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luxury tax News

Taiwan Approves Massive Property Tax Hike

by Mary Swire,, Hong Kong

Friday, June 5, 2015

Taiwan's legislature has approved government plans to introduce a new capital gains tax with a top rate of 45 percent to curb property market speculation and surging real estate prices. Read Full Story


Indonesia To Ease Luxury Goods Tax

by Mary Swire,, Hong Kong

Thursday, June 4, 2015

The Indonesian Government is due to amend the country's luxury goods tax, with several popular consumer items expected to become newly exempt from the tax. Read Full Story


Taiwan Hikes Proposed Property CGT Rates

by Mary Swire,, Hong Kong

Thursday, May 14, 2015

Taiwan's Cabinet, the Executive Yuan, has approved details of the new capital gains tax on property sales with a proposed top rate of 45 percent if the sale occurs within one year of purchase, rather than the 35 percent rate that had been previously mooted. Read Full Story


India's Lower House Passes Key Law For GST

by Mary Swire,, Hong Kong

Thursday, May 7, 2015

In a major step towards the adoption of goods and services tax in India, the lower house of Parliament on May 6, 2015, passed the Constitutional Amendment Bill to enable states to levy the GST on services. Read Full Story


Taiwan Announces Property Tax Reforms

by Mary Swire, Tax-News,com Hong Kong

Tuesday, February 17, 2015

While its details are still being worked out, the Ministry of Finance has disclosed a tax reform plan that would consolidate housing and land taxes in Taiwan, and also impose a much higher rate on foreign individuals or companies with real estate in the country. Read Full Story


Taiwan's Luxury Tax Extended To Industrial Land

by Mary Swire,, Hong Kong

Tuesday, December 30, 2014

Taiwan's Legislative Yuan has passed a change to the special goods and services sales tax (also known as the luxury tax) so as to include industrial land in the tax base, in a effort to broaden the effort to reduce short-term real estate speculation. Read Full Story


Venezuelan President Enacts Tax Increases

by Mike Godfrey,, Washington

Monday, November 24, 2014

Venezuelan President Nicolas Maduro approved a number of tax increases on November 18, 2014, in a bid to boost Government revenues. Read Full Story


Dominican Republic To Tax Internet-Bought Goods

by Mike Godfrey,, Washington

Tuesday, August 12, 2014

The Dominican Republic is to subject previously exempt low-value imported goods, purchased online, to value-added tax, luxury tax, and import taxes, from August 15, 2014, after the Customs Authority's decision to revoke the de minimis rule. Read Full Story


Taiwan Plans Further Property Tax Reforms

by Mary Swire,, Hong Kong

Tuesday, July 8, 2014

At a recent conference at Academia Sinica in Taipei, Premier Jiang Yi-huah disclosed that Taiwan's Government is to propose a reform of capital gains tax on property, based upon actual market prices rather than, much lower, local assessed values. Read Full Story


Taiwan Considers Reducing Luxury Tax On Yachts

by Mary Swire,, Hong Kong

Wednesday, June 4, 2014

Following a ministerial meeting to discuss the development of Taiwan's yacht industry, Executive Yuan spokesperson Sun Lih-chyun has indicated that a luxury tax cut for yachts is under consideration. Read Full Story



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