United States: Simplify Your Delaware Annual Report Filing

Timely filing of your annual reports in those US states in which you’re registered to do business is a vital part of keeping in good standing. Delaware, specifically, requires that every company incorporated in Delaware, including non-profits, file an annual report. For-profit corporations must also pay a franchise tax to remain in good standing. Foreign corporations filing due date is 30 June.
Who needs to file a Delaware annual report?
All of the incorporated businesses in […]

By |May 12th, 2015|

Malta: VAT On Yacht Leasing In Malta

Yachting is an ever-growing industry in Malta. In terms of guidelines issued by the Maltese VAT office, the overall VAT incidence incurred on the acquisition of a yacht can be reduced substantially depending on the size and means of propulsion of the yacht.
Introduction
Back in 2005, the VAT Department issued guidelines on the VAT treatment of the leasing of yachts by a Malta company.The guidelines set out that the VAT rate on the lease payments […]

By |May 12th, 2015|

Vietnam: Contract Manufacturing And Tolling Agreements

I. VAT and Customs
In many cases, the principal in the contract manufacturing relationship owns some or all of the raw materials, work-in-process and finished goods throughout the manufacturing process. The principal and many of the suppliers are typically outside of the manufacturing jurisdiction.

1. Generally Speaking, What Are The VAT, Customs And Related Costs (e.g. Broker Fees) That Arise When A Foreign Principal Has Goods Dropped Shipped Into Your Jurisdiction To The Local Contract Manufacturer? […]

By |May 12th, 2015|