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International Tax »

Irish Gov't Overhauls Water Charge Proposals

Irish Prime Minister Enda Kenny has said that the revised water charge will be the "last new national charge" to be introduced by his Government, and confirmed that the tax cuts announced at October's Budget will offset the impact of the so-called "water tax" on households. Continue Reading »

International Law »

Irish Tax Reliefs To Help Elderly Stay In Their Homes

The Irish Government has announced that the level of tax relief available to help with the employment of a professional nurse or carer in the home will rise from EUR50,000 (USD67,670) to EUR75,000 a year. Continue Reading »

Politics & Economics »

Higher Filipino Bonus Cap Backed By Lawmakers

While the House of Representatives passed its version of the bill in September this year, the Philippines Senate has now approved at second reading its bill that seeks to increase the present individual income tax exemption cap for 13th month pay and other benefits from the current PHP30,000 (USD665) to PHP82,000. Continue Reading »

Offshore »

Shell Wins Indian Transfer Pricing Dispute

Royal Dutch Shell PLC's Indian unit has won a major transfer pricing dispute, after the Bombay High Court, on November 18, rejected the Indian tax authority's tax demand worth INR180bn (USD2.9bn). Continue Reading »

Business »

South Africa Issues Tax Guide To Film Production Inventives

The South African Revenue Service has issued a tax guide to the current income tax exemption for the receipts and accruals of income derived from the exploitation rights of a film. Continue Reading »

E-Commerce »

States Lose Patience Over US Internet Sales Tax

The National Conference of State Legislatures has sent a letter to House of Representatives Speaker John Boehner, expressing its "disappointment and frustration" with his announcement ruling out passage of the Marketplace Fairness Act during the current lame-duck session in the US Congress. Continue Reading »

Aviation »

Taiwanese Special Scheme For Foreign Firms Time Limited

The Ministry of Finance has reminded foreign companies engaged in certain industries in Taiwan that there is a time limit on the availability of the percentage expenses deduction allowed under Article 25 of the country's Income Tax Act. Continue Reading »

Marine »

China Planning Additional Free Trade Zones

Chinese President Xi Jinping has said that, after more than a year since Shanghai's pilot free trade zone was first launched, its example should now be copied in more provinces as soon as possible. Continue Reading »

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