International Tax News 
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
- 17/01/2022 Switzerland Publishes Review Of 2021 Tax Progress »
- 12/01/2022 Singapore Expected To Hike Carbon Tax In 2022 Budget »
- 04/01/2022 Hong Kong Reviewing Tax-Privileged Retirement Products »
- 20/12/2021 IRAS Updates GST Guidance On Impending Media Sales Changes »
- 13/12/2021 Ecuador Introduces Amnesty And Taxes On Assets »
- 08/12/2021 EU Finance Ministers Agree Landmark VAT Rate Rule Changes »
- 01/12/2021 Philippines DOF Says Wealth Tax Plan Would Be Self-Defeating »
- 23/11/2021 Indonesia Clarifies Tax Measures In Tax Reform Law »
- 18/11/2021 Singapore Gazettes Legislation For 2021 Budget Changes »
- 09/11/2021 US Hikes Thresholds For Tax-Privileged Retirement Arrangements »
- 28/10/2021 UK Announces Tax Breaks For Businesses In 2022 Budget »
- 19/10/2021 Indonesian Lawmakers Approve Tax Reform Plans »
- 14/10/2021 Singapore To Implement Budget 2021 GST Reforms Unchanged »
- 07/10/2021 Hong Kong To Amend Tax Rules For Foreign-Source Passive Income »
- 01/10/2021 EU Seeks Input On New Withholding Tax Directive »
- 27/09/2021 Belt And Road Forum Agrees Digital Tax Admin Agenda »
- 23/09/2021 Netherlands Announces 'Modest' 2022 Budget »
- 13/09/2021 Singapore To Allow Taxpayers Longer To Report TP Adjustments »
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