tax breaks News

Korea Enacts 2019 Tax Revision Bill

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

Last updated 46 hours ago | Wednesday, January 15, 2020

The Korean Government has announced that the 2019 Tax Revision Bill was enacted on January 6, 2020, with a number of new measures added to the existing proposals. Read Full Story

EU Approves New Tonnage Tax Schemes

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 31, 2019

The EU has approved under state aid rules the introduction of a tonnage tax scheme in Estonia and the prolongation of a tonnage tax scheme in Cyprus. Read Full Story

German Lawmakers Reject VAT Cut On Rail Fares

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

The upper house of the German parliament, the Bundesrat, has rejected certain tax elements of the Government's climate protection plan, including a reduction in value-added tax on long-distance rail travel. Read Full Story

New Zealand To Remove Low-Value Consignment Relief

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

Monday, November 25, 2019

New Zealand is to introduce GST on low-value goods sold by overseas retailers from December 1, 2019. Read Full Story

Trinidad And Tobago's Budget Focused At Companies

by Mike Godfrey, Tax-News.com, Washington

Tuesday, December 31, 2019

Caribbean territory Trinidad and Tobago announced changes to corporate tax breaks in its 2020 Budget, in which it committed to clear the almost TTD4.5bn (USD664m) in unpaid VAT refunds. Read Full Story

Austria To Introduce New Angel Investor Tax Breaks

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 8, 2019

The European Commission has approved an Austrian tax incentive for mid-sized business financing companies. Read Full Story

Mauritius Gazettes Budget Tax Measures

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, August 8, 2019

Mauritius has published in its Official Gazette legislation to enact measures announced in the territory's latest Budget, contained in The Finance (Miscellaneous Provisions) Act 2019. Read Full Story

Ireland Consults On Future Of Two Tax Reliefs

by Jason Gorringe, Tax-News.com, London

Friday, July 5, 2019

The Irish Government is holding a public consultation on the Special Assignee Relief Programme and the Foreign Earnings Deduction, as part of a broader independent review of the reliefs. Read Full Story

Mauritius Overhauls Tax Regime In 2019-20 Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, June 21, 2019

Mauritius announced a multitude of changes to all areas of its tax regime in its 2019-2020 Budget, including international tax reforms; value-added tax changes; new corporate tax relief measures, including a new patent box regime; a regime for peer-to-peer lending; individual tax breaks; and a tax amnesty scheme. Read Full Story