Business News 

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

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

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

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

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

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

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

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

Indonesian Lawmakers Approve Tax Reform Plans
by Mary Swire, Tax-News.com, Hong Kong
Monday, October 18, 2021
Indonesia's lower house of parliament has signed off on a bill that provides for a two-stage hike to the headline value-added tax rate, the cancellation of a planned corporate tax cut, and the introduction of a new top rate of personal income tax. Read Full Story

Singapore To Implement Budget 2021 GST Reforms Unchanged
by Mary Swire, Tax-News.com, Hong Kong
Monday, November 1, 2021
Following a consultation exercise, the Inland Revenue Authority of Singapore has said the territory intends to go ahead with various important goods and services tax regime changes without accepting amendments proposed by stakeholders. Read Full Story

Hong Kong To Amend Tax Rules For Foreign-Source Passive Income
by Jason Gorringe, Tax-News.com, London
Monday, November 1, 2021
The Hong Kong Government has issued a statement committing to amend its tax law with regards the tax exemption for foreign source passive income from 2023, to ensure the territory does not end up placed on the EU's tax blacklist of non-cooperative territories. Read Full Story

Netherlands Announces 'Modest' 2022 Budget
by Ulrika Lomas, Tax-News.com, Brussels
Monday, October 4, 2021
The Dutch Government has announced changes aimed at improving the tax system in its 2022 Tax Plan, released on September 21. Read Full Story
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- 16/07/2021 Hong Kong Sets Out Response To Int'l Tax Reform Plans »
- 09/07/2021 Thailand Explains New VAT Rules For B2C Electronic Services »
- 06/07/2021 OECD Receives Backing For Historic International Tax Overhaul »
- 28/06/2021 Firms Given More Time To Seek New Zealand's R And D Tax Perks »
- 15/06/2021 Mauritius Announces New Tax Reliefs In 2021-22 Budget »
- 08/06/2021 Hong Kong Enhances Tax Rules For Amalgamations »
- 05/05/2021 Hong Kong Issues Tax Returns For Individuals »
- 04/05/2021 Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting »
- 13/04/2021 New Zealand Explains Recent Tax Law Changes »
- 13/04/2021 China Halves Corporate Tax For Smallest Businesses »
- 07/04/2021 Singapore Issues Advance Ruling On IP Rights Transfer »
- 25/03/2021 Hong Kong Tables Tax Law Administration Bill »
- 15/03/2021 UAE Sets Out VAT Rules For Social Media Income, Performers »
- 04/03/2021 Singapore Updates Tax Rules For Company Liquidations »
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