corporation tax News

EU Committed To Boosting Tax Take From Digital Economy

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 19, 2021

The EU is willing to move ahead with its own proposals on taxing the digital economy if an agreement is not reached at an international level, according to the current EU Council presidency. Read Full Story

Hong Kong Announces Tax Relief In 2021-22 Budget

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

Wednesday, March 3, 2021

Hong Kong will grant taxpayers a waiver of up to HKD10,000 (USD1,290) of profits tax, salaries tax, and tax under personal assessment, the territory announced in its 2021-22 Budget. Read Full Story

Hong Kong Provides Tax Concessions For Carried Interest

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

Wednesday, March 3, 2021

The Hong Kong Government has gazetted legislation to provide tax concessions for carried interest distributed by eligible private equity funds operating in Hong Kong. Read Full Story

Isle of Man Reminds Of Tax Payment Deadlines

by Jason Gorringe, Tax-News.com, London

Wednesday, January 13, 2021

The Isle of Man has issued a reminder of the deadlines for 2019 corporate tax returns and for certain personal tax payments. Read Full Story

EU Pressures Italy To End Tax Exemptions For Ports

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

On December 4, 2020, the European Commission said that Italy must abolish its corporate tax exemptions for ports in order to align its tax regime with EU state aid rules. Read Full Story

ECJ AG Urges Ruling Against Belgian 'Excess Profit' Ruling System

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

European Court of Justice (ECJ) Advocate General Juliane Kokott has opined that the Commission was right to consider that the Belgian practice of making downward adjustments to profits of undertakings forming part of multinational groups, under the "excess profit" ruling scheme, constituted an aid scheme. Read Full Story

EU Eyeing 2023 Start Date For DAC7

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

The EU has agreed new rules that will see member states automatically exchange information on income earned by sellers on digital platforms from 2023. Read Full Story

Turkey Presents Law For Corporate Tax Cut

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, November 2, 2020

The Turkish Government has submitted a bill to parliament that would allow the president to reduce the rate of corporate tax by up to five percentage points. Read Full Story