Stories that are tagged 'tax'

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

Cyprus Proposing Tax Perks To Attract Foreigners, Investment
Lorys Charalambous, Tax-News.com, Cyprus__12 November, 2021
Cyprus is considering the introduction of a new digital nomad visa, which would enable non-EU, self-employed persons to work from the territory, and be taxable there, providing they are not tax resident elsewhere. Read Full Story

US Hikes Thresholds For Tax-Privileged Retirement Arrangements
__09 November, 2021
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Bahamas To Cut VAT Rate To 10 Percent
Mike Godfrey, Tax-News.com, Washington__01 November, 2021
The Bahamas intends to lower the value-added tax rate from 12 percent to 10 percent, the territory announced in its supplementary 2021/22 Budget, released on October 27. Read Full Story

UK Announces Tax Breaks For Businesses In 2022 Budget
Jason Gorringe, Tax-News.com, London__01 November, 2021
With the UK corporate tax rate set to rise 25 percent from April 2023, the UK Government has announced various tax proposals that are intended to support businesses and the UK economy, in the newly released 2022 Budget. Read Full Story

OECD Tax Plans To Have Relatively Small Impact On Bermuda: Fitch
Jason Gorringe, Tax-News.com, London__01 November, 2021
Bermuda's appeal as a domicile for (re)insurance will be dulled by the OECD's latest international tax plans. However, the impact is likely to be less than the territory experienced after the US tax reform of 2017, says credit ratings agency Fitch Ratings. 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

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

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