Finance News

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

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

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

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

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

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

BVI Says New Global Tax Rules Should Appreciate Offshore IFCs

by Jason Gorringe, Tax-News.com, London

Friday, August 6, 2021

The British Virgin Islands Government has released a statement expressing concerns on the proposals being discussed by the OECD to establish modernized rules for the digitalized economy, including a minimum global corporate tax rate. 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

Philippines To Complete Tax Incentives Review By Early May

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

Monday, April 26, 2021

The Philippines Department of Finance has announced that the Fiscal Incentives Review Board (FIRB) will complete the implementing rules and regulations for the corporate Recovery and Tax Incentives for Enterprises (CREATE) Act by the third week of May. Read Full Story