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Stories that are tagged 'Tax'




Qatar To Introduce GCC Sin Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, February 17, 2017

Qatar is planning to introduce a sin tax on luxury items and products that are "harmful to human health and the environment," in line with the unified agreement among Gulf Cooperation Council member states. Read Full Story

 

Greece Should Broaden Income Tax Base And Tackle Evasion: IMF

by Ulrika Lomas, Tax-News.com, Brussels

Friday, February 17, 2017

Greece needs to overhaul its tax system as part of the solution to the country's economic woes, the International Monetary Fund said in its annual Article IV report for the country. Read Full Story

 

Netherlands, Uzbekistan Sign Anti-Abuse Agreement

by Ulrika Lomas, Tax-News.com, Brussels

Friday, February 17, 2017

The Netherlands has signed a protocol to its double tax avoidance treaty with Uzbekistan, designed to prevent the treaty from being inappropriately used to avoid taxes. Read Full Story

 

IRS Begins To Release Delayed Tax Refunds

by Leroy Baker, Tax-News.com, Washington

Friday, February 17, 2017

The US Internal Revenue Service has confirmed that it has begun to release refunds for individual taxpayers who have claimed the earned income tax credit and additional child tax credit on their tax returns. Read Full Story

 

Italy Should Pursue Anti-Tax Evasion Measures: OECD

by Ulrika Lomas, Tax-News.com, Brussels

Friday, February 17, 2017

The OECD has said Italy should limit its fiscal plans to those measures that would not inhibit improved economic growth. Read Full Story

 

UK VAT Flat Rate Scheme Changes Too Far-reaching, Warn Tax Experts

by Jason Gorringe, Tax-News.com, London

Friday, February 17, 2017

HM Revenue and Customs's new measure to crackdown on abuse of a VAT simplification scheme for small businesses may be ineffective and have unwelcome consequences for tax-compliant businesses, the Chartered Institute of Taxation has said. Read Full Story

 

Nigeria Denies Plans To Increase Taxes

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, February 17, 2017

Nigeria's Minister of Budget and National Planning, Udoma Udo Udoma, has denied that the Nigerian Government intends to raise taxes and will instead focus on compliance. Read Full Story

 

UK Proposes Tougher Penalties On Tobacco, Excise Duty Evaders

by Jason Gorringe, Tax-News.com, London

Friday, February 17, 2017

HM Revenue and Customs has launched a consultation on new sanctions for repeated evasion of tobacco duty or other excise duties. Read Full Story

 

Seychelles Again Delays Individual Income Tax Changes

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, February 17, 2017

In his State of the Nation Address on February 14, Seychelles' President Danny Faure announced that the implementation of a progressive personal income tax regime will be delayed to January 1, 2018. Read Full Story

 

Hong Kong Ranked As Freest Economy For 22nd Year

by Mary Swire, Tax-News.com, Hong Kong

Friday, February 17, 2017

For the 22nd consecutive year, Hong Kong has maintained its position as the world's freest economy in the 2017 Index of Economic Freedom from the Heritage Foundation. Read Full Story

 

 

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