Businesses are going global; it is mandatory for countries to continually explore ways to attract investments to accelerate economic growth that is both sustainable and equitable in an environment. Multinational companies are constantly seeking greater efficiency, effective supply chains and cost reduction. Therefore, the burden falls on the federal government to implement a tax incentive policy that acts as a tool of state intervention to promote the development competitiveness.
The 2024 Budget offers enhanced tax incentives to promote investment in crucial industries like aerospace, shipbuilding, electric cars, and electrical and electronics. In tandem with the government’s aim in enhancing the country’s competitiveness, they made significant effort in extending the tax incentives for angel investors to attract more angel investors to provide capital funding for technology start-up companies.
This brings positive outcomes to common conditions:
Nevertheless, taxpayers' concerns regarding the recent updates to the tax policy have been noted. Therefore, leading researchers and analysts will be present at this conference to discuss on the recent issues and controversies, procedures, and mechanisms relevant to tax disputes, and mechanisms for resolution.
Being a step ahead in the game, grasp the strategic role of taxation in long term economic growth and take best steps in implementing a new and innovative tax regime to your businesses/ accounts. Find out more insightful market trends with us at the upcoming Tax Summit that organized by YYC.