Filipino Bill Would Extend Corporate Tax Perks For Schools, Hospitals

Filipino non-profit private schools and hospitals that adhere to high standards will continue to enjoy a corporate tax rate of 10 percent if a bill before the House of Representatives is adopted. Continue Reading »

Luxembourg Introduces New VAT Group Regime

Bill of law no. 7278, providing for the implementation of new value-added tax grouping rules in Luxembourg, entered into force on July 31, 2018. The bill was approved by parliament on July 26. Continue Reading »

IMF Urges US To Hike Indirect Taxes

The International Monetary Fund has recommended that the United States raise indirect taxes to boost revenues, to offset the cost of recent tax cuts and spending increases. Continue Reading »

BEPS Project Has Triggered Near-Global Tax Reform: OECD

The OECD has committed to providing proposals to fix the taxation of the digital economy by 2020, in an update to G20 leaders on international efforts to mitigate base erosion and profit shifting (BEPS). Continue Reading »

Malaysia To Phase Out 'Harmful' Tax Regime

Malaysia has suspended its MSC Malaysia tax regime, pending changes to bring it into line with recommendations from the OECD's Base Erosion and Profit Shifting initiative. Continue Reading »

Tech Groups Raise Concerns About EU Digital Tax

The European Commission's proposal for a digital services tax would be "deeply harmful" to the EU business environment and may lead to double taxation, a coalition of business and technology groups has warned EU leaders. Continue Reading »

Netherlands Ponders New Aviation Tax

The Dutch Government has begun a public consultation exercise on plans to introduce a new tax on air travel by 2021. Continue Reading »

EC Scrutinizes Tax Breaks For Polish Shipyards

The European Commission has opened an in-depth investigation into a Polish tax scheme for shipyards, which it says could give shipbuilders an unfair competitive advantage over rivals. Continue Reading »