individuals News
Singapore Targets A More Progressive Tax Regime In 2022 Budget
by Mary Swire, Tax-News.com, Hong Kong
Monday, March 21, 2022
Singapore has announced personal income tax hikes and higher wealth taxes on the territory's wealthiest individuals, as well as plans to ramp up the territory's carbon tax, in its newly released Budget. Read Full Story
US IRS To Pause Some Tax Enforcement Proceedings
by Mike Godfrey, Tax-News.com, Washington
Wednesday, February 16, 2022
The US Internal Revenue Service (IRS) has suspended the use of more than a dozen additional letters, including the mailing of automated collection notices, normally issued when a taxpayer owes additional tax and the IRS has no record of a taxpayer filing a tax return. Read Full Story
Ecuador Introduces Amnesty And Taxes On Assets
by Mike Godfrey, Tax-News.com, Washington
Wednesday, January 5, 2022
Legislation has been enacted in Ecuador to introduce new taxes on companies and wealthy individuals, to fund government efforts during the COVID-19 pandemic. 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
Netherlands Announces 'Modest' 2022 Budget
by Ulrika Lomas, Tax-News.com, Brussels
Monday, October 4, 2021
The Dutch Government has announced changes aimed at improving the tax system in its 2022 Tax Plan, released on September 21. Read Full Story
US Lawmakers Approve New Cryptoassets Reporting Rules
by Mike Godfrey, Tax-News.com, Washington
Wednesday, August 25, 2021
The US Senate has approved the inclusion of new provisions in the bipartisan infrastructure bill to require intermediaries involved in cryptocurrency trading to report details about transactions. 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
Hong Kong Explains COVID-19 Reliefs For Tax Debtors
by Mary Swire, Tax-News.com, Hong Kong
Friday, August 6, 2021
Hong Kong's Inland Revenue Department has explained COVID-19 tax concessions available for taxpayers struggling to pay their tax dues and has highlighted upcoming property tax obligations. Read Full Story
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