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luxury tax News




China Hikes Tax On Luxury Car Imports

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

Friday, December 2, 2016

In an effort to "guide reasonable consumption and promote energy conservation," China's State Council has approved a consumption tax on the retail value of ultra-luxury imported cars, such as Ferrari and Rolls-Royce cars. Read Full Story

 


China Cuts Consumption Tax On Cosmetics

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

Wednesday, October 5, 2016

To boost domestic sales and economic growth, China's State Council has approved the elimination or reduction of consumption tax on cosmetic products. Read Full Story

 


India To Form GST Council, To Decide On GST Rate

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

Wednesday, September 14, 2016

With the Constitutional Amendment Bill to introduce goods and services tax now ratified, the Indian Government has announced the formation of the GST Council, which will meet for the first time on September 22. Read Full Story

 


Taiwan's Outgoing Property Tax Revenue Disappoints

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

Tuesday, December 29, 2015

Taiwan's luxury tax on the sale of properties, which is to be replaced by a new property capital gains tax from January 1, 2016, has failed to yield the expected revenue since it was imposed in June 2011. Read Full Story

 


Indian Firms Discuss Tax Reform Direction

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

Monday, October 5, 2015

India should aim for a 20 percent corporate tax rate, strengthen dispute resolution mechanisms, and issue more guidance on the proposed goods and services tax, the Confederation of Indian Industry has said. Read Full Story

 


Taiwan To Hike CGT On Short-Term Property Purchases

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

Friday, August 28, 2015

Taiwan's National Taxation Bureau has confirmed that the present luxury tax on the sale of properties will be cancelled on the same date as a new property capital gains tax comes into operation. Read Full Story

 


Vietnam Revises Vehicle Purchase Tax

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

Friday, August 21, 2015

The Government of Vietnam has announced a new tax policy designed to encourage more sales of vehicles with small engines, while increasing the cost of gas-guzzling larger cars. Read Full Story

 


Greece's Third Bailout Measures Agreed

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, August 18, 2015

Greek lawmakers and European Union finance ministers have signed off on a third bailout deal, including a diverse range of tax increases and commitments to curtail spending. Read Full Story

 


Europe's 'Final Deal' For Greece Released

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 29, 2015

The European Commission on June 28, 2015, released information on the current negotiating position of the European Commission, the European Central Bank, and the International Monetary Fund, in its ongoing talks on tax and spending policy with Greece, after the Greek Government announced a referendum on the country's future in the EU on the same day. Read Full Story

 


Indonesia Confirms Luxury Tax Cuts

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

Friday, June 12, 2015

The Indonesian Finance Minister, Bambang Brodjonegoro, has confirmed that the Government will shortly remove luxury goods tax from all goods, including electronic and high-end branded consumer items, except for cars and aircraft. Read Full Story

 

 

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