tax rates News

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

Singapore Targets A More Progressive Tax Regime In 2022 Budget

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

Monday, March 21, 2022

Singapore has announced personal income tax hikes and higher wealth taxes on the territory's wealthiest individuals, as well as plans to ramp up the territory's carbon tax, in its newly released Budget. 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

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

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

Hong Kong, Georgia Tax Deal To Enter Into Force

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

Friday, August 6, 2021

The Hong Kong Government has announced that the comprehensive double tax agreement it signed with Georgia last year will enter into force on July 1. Read Full Story

Hong Kong Issues 2020-21 Tax Returns

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

Tuesday, April 6, 2021

On April 1, 2021, the Hong Kong Inland Revenue Department began issuing profits tax, property tax, and employer's returns for the year of assessment 2020-21. Read Full Story

Hong Kong Adopts Law To Cut Stamp Duty Rates

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

Friday, March 19, 2021

Hong Kong has passed legislation to abolish the doubled ad valorem stamp duty rates applicable to non-residential property transactions with effect from November 26, 2020. Read Full Story

Hong Kong Announces Tax Relief In 2021-22 Budget

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

Wednesday, March 3, 2021

Hong Kong will grant taxpayers a waiver of up to HKD10,000 (USD1,290) of profits tax, salaries tax, and tax under personal assessment, the territory announced in its 2021-22 Budget. Read Full Story

Irish VAT Rate Cut To Be Reversed In March

by Jason Gorringe, Tax-News.com, London

Monday, February 15, 2021

The Irish headline rate of VAT will return to 23 percent from March, having been temporarily reduced in response to the COVID-19 pandemic. Read Full Story

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