International Law News

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

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

Belt And Road Forum Agrees Digital Tax Admin Agenda

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

Monday, October 4, 2021

China has set out the priorities of the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM) Council over the next five years, at the 36-country grouping's second forum. Read Full Story

EU To Table A Digital Tax Proposal In October

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, September 15, 2021

The European Commission has committed to tabling a proposal for a digital tax in October, whether or not an international agreement surfaces from OECD-led talks on new international tax rules for the world's largest firms. Read Full Story

China's New Urban Maintenance And Construction Tax Law In Force

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

Wednesday, September 15, 2021

China's Ministry of Finance and the State Administration of Taxation have issued a statement announcing tax relief from the Urban Maintenance and Construction Tax. Read Full Story

US Lawmakers Approve New Cryptoassets Reporting Rules

by Mike Godfrey, Tax-News.com, Washington

Wednesday, August 25, 2021

The US Senate has approved the inclusion of new provisions in the bipartisan infrastructure bill to require intermediaries involved in cryptocurrency trading to report details about transactions. Read Full Story

Wyden Takes Aim At US Pass-Through Income Tax Break

by Mike Godfrey, Tax-News.com, Washington

Friday, August 6, 2021

Senate Finance Committee Chair Ron Wyden (D-OR) has introduced legislation to overhaul the 20 percent deduction for pass-through income introduced into US tax law in 2017. Read Full Story

Hong Kong, Georgia Tax Deal To Enter Into Force

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

Friday, August 6, 2021

The Hong Kong Government has announced that the comprehensive double tax agreement it signed with Georgia last year will enter into force on July 1. Read Full Story

Mauritius Announces New Tax Reliefs In 2021-22 Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, August 6, 2021

Mauritius announced numerous tax relief measures for investors and for wealthy foreign individuals in its newly released Budget. 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

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