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Brazil has lowered its primary deficit target to BRL159bn from BRL139bn after a significant fall in tax revenues Read Full Story
The Government of the Netherlands has announced that it has concluded an agreement with Indonesia on the taxation of investment funds. Read Full Story
Bangladesh has announced corporate income tax cuts and the introduction of the new value-added tax law in its new Budget, released on June 1. Read Full Story
Tax experts have highlighted the increasing importance of substance in the fund management sector in view of the OECD's base erosion and profit shifting project recommendations. Read Full Story
Qatar's Cabinet has approved the introduction of value-added tax at a five percent rate, as part of an initiative among Gulf Cooperation Council states. Read Full Story
Foreign investment restrictions on manufacturing and certain services are to be eased at the China (Shanghai) Pilot Free Trade Zone this year. Read Full Story
Hong Kong's Financial Secretary, Paul Chan, has announced measures to boost the territory's economy in his 2017-2018 Budget. Read Full Story
Hong Kong's Financial Services Development Council has released a report proposing the establishment of a "Bond Market Connect," which would promote the development of bond trading between Mainland China and Hong Kong. Read Full Story
South Korea's Financial Services Commission has announced that individual savings accounts, which were only introduced in the country on March 14 this year, had already attracted over KRW3 trillion in deposits by October 14, seven months later. Read Full Story
The South African National Treasury has published further draft amendments to the overall regulations covering tax free savings accounts. Read Full Story
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