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Business Tax Strategies

Navigating Complex Transfer Pricing Challenges with Global Expertise

In today’s interconnected business landscape, managing transfer pricing across borders has become increasingly complex. Companies that operate internationally face mounting regulatory and tax challenges, making transfer pricing compliance a critical concern for mid-sized and large businesses. Ensuring adherence to local tax regulations while maintaining competitive agility is essential for sustainable business growth. Comprehensive Transfer Pricing...

The FASTER Directive: Simplifying Withholding Tax in the European Union

The European Union’s FASTER Directive, officially published on January 10, 2025, marks a groundbreaking step in simplifying and expediting the repayment of excess withholding tax (WHT) levied by some Member States on dividends paid to non-resident equity holders. By addressing long-standing challenges in cross-border tax matters, this legislation holds transformative potential for businesses and investors...

Understanding Deferred Tax: Bridging Temporary Differences in Financial Reporting

Deferred tax is often viewed as a complex and esoteric concept, misunderstood by many professionals and businesses alike. Contrary to popular belief, deferred tax is not an actual tax payment but an accrual for tax. It functions similarly to other accruals or provisions by aligning the tax effect of transactions with the period in which...

Trinidad and Tobago Strengthens Global Tax Transparency with Exchange Agreement Across 148 Jurisdictions

Trinidad and Tobago (T&T) is making significant strides toward enhanced tax transparency and accountability. As part of its commitment to global financial integrity, the nation is actively exchanging tax information with 148 jurisdictions worldwide. This milestone was highlighted by the Minister of Finance, Colm Imbert, during his video address at the 17th Global Forum Plenary...

Navigating the 2024 Tax Filing Season with Dawgen Global’s Expertise

Tax season is often met with dread, especially for self-employed individuals who need to stay on top of quarterly tax payments and ensure all their financials are accurately reported. As the 2024 tax filing season approaches, beginning in January 2025, many will face the familiar challenge of calculating what they owe and making sure all...

Navigating the Tax Implications of IFRS 17 in Jamaica

The adoption of International Financial Reporting Standard 17 (IFRS 17) in Jamaica marks a significant transformation in the financial reporting and taxation landscape for insurance companies. Effective January 1, 2023, IFRS 17 replaces IFRS 4, introducing new principles for the recognition, measurement, presentation, and disclosure of insurance contracts. This shift is not merely an accounting...

Understanding Jamaica’s Capital Allowance Regime

The Capital Allowance Regime in Jamaica plays a pivotal role in the nation’s income tax framework, allowing businesses to recover costs incurred from investments in specified assets. This regime underwent significant reform with the implementation of the Fiscal Incentives (Miscellaneous Provisions) Act, effective January 1, 2014, which amended the First Schedule of the Income Tax...

In 2023, the Organisation for Economic Co-operation and Development (OECD) reported a stable average tax-to-GDP ratio of 33.9% among its member countries. This level represents a slight decrease of 0.1 percentage points compared to 2021 and 2022 but remains above the pre-pandemic average of 33.4% observed in 2019. The data reveals a delicate balance as...

Tax Advisory: Maximizing Tax Efficiency and Compliance in Jamaica

In today’s complex economic environment, businesses are constantly seeking ways to maximize profitability while minimizing costs. One of the most significant areas where companies can enhance their financial efficiency is through effective tax planning. In Jamaica, with its intricate tax regulations and evolving compliance requirements, businesses must navigate a variety of challenges to ensure they...

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Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services

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https://dawgen.global/wp-content/uploads/2023/07/Foo-WLogo.png

Dawgen Global is an integrated multidisciplinary professional service firm in the Caribbean Region. We are integrated as one Regional firm and provide several professional services including: audit,accounting ,tax,IT,Risk, HR,Performance, M&A,corporate recovery and other advisory services

Where to find us?
https://dawgen.global/wp-content/uploads/2019/04/img-footer-map.png
Dawgen Social links
Taking seamless key performance indicators offline to maximise the long tail.

© 2023 Copyright Dawgen Global. All rights reserved.

© 2024 Copyright Dawgen Global. All rights reserved.