Stories that are tagged 'China'

OECD Releases E-Commerce VAT Toolkit For Asia-Pac States
Ulrika Lomas, Tax-News.com, Brussels__21 March, 2022
On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities. Read Full Story

OECD Reports Solid Progress On BEPS Action 5 And 14
Ulrika Lomas, Tax-News.com, Brussels__16 February, 2022
The OECD/G20 Inclusive Framework on BEPS has published the outcome of more reviews into territories' preferential tax regimes and on tax dispute resolution through the Mutual Agreement Procedure. Read Full Story

Indonesian Lawmakers Approve Tax Reform Plans
Mary Swire, Tax-News.com, Hong Kong__18 October, 2021
Indonesia's lower house of parliament has signed off on a bill that provides for a two-stage hike to the headline value-added tax rate, the cancellation of a planned corporate tax cut, and the introduction of a new top rate of personal income tax. Read Full Story

Belt And Road Forum Agrees Digital Tax Admin Agenda
Mary Swire, Tax-News.com, Hong Kong__04 October, 2021
China has set out the priorities of the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM) Council over the next five years, at the 36-country grouping's second forum. Read Full Story

China's New Urban Maintenance And Construction Tax Law In Force
Mary Swire, Tax-News.com, Hong Kong__15 September, 2021
China's Ministry of Finance and the State Administration of Taxation have issued a statement announcing tax relief from the Urban Maintenance and Construction Tax. Read Full Story

Asia-Pac's Tax Take Dropped, Even Before COVID-19: Report
Mary Swire, Tax-News.com, Hong Kong__06 August, 2021
Tax revenues fell in 2019 in two-thirds of economies across Asia and the Pacific as a result of an economic slowdown prior to the COVID-19 pandemic, according to a new OECD report. Read Full Story

China Halves Corporate Tax For Smallest Businesses
Mary Swire, Tax-News.com, Hong Kong__15 April, 2021
Chinese authorities have announced enhanced temporary tax breaks for small businesses. Read Full Story

Eight States' Tax Transparency Frameworks Reviewed
Ulrika Lomas, Tax-News.com, Brussels__15 April, 2020
The OECD Global Forum has released eight peer review reports, for Brunei, Macau, Switzerland, Barbados, the Seychelles, Liberia, Peru, and Tunisia, on the jurisdictions' efforts to adopt and comply with international tax standards on transparency and the exchange of tax-related information on request. Read Full Story

Hong Kong, China Now Sharing CbC Reports
Mary Swire, Tax-News.com, Hong Kong__17 March, 2020
On March 4, 2020, the Hong Kong Government said that an arrangement with China on the automatic exchange of country-by-country reports is in effect. Read Full Story

OECD Releases Eight New Action 14 Peer Reviews
Ulrika Lomas, Tax-News.com, Brussels__06 December, 2019
The OECD recently released the seventh round of stage one peer review reports, assessing eight jurisdictions' efforts to implement the BEPS Action 14 minimum standard on tax dispute resolution. Read Full Story

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