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The World Bank has approved a EUR14m loan for Montenegro to fund tax administration reforms. Read Full Story
Latvia's parliament, the Saeima, has approved tax reform legislation under which corporate income will not be taxed until profits are distributed. Read Full Story
Spain's tax exemptions for the Catholic Church "may constitute unlawful State aid," if they are granted for economic activities, the Court of Justice of the European Union has said. Read Full Story
The US Government has voiced support for legislation to modify the production tax credit for advanced nuclear power facilities. Read Full Story
The Government of Mauritius has announced a series of tax incentives including a three percent concessionary tax rate for export-focused firms as part of a Budget, which seeks to improve the jurisdictions standing as a business hub. Read Full Story
Hong Kong has published legislation in its Official Gazette to close a loophole that has allowed Hong Kong resident taxpayers to avoid paying high rates of stamp duty when purchasing property. Read Full Story
The Australian Government has said it will immediately respond to recommendations proposed in the newly released interim report of the Black Economy Taskforce. Read Full Story
The Australian Government announced or confirmed numerous changes to the goods and services tax regime in this year's Budget. Read Full Story
Integrated Micro-Electronics Inc, a global provider of electronics manufacturing services, has confirmed that it has been granted a tax holiday by the Serbian authorities. Read Full Story
In a statement published on March 16, the Seychelles Revenue Commission announced the extension of the Tourism Marketing Tax (TMT) to casino operators and Class 1 building contractors (with annual turnover in excess of SCR1m (USD74,271)). Read Full Story
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