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

Greek Shipowners Agree Extra Tax Payments

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, July 4, 2017

The Greek shipping industry has agreed to renew a tax agreement under which shipping companies pay additional tax to the Government. Read Full Story

Hong Kong Seeking To Improve Insurance Tax Incentives

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

Monday, March 6, 2017

The Financial Services Development Council released a report on March 3 on the policies, including tax measures, Hong Kong could adopt to improve its position as an insurance hub, especially in reinsurance, marine insurance, and captives. Read Full Story

South Africa Consults On Diesel Fuel Tax Refund Overhaul

Lorys Charalambous, Tax-News.com, Cyprus

Thursday, February 16, 2017

The South African National Treasury has issued a discussion paper on a new diesel tax refund system, reviewing its administration and addressing anomalies related to its qualifying activities and beneficiaries. Read Full Story

EFTA Approves Eco Tax Incentives For Norwegian Ships

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 2, 2016

The European Free Trade Association Surveillance Authority has approved a tax-based state aid scheme aimed at reducing maritime transport pollution in Norway. Read Full Story

Seychelles Issues Final Ruling On Expenses Deduction

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, November 24, 2016

The Seychelles Revenue Commission has issued its final Public Ruling 2016-2 to provide clarity regarding the methodology used to calculate the additional special business tax deduction allowed for marketing and promotion expenditure. Read Full Story

EFTA Approves Norwegian Tonnage Tax Extension

by Ulrika Lomas, Tax-News.com, Brussels

Monday, November 14, 2016

The European Free Trade Association Surveillance Authority has approved a six-month extension of the current Norwegian special tax system for shipping under the area's state aid rules. Read Full Story

Hong Kong, Russia DTA Enters Into Force

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

Friday, August 5, 2016

The comprehensive double taxation agreement between Hong Kong and Russia, which was signed in January this year, entered into force on July 29, 2016, and will be in effect in Hong Kong for any year of assessment beginning on or after April 1, 2017. Read Full Story

EFTA States Conclude Georgia FTA, Begin Ecuador Talks

by Ulrika Lomas, Tax-News.com, Brussels

Monday, July 4, 2016

The member states of the European Free Trade Association signed a free trade agreement with Georgia during a meeting on June 27, 2016. Read Full Story

Norway's Tax Refunds For Ship Owners Approved

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 29, 2016

The European Free Trade Association Surveillance Authority has approved a Norwegian state aid scheme which grants tax refunds to ship owners. Read Full Story

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