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Institutions News

Turkey Cuts VAT On Education Services

by Lorys Charalambous,, Cyprus

Monday, September 7, 2020

Turkey has temporarily lowered the rate of VAT on the supply of education and training services. Read Full Story


Malaysia Explains New Cap On Interest Expense Deductions

by Mary Swire,, Hong Kong

Tuesday, July 16, 2019

The Inland Revenue Board of Malaysia has released new guidance on restrictions to the deductibility of interest expenses. Read Full Story


No Tax Surprises In Singapore's 2019 Budget

by Mary Swire,, Hong Kong

Thursday, March 14, 2019

Singapore's recently released 2019 Budget included few significant tax announcements except confirmation that Singapore's carbon tax will be levied this year and the goods and services tax will be hiked in the medium term. Read Full Story


Singapore Issues More Automatic Tax Info Exchange Guidance

by Mary Swire,, Hong Kong

Saturday, February 17, 2018

Singapore's tax agency has made two announcements recently concerning the automatic exchange of information on foreign taxpayers' affairs, on the Common Reporting Standard and the US Foreign Account Tax Compliance Act. Read Full Story


Hong Kong Needs Measured BEPS Response: Report

by Mary Swire,, Hong Kong

Friday, January 6, 2017

Hong Kong's Financial Services Development Council has issued a paper setting out key recommendations for the Government to consider in the area of international tax law. Read Full Story


Many Reporting Entities Unprepared For FATCA, CRS

by Mike Godfrey,, Washington

Tuesday, August 23, 2016

New research shows that financial institutions are generally confident about meeting existing and incoming automatic exchange of information obligations. However, the study also found that a significant proportion of the industry is facing higher costs and risking fines by being under-prepared for new compliance requirements. Read Full Story


Irish Gov't Consults On Financial Institutions Levy

by Jason Gorringe,, London

Tuesday, June 14, 2016

The Irish Finance Department has launched a consultation on how the Financial Institutions Levy is calculated and collected. Read Full Story


Hong Kong Confirms Its AML, Tax Evasion Procedures

by Mary Swire,, Hong Kong

Thursday, April 28, 2016

In reply to a Legislative Council question, Hong Kong's Secretary for Financial Services and the Treasury, K C Chan, confirmed that the Inland Revenue Department will always "take necessary actions against tax evasion and avoidance by taxpayers, based on information possessed by the Department or received from other sources." Read Full Story


Singapore Adds To Tax Incentives In Budget

by Mary Swire,, Hong Kong

Tuesday, March 29, 2016

Singapore's 2016 Budget, released on March 24, includes measures to support businesses to expand and enhances finance sector, treasury management, and international trade tax incentives. Read Full Story


Grenada Presents 2016 Budget Statement

by Mike Godfrey,, Washington

Thursday, December 3, 2015

Caribbean territory Grenada has announced that no new taxes will be introduced in the 2016 Budget but the jurisdiction is planning numerous tax administrative changes. Read Full Story



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A review and forecast of Cyprus's international business, legal and investment climate.

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A review and forecast of Malta's international business, legal and investment climate.

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A review and forecast of Jersey's international business, legal and investment climate.

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Budget Review

A review of the latest budget news and government financial statements from around the world.

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