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Guernsey To Delay Tax Reform Debate To Explore Corporate Tax Options

by Jason Gorringe, Tax-News.com, London

Friday, April 29, 2022

The Guernsey Government on April 26, 2022, announced that a parliamentary debate on tax reform, scheduled for July, will now be delayed until the end of the year, to allow time for consideration of corporate tax options. Earlier, Guernsey's Policy and Resources Committee proposed that the territory could implement a goods and services tax to buoy the territory's finances. Read Full Story

 


OECD Releases E-Commerce VAT Toolkit For Asia-Pac States

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 21, 2022

On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities. Read Full Story

 


IRAS Updates GST Guidance On Impending Media Sales Changes

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

Wednesday, January 5, 2022

The Inland Revenue Authority of Singapore has released an update to its goods and services tax guide for the advertising industry. Read Full Story

 


EU Finance Ministers Agree Landmark VAT Rate Rule Changes

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 5, 2022

EU finance ministers have agreed an update to the rules governing value-added tax rates for goods and services. Read Full Story

 


Singapore Gazettes Legislation For 2021 Budget Changes

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

Tuesday, November 23, 2021

The Income Tax (Amendment) Bill 2021 was published in Singapore's Official Gazette on November 16, 2021, following approval earlier by Singapore's President. Read Full Story

 


Indonesian Lawmakers Approve Tax Reform Plans

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

Monday, October 18, 2021

Indonesia's lower house of parliament has signed off on a bill that provides for a two-stage hike to the headline value-added tax rate, the cancellation of a planned corporate tax cut, and the introduction of a new top rate of personal income tax. Read Full Story

 


Singapore To Implement Budget 2021 GST Reforms Unchanged

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

Monday, November 1, 2021

Following a consultation exercise, the Inland Revenue Authority of Singapore has said the territory intends to go ahead with various important goods and services tax regime changes without accepting amendments proposed by stakeholders. Read Full Story

 


US Lawmakers Approve New Cryptoassets Reporting Rules

by Mike Godfrey, Tax-News.com, Washington

Wednesday, August 25, 2021

The US Senate has approved the inclusion of new provisions in the bipartisan infrastructure bill to require intermediaries involved in cryptocurrency trading to report details about transactions. Read Full Story

 


Indonesia To Shoulder Retailers' VAT On Rental Costs

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

Tuesday, August 10, 2021

The Indonesian Government has legislated to shoulder the value-added tax liability of retail businesses on rent and service charges due between August and October 2021. Read Full Story

 


Mexico Publishes Second Report On Industry-Average Tax Burdens

by Mike Godfrey, Tax-News.com, Washington

Friday, August 6, 2021

On August 1, 2021, Mexico's federal tax authority released a second report on the effective corporate tax paid by large businesses in various economic sectors. Read Full Story

 

 

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