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Cyprus Receives EU Approval For Angel Investor Tax Breaks
Jason Gorringe, Tax-News.com, London__16 February, 2022
The European Commission has approved a Cypriot scheme involving the grant of tax breaks to private investors – both natural persons and corporate investors – who invest into early-stage, innovative SMEs. 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

Singapore Expected To Hike Carbon Tax In 2022 Budget
Mary Swire, Tax-News.com, Hong Kong__20 January, 2022
Singapore's Minister of Finance has said Singapore will set out plans to hike its carbon tax in the 2022 Budget. Read Full Story

Indonesia Clarifies Tax Measures In Tax Reform Law
Mary Swire, Tax-News.com, Hong Kong__06 December, 2021
The Indonesian Government has detailed its plans for a new carbon tax mechanism and a new tax amnesty scheme. 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

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

Netherlands Announces 'Modest' 2022 Budget
Ulrika Lomas, Tax-News.com, Brussels__04 October, 2021
The Dutch Government has announced changes aimed at improving the tax system in its 2022 Tax Plan, released on September 21. Read Full Story

Hong Kong Discusses US Termination Of Shipping Tax Pact
Mary Swire, Tax-News.com, Hong Kong__25 August, 2021
The Hong Kong Government has said it is looking at potential measures to support the shipping industry following the decision by the US Government to terminate the two territories' agreement that exempted shipping industry income from tax. Read Full Story

Wyden Takes Aim At US Pass-Through Income Tax Break
Mike Godfrey, Tax-News.com, Washington__06 August, 2021
Senate Finance Committee Chair Ron Wyden (D-OR) has introduced legislation to overhaul the 20 percent deduction for pass-through income introduced into US tax law in 2017. Read Full Story

BVI Says New Global Tax Rules Should Appreciate Offshore IFCs
Jason Gorringe, Tax-News.com, London__06 August, 2021
The British Virgin Islands Government has released a statement expressing concerns on the proposals being discussed by the OECD to establish modernized rules for the digitalized economy, including a minimum global corporate tax rate. Read Full Story

 

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