Fao Sindia

There are a number of factors which go to make a successful business opportunity. Spotting of the right opportunity at the right time is one of the first few factors which can determine the lead that you can gain over the others. Some of the enterprising people would like to do business at local level, some others at the national level and some more enterprising ones would not hesitate to venture into the complexities and risks of the international business.

The global business opportunity could be of different types. It could be the business for sale or even the franchise business opportunity. These different types of opportunities can be known through different mediums and sources. Some of these are:
1. Embassies: Normally, the embassies of the countries receive the trade and business queries from their own businesses and you can find what these opportunities are. It is generally perceived to be one of the most authentic and secure method of meeting the serious business exchanges.
2. Chambers of commerce or other joint trading groups: By registering yourself in the trade bodies as members, you increase your chances of getting better business opportunity. A business for sale, or a query for joint venture or a proposal for franchise can all be found with ease in these forums.
3. Newspapers: Sometimes the classifieds sections of the newspapers do carry these opportunities.
4. Online sources: This is another good medium to spot chances. Even the embassies and the trading bodies websites list the same. You also come to know the visiting delegations. For more general searches, you can take the help of the reputed sites meant for classifieds.
5. Participation in or visiting the trade shows: This is another way to find what all is being offered. Your imagination for the latent need of the domestic market might kick-up an idea for the franchise opportunity. If you have some quality and unique products to offer, then these can be showcased to get more business.
6. Take the help of consultants: If you are quite clear for the sector or industry in which you are looking to have an international business opportunity, you can take the help of the international consultants as well as the domestic ones. They shall be able to guide on the most authentic chance.

While spotting for the global business opportunity, you need to very sure that the product or the service will have the demand in the market where you are planning to introduce it. You will also have to consider the shareholders interests and the government policies in both your country and in the other country if you are planning a take over bid for a business for sale offer. The resources needed for the same and the expected support from the lending institutions is also to be factored in. The role of international consultants therefore assumes a lot of significance. They are not only able to get you real opportunities but can also help you with alliances.

Insurance is the act of risk management that is taking precautions to evade against the risk of a liable, uncertain loss. It is defined as the even-handed allocation of the risk of a loss from one individual to another, in exchange of imbursement. Insurance policies are sold by insurance companies. The rate of the insurance is the deciding factor for the premium amount which is the payment to be made for the insurance coverage. Banks and insurance companies come out with various schemes time and again to attract people to insurance schemes. Insurance schemes include life insurance, wellbeing insurance, foreign travel insurance, household insurance, car insurance and two-wheeler insurance. Depending on the amount one wants to insure, an insurance coverage is charged calculated as a certain percentage of the principal insurance amount and this coverage is paid by the policy holder over a period of time.

After the insurance coverage is paid for the determined time the policy lies stagnant for a certain time and then the insurance can be claimed. In case the event for which the entity being insured takes place before the stagnant period is complete, the policy holder is reimbursed the insurance amount in whole.

Non Resident Indians also enjoy insurance schemes at par with their other fellow Indians. Indian citizens’ who go on temporary or long term visits abroad can safeguard their property, assets and life through insurance schemes. This is possible through the purchase of tailored insurance products which are offered by a multitude of insurance companies and banks. NRI’s are also allowed to take up loans against their policies too. They can tailor their insurance portfolios without any upper limit on the sum to be insured. However this is not the case with the POI citizens. In case of a Person of Indian Origin he or she can only be covered up to a maximum limit of twenty lakhs only. They cannot apply for joint profiles too. NRI’s however can opt for joint life plans which have the team insurance element.

The foreign exchange regulations have certain policies and rules with respect to the life insurance schemes for NRI’s. Since the policy papers are considered as securities these documents cannot be taken out of the country without the consent of the Reserve Bank of India. for NRI’s the premium payment can be made online and it is the preferred mode of payment. It is also possible to remit the premium amount through FCNR or NRE accounts through approved banking channels, money orders etc. if NRI’s have people in India they can also make the payment on the NRI’s behalf. For NRI’s the insurance claims are made in foreign currency as an exception. But to avail this benefit the policy holder must be an overseas resident and should have paid all the premium dues in foreign currency.

 

The world is turning from being conventional to contemporary. People are becoming techno-savvy and with everything available just with a click of a mouse, people have become extremely addicted to the ‘world wide web lifestyle’. Every person wants everything as quick as possible and with this thought in mind, the online news came into existence.

Today the concept of online news has striven to become a big hit among internet users who find a number of advantages and benefits of online news on contrary to television, newspaper or radio news. A business would not carry a newspaper, television or radio everywhere, but would be accessible to internet for sure. It is this easy accessibility of internet that proves to be the first and foremost benefit of online news.

People are informed about the breaking news every minute through online news, and donot think that online news are not as rapid and swift as a television, newspaper or radio! Breaking news comes as swiftly on the internet as on other sources.

Online news provides much more interactive tools to its users. Features such as online voting, polling, suggestions and solutions, tweeting, bookmarking or sharing with friends on social networking are seen as great benefits of online news.

Online news have also come up with the features like ‘mobile subscription’, which enables the users to get hold of any information or news around the world through text messages from online news websites. By subscribing to the newsletters, users can also get important news around the week, through an e-mail, which saves time. Another benefit of online news is that it is a reflection of fast moving technological world.

With the help of online news, users can stay connected to every-minute update about their country, region, and world and on any topic of ‘their choice’.

Online news allows you the freedom of choice of the kind of news. It allows you variety, quality and information all- in- one. Online news have gone ahead to become so popular that infact, many news channels and newspapers have their online news website too. The Washington Post, The Wallstreet Journal, The Times of India, The Hindustan Times, The New York Times, and BBC news- is all among the source of online news.

Among the online news, there is no rat race of high TRP’s. It focuses more on providing quality to its users, which is also a reason of its growing influence. In sort, online news provides easy accessibility, quality and more information to its users.

 

 

 

Every business can be flourishing by subsequent a few important steps in the accounting side of their trading. Owners of unbeneficial businesses can either follow these steps or live with the penalty. Now I don’t think that a sensible businessman will be ready to afford lose in his business. Bookkeeping is considered to be the activity keeping daily record of the financial dealings includes sales, purchases, income, and payments of a person, business, or organization. The description makes bookkeeping sound very simple – but it truly is work for an expert. The bookkeeper in Charlotte has to be very careful about the client satisfaction.

The maintenance of good monetary records is an essential factor for any successful business. On the other hand not having perfect records can lead to a number of unpleasant cost including overpayment or underpayment of taxes, being audited, paying late fees or even to the worst legal penalties.

Hence to keeping a clean document pursues can help to avoid these situations.

As a specialized Charlotte bookkeeper, NC Bookkeeping Services Charlotte, LLC is suggesting the best possible accounting solution for small and mid-sized business to fulfill the demand of bookkeeping to have the proper accounting records. It is a round the clock service to give you the top class and error free record of your accounts. There are some benefits of having such an accounting firm to take care of your business’s account for get the relief about the all tensions of accounting problems.

Bookkeeping of accounting is a system through which you can get everyday’s fresh and latest updates of the selling, particulars of every bill and a thorough detail of everyday’s loss and profit.

This daily review may seem troublesome in the beginning, but it is the vital piece in altering the success of your business. So it should be done under the supervision of experts of that zone.

Being a qualified accounting firm BKSC has all these characteristics and for that never fails to give their clients the best support to get a sound bookkeeping solution. Using of the modern software in accounting zone place them easily at the top of the Charlotte accountant firms.

It is that part of your trade that you don’t want to leave to any unknown or inexperienced hand. And you are always in hunt of some expert and proficient team in that region. Maintaining accounts through Charlotte bookkeeper is a real good and effective bounce for your business. Being a Charlotte bookkeeping firm BKSC is ready to provide their clients that expert assistance. Their group of expert accountant will give 24×7 online supports to give their client the well-organized record of their day to day business and dealings.

Therefore from now at whatever time you need to have any financial credit related solution for your business or look for any efficient bookkeeper in Charlotte, just click at www.bookkeepingservicesclt.com and avail the perfect help.

 

If you are a tourist, you need to keep abreast with the latest news updates in the international and local scene. Just because you are on a vacation in a relaxing Hotels Malta room, it doesn’t mean that you have to tune out with the rest of the world.

Reading the about the news or watching it on television sometimes gives you a sense of doom and despair because of all the bad things happening in the world. You get to know what is actually happening in the world you are living in and what events are about to take place. Newspapers announce ahead of time if there are planned electricity shut downs or parades in a particular street. Aside from getting information about political events, crime, business, arts, sports, it helps you pass the time away. Newspapers contain editorials and cartoons.

If you are really bored, try comparing your local newspapers to those of Maltese newspapers.

First Make use of the resources that are already found within the Malta hotels.

The Hotels Malta that you may be staying in have televisions that allow you to watch news networks like CNN and BBC as these are widely watched in the whole world. This will help you keep up with the international scene. However, there are local news channels that show viewers important happenings in the local scene. You can tune in the television set in Hotels Malta to local news broadcast PBS and Super One. If your Hotels Malta room has a radio, try tuning in to RTK. But keep in mind that the radio broadcaster might speak in Maltese than in English. If that is the case, try getting copies of newspapers.

Second: If you are staying hotels in Malta, the hotel will have a supply of international newspapers and local newspapers. Local news papers include L Orizzont, Times, Kull Hadd, Business Today, Malta Today, It Torca, Malta Business Weekly, and Malta Independent. It is highly questionable if Hotels Malta will have a supply of all of these newspapers. If you want to get a particular newspaper, yet the Hotels Malta does not have a copy or just ran out of it, buy the newspaper outside of the Hotels Malta in newspaper stands, book shops, supermarkets etc.

Third Television, radio and newspapers have been discussed, there are internet sites that offer news about Malta. You can access the latest news by logging your laptop into the internet in the comforts of your Hotels Malta room. Internet sites that provide vital news include Di Ve, Malta Right Now, Malta Star, Maltamedia, EIN News, Index Mundi, Inside Europe, News Now, One World and Topic. These are reliable internet new sites. It’s important to read newspapers or watch the news even if you are on vacation.

If you cannot make use of the available resources in Hotels Malta to get the latest news, you can go to local shops that sell news papers. To know more about the places where you can buy newspapers, ask the Hotels Malta front desk agents.

Personal Income Tax Thailand:Gains from sale of shares not listed on the stock exchange
“Tax law interpretation is not as simple as this and it is wrong to interpret Section 40(4)(g) of the  Revenue Code in this way.”

In 1991, two important amendments were made to the Revenue Code in relation to the imposition of personal income tax on a sale of shares in Thailand.
Section 40 of the Thai Revenue Code was amended by the addition of sub-paragraph (4)(g) to Section 40, prescribing that the following shall be income that is subject to income tax in Thailand:

“Benefits derived from transfers of shares, partnership holdings, debentures, bonds, bills or debt instruments that are issued by a company or a juristic partnership or by any other juristic person, which exceeds the costs of the investment.”

Clause 2(23) was also added to Ministerial Regulation (No 126) prescribing that the following shall not be assessable income in Thailand:
“Benefits derived from sales of securities listed on the Stock Exchange of Thailand, not including debentures or bonds.”

It is pretty clear from the addition of these two amendments as to what the Revenue Code subjects to tax and what it doesn’t.

But if you ask an advisor in Thailand how a gain on sale of shares is determined for the purposes of Section 40(4)(g), it’s just about a certain bet that you’ll receive back the answer (even in the form of a written opinion) that the amount of the gain under Section 40(4)(g) is the difference between the sales price and the purchase cost of the shares only.

And if you ask the advisor if you can make allowance for any additional costs that you might have incurred besides the purchase cost of the shares, it is almost a certainty again that you’ll receive back the answer that no costs are allowed.

The determination of the gain or income under Section 40(4)(g) on the basis that the words “benefits derived” mean just the sales price of the shares and the words “the costs of the investment” mean just the purchase cost of the shares, is a simplistic interpretation of these words.
But tax law interpretation is not as simple as this and it is wrong to interpret Section 40(4)(g) of the Revenue Code in this way.

Unfortunately, in the 20 years the gain on sale of unlisted shares law was enacted, the officials at the Revenue Department have never issued any rule, regulation or notification, nor any tax ruling dealing with the meaning of the words.

The lack of “official” interpretation by the Revenue Department has contributed to advisors’ use of a simplistic interpretation for Section 40(4)(g), but for international tax advisors who have been brought up in the capital gains world, who have studied the concepts and the principles of what  capital gains are, and for whom a determination of a capital gain is almost second nature, Section 40(4)(g) is really quite clear in its application.

The “benefit derived” from a sale of shares is the amount a seller realizes from a sale, so that if, for example, a seller effected a sale of shares through a broker for which the seller is liable to pay a broker’s fee out of the sales proceeds, then the amount of “benefit derived” is what the seller realizes  or has left over after the broker’s fee.
Secondly, Section 40(4)(g) does not state that the gain is the benefit derived, which exceeds the purchase cost of the shares, but instead, it states that the gain is the benefit derived, which exceeds “the costs of the investment”.

The costs of an investment are more than just the cost of purchase of the shares.

In addition to the cost of purchase there are other costs of an investment such as costs of establishing and maintaining ownership of shares.

So that where, for example, a share owner incurs government fees or duty tax costs or other capital-type costs, including even lawyer fees, to establish or maintain his or her ownership of shares, those costs too form part of “the costs of the investment”.
Both the UN and the OECD International Tax Committees describe the tax principle of capital gains on sale of shares as being the following:
Whilst the taxation of capital gains must be left to the applicable domestic laws, the tax principle for the calculation of capital gains is deducting costs from proceeds derived, and to arrive at costs, all costs incidental to establishing and maintaining ownership are added to costs of purchase of the shares.

The personal income tax payable on gains on sales of shares under Section 40(4)(g) of the Revenue Code is a high 37%, and it can be quite an injustice for you if you are required to pay more tax on a sale of un-listed shares than you have to pay.
For those who are going to earn a capital gain on a sale of unlisted shares under the provisions of Section 40(4)(g) of the Thai Revenue Code, Advantage would advise you to get the right professional advice and ensure that your gains are calculated and determined in a right and proper way.

Value Added Tax:Easing of the 0% VAT rule for export services
The Notification of the Director-General on VAT (No 105) prescribes the rules and conditions when a service performed by a registrant in Thailand for a recipient in a foreign country shall be entitled to the 0% VAT rate (i.e. the export VAT rate).
Clause 2(1) of the Notification on VAT (No 105), as amended by the Revenue Dept in 2002 permitted a service that’s performed in Thailand for a recipient in a foreign country to be entitled to the 0% VAT rate, when the entire output of the service was used in a foreign country .

There were many challenges by Revenue Department audit officers over this matter, and it became widely known that even if only a very small part of a service that’s performed in Thailand for a recipient in a foreign country was in fact used by the recipient in Thailand (for example, in the case where the recipient of the service had a meeting in Thailand or where a filing of a document was made for the recipient in Thailand) this caused the service fee to be disqualified from entitlement to the 0%  VAT rate.

The Revenue Department has now further amended the rules and conditions under Notification on VAT (No 105) and effective 29 March 2011, a service that’s performed in Thailand for a recipient in a foreign country shall be entitled to the 0% VAT rate, for that part of the service used in a foreign country .

You should note that this new amendment does not apply retrospectively and applies for services performed for a recipient in a foreign country from 29 March 2011.