controls another company or if the same persons run companies in two countries different from the tax treaty, and in trade between the two companies, there are different financial conditions than would be expected from unrelated companies, then the tax authorities can adjust the income between the two companies, to reflect the usual business situation. For example, if a company in Singapore sends a person to Thailand to study the possibility of opening a factory in Thailand, their salary would most likely be exempt from Thai income tax, provided they spend less than 183 days in Thailand. Dividends from shares and investment funds paid to natural persons Since the maximum tax on dividends paid to natural persons is 10% under national law and no tax treaty provides for a lower rate, no tax treaty offers a particular advantage to persons who receive dividends. Capital gains paid to individuals Capital gains paid to individuals from the sale of shares on the Securities Exchange of Thailand and investment funds are exempt under national law and therefore there is no special benefit under a tax treaty. . . .

Disparagement Agreement

Non-disparaging provisions can be effective in deterring former workers from «denigrating a former employer after employment or billing. Nevertheless, employers may wish to know the limitations and practical aspects of applying these provisions. The consequences of violating a non-vaccination agreement are primarily financial. Depending on the language of the agreement, you could be on the hook to reimburse all or part of your severance pay if non-vaccinations were a condition for you to receive this salary. One of the ways to circumvent the problem of speculation and justify damages is to introduce a lump sum/specific provision on compensation, in conjunction with the non-vaccination clause. Note that employers may want to carefully choose the amount of lump sum damages – setting the amount too high could be considered an unenforceable «penalty». If you set the amount too low, the discharge may, in extreme cases, fall below the actual damage. Another way to avoid the problem of damages may be to seek an injunction and a benefit instead of damages. On the one hand, if you have been blind to a layoff and need the money to pay your rent and buy food for a few more months until you find a new job, you can choose to sign a non-disparagement clause to get the severance pay offered to you. These decisions indicate that statements that are factual and that, by their nature, do not imply anything negative about a party, do not lead to a violation of a non-vaccination clause. . .

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Describe Importance Of A Partnership Agreement

The reality is that despite dreams of longevity and unwavering confidence, entrepreneurs` desires and expectations change over time. A written partnership agreement can meet these expectations and give each partner confidence in the future of the company. A written agreement can serve as a protection that protects both the business and each partner`s investment. A partnership agreement should contain appropriate restrictions on the sale and disposal of shares in an undertaking in order to control who owns the undertaking. In the absence of a written agreement defining how the interests are sold, an owner may sell his interests to others, including a competitor. If the parties do not discuss what happens after the death or obstruction of a homeowner, the remaining owners could end up in business with the spouse or other family members of a disabled or deceased partner. A written partnership agreement should contain provisions protecting minority partners. Such a clause, the «Tag along» provision, protects minority owners in the event of a takeover by third parties. If a majority shareholder sells its shares to a third party, the minority partner has the right to be part of the transaction and to sell its shares on similar terms. The advantage for the minority owner is that he can avoid being in business with an unwanted new co-owner. This provision also ensures that all partners receive similar takeover offers and protects minority owners from having to accept much less attractive offers. Also remember that the partnership contract is intended to protect all parties involved and to protect the company as a separate entity, that is, if one of your colleagues is reluctant to enter into a formal agreement of this type, you should ask some very serious questions about why this is the case. An agreement should contain provisions on what happens in the event of the death, obstruction or private bankruptcy of an owner.

Each of these events could have a negative impact on the business. In the absence of a written agreement to address these situations, the owners could be forced to dissolve the company, jeopardizing the investments of all partners. Provisions dealing with these scenarios can add predictability and stability when they are most needed….