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Stories that are tagged 'value added tax (VAT)'

 

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

Costa Rica Launches New Tax Advice Callback Service
Mike Godfrey, Tax-News.com, Washington__16 February, 2022
On February 1, 2022, Costa Rica's federal tax authority launched a new callback service for taxpayers seeking guidance. Read Full Story

UK Delays Overhaul To Tax Non-Compliance Penalties
Jason Gorringe, Tax-News.com, London__20 January, 2022
HM Revenue and Customs is reforming late-filing and payment penalties to make them fairer and more consistent across taxes. The first stage of these reforms was set to come into effect early this year. However, on January 13, 2022, HMRC postponed the effective dates by nine months to one year. 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

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

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

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

 

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