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Hong Kong Again Slashes Interest On Early Tax Payments

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

Wednesday, June 9, 2021

The Hong Kong Inland Revenue Department has announced a further reduction to the interest rate payable on Tax Reserve Certificates. Read Full Story


US IRS Flags Deadline For Q2 Estimated Tax Payments

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 9, 2021

The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty. Read Full Story


Australian Tax Agency Announces Virtual Currency Tax Focus

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

Wednesday, June 9, 2021

The Australian Taxation Office has expressed its concern that some taxpayers do not fully understand the tax implications of cryptocurrency gains. Read Full Story


EFTA States' Tax Rulings Receive The All-Clear

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 9, 2021

The EFTA Surveillance Authority has closed its investigations into the tax ruling practices of Iceland, Liechtenstein, and Norway, without finding any evidence of state aid infringements. Read Full Story


Hong Kong Enhances Tax Rules For Amalgamations

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

Wednesday, June 9, 2021

Hong Kong's Legislative Council has passed a bill to implement a series of amendments to the Inland Revenue Ordinance. Read Full Story


Putin Signs Law To Withdraw From Dutch DTA

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 9, 2021

Russia's President Vladimir Putin has signed a law to terminate the country's double tax agreement with the Netherlands. Read Full Story


Malta Releases Corporate Income Tax Returns

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 9, 2021

Malta's Commissioner for Revenue has released year of assessment 2021 electronic income tax returns for companies. Read Full Story


Mexico Enacts Outsourcing Tax Law Changes

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 9, 2021

Mexico has recently enacted legislative amendments to various tax laws in a bid to restrict the ability of companies to enter into outsourcing arrangements. Read Full Story


Singapore Issues Corporate Tax Return Filing Guidance

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

Wednesday, June 9, 2021

The Inland Revenue Authority of Singapore has released guidance for companies on filing a corporate income tax return this year. Read Full Story


Hong Kong Issues Tax Returns For Individuals

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

Wednesday, May 12, 2021

On May 3, 2021, the Hong Kong Inland Revenue Department issued over 2.62 million tax returns for individuals for the year of assessment 2020-21. Read Full Story


Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, May 12, 2021

Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evasion. Read Full Story


Philippines To Complete Tax Incentives Review By Early May

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

Monday, April 26, 2021

The Philippines Department of Finance has announced that the Fiscal Incentives Review Board (FIRB) will complete the implementing rules and regulations for the corporate Recovery and Tax Incentives for Enterprises (CREATE) Act by the third week of May. Read Full Story


China Halves Corporate Tax For Smallest Businesses

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

Thursday, April 15, 2021

Chinese authorities have announced enhanced temporary tax breaks for small businesses. Read Full Story


US IRS Reminds Of FBAR Filing Obligation

by Mike Godfrey, Tax-News.com, Washington

Thursday, April 15, 2021

The Internal Revenue Service is reminding US citizens, resident aliens, and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021. Read Full Story


New Zealand Explains Recent Tax Law Changes

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

Thursday, April 15, 2021

The New Zealand Inland Revenue Department has released a new "special report" to provide guidance on changes to real property tax rules and other tax rules that were included in the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021. Read Full Story


India Hikes Threshold For Country-by-Country Reporting

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

Thursday, April 15, 2021

India has enacted legislation to hike the turnover threshold for filing a country-by-country report. Read Full Story


Singapore Issues Advance Ruling On IP Rights Transfer

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

Thursday, April 15, 2021

On April 1, 2021, the Inland Revenue Authority of Singapore issued a summary of an advance ruling concerning franchise income earned by a Singaporean company from licensing intellectual property rights. Read Full Story


Hong Kong Issues 2020-21 Tax Returns

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

Tuesday, April 6, 2021

On April 1, 2021, the Hong Kong Inland Revenue Department began issuing profits tax, property tax, and employer's returns for the year of assessment 2020-21. Read Full Story


Hong Kong Tables Tax Law Administration Bill

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

Thursday, March 25, 2021

Hong Kong tabled the Inland Revenue (Amendment) (Miscellaneous Provisions) Bill 2021 in parliament on March 24. Read Full Story


Hong Kong Adopts Law To Cut Stamp Duty Rates

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

Friday, March 19, 2021

Hong Kong has passed legislation to abolish the doubled ad valorem stamp duty rates applicable to non-residential property transactions with effect from November 26, 2020. Read Full Story


EU Committed To Boosting Tax Take From Digital Economy

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 19, 2021

The EU is willing to move ahead with its own proposals on taxing the digital economy if an agreement is not reached at an international level, according to the current EU Council presidency. Read Full Story


UK Issues Guidance On New Stamp Duty Surcharge On Non-Residents

by Jason Gorringe, Tax-News.com, London

Friday, March 19, 2021

HM Revenue and Customs has recently issued new guidance on the Stamp Duty Land Tax (SDLT) on non-resident buyers of residential property in England and Northern Ireland. Read Full Story


Cyprus Extends Deadline For Filing 2019 Corporate Tax Returns

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, March 25, 2021

Cyprus has extended the deadline for the submission of corporate tax returns and the TD1A form required from certain self-employed persons. Read Full Story


Australia To Shutter 'Harmful' Offshore Banking Unit Regime

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

Friday, March 19, 2021

The Australian Government has confirmed that it will amend its offshore banking unit regime after it was designated a harmful tax regime by the OECD and the European Union. Read Full Story


UAE Sets Out VAT Rules For Social Media Income, Performers

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, March 19, 2021

The United Arab Emirates' Federal Tax Authority has released a bulletin highlighting the value-added tax rights and obligations of performers and those who earn income from online platforms. Read Full Story












Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

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Malta Review

A review and forecast of Malta's international business, legal and investment climate.

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Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

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