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Cayman Budget Targets Budget Surpluses

by Mike Godfrey,, Washington

Thursday, November 2, 2017

The Cayman Islands' Premier, Alden McLaughlin, recently delivered the territory's first two-year budget, which was notable for the absence of new borrowing or revenue-raising measures. Read Full Story


Bahraini Ministers Approve GCC's Selective Excise Tax

by Lorys Charalambous,, Cyprus

Friday, October 20, 2017

Bahrain's Cabinet on October 16 approved Gulf Cooperation Council proposals for a selective excise tax on unhealthy drinks, the state news agency reported. Read Full Story


Djibouti Should Rein In Tax Exemptions, Says IMF

by Lorys Charalambous,, Cyprus

Friday, April 7, 2017

Djibouti should broaden its tax base by reducing wide-ranging exemptions and special regimes, the International Monetary Fund (IMF) has said. Read Full Story


UK Disabled Drivers Face New VAT Hit 'Unduly,' Charity Says

by Jason Gorringe,, London

Thursday, February 16, 2017

A change to UK value-added tax rules to prevent abuse of a concession could result in persons with disabilities incurring additional costs and having to use unsuitable equipment, campaigners have said. Read Full Story


Romanian Court Backs Tax Cut Bill

by Ulrika Lomas,, Brussels

Monday, December 26, 2016

Legislation to eliminate more than 100 taxes and fees in Romania will be sent back to parliament after being backed by the country's constitutional court. Read Full Story


McDonald's To Shift Tax Base To UK

by Ulrika Lomas,, Brussels

Monday, December 12, 2016

McDonald's has confirmed that it is restructuring some of its operations so that it will pay tax on most of its non-US royalties in the United Kingdom instead of in Luxembourg. Read Full Story


Industry Criticizes South Australian Wagering Tax

by Mary Swire,, Hong Kong

Tuesday, June 28, 2016

The Australian Wagering Council has warned that the South Australian Government's proposed place of consumption tax on betting companies is untenable in practice. Read Full Story


Hong Kong Travel Agent Fee Waivers Gazetted

by Mary Swire,, Hong Kong

Monday, May 23, 2016

The Travel Agents (Fee Concessions) Regulation 2016, which seeks to give effect to waivers for 12 months of certain license fees by Hong Kong's travel agents, was gazetted on May 20. Read Full Story


South Korea Extends Duty-Free Shop Licenses

by Mary Swire,, Hong Kong

Friday, April 1, 2016

The South Korean Government has announced that it will extend the term of licenses granted for the operation of local duty-free shops to 10 years, rather than the current five years. Read Full Story


Italy Grants 30 Extra Days For Patent Box Applications

by Ulrika Lomas,, Brussels

Tuesday, March 29, 2016

In a recent circular, the Italian Revenue Agency has agreed an extension of 30 days to the period of time businesses have to complete their applications to take advantage of Italy's "patent box" in its first operational fiscal year. Read Full Story



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