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Barbados's Minister of Finance has announced tax increase in his 2017 Budget, including to the National Social Responsibility Levy and gasoline excise duties, and a two percent commission on foreign exchange transactions. Read Full Story
On January 17, the Italian Minister of the Economy and Finance, Pier Carlo Padoan, received a letter from the European Commission's Vice-President, Valdis Dombrovskis, and Tax Commissioner Pierre Moscovici, in which they said that Italy will need to introduce additional budgetary measures for 2017. Read Full Story
The Polish Government has decided not to proceed with a proposal to restructure the tax regime for self-employed taxpayers. Read Full Story
Italy's 2017 Budget, including its business tax cuts, received parliamentary approval on December 7, becoming the final act of Premier Matteo Renzi's Government before his resignation following the adverse referendum result. Read Full Story
In a press conference on October 15, following approval by the Government of the draft Italian 2017 Budget, Premier Matteo Renzi announced that it contains the promised business tax cuts, and underlined that "tax burdens continue to go down." Read Full Story
Changes introduced in the 2015/16 will simplify compliance for small businesses in Uganda, the tax agency has said. Read Full Story
The completion of the 2015 update to the Ge.Ri.Co (Gestione dei Ricavi e dei Compensi) computerized system, including finalization of the sector studies (studi di settore) contained therein, means that Italian small businesses and sole traders can now check whether issues were found with their tax returns for the 2014 tax year. Read Full Story
The Italian Government has responded to protests in Italy over the new reduced tax regime introduced for self-employed individuals from January 1 this year, announcing that all taxpayers will be allowed the option of being taxed under either the old or new regime. Read Full Story
CGIA of Mestre, Italy's association of sole traders and small businesses, has pointed out that, at an average of around 49 percent, the tax burdens on Italian electricity and gas charges are both placed fifth highest among European Union countries. Read Full Story
Support is growing in the Philippines Senate for the Marginal Income Earners Bill, which would exempt low-income entrepreneurs and self-employed individuals from income tax. Read Full Story
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