CCH has introduced Worldwide Tax Rates and Answers: Calculators, a set of software calculators that help accountants calculate corporate income tax and withholding tax liabilities in 90 countries around the world.
The calculators can compute taxable income from either gross income or net income per books. The withholding calculator computes withholding tax between two countries on a user-supplied amount of dividends, interest or royalties. Country-specific information helps users select the best tax rate for a transaction. Results for up to five jurisdictions or transactions can be compared on one screen.
The calculators work in tandem with CCHs Worldwide Tax Rates and Answers, a tax compliance and research system that provides access to national and local tax rates, legislation, tax news, and the current forms and instructions in English, for 90 countries. It also includes up-to-date questions and answers to key compliance issues for each country, written by in-country tax experts.
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