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BVI To Launch New Tax Administration Platform

by Jason Gorringe, Tax-News.com, London

Wednesday, June 22, 2022

The British Virgin Islands' Inland Revenue Department is to introduce a new platform from early next year to automate the administration of all taxes and licenses. Read Full Story


Switzerland To Share Tax Data With 12 More States

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, June 22, 2022

At its meeting on May 18, 2022, the Swiss Federal Council approved the dispatch on the introduction of the automatic exchange of information on financial accounts (AEOI) with 12 other partner countries. Read Full Story


Guernsey To Delay Tax Reform Debate To Explore Corporate Tax Options

by Jason Gorringe, Tax-News.com, London

Friday, April 29, 2022

The Guernsey Government on April 26, 2022, announced that a parliamentary debate on tax reform, scheduled for July, will now be delayed until the end of the year, to allow time for consideration of corporate tax options. Earlier, Guernsey's Policy and Resources Committee proposed that the territory could implement a goods and services tax to buoy the territory's finances. Read Full Story


Bermuda Legislates For Budget 2022's Payroll Tax Changes

by Jason Gorringe, Tax-News.com, London

Monday, March 21, 2022

Bermuda has tabled the Payroll Tax Amendment and Validation Bill 2022, to give effect to the payroll tax measures announced in the territory's recent Budget. Read Full Story


Cambodia Again Delays Capital Gains Tax Plans

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

Monday, March 21, 2022

Authorities in Cambodia have announced a further two-year delay to the implementation of a capital gains tax. Read Full Story


OECD Releases E-Commerce VAT Toolkit For Asia-Pac States

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 21, 2022

On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities. Read Full Story


Singapore Adds To Guidance On ICAP Participation

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

Monday, March 21, 2022

The Inland Revenue Authority of Singapore (IRAS) has issued guidance for taxpayers on accessing the International Compliance Assurance Programme, a voluntary risk assessment and assurance program. Read Full Story


Singapore Targets A More Progressive Tax Regime In 2022 Budget

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

Monday, March 21, 2022

Singapore has announced personal income tax hikes and higher wealth taxes on the territory's wealthiest individuals, as well as plans to ramp up the territory's carbon tax, in its newly released Budget. Read Full Story


Cyprus Receives EU Approval For Angel Investor Tax Breaks

by Jason Gorringe, Tax-News.com, London

Wednesday, February 16, 2022

The European Commission has approved a Cypriot scheme involving the grant of tax breaks to private investors – both natural persons and corporate investors – who invest into early-stage, innovative SMEs. Read Full Story


US IRS To Pause Some Tax Enforcement Proceedings

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 16, 2022

The US Internal Revenue Service (IRS) has suspended the use of more than a dozen additional letters, including the mailing of automated collection notices, normally issued when a taxpayer owes additional tax and the IRS has no record of a taxpayer filing a tax return. Read Full Story


Costa Rica Launches New Tax Advice Callback Service

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 16, 2022

On February 1, 2022, Costa Rica's federal tax authority launched a new callback service for taxpayers seeking guidance. Read Full Story


Turkey Cuts CIT For Manufacturing Firms, Exporters

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 16, 2022

The Turkish Government has recently enacted Law No. 7,351, which provides corporate tax reliefs for exporters and manufacturing businesses. Read Full Story


OECD Reports Solid Progress On BEPS Action 5 And 14

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 16, 2022

The OECD/G20 Inclusive Framework on BEPS has published the outcome of more reviews into territories' preferential tax regimes and on tax dispute resolution through the Mutual Agreement Procedure. Read Full Story


UK Delays Overhaul To Tax Non-Compliance Penalties

by Jason Gorringe, Tax-News.com, London

Thursday, January 20, 2022

HM Revenue and Customs is reforming late-filing and payment penalties to make them fairer and more consistent across taxes. The first stage of these reforms was set to come into effect early this year. However, on January 13, 2022, HMRC postponed the effective dates by nine months to one year. Read Full Story


Switzerland Publishes Review Of 2021 Tax Progress

Thursday, January 20, 2022

As part of its commitment to fighting cross-border tax evasion and profit shifting, Switzerland sent information on over 3m financial accounts in 2021, according to a new review of the Swiss financial center by the State Secretariat for International Financial Matters. Read Full Story


Singapore Expected To Hike Carbon Tax In 2022 Budget

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

Thursday, January 20, 2022

Singapore's Minister of Finance has said Singapore will set out plans to hike its carbon tax in the 2022 Budget. Read Full Story


Hong Kong Reviewing Tax-Privileged Retirement Products

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

Wednesday, January 5, 2022

Authorities in Hong Kong have launched a review into two tax-deductible retirement savings products: Qualifying Deferred Annuity Policies (QDAP) and Mandatory Provident Fund (MPF) Tax-Deductible Voluntary Contributions (TVC). Read Full Story


IRAS Updates GST Guidance On Impending Media Sales Changes

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

Wednesday, January 5, 2022

The Inland Revenue Authority of Singapore has released an update to its goods and services tax guide for the advertising industry. Read Full Story


Ecuador Introduces Amnesty And Taxes On Assets

by Mike Godfrey, Tax-News.com, Washington

Wednesday, January 5, 2022

Legislation has been enacted in Ecuador to introduce new taxes on companies and wealthy individuals, to fund government efforts during the COVID-19 pandemic. Read Full Story


EU Finance Ministers Agree Landmark VAT Rate Rule Changes

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 5, 2022

EU finance ministers have agreed an update to the rules governing value-added tax rates for goods and services. Read Full Story


Philippines DOF Says Wealth Tax Plan Would Be Self-Defeating

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

Monday, December 6, 2021

The Philippines Department of Finance has issued a statement warning against the introduction of a new tax on the super wealthy. Read Full Story


Indonesia Clarifies Tax Measures In Tax Reform Law

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

Monday, December 6, 2021

The Indonesian Government has detailed its plans for a new carbon tax mechanism and a new tax amnesty scheme. Read Full Story


Singapore Gazettes Legislation For 2021 Budget Changes

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

Tuesday, November 23, 2021

The Income Tax (Amendment) Bill 2021 was published in Singapore's Official Gazette on November 16, 2021, following approval earlier by Singapore's President. Read Full Story



UK Announces Tax Breaks For Businesses In 2022 Budget

by Jason Gorringe, Tax-News.com, London

Monday, November 1, 2021

With the UK corporate tax rate set to rise 25 percent from April 2023, the UK Government has announced various tax proposals that are intended to support businesses and the UK economy, in the newly released 2022 Budget. Read Full Story












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Cyprus Review

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

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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.

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Budget Review

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

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