tax reform News

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

EU Committed To Boosting Tax Take From Digital Economy

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 19, 2021

The EU is willing to move ahead with its own proposals on taxing the digital economy if an agreement is not reached at an international level, according to the current EU Council presidency. 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

MEPs Call For EU Carbon Border Adjustment Mechanism

by Ulrika Lomas, Tax-News.com, Brussels

Monday, February 15, 2021

Lawmakers sitting on an EU parliament climate committee have called for the introduction of a carbon border adjustment mechanism. Read Full Story

Hong Kong Provides Tax Concessions For Carried Interest

by Mary Swire, Tax-News.com, 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

Jersey Launches Individual Tax Season

by Jason Gorringe, Tax-News.com, London

Wednesday, January 13, 2021

The Jersey Government has announced that islanders can now file their 2020 tax return and has issued advice to Prior Year Basis (PYB) taxpayers that have been moved to the Current Year Basis (CYB) for paying income tax. Read Full Story

Switzerland, Italy Agree Tax Deal For Frontier Workers

by Ulrika Lomas, Tax-News.com, Brussels

Friday, January 1, 2021

On December 23, 2020, Switzerland and Italy signed a new agreement on the taxation of cross-border commuters and an amendment to their existing double taxation agreement. Read Full Story

Belgium Taken To Task For Three Tax Regime Features

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 10, 2020

The European Commission is undertaking infringement proceedings against Belgium regarding the taxation of shares held by life insurance companies, the taxation of income from savings deposits, and the deductibility of alimony payments. Read Full Story

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