Worldwide taxation vs territorial taxation

In matters of international corporate taxation, understanding not only tax rates but also the principles of taxation is crucial. Depending on the taxation principle enforced in a particular country, income is subject to taxation differently. Worldwide jurisdictions can be divided into the following groups based on their taxation types: Jurisdictions, in which the income of [...]

What is a TFN in Australia

Understanding what identification numbers are in use in Australia is crucial for those planning to conduct business in the country. TFN is one of the most vital numbers, and it's essential to have a clear picture of its significance. In this article, we aim to explore what is a TFN, who needs to obtain [...]

What is an ABN in Australia and how to get it

Any business owner planning to register a company in Australia, or anyone who has received written requests from Australian authorities, much likely have wondered: "What is an ABN, and why is it important?" This article not only explains what ABN stands for and why it is essential, but also delves into who issues it, [...]

Company registration in Australia

Australia is widely recognized as one of the best countries in terms of living standards, with its economy consistently delivering impressive results for the past 28 years. The increasing attractiveness of the country as a place to start a company is mainly due to the promising chances it offers for making money through investments [...]

What is an EIN and how to get it

The Employer Identification Number (EIN), a nine-digit employer identification number, is a requirement for all companies registered in the United States of America. GFLO Consultancy is pleased to propose company formation services in the USA. Text us to receive your own unique offer. TABLE OF CONTENTS: [...]

What is an ITIN and how to get it

The ITIN (Individual Taxpayer Identification Number) is a personal taxpayer code in the United States. It is issued by the Internal Revenue Service (IRS) and is provided to all foreigners and other individuals who are required to report taxes and file income tax returns. ITIN can be considered an equivalent to SSN (Social Security Number). [...]

Company registration in USA

If not the USA, what other country can be considered a haven for entrepreneurs in our era? A well-established business culture, various incentives offered by different states and numerous examples of evolving from a "garage business" into a multinational corporate giant make this country an ideal place for registering a company, starting a firm [...]

Company registration in Lithuania

Lithuania is a European country that attracts many investors and entrepreneurs as a business location. Company registration in Lithuania opens up numerous opportunities, and the process is straightforward and fast. In this article we will cover Lithuania's unique features as a jurisdiction for company registration, outline the company registration procedure itself, and delve into [...]

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