Looks like our GILTI problem may have been resolved in most cases. The Treasury has finalized a partial exemption for companies that have already paid "high" foreign taxes, and better yet it is retroactive. In other words the GILTI tax won't apply to foreign income that has already been taxed in the foreign jurisdiction at 18.9% or more. See more here.
outline.com/XGdRvF ... See MoreSee Less
Deadline for extensions for US tax returns is quickly approaching. The 15th of July is the last day to pay amounts due and to apply for an extension. If you still need help and you have not gotten around to asking now would be the time. From the 20th of July the office will be on a skeleton crew as many of us will take our "staycations". We will be back up and almost fully staffed the second week of August. We here at Cederwalls wish you a happy summer and hope you all are safe in these crazy times. ... See MoreSee Less
For those who worry about their Swedish tax returns being in on time, the Swedish Tax Authority has given firms who provide tax services extra time to turn in their clients tax returns without penalty. The last day is July 15th. We of course are aiming for June 15th but just in case....
Med anledning av coronavirusets olika effekter kan det vara svårt för redovisningsbyråer att hinna upprätta alla deklarationer i tid. Därför kommer Skatteverket, utifrån reglerna om befrielse, inte att ta ut någon förseningsavgift så länge deklarationen lämnas senast den 15 juli 2020, det vill säga inom en månad från byråanståndets sista dag. Även om deklarationen kommer in senare än så, kan det finnas skäl till befrielse om era förutsättningar att lämna deklarationen påverkats särskilt av coronavirusets effekter. ... See MoreSee Less
