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insurance News

Hong Kong Reviewing Tax-Privileged Retirement Products

by Mary Swire,, Hong Kong

Wednesday, January 5, 2022

Authorities in Hong Kong have launched a review into two tax-deductible retirement savings products: Qualifying Deferred Annuity Policies (QDAP) and Mandatory Provident Fund (MPF) Tax-Deductible Voluntary Contributions (TVC). Read Full Story


Mauritius Announces New Tax Reliefs In 2021-22 Budget

by Lorys Charalambous,, Cyprus

Friday, August 6, 2021

Mauritius announced numerous tax relief measures for investors and for wealthy foreign individuals in its newly released Budget. Read Full Story


Belgian Lawmakers Approve New Tax On Securities Trading

by Ulrika Lomas,, Brussels

Monday, February 22, 2021

At a plenary session on February 11, 2021, Belgium's parliament adopted a draft law for a new annual tax on securities accounts. Read Full Story


Belgium Opens Tax Portal For Company Filings

by Ulrika Lomas,, Brussels

Monday, February 15, 2021

Belgium's Federal Public Service Finance has announced that businesses may now submit returns through the Belcotax-on-web portal. Read Full Story


EU Kick-starts Review Of Financial Services VAT Rules

by Ulrika Lomas,, Brussels

Monday, February 15, 2021

On February 8, 2021, the European Commission launched a consultation on a review of the VAT rules for financial and insurance services. Read Full Story


Dutch Senate Approves 2021 Tax Changes

by Ulrika Lomas,, Brussels

Tuesday, December 22, 2020

The Dutch Senate has approved the 2021 Tax Plan package, which introduces a lower rate of corporate tax for small- and medium-sized businesses. Read Full Story


Bermuda Consults Industry On New Conduct Of Business Regime

by Jason Gorringe,, London

Wednesday, January 13, 2021

The Bermuda Monetary Authority on December 15, 2020, released a new consultation paper on its proposal for a conduct of business regulatory regime to better protect retail investors. Read Full Story


UK To Strengthen Insurance Premium Tax Rules

by Jason Gorringe,, London

Tuesday, November 10, 2020

On November 5, 2020, HM Revenue and Customs issued a consultation on proposals to improve the administration of Insurance Premium Tax (IPT) and prevent unfair outcomes. Read Full Story


Belgium Taken To Task For Three Tax Regime Features

by Ulrika Lomas,, Brussels

Tuesday, November 10, 2020

The European Commission is undertaking infringement proceedings against Belgium regarding the taxation of shares held by life insurance companies, the taxation of income from savings deposits, and the deductibility of alimony payments. Read Full Story


Turkey Cuts Tax On Forex Transactions

by Lorys Charalambous,, Cyprus

Monday, October 5, 2020

Turkey has reversed an increase to the country's Banking Insurance Transaction Tax (BSMV) on foreign currency and gold purchases. Read Full Story



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A review of the latest budget news and government financial statements from around the world.

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