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tax breaks News

UK Announces Tax Breaks For Businesses In 2022 Budget

by Jason Gorringe,, London

Monday, November 1, 2021

With the UK corporate tax rate set to rise 25 percent from April 2023, the UK Government has announced various tax proposals that are intended to support businesses and the UK economy, in the newly released 2022 Budget. Read Full Story


China Halves Corporate Tax For Smallest Businesses

by Mary Swire,, Hong Kong

Thursday, April 15, 2021

Chinese authorities have announced enhanced temporary tax breaks for small businesses. Read Full Story


Switzerland Eyeing Tax Regime Improvements

by Ulrika Lomas,, Brussels

Monday, February 8, 2021

A group of experts assessing the Swiss tax regime has drawn up an action plan on improving Switzerland's international tax competitiveness. Read Full Story


Hong Kong Provides Tax Concessions For Carried Interest

by Mary Swire,, Hong Kong

Wednesday, March 3, 2021

The Hong Kong Government has gazetted legislation to provide tax concessions for carried interest distributed by eligible private equity funds operating in Hong Kong. Read Full Story


EU Pressures Italy To End Tax Exemptions For Ports

by Ulrika Lomas,, Brussels

Thursday, December 10, 2020

On December 4, 2020, the European Commission said that Italy must abolish its corporate tax exemptions for ports in order to align its tax regime with EU state aid rules. Read Full Story


Malta Releases 2021 Budget

by Lorys Charalambous,, Cyprus

Monday, November 2, 2020

Malta's 2021 Budget, announced on October 19, 2020, included tax breaks for individuals and an increase to the VAT registration threshold. Read Full Story


Switzerland Prolongs Exemption For COVID-19 Essentials

by Ulrika Lomas,, Brussels

Wednesday, September 9, 2020

The Swiss Government has confirmed it will extend a tax exemption for surface disinfectants in light of COVID-19. Read Full Story


France Launches COVID-19 Tax Settlement Scheme For SMEs

by Ulrika Lomas,, Brussels

Friday, August 21, 2020

France's General Directorate of Public Finance has launched a scheme that allows small companies to request a specific settlement plan for the payment of their taxes. Read Full Story


Ireland Issues Guide On Accelerated Loss Relief For Companies

by Jason Gorringe,, London

Tuesday, August 18, 2020

The Irish Revenue has issued guidance for companies on the temporary acceleration of corporate tax loss relief for accounting periods affected by the COVID-19 pandemic and related restrictions.

Read Full Story


Singapore Launches Consultation On Income Tax Reforms

by Mary Swire,, Hong Kong

Friday, July 24, 2020

Singapore's Ministry of Finance has launched a public consultation on proposed corporate tax and income tax breaks. Read Full Story



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