Canadian payroll usually includes employer information, employee information, pay period, gross income before tax, various deductions, income tax, and net pay. The following will introduce the composition of Canada payroll, payment frequency, deductions, income tax, and Statement of Remuneration Paid (T-4).

Under the new amendment, all Seychelles companies are now required to keep reliable accounting records at their registered office in Seychelles that are sufficient to show and explain their transactions, enable the financial position of the Companies to be determined with reasonable accuracy at any time and allow for financial statements of Companies to be prepared.

Australian residents for tax purpose ( hereinafter referred to as Australia tax resident) who satisfy the residency test stipulated by the Australian tax law, have to declare all worldwide income earned both in Australia and internationally in Australian tax return and pay the tax to the Australian Taxation Office (ATO).

No stamp duty will be payable by a person who accepts a property in exchange or in part exchange for a new house or apartment under a “trade in scheme”. Under this arrangement stamp duty will only become payable when that person subsequently sells the house that was swapped. This relief will not apply to commercial property.

Macau is one of the free trade ports with the lowest tax liability in the Asian region. The main characteristics of the Macau tax system is that it only has a limited number of taxes, lower tax rates and the adoption of the territorial principal of taxation. The Macau Government imposes mainly direct taxes, such as Industrial Tax, Professional Tax, Complementary Tax, Stamp Duty and Property Tax.

Carrying out commercial or industrial activities in Macau comes with certain tax obligations. The major obligations affecting all businesses in Macau are the industrial tax and profits tax. However, in recent years, industrial taxes have been exempted by the Macau Government and the profits tax threshold has also been increased in 2018. As such, Macau is one the region with the lowest corporate tax liability in Asia.

The major types of taxes levied in Myanmar include corporate income tax, withholding tax, commercial tax, personal income tax etc. The following is a brief introduction to the said taxes. Corporate Income Tax, Companies registered under the laws and regulations of Myanmar are treated as resident companies and subject to corporate income tax on their worldwide income.Commercial Tax, Commercial tax is similar to value added tax