international news

2021-10-31
Tax-News.com: Hong Kong To Amend Tax Rules For Foreign-Source Passive Income
Tax-News.com
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.
more
2021-10-31
Tax-News.com: UK Announces Tax Breaks For Businesses In 2022 Budget
Tax-News.com
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.
more
2021-10-31
Tax-News.com: Singapore To Implement Budget 2021 GST Reforms Unchanged
Tax-News.com
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.
more
2021-10-17
Tax-News.com: Indonesian Lawmakers Approve Tax Reform Plans
Tax-News.com
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.
more
2021-10-03
Tax-News.com: Belt And Road Forum Agrees Digital Tax Admin Agenda
Tax-News.com
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.
more
2021-10-03
Tax-News.com: Netherlands Announces 'Modest' 2022 Budget
Tax-News.com
The Dutch Government has announced changes aimed at improving the tax system in its 2022 Tax Plan, released on September 21.
more
2021-10-03
Tax-News.com: EU Seeks Input On New Withholding Tax Directive
Tax-News.com
On September 28, 2021, the European Commission launched a consultation on a proposed Directive that would obligate member states to introduce the same rules regarding withholding tax on dividend and interest payments.
more
2021-09-14
Tax-News.com: Singapore To Allow Taxpayers Longer To Report TP Adjustments
Tax-News.com
The Singaporean Government has announced it will amend provisions on transfer pricing adjustments in the draft Income Tax (Amendment) Bill 2021, which includes measures announced in the 2021 Budget, following a consultation.
more
2021-09-14
Tax-News.com: China's New Urban Maintenance And Construction Tax Law In Force
Tax-News.com
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.
more
2021-09-14
Tax-News.com: EU To Table A Digital Tax Proposal In October
Tax-News.com
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.
more
2021-08-24
Tax-News.com: US Lawmakers Approve New Cryptoassets Reporting Rules
Tax-News.com
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.
more
2021-08-24
Tax-News.com: Hong Kong Discusses US Termination Of Shipping Tax Pact
Tax-News.com
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.
more
2021-08-24
Tax-News.com: Colombia Enacts Decree To Support Struggling Firms
Tax-News.com
The Colombian Government has issued Decree 939 of August 19, 2021, which enables the tax agency to revise an assessment for potentially viable companies that are facing insolvency, where doing so may save the company and jobs.
more
2021-08-09
Tax-News.com: Indonesia To Shoulder Retailers' VAT On Rental Costs
Tax-News.com
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.
more
2021-08-05
Tax-News.com: Asia-Pac's Tax Take Dropped, Even Before COVID-19: Report
Tax-News.com
Tax revenues fell in 2019 in two-thirds of economies across Asia and the Pacific as a result of an economic slowdown prior to the COVID-19 pandemic, according to a new OECD report.
more