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Guernsey To Delay Tax Reform Debate To Explore Corporate Tax Options
Jason Gorringe, Tax-News.com, London__29 April, 2022
The Guernsey Government on April 26, 2022, announced that a parliamentary debate on tax reform, scheduled for July, will now be delayed until the end of the year, to allow time for consideration of corporate tax options. Earlier, Guernsey's Policy and Resources Committee proposed that the territory could implement a goods and services tax to buoy the territory's finances. Read Full Story

Turkey Cuts CIT For Manufacturing Firms, Exporters
Ulrika Lomas, Tax-News.com, Brussels__16 February, 2022
The Turkish Government has recently enacted Law No. 7,351, which provides corporate tax reliefs for exporters and manufacturing businesses. Read Full Story

Ecuador Introduces Amnesty And Taxes On Assets
Mike Godfrey, Tax-News.com, Washington__05 January, 2022
Legislation has been enacted in Ecuador to introduce new taxes on companies and wealthy individuals, to fund government efforts during the COVID-19 pandemic. Read Full Story

EU Finance Ministers Agree Landmark VAT Rate Rule Changes
Ulrika Lomas, Tax-News.com, Brussels__05 January, 2022
EU finance ministers have agreed an update to the rules governing value-added tax rates for goods and services. Read Full Story

Malta Announces Individual Tax Reliefs In 2022 Budget
Jason Gorringe, Tax-News.com, London__01 November, 2021
Malta's recently released 2022 Budget includes measures to support low-income workers and those working part-time or overtime, to improve the supply of affordable housing, and to introduce a new concessionary tax regime for artists and performers. Read Full Story

Hong Kong To Amend Tax Rules For Foreign-Source Passive Income
Jason Gorringe, Tax-News.com, London__01 November, 2021
The Hong Kong Government has issued a statement committing to amend its tax law with regards the tax exemption for foreign source passive income from 2023, to ensure the territory does not end up placed on the EU's tax blacklist of non-cooperative territories. 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

EU To Table A Digital Tax Proposal In October
Ulrika Lomas, Tax-News.com, Brussels__15 September, 2021
The European Commission has committed to tabling a proposal for a digital tax in October, whether or not an international agreement surfaces from OECD-led talks on new international tax rules for the world's largest firms. 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

US Lawmakers Approve New Cryptoassets Reporting Rules
Mike Godfrey, Tax-News.com, Washington__25 August, 2021
The US Senate has approved the inclusion of new provisions in the bipartisan infrastructure bill to require intermediaries involved in cryptocurrency trading to report details about transactions. Read Full Story

 

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