New amendments to the Ordinance on income tax – higher per diems and non-taxable payments of food and accommodation costs

first_imgApart from the above, taxable receipts on the basis of compensation for the costs of regular care of children of workers are not considered to be compensation of costs for children who are of preschool age. These are compensations for the costs of regular care of children of workers paid to the account of workers on the basis of authentic documentation of preschool institutions and other legal or natural persons who care for a child of preschool age on the basis of special regulations and decisions of the competent body. Additional programs that are charged separately (eg learning foreign languages, sports programs, etc.) are not considered regular child care. Also, natural persons who perform self-employment for themselves can personally exercise the right to new non-taxable income. In conclusion, they are a novelty the cost of accommodating workers incurred during the employment relationship kod poslodavaca na temelju vjerodostojne dokumentacije – up to the amount of actual expenditure settled by non-cash means. Non-taxable receipt is recognized for the month in which the accommodation service is performed. Fees for covering the costs of catering, tourist and other services intended for the rest of workers according to the regulations of the ministry responsible for tourism up to the amount of HRK 2.500 per year are not considered taxable income. More about how to use this newspaper, the so-called “Tourist voucher” we will find out after the adoption of a special regulation by the Ministry of Tourism. Source / photo: Croatian Chamber of Crafts; Pexels As of September 1, 2019, amendments to the “Income Tax Ordinance” will enter into force.center_img The most important innovations relate to the increase in the non-taxable amount of per diem for business trips and for field work in the country. Instead of the previous 170 kuna, the new amount of non-taxable full daily allowance is 200 kuna, while half of the daily wage will amount to 85 kuna instead 100 kuna. We remind you that the full amount of non-taxable per diem is paid for business trips longer than 12 hours a day, while for business trips longer than 8 hours and shorter than 12 hours, half of the per diem is paid. It is important to note that these changes apply to the cost of food and accommodation for all workers, not just seasonal workers, as has been prescribed so far. Furthermore, and are introduced the cost of feeding the worker incurred during the employment relationship kod poslodavaca na temelju vjerodostojne dokumentacije – up to HRK 12.000 per year provided that the invoices for the food services provided are to the employer and are settled by non-cash means. Non-taxable income is recognized for the month in which the food service is performed. New possibilities for tax-free payments of food and accommodation costs are being introduced. More precisely, it is a monetary lump sum subsistence allowances workers – up to HRK 5.000 per year. last_img read more

Student diaspora urge govt to form sustainable partnership with Indonesian academics abroad

first_imgMembers of the Indonesian diaspora, particularly in academia, have called on the government to boost its engagement with academics abroad by rolling out a more sustainable strategic partnership with them and fully utilize the skills of citizens living overseas.In a webinar hosted by the Overseas Indonesian Students Association Alliance (PPI-Dunia), several Indonesian students living abroad voiced their ideas on how to optimize the role of Indonesian scholars in national development.Fajar Haqi Ismaya, the coordinator of PPI-Dunia in the United States and Europe, said there was little engagement or sustainable and holistic cooperation made by the government to engage with the diaspora, particularly students and scholars. Read also: Govt mulls issuing diaspora bonds in November“For instance, to invest in research.”In the past few years, President Joko “Jokowi” Widodo has been calling on Indonesians abroad to return home and utilize their experience to help build the nation. In his first speech since his reelection in October 2019, he repeated the call, pledging to support the diaspora through the establishment of an institution to pool the talents of diaspora members who can contribute to Indonesia’s development. However, the plan has yet to be realized.The government has said it would increase its outreach to strengthen the diaspora’s inclusion. At home, it has pledged to provide room at government agencies to ensure that diaspora affairs are included in their policies.However, Haqi and Theo were doubtful as to whether the government was able to give a platform to Indonesian human resources living abroad.Read also: Indonesian diaspora joins fight against pandemic at homeAccording to data from PPI-Dunia, around 75,500 Indonesian students are currently studying overseas, but not all of them can be absorbed by sectors at home.“The [intellectual] advantages would possibly go to countries that we are studying in,” Haqi said.He added that the concern was how the government could play its role as a regulator.“It is not like we are asking for jobs, but it’s about a cooperation blueprint, “ he said, adding that the diaspora could still give their contribution even from outside the country.Theo echoed the statement, saying that Indonesian students and scholars did not have to bring their knowledge back home.Read also: Indonesia seeks to persuade diaspora to come home“Right now, you can transfer your knowledge or just practice the knowledge either in Indonesia or abroad,” said Theo, who is pursuing his bachelor’s degree in Japan.“As part of the Indonesian diaspora, basically you can contribute from anywhere in the world. In Japan, for instance, there are many Indonesian researchers and they hold high positions,” he added.Theo added that the most realistic approach was to establish international cooperation, such as joint research.“The other solution is to engage with private sectors [at home] because they have relatively more resources.”Meanwhile, Haqi said he believed that the government could start by making a student diaspora community, for instance, or an organization such as PPI-Dunia, as a strategic partner to engage the Indonesian diaspora — especially scholars — across the world.Topics : He said he believed they could offer “brain gain” or intellectual advantage to Indonesia instead of other countries.“There’s a lot of collaboration between, for instance, PPI-Dunia and the government, but unfortunately, they are still partially conducted. There is no sustainable blueprint from the government to cooperate with PPI Dunia or the student diaspora in general to achieve Indonesia’s Vision 2045 [national development master plan],” Haqi said.Separately, Theodorus Alvin, the coordinator of PPI-Dunia in Asia and Oceania, said that to achieve Indonesia’s Vision 2045, there were many things that Indonesia should prepare to embark on its journey.Utilizing resources from Indonesian scholar communities abroad was pivotal, he said.last_img read more

Market, intergenerational risk-sharing ‘integral’ to Dutch system

first_imgThe principle of sharing market risk, such as inflation risk, and intergenerational risk must remain in any updated pensions system in the Netherlands, a number of industry experts have argued.Speaking on a panel at the recent FD Pension Pro IPE congress in Amsterdam, Peter Borgdorff, director of the €140bn healthcare scheme PFZW, said: “There is not a single insurance against market risk.”His view was echoed by Michiel Hietkamp, chair of the youth branch of union CNV and one of the driving forces behind PensioenLab, who said solidarity among generations was “very important”, adding that the debate over the average pension contribution’s redistributive effects must be held anyway.In Hietkamp’s opinion, individual pension rights should be introduced where possible, but a collective approach should be kept where necessary to guarantee a minimum pension. Kees Goudswaard, professor of economics at Leiden University, said Dutch society was facing a fundamental choice between sharing pension risks between generations, and the introduction of individual pension rights.However, he argued that the first option would limit risk sharing if financial shocks were spread out over time – as the new financial assessment framework (FTK) is likely to prescribe – while increased freedom of choice would hamper risk sharing.In Goudswaard’s opinion, future generations should not have to contribute to the rising life expectancy of current participants.He also suggested that a clearer pensions contract would help to prevent possible disputes arising from the discretionary decisions of pension funds’ boards.However, both Borgdorff and Leo Witkamp, director of the €4.4bn pension fund PNO Media, highlighted the importance of this discretionary competence, which they said enabled boards to respond to unexpected developments, and to guarantee a balance in risk sharing among all participants.Borgdorff added: “We can’t leave these decisions to the supervisor or the legislator, as the government can’t be trusted for setting consistent rules.”● Also during the congress, several representatives of the sector underlined the importance of freedom of choice for participants to pick their preferred arrangements.Joep Schouten, retired sector veteran and now a pensioner on the board of metal scheme PMT, pointed at the psychological effect, “as people want freedom of choice, without necessarily using it”.● Asset managers warned that employers that opt for a defined contribution plan with lifecycle arrangements should not let price be the decisive factor, as low costs may come at the expense of the quality of the scheme.As lifecycle plans are currently difficult to compare, the sector is developing a framework to address this problem, according to Tjitsger Hulshoff, strategic adviser at ING IM, who underlined the importance of tailor-made solutions.● Systematically assessing risk management, sticking to a long-term investment policy and buying when the markets are low is the secret of a successful company pension fund, according to Loek Sibbing, until recently director at Univest Company, the asset manager for the 80 worldwide pension funds of food and cosmetics giant Unilever.Previously, Sibbing was chairman of Unilever’s €4.6bn Dutch pension fund, one of the best performers in the Netherlands, with a funding of 106% in real terms.last_img read more

Navios Holdings Remains in Red

first_imgGreek shipping company Navios Maritime Holdings suffered a net loss of USD 37.3 million in the second quarter of this year, widened from a net loss of USD 26.4 million posted in the same period a year earlier.However, during the second quarter of this year, the company managed to cut its net loss from a loss of USD 48.7 million seen in the first quarter of 2017.Revenue for the quarter rose to USD 118.6 million from USD 105.7 million recorded in 2Q 2016. Additionally, adjusted EBITDA increased to USD 31.3 million from USD 31.1 million reported in the respective quarter of 2016.“We are delighted to report revenue and Adjusted EBITDA of USD 118.6 million and USD 31.3 million, respectively, for the second quarter of 2017. The dry bulk market continues to improve, and this improvement is being reflected in our financial performance. Compared to the second quarter of 2016, our Adjusted EBITDA from core shipping operations has increased by more than 30%. While the BDI has recovered significantly from the 2016 historical low, the BDI still must appreciate by more than 80% to reach the twenty-year average,” Angeliki Frangou, Chairman and Chief Executive Officer, commented.During the second quarter of 2017, Vale International S.A. commenced using Navios Logistics’ newly constructed iron ore terminal.In February, a New York arbitration tribunal ruled in favor of Navios regarding the dispute with Vale. The dispute was related to the termination date of a contract of affreightment. In line with the ruling, Vale has been ordered to pay Navios Logistics USD 21.5 million, compensating for all unpaid invoices, late payment of invoices, and legal fees incurred.“I am also pleased to update you on the status of the iron ore transshipment facility built by Navios Logistics. During the second quarter, Vale unloaded approximately 33 thousand metric tons of ore to create a bed for the stockpile area and transshipped about 41 thousand metric tons of iron ore, generating approximately USD 0.8 million of revenue,” Frangou said.“Vale now has a stockpile of about 160 thousand metric tons of ore, and we are expecting transshipments to continue ad hoc in the third quarter. Beginning in the fourth quarter of this year, Vale’s minimum transshipment obligation under the “take or pay” agreement commences, and as a result, we can reasonably expect revenue of about USD 10.3 million for the fourth quarter of 2017,” Frangou further said.In June, Navios Containers closed its private placement of 10,057,645 shares at a subscription price of USD 5 per share, resulting in gross proceeds of USD 50.3 million. Navios Holdings invested USD 5 million and received 9.9% of the equity of Navios Containers. It also received warrants, with a five-year term, for 1.7% of the equity.In July and June, Navios Holdings completed the sale of two Handymax vessels, the Navios Horizon and the Navios Ionian. Both the Navios Horizon and the Navios Ionian served as collateral for the company’s 7.375% First Priority Ship Mortgage Notes due in 2022 and were replaced by Navios Galileo, a 2006-built Panamax vessel.Navios Holdings controls a fleet of 64 operating vessels totaling 6.6 million dwt, of which 38 are owned and 26 are chartered-in under long-term charters.last_img read more

QPR reject bid for Osayi-Samuel

first_imgRelatedPosts Osayi-Samuel eager for Crystal Palace move Eberechi Eze pulls out of England squad Breaking: Crystal Palace land £19.5m Eberechi Eze QPR have rejected a bid from Club Brugge for Bright Osayi-Samuel.The Belgian outfit offered just over £3 million for the winger, who has been outstanding this season. The bid was promptly turned down and QPR remain in discussions with Osayi-Samuel over a new contract.Options to extend the contracts of Osayi-Samuel and Ryan Manning by a year were recently taken up – both deals were due to expire this summer.QPR is hoping to tie them to longer-term deals but expect interest this summer in the likes of Osayi-Samuel and Ebere Eze.Eze’s deal expires next year but there is an option to extend it by 12 months, meaning he is effectively under contract until 2022.Interest from other clubs in both Eze and Osayi-Samuel was fended off in the final days of the January transfer window. Tags: Club BruggeOsayi-SamuelQPRRejected Bidlast_img read more

Klopp heartbroken at Kagawa fate

first_img He added: “But for most Japanese people it means more to play for Man United than Dortmund. We cried for 20 minutes, in each others’ arms, when he left. “One year before that Nuri Sahin went because Real Madrid is the biggest club in the world. If players are patient enough we can develop the team into one of the biggest in the world.” His side’s run to the Champions League final has brought Klopp to the attention of some of the world’s biggest clubs, but for now he is happy at Dortmund. He said: “In this moment I don’t think of anything else. “If I went to many clubs now and said: ‘Hello – bring me offers’, maybe some would start running. But I’m not interested because, for me, this is the most interesting football project in the world. “In three or four years, if someone wants me, we can speak. But, for now, this is the best place for me.” The 24-year-old moved to Old Trafford from Dortmund last summer, but has been far from a first-team regular and even then has often had to play out of position. The departure of Kagawa is part of a pattern for Dortmund coach Klopp, who this season has seen Mario Gotze agree to join Bayern Munich, with Robert Lewandowski looking likely to follow. Klopp told the Guardian: “Shinji Kagawa is one of the best players in the world and he now plays 20 minutes at Manchester United – on the left wing! My heart breaks. Really, I have tears in my eyes. Central midfield is Shinji’s best role. He’s an offensive midfielder with one of the best noses for goal I ever saw.” Press Associationcenter_img Borussia Dortmund boss Jurgen Klopp says his “heart breaks” to see Shinji Kagawa playing a bit-part role at Manchester United.last_img read more

Gunners fire title warning with win over Villa

first_img Leandro Bacuna ballooned over after Petr Cech flapped at a cross but Arsenal were comfortable and toyed with their hosts. It was a training game for the Gunners as they passed in front of Villa and waited for their time to strike again, which came in the 38th minute. Ramsey’s strong challenge on Idrissa Gana set the visitors up on the counter attack and Walcott fed Mesut Ozil to dummy and race clean through. He then squared to Wales star Ramsey, who had made up the ground, to tap past the helpless Guzan. It was simple but clinical from the Gunners and left Villa floundering but the hosts at least started the second half with renewed vigour. Cech claimed Carlos Sanchez’s 30-yard strike and Jordan Veretout shot over before Gestede glanced a header wide. Scott Sinclair then wasted a golden chance on 57 minutes when he planted an unmarked header over from six yards. Arsenal had eased off from their first half dominance to give Villa hope and Gana drilled inches over with 19 minutes left. Jack Grealish – back in the squad after being dropped for two games when he was pictured partying following last month’s 4-0 defeat at Everton – replaced Gana but Arsenal almost added a third on 82 minutes. Villa allowed Ozil too much time on the right and when Ramsey held up his cross Oxlade-Chamberlain, on for Walcott, saw his effort saved by Guzan before the keeper claimed Hector Bellerin’s injury-time header. It was the Gunners’ only serious threat of the half but the damage had been done early with Arsenal left to ponder their title challenge and Villa left to fret over their top flight future. TWEET OF THE MATCH “Two great results this week! Thanks to all the travelling fans. #COYG” Arsenal defender Hector Bellerin’s view after he played in the 2-0 win over Aston Villa. PLAYER RATINGS Aston Villa: Brad Guzan: 5 Alan Hutton: 5 Joleon Lescott: 5 Jores Okore: 5 Leandro Bacuna: 5 Idrissa Gana: 5 Carlos Sanchez: 5 Jordan Veretout: 5 Scott Sinclair: 5 Jordan Ayew: 5 Rudy Gestede: 5 Subs: Carles Gil: 5 Jack Grealish: 5 Adama Traore: 5 Arsenal: Petr Cech: 6 Hector Bellerin: 7 Per Mertesacker: 7 Laurent Koscielny: 7 Nacho Monreal: 7 Mathieu Flamini: 7 Aaron Ramsey: 8 Theo Walcott: 8 Mesut Ozil: 8 Joel Campbell: 7 Olivier Giroud: 8 Subs: Kieran Gibbs: 6 Alex Oxlade-Chamberlain: 6 Callum Chambers: 6 Star man: Aaron Ramsey Fresh from being drawn against England at Euro 2016 the Wales midfielder demonstrated his quality at Villa Park. His tackle deep in his own half set up Arsenal’s second – which he scored – to seal the points against Villa and send Arsenal top. Ramsey will have more testing afternoons but he was combative and skilful in the heart of the Gunners’ midfield, adding a goal to an all-action performance. MOMENT OF THE MATCH: Aaron Ramsey started and finished the move which gave the Gunners breathing space just before the break. The midfielder’s strong tackle on Idrissa Gana had Villa complaining but they were then carved apart as Olivier Giroud, Theo Walcott and then Mesut Ozil dismantled the hosts. Ozil’s dummy as he ran onto Walcott’s pass sold the Villa defence and he was unselfish enough to pass for Ramsey to tap in. MOAN OF THE MATCH: Villa were incensed with the award of Arsenal’s early penalty which referee Kevin Friend took his time to award. Alan Hutton was guilty of giving the referee a decision to make after he tangled with Theo Walcott in the area. At first glance it looked a clear cut call for Friend but replays suggested Villa can rightfully feel aggrieved about the decision which put them on the back foot inside the first 10 minutes. VIEW FROM THE BENCH: Arsenal motored to the top of the Barclays Premier League and their perfect first half display would have pleased Arsene Wenger, although he would have been less satisfied with how they took their foot off the gas after the break. Wenger admitted pre-game it was a risk for his former midfielder Remi Garde to take the Villa job in November and Garde is now staring down the barrel of the Championship – even in December. Villa will be bottom at Christmas and while Garde would have been pleased with their effort, he needs to be a magician to keep them up. WHO’S UP NEXT Newcastle v Aston Villa (Barclays Premier League, Saturday 19 December) Arsenal v Manchester City (Barclays Premier League, Monday 21 December) Olivier Giroud’s penalty and Aaron Ramsey’s tap in moved them to the summit, a point ahead of Manchester City and Leicester, following a 2-0 win. The Foxes could regain top spot if they beat Chelsea on Monday but with Manchester United losing at Bournemouth and City struggling to find a rhythm the Gunners have the title advantage. In contrast, defeat left hosts Villa marooned eight points from safety at the bottom of the table with manager Remi Garde, who won the title with Arsenal in 1998, facing an impossible job. They will be bottom at Christmas and face a must-win game at fellow strugglers Newcastle on Saturday having not won in a club record 15 league games. Villa, one of just seven ever-present teams in the Premier League, look all but down even with half the season remaining. They had not beaten Arsenal at home for exactly 17 years, when they came from 2-0 down to win 3-2 on December 13, 1998. That 16-match run, which included Arsenal’s 3-0 win last year, rarely looked in doubt once the Gunners grabbed an eighth minute lead. The returning Theo Walcott, in for Alex Oxlade-Chamberlain, outpaced Alan Hutton on the right and tangled with the Scotland international in the area. It took an age for referee Kevin Friend to point to the spot but when he did Giroud sent Brad Guzan the wrong way for his 50th league goal for Arsenal. Villa’s enthusiastic approach counted for nothing and Rudy Gestede nodded off his own line after Giroud’s header caught Guzan in no man’s land. Arsenal sent out a title warning as they moved top of the Barclays Premier League after clinically dispatching a sinking Aston Villa. Press Associationlast_img read more

Ambode Approves Staging of Five Sports Championships

first_imgIn a bid to increase activities in Lagos sporting arena, Governor Akinwunmi Ambode has approved the staging of five School championships to be organised between now and end of the year.The organisation of these tournaments is part of the administration of Governor Ambode to develop Sports at the Grass roots especially in the Schools where these budding athletes abound.This was revealed by Mr. Deji Tinubu, Special Adviser to the Governor on Sports, who stated that Ambode is so passionate about giving young athletes the chance to exhibit their God-given talents, as it is when they are discovered and groomed at their tender ages that they would become stars of tomorrow. “His Excellency, Governor Akinwunmi Ambode has graciously approved the staging of five School Sports Championships. I can tell you that the first in the series will come up in the next two weeks.“We will be having Championships in Swimming, Table Tennis, Cricket, Scrabble and a Gymnastics initiative Programme designed to open up the Sporting Facilities in Lagos to the public.“We want to bring sports development to the schools as it is within this school environment that genuine and proper grassroots sports development can take its roots,” Tinubu said.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Timely run propels No. 3 Syracuse to 19-15 win over No. 8 Duke

first_imgFor the first 34 minutes of the game, neither Syracuse nor Duke could build on its momentum. When the Blue Devils jumped out to a quick 3-1 lead just 7:27 into the game, the Orange responded with three goals of its own.When Syracuse built an 8-5 advantage with five minutes to play in the first half, it took Duke less than four minutes to cut that lead to one.Each run was met with another, and neither team could find a way to cushion the lead.“You get in a rut sometimes,” SU attack Alyssa Murray said. “Teams take runs, that’s how lacrosse is, but we just try and get bigger runs and more frequent runs.”It was a Murray feed to Kailah Kempney with 26 minutes to play that sparked a massive run for No. 3 Syracuse (10-1, 3-1 Atlantic Coast), as it was finally able to dust the No. 8 Blue Devils (7-4, 2-2), 19-15 in front of 997 fans at the Carrier Dome on Saturday.AdvertisementThis is placeholder textAfter Duke quickly cut the lead to 10-8 following halftime, Syracuse methodically delivered blow after blow to Duke with an 8-1 run that spanned 18:06 of game action.“We got a real big run at the draw there in the second half of the first half and gave us some possessions and we put our opportunities away,” SU head coach Gary Gait said. “I thought their defense tried some shutoffs and I thought we stayed poised.”In the first half, Syracuse had several chances to pad the lead, but couldn’t.Kayla Treanor juked a defender, and found an open Taylor Poplawski. Her goal put the Orange ahead 4-3. After a slow start, Syracuse had appeared to turn the corner.“They were face-guarding me so I just got the ball and I tried to take my defender one v. one,” Treanor said. “Taylor was wide open and Taylor made a great play finishing it.“It’s always good when you get the lead.”But the lead didn’t last long. Two minutes and a Duke free-position shot later, the score was tied again — this time at four.It wasn’t until the second half that Syracuse’s lead would become insurmountable.“I thought our team played very well, executed and built a substantial lead,” Gait said. “And it allowed us an opportunity to get some of our other players in there.”Seven different players scored during the late run, but it was Murray who served as the spark. She assisted on three of the goals and scored on two more.Before her first goal, she ran around the defense to the right of the cage, before cutting in front of the net and firing in a shot.It put the Orange up 17-9, and was the 30oth point of her Syracuse career. Just a minute later she scored again and Syracuse had doubled up Duke.“She’s done it since she showed up on campus,” Gait said. “I think that’s what I appreciate the most is the work ethic, the killer instinct, the wanting to win every practice, every game.”After the game, Murray sat at the press table, proudly sporting her “Beat Duke” T-shirt. She had first started wearing it for Tuesday’s practice, the first of the week.Now that the goal had actually been accomplished there was no longer any motivation to win, just pride that it had happened.For more than the first half of the game, there was certainly reason to question whether Syracuse could make it happen.The second half only provided answers.“What we talked about after the game is that every game is an opportunity to learn and improve,” Gait said. “And that’s kind of the way we look at it. Whether you win or lose, you’re playing against the best, so you’re going to learn something about yourselves.” Comments Published on March 29, 2014 at 7:35 pm Contact Sam: | @SamBlum3 Facebook Twitter Google+last_img read more