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Stories that are tagged 'luxury tax'

India Cyber Proofs New GST Portal

by Mary Swire,, Hong Kong

Friday, April 14, 2017

The Indian Government has said that 4.85 million taxpayers have been enrolled to use India's goods and services tax portal, the GST Network (GSTN). Read Full Story


India's Jaitley Says GST Implementation Likely In July

by Mary Swire,, Hong Kong

Wednesday, March 8, 2017

India's Finance Minister, Arun Jaitley, says that India is likely to have its Goods and Services Tax regime in place by July, after approval from the GST Council of federal-level legislation. Read Full Story


India Delays Goods And Services Tax

by Lorys Charalambous,, Cyprus

Monday, January 16, 2017

The Indian Government needs more time to reach a consensus on remaining goods and services tax issues and put in place the necessary frameworks for the regime to succeed, Arun Jaitley, the Finance Minister, has said, pushing forward implementation to July.

Read Full Story


China Hikes Tax On Luxury Car Imports

by Mary Swire,, Hong Kong

Friday, December 2, 2016

In an effort to "guide reasonable consumption and promote energy conservation," China's State Council has approved a consumption tax on the retail value of ultra-luxury imported cars, such as Ferrari and Rolls-Royce cars. Read Full Story


China Cuts Consumption Tax On Cosmetics

by Mary Swire,, Hong Kong

Wednesday, October 5, 2016

To boost domestic sales and economic growth, China's State Council has approved the elimination or reduction of consumption tax on cosmetic products. Read Full Story


India To Form GST Council, To Decide On GST Rate

by Mary Swire,, Hong Kong

Wednesday, September 14, 2016

With the Constitutional Amendment Bill to introduce goods and services tax now ratified, the Indian Government has announced the formation of the GST Council, which will meet for the first time on September 22. Read Full Story


Taiwan's Outgoing Property Tax Revenue Disappoints

by Mary Swire,, Hong Kong

Tuesday, December 29, 2015

Taiwan's luxury tax on the sale of properties, which is to be replaced by a new property capital gains tax from January 1, 2016, has failed to yield the expected revenue since it was imposed in June 2011. Read Full Story


Indian Firms Discuss Tax Reform Direction

by Mary Swire,, Hong Kong

Monday, October 5, 2015

India should aim for a 20 percent corporate tax rate, strengthen dispute resolution mechanisms, and issue more guidance on the proposed goods and services tax, the Confederation of Indian Industry has said. Read Full Story


Taiwan To Hike CGT On Short-Term Property Purchases

by Mary Swire,, Hong Kong

Friday, August 28, 2015

Taiwan's National Taxation Bureau has confirmed that the present luxury tax on the sale of properties will be cancelled on the same date as a new property capital gains tax comes into operation. Read Full Story


Vietnam Revises Vehicle Purchase Tax

by Mary Swire,, Hong Kong

Friday, August 21, 2015

The Government of Vietnam has announced a new tax policy designed to encourage more sales of vehicles with small engines, while increasing the cost of gas-guzzling larger cars. Read Full Story




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