services News

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

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

Wyden Takes Aim At US Pass-Through Income Tax Break

by Mike Godfrey, Tax-News.com, Washington

Friday, August 6, 2021

Senate Finance Committee Chair Ron Wyden (D-OR) has introduced legislation to overhaul the 20 percent deduction for pass-through income introduced into US tax law in 2017. Read Full Story

Asia-Pac's Tax Take Dropped, Even Before COVID-19: Report

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

Friday, August 6, 2021

Tax revenues fell in 2019 in two-thirds of economies across Asia and the Pacific as a result of an economic slowdown prior to the COVID-19 pandemic, according to a new OECD report. Read Full Story

Thailand Explains New VAT Rules For B2C Electronic Services

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

Friday, August 6, 2021

Thailand's Revenue Department has released new English-language guidance on the value-added tax rules for business-to-consumer supplies of electronic services rendered by non-resident businesses. Read Full Story

Mauritius Announces New Tax Reliefs In 2021-22 Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, August 6, 2021

Mauritius announced numerous tax relief measures for investors and for wealthy foreign individuals in its newly released Budget. Read Full Story

Australian Tax Agency Announces Virtual Currency Tax Focus

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

Wednesday, June 9, 2021

The Australian Taxation Office has expressed its concern that some taxpayers do not fully understand the tax implications of cryptocurrency gains. Read Full Story

Mexico Enacts Outsourcing Tax Law Changes

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 9, 2021

Mexico has recently enacted legislative amendments to various tax laws in a bid to restrict the ability of companies to enter into outsourcing arrangements. Read Full Story

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