marine News

Singapore Confirms Future GST Hike In Budget

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

Tuesday, February 20, 2018

Singapore will hike its seven percent goods and services tax rate to nine percent some time between 2021 and 2025, Singapore's Finance Minister, Heng Swee Keat, announced in the territory's new Budget. Read Full Story

European, African States To Review Free Trade Agreement

by Ulrika Lomas, Tax-News.com, Brussels

Friday, February 16, 2018

The European Free Trade Association states (Iceland, Liechtenstein, Norway, and Switzerland), and the South African Customs Union have begun negotiations to review their existing free trade agreement. Read Full Story

EC Scrutinizes Tax Breaks For Polish Shipyards

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 15, 2018

The European Commission has opened an in-depth investigation into a Polish tax scheme for shipyards, which it says could give shipbuilders an unfair competitive advantage over rivals. Read Full Story

Philippines May Soon Ratify FTA With European States

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

Monday, January 8, 2018

Having endorsed the deal, the President of the Philippines, Rodrigo Duterte, has forwarded on a bill to ratify the free trade agreement with the European Free Trade Association states to the Senate. Read Full Story

Maltese Tonnage Tax Scheme Approved By EU

by Jason Gorringe, Tax-News.com, London

Wednesday, December 20, 2017

Malta's tonnage tax scheme has been conditionally approved for a period of 10 years by the European Commission under EU state aid rules. Read Full Story

India To Amend GST Rates On Oil, Gas Industry

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

Wednesday, October 11, 2017

India's Goods and Services Tax Council has proposed new GST rates for the oil and gas industry. Read Full Story

Norway's Reelected Conservatives Pledge Tax Cuts

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, September 14, 2017

Norway's reelected Conservative Prime Minister, Erna Solberg, has pledged tax cuts for companies to encourage higher investment, job creation, and economic growth. Read Full Story

Greek Shipping Firms Unhappy With Tax Regime

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, September 6, 2017

Tax regime instability has been cited by Greek shipping companies as a reason why they would consider switching to an alternative jurisdiction, according to a report by EY. Read Full Story

EU Expected To Adopt New Fuel Marker To Prevent Fraud

by Ulrika Lomas, Tax-News.com, Brussels

Monday, July 24, 2017

New chemical markers intended to be used in gas oil (diesel) and kerosene in the EU are more resilient to fraud than the one currently applied, and introducing a new marker might cost less than member states currently lose in tax revenues, a new EU report says. Read Full Story