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International Tax

Cross-border tax compliance, foreign income reporting, and US international tax obligations for individuals and corporations

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10 min read

Closing a Business in the Philippines Under RMC No. 47-2026: The 3-Day BIR Tax Clearance Guide

Under BIR Revenue Memorandum Circular No. 47-2026, issued May 19, 2026, Philippine micro taxpayers with gross sales of 3 million pesos or less can close their registration without a mandatory audit and receive a tax clearance within three working days, and non-filing penalties stop accruing once a complete BIR Form 1905 packet is submitted. This guide lists the exact documents, the manual and electronic filing channels, the five-step closure sequence, and the mistakes that still delay an exit.

Mike Thrift

business-closuretax-compliancesmall-business
8 min read

Sweden's SEK 120,000 VAT Threshold: How to Legally Stay Outside the Moms System

Sweden exempts businesses with annual taxable turnover at or below SEK 120,000 from VAT registration, but since January 2025 the exemption also requires EU-wide turnover under €100,000. This guide explains the two-part test, why non-EU companies get no threshold, the SEK 90,000 intra-Community acquisitions rule, when voluntary registration pays off, and how to keep turnover evidence audit-ready.

Mike Thrift

vattax-complianceinternational-tax
10 min read

Thailand's 200% E-Tax Deduction: What Qualifies and What It Saves Through 2027

Thailand's Cabinet extended two digital-tax incentives through 31 December 2027 — a 200% deduction on e-Tax Invoice, e-Receipt and e-Withholding Tax spending, worth 40,000 baht of tax on 100,000 baht spent at the 20% corporate rate, and a flat 1% withholding rate on payments routed electronically, down from 2–5%. Here is what qualifies, what to segregate in your books, and why the implementing Royal Decree still needs checking before you claim.

Mike Thrift

international-taxtax-deductionstax-compliance
8 min read

Switzerland Now Lets Small Businesses File VAT Once a Year: Should You Switch?

Since January 2025, Swiss businesses with taxable turnover up to CHF 5,005,000 and three clean filing periods can elect one annual VAT return through the SFTA ePortal instead of quarterly returns, but still pay advance installments on May 30, August 30 and November 30. Here is who qualifies, why the end-of-February election deadline matters, when quarterly filing is the better cash-flow choice, and the monthly bookkeeping habits that make annual filing safe.

Mike Thrift

vattax-compliancesmall-business
9 min read

Brazil's Dual-VAT Reform Is Quietly Pushing Small Businesses Out of Simples Nacional: A B2B Seller's Guide to the New IBS/CBS Credit Chain

Brazil's IBS/CBS dual VAT replaces five consumption taxes, and a Simples Nacional supplier now passes on a smaller input credit than a regular-regime competitor quoting the same price. A guide to the September 30 and November 1, 2026 deadlines, the 2027 end of cash-basis Simples, and what the credit chain changes in B2B pricing and bookkeeping.

Mike Thrift

vatinternational-taxtax-compliance
9 min read

New Zealand's Contractor Withholding Exemption Jumps to $75,000: A US Freelancer's Guide to NRCT

From 1 April 2027 New Zealand raises its Non-Resident Contractors Tax exemption from $15,000 to $75,000 per 12-month period and tests it per payer rather than in aggregate. Here is how the 15% withholding works today, how the US–NZ treaty stops it at the source, and why 15.3% self-employment tax still applies with no totalization agreement in place.

Mike Thrift

freelanceinternational-taxwithholding
12 min read

Brazil Just Got a 50% Tariff: What Small Importers of Coffee, Beef, and Steel Need to Know About Product Exclusions

A July 30 IEEPA order adds 40% to Brazilian goods on top of the 10% reciprocal tariff for a total 50% above MFN from August 6. Orange juice, Brazil nuts, and pig iron are excluded via Annex I, while steel and aluminum are excluded from the Brazil addition because Section 232 already applies — coffee and beef are not excluded. Here's the entry-date, FTZ, and bookkeeping checklist for small importers.

Mike Thrift

tariffsinventorycustoms
16 min read

Provisional Tax in South Africa: The Freelancer's Complete Guide to IRP6 Deadlines, Estimates, and Avoiding SARS Penalties

South African freelancers pay provisional tax in two IRP6 installments — 31 August and 28/29 February — by estimating full-year taxable income themselves; missing a deadline or estimating below 90% of actual income triggers a 10% late-payment penalty, a 20% underestimation penalty, and interest from the effective date.

Mike Thrift

taxtax-compliancefreelance
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