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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

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

IRAS Updates GST Guidance On Impending Media Sales Changes
Mary Swire, Tax-News.com, Hong Kong__05 January, 2022
The Inland Revenue Authority of Singapore has released an update to its goods and services tax guide for the advertising industry. 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

Singapore Gazettes Legislation For 2021 Budget Changes
Mary Swire, Tax-News.com, Hong Kong__23 November, 2021
The Income Tax (Amendment) Bill 2021 was published in Singapore's Official Gazette on November 16, 2021, following approval earlier by Singapore's President. 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

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

Singapore To Implement Budget 2021 GST Reforms Unchanged
Mary Swire, Tax-News.com, Hong Kong__01 November, 2021
Following a consultation exercise, the Inland Revenue Authority of Singapore has said the territory intends to go ahead with various important goods and services tax regime changes without accepting amendments proposed by stakeholders. 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

Indonesia To Shoulder Retailers' VAT On Rental Costs
Mary Swire, Tax-News.com, Hong Kong__10 August, 2021
The Indonesian Government has legislated to shoulder the value-added tax liability of retail businesses on rent and service charges due between August and October 2021. Read Full Story

 

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