inheritance tax News

Korea Enacts 2019 Tax Revision Bill

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

Wednesday, January 15, 2020

The Korean Government has announced that the 2019 Tax Revision Bill was enacted on January 6, 2020, with a number of new measures added to the existing proposals. Read Full Story

IRS Issues Estate Tax Regulations

by Mike Godfrey, Tax-News.com Washington

Monday, December 2, 2019

On November 22, 2019, the United States Internal Revenue Service issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels. Read Full Story

Mauritius Gazettes Budget Tax Measures

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, August 8, 2019

Mauritius has published in its Official Gazette legislation to enact measures announced in the territory's latest Budget, contained in The Finance (Miscellaneous Provisions) Act 2019. Read Full Story

Belgian Cabinet Approves Brexit Tax Law

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, March 14, 2019

Belgium's Council of Ministers has approved a draft law that would temporarily treat the United Kingdom as a member of the European Union for Belgian tax purposes should the UK leave the EU having failed to agree any withdrawal arrangements. Read Full Story

Philippines To Soon Launch Tax Amnesty

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

Friday, December 21, 2018

Lawmakers in the Philippines have endorsed plans for a tax amnesty scheme that will cover estate taxes, general taxes, and delinquent accounts, covering liabilities up to December 31, 2017. Read Full Story

Estonia Tops Tax Foundation's Tax Competitiveness Index

by Mike Godfrey, Tax-News.com, Washington

Monday, October 29, 2018

Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD." Read Full Story

UK Launches Review To Simplify Inheritance Tax Rules

by Jason Gorringe, Tax-News.com, London

Thursday, May 3, 2018

On April 27, 2018, the UK's Office of Tax Simplification launched a public consultation on measures to streamline and enhance the country's inheritance tax regime. Read Full Story

New Zealand's Tax Reform Consultation Ends This Week

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

Tuesday, April 24, 2018

New Zealand is to soon begin formulating new tax reform measures, aimed at improving the balance and fairness of the tax regime, based on the feedback to a public consultation that ends April 30. Read Full Story

OECD Urges International Tax Reform Of Savings, Investments

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 13, 2018

"While countries do not necessarily need to tax savings more, there is a lot of room to improve the way countries tax savings," according to Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration. Read Full Story

UK Tax Advisers Welcome Inheritance Tax Review

by Jason Gorringe, Tax-News.com, London

Monday, February 5, 2018

The Chartered Institute of Taxation has welcomed the announcement that the UK's Office of Tax Simplification is to undertake a review of inheritance tax. Read Full Story

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