individuals News

Singapore Launches Consultation On Income Tax Reforms

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

Friday, July 24, 2020

Singapore's Ministry of Finance has launched a public consultation on proposed corporate tax and income tax breaks. Read Full Story

Malta Extends Individual Tax Deadlines

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 24, 2020

Malta's Commissioner for Revenue has extended the deadline for submitting income tax returns. Read Full Story

UK Launches Reviews Into Capital Gains Tax, Post-COVID-19 Tax Reform

by Jason Gorringe, Tax-News.com, London

Friday, July 17, 2020

The UK's Chancellor, Rishi Sunak, has indicated that changes to the UK's capital gains tax regime may be on the horizon, having commissioned a report into the future of the tax from the Office for Tax Simplification. Read Full Story

J5 Group Marks Two Years Of Collaboration On Tackling Fiscal Crime

by Mike Godfrey, Tax-News.com Washington

Friday, July 17, 2020

On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years' work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud. Read Full Story

UK Announces COVID-19 Tax Breaks To Stimulate Economy

by Jason Gorringe, Tax-News.com, London

Friday, July 10, 2020

In a bid to reinvigorate the UK economy and buoy property prices, Chancellor Rishi Sunak has announced plans to slash the VAT rate for the hospitality sector and offer temporary stamp duty relief. Read Full Story

COVID-19: Belgium Clarifies Tax Deadlines For Non-Resident Individuals

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 25, 2020

On June 24, 2020, the Belgian Ministry of Finance issued a clarification of tax payment deadlines for non-resident individuals after the tax authority issued tax statements with the wrong due dates. Read Full Story

COVID-19: New Zealand To Waive Individual Tax Bills Up To NZD200

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

Thursday, June 25, 2020

The New Zealand Government has announced that it will provide tax relief for low-income earners by waiving nominal tax debts. Read Full Story

Italian Tax Agency Summarizes New COVID-19 Tax Support Measures

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, May 28, 2020

On May 21, 2020, the Italian Revenue Agency issued a summary of additional tax measures in Decree 34/2020, which are intended to further support taxpayers affected by the COVID-19 virus. Read Full Story

US House Passes COVID-19 Stimulus Bill With Tax Measures

by Mike Godfrey, Tax-News.com Washington

Thursday, May 28, 2020

On May 15, 2020, the United States House of Representatives approved the HEROES Act, which amends previous COVID-19-related stimulus legislation by changing loss carryback rules and providing further tax support for businesses and individuals. Read Full Story

Switzerland Launches New Tax Burden Calculation Tool

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, May 28, 2020

The Swiss Federal Department of Finance has announced the launch of a new online tool for individuals taxpayers, which is being developed also for legal entities. Read Full Story

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