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micro business News

Australia To Introduce Tax Breaks For Start-Ups

by Mary Swire,, Hong Kong

Wednesday, March 16, 2016

The Australian Government has introduced legislation to provide concessional tax treatment to investors in start-up companies and improve the tax treatment of Early Stage Venture Capital Limited Partnerships. Read Full Story


UK OTS Recommends Simpler Tax Regime For SMEs

by Robert Lee,, London

Friday, March 4, 2016

The UK's Office of Tax Simplification has published a package of recommendations aimed at making the tax system simpler and easier to use for "micro-businesses." Read Full Story


Irish Revenue Explains Changes To EIIS Tax Incentive

by Jason Gorringe,, London

Monday, October 19, 2015

The Irish Revenue has published an e-brief that explains the changes to the Employment and Investment Incentive announced in the 2015 and 2016 Budgets. Read Full Story


China Improves Small Business Tax Incentives

by Mary Swire,, Hong Kong

Friday, August 21, 2015

China's State Council decided on August 19 to improve and extend the tax breaks available for small and micro enterprises, noting that these firms are the main source of employment and innovative growth in the economy. Read Full Story


Inspector Reports On ATO's Debt Collection Practices

by Mary Swire,, Hong Kong

Monday, July 20, 2015

The Inspector-General of Taxation has recommended that the Australian Taxation Office consider merging its debt and audit areas, and improve decision-making processes and staff training. Read Full Story


SARS Launches Small Business Support Desks

by Lorys Charalambous,, Cyprus

Monday, June 8, 2015

On June 5, South African Revenue Service Commissioner Tom Moyane officially launched the agency's specialized Small Business Support Desks. Read Full Story


Latvia Retains Startup Company Tax Incentive

Tatiana Smolenskaya,, Moscow

Friday, April 3, 2015

The Latvian Parliament, the Saeima, has voted to retain the small business tax relief, and agreed to review the conditions for eligibility shortly. Read Full Story


China Expands Small Business Tax Break

by Mary Swire,, Hong Kong

Monday, March 2, 2015

China's State Council has doubled the threshold for small companies to benefit from a lower corporate tax rate to those with taxable income of up to RMB200,000 (USD32,000), effective from January 1, 2015. Read Full Story


UK Accounting Rules Eased For Small Firms

by Robin Pilgrim,, London

Monday, February 23, 2015

Following the Government's decision to implement the European Union Accounting Directive and maximize the number of companies classified as small businesses, the United Kingdom Financial Reporting Council has issued its proposals to amend accounting rules. Read Full Story


UK Digital Firms Granted Reprieve From EU VAT Changes

by Jason Gorringe,, London

Friday, January 2, 2015

The UK is to permit micro businesses to rely on information from payment processing firms to determine the location of their customers for six months, to ease the burden of complying with new value-added tax rules on digital services effective since January 1. Read Full Story



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