insurance News

Hong Kong Reviewing Tax-Privileged Retirement Products
by Mary Swire, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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, Tax-News.com, 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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