in Tax-News.com: Dutch Ports Appeal Against EU Tax Ruling By www.tax-news.com Published On :: Wed, 30 Mar 2016 00:00:00 GMT The European Commission's ruling directing the Government of the Netherlands to repeal corporate tax exemptions benefiting six seaports will be appealed by the ports in question. Full Article
in Tax-News.com: EFTA Signs FTA With The Philippines By www.tax-news.com Published On :: Thu, 28 Apr 2016 00:00:00 GMT Representatives of the European Free Trade Association - Iceland, Liechtenstein, Norway, and Switzerland - and the Philippines signed a free trade agreement in the Swiss capital of Bern on April 28. Full Article
in Tax-News.com: EFTA States Conclude Georgia FTA, Begin Ecuador Talks By www.tax-news.com Published On :: Mon, 4 Jul 2016 00:00:00 GMT The member states of the European Free Trade Association signed a free trade agreement with Georgia during a meeting on June 27, 2016. Full Article
in Tax-News.com: Hong Kong, Russia DTA Enters Into Force By www.tax-news.com Published On :: Fri, 5 Aug 2016 00:00:00 GMT The comprehensive double taxation agreement between Hong Kong and Russia, which was signed in January this year, entered into force on July 29, 2016, and will be in effect in Hong Kong for any year of assessment beginning on or after April 1, 2017. Full Article
in Tax-News.com: Seychelles Issues Final Ruling On Expenses Deduction By www.tax-news.com Published On :: Thu, 24 Nov 2016 00:00:00 GMT The Seychelles Revenue Commission has issued its final Public Ruling 2016-2 to provide clarity regarding the methodology used to calculate the additional special business tax deduction allowed for marketing and promotion expenditure. Full Article
in Tax-News.com: EFTA Approves Eco Tax Incentives For Norwegian Ships By www.tax-news.com Published On :: Fri, 2 Dec 2016 00:00:00 GMT The European Free Trade Association Surveillance Authority has approved a tax-based state aid scheme aimed at reducing maritime transport pollution in Norway. Full Article
in Tax-News.com: Hong Kong Seeking To Improve Insurance Tax Incentives By www.tax-news.com Published On :: Mon, 6 Mar 2017 00:00:00 GMT The Financial Services Development Council released a report on March 3 on the policies, including tax measures, Hong Kong could adopt to improve its position as an insurance hub, especially in reinsurance, marine insurance, and captives. Full Article
in Tax-News.com: Greek Shipping Firms Unhappy With Tax Regime By www.tax-news.com Published On :: Wed, 6 Sep 2017 00:00:00 GMT Tax regime instability has been cited by Greek shipping companies as a reason why they would consider switching to an alternative jurisdiction, according to a report by EY. Full Article
in Tax-News.com: India To Amend GST Rates On Oil, Gas Industry By www.tax-news.com Published On :: Wed, 11 Oct 2017 00:00:00 GMT India's Goods and Services Tax Council has proposed new GST rates for the oil and gas industry. Full Article
in Tax-News.com: Philippines May Soon Ratify FTA With European States By www.tax-news.com Published On :: Mon, 8 Jan 2018 00:00:00 GMT Having endorsed the deal, the President of the Philippines, Rodrigo Duterte, has forwarded on a bill to ratify the free trade agreement with the European Free Trade Association states to the Senate. Full Article
in Tax-News.com: EC Scrutinizes Tax Breaks For Polish Shipyards By www.tax-news.com Published On :: Mon, 15 Jan 2018 00:00:00 GMT The European Commission has opened an in-depth investigation into a Polish tax scheme for shipyards, which it says could give shipbuilders an unfair competitive advantage over rivals. Full Article
in Tax-News.com: EFTA States, Indonesia Ink Trade Deal By www.tax-news.com Published On :: Fri, 21 Dec 2018 00:00:00 GMT The European Free Trade Association states – Switzerland, Liechtenstein, Norway, and Iceland – and Indonesia have signed a Comprehensive Economic Partnership Agreement (CEPA), which will slash tariffs on a majority of industrial goods. Full Article
in Tax-News.com: Hong Kong Gazettes Tax Breaks For Ship Leasing By www.tax-news.com Published On :: Mon, 27 Jan 2020 00:00:00 GMT The Hong Kong Government has published in the Gazette legislation to provide profits tax concessions to certain ship lessors and ship leasing managers. Full Article
in Super expensive BMW launched in India! Luxury car M8 coupe costs Rs 2.15 crore By www.businesstoday.in Published On :: Fri, 08 May 2020 07:20:03 GMT Both cars come with eight-speed steptronic sport automatic transmission and a host of safety features like six airbags, attentiveness assistance, dynamic stability control, including dynamic traction control, anti-lock braking system and electric parking brake Full Article
in Coronavirus: Indigo implements pay-cuts again after rolling back decision By www.businesstoday.in Published On :: Fri, 08 May 2020 10:14:27 GMT Coronavirus impact: IndiGo CEO Ronojoy Dutta told the employees that they are left with no option but to implement pay-cuts. The airline had earlier rolled back its decision to cut pay Full Article
in Coronavirus: Triple antiviral drug shows positive results in trial By www.businesstoday.in Published On :: Sat, 09 May 2020 04:59:59 GMT The findings, published in the Lancet medical journal, showed that on average, people who got the triple drug reached the point of no detectable virus five days earlier than those in the control group - at 7 days versus 12 days Full Article
in SBI slashes interest rates for fixed deposits; check new rates By www.businesstoday.in Published On :: Sat, 09 May 2020 06:31:14 GMT SBI FD interest rates for senior citizens have been slashed by 20 bps as well. For tenor 7 days to 45 days, State Bank of India has changed the rates from 4 per cent to 3.80 per cent, while it has been changed to 4.80 per cent from 5 per cent for 46 days to 179 days tenor Full Article
in ICICI Bank Q4 earnings today: Key parameters to watch out for By www.businesstoday.in Published On :: Sat, 09 May 2020 07:03:20 GMT Dalal Street expects ICICI Bank to report healthy earnings in Q4 Full Article
in Tax-News.com: Singapore To Give GST Rebate To 880,000 Households By www.tax-news.com Published On :: Tue, 2 Jan 2018 00:00:00 GMT Singapore's Ministry of Finance has announced that about 880,000 Singaporean Housing and Development Board (HDB) households will receive the next installment of the GST Voucher – Utilities-Save (U-Save) rebate in January 2018. Full Article
in Tax-News.com: Cambodia-Singapore Double Tax Deal Effective By www.tax-news.com Published On :: Wed, 3 Jan 2018 00:00:00 GMT Singapore's tax agency has announced that the territory's new double tax avoidance agreement with Cambodia entered into force on December 29, 2017, capping cross-border withholding taxes on trade and investment. Full Article
in Tax-News.com: Singapore Urged To Enhance Tax Offering By www.tax-news.com Published On :: Fri, 5 Jan 2018 00:00:00 GMT Ernst and Young Solutions LLP, Singapore, has released its wish list for the Singapore Budget 2018, calling for reforms to sharpen the territory's competitiveness. Full Article
in Tax-News.com: Singapore To Automatically Exchange Tax Info With 61 States By www.tax-news.com Published On :: Mon, 15 Jan 2018 00:00:00 GMT Singapore has announced that it has activated automatic exchange of information relationships with a total of 61 territories, as part of global efforts to tackle tax evasion and fiscal crime. Full Article
in Tax-News.com: Singapore, Sri Lanka Sign Free Trade Pact By www.tax-news.com Published On :: Fri, 26 Jan 2018 00:00:00 GMT Sri Lanka signed its first ever comprehensive free trade agreement on January 23, with Singapore. Full Article
in Tax-News.com: Singaporean Emitters Seek Progressive Carbon Tax Regime By www.tax-news.com Published On :: Fri, 2 Feb 2018 00:00:00 GMT Singapore is engaging businesses on tweaking the design of its new carbon tax, which is proposed to be in place by 2019. Full Article
in Tax-News.com: Singapore Issues More Automatic Tax Info Exchange Guidance By www.tax-news.com Published On :: Sat, 17 Feb 2018 00:00:00 GMT Singapore's tax agency has made two announcements recently concerning the automatic exchange of information on foreign taxpayers' affairs, on the Common Reporting Standard and the US Foreign Account Tax Compliance Act. Full Article
in Tax-News.com: Singapore Confirms Future GST Hike In Budget By www.tax-news.com Published On :: Tue, 20 Feb 2018 00:00:00 GMT Singapore will hike its seven percent goods and services tax rate to nine percent some time between 2021 and 2025, Singapore's Finance Minister, Heng Swee Keat, announced in the territory's new Budget. Full Article
in Tax-News.com: Singapore Updates Guidance On Transfer Pricing Regime By www.tax-news.com Published On :: Wed, 28 Feb 2018 00:00:00 GMT The Inland Revenue Authority of Singapore on February 23, 2018, released the fifth edition of its Transfer Pricing Guidelines for income tax. Full Article
in Tax-News.com: FATCA Reporting To Start April 16 In Singapore By www.tax-news.com Published On :: Tue, 6 Mar 2018 00:00:00 GMT Financial institutions in Singapore are required to file information required under the US Foreign Account Tax Compliance Act starting April 16 by May 31, 2018. Full Article
in Tax-News.com: Singapore Legislates For IP Tax Concession Reform By www.tax-news.com Published On :: Thu, 17 May 2018 00:00:00 GMT Singapore has gazetted a law to repeal the income tax concession for intellectual property income derived by companies benefiting from the Pioneer Service Companies Incentive or the Development and Expansion Incentive schemes. Full Article
in Tax-News.com: Singaporean Corporate Tax Returns Soon Due By www.tax-news.com Published On :: Fri, 16 Nov 2018 00:00:00 GMT The Inland Revenue Authority of Singapore has issued a reminder to companies that the corporate income tax return filing deadline is either November 30, 2018, for paper returns, or December 15, 2018, for electronically filed returns. Full Article
in Tax-News.com: No Tax Surprises In Singapore's 2019 Budget By www.tax-news.com Published On :: Thu, 14 Mar 2019 00:00:00 GMT Singapore's recently released 2019 Budget included few significant tax announcements except confirmation that Singapore's carbon tax will be levied this year and the goods and services tax will be hiked in the medium term. Full Article
in Tax-News.com: Singapore Now Accepting FATCA Returns By www.tax-news.com Published On :: Mon, 29 Apr 2019 00:00:00 GMT The Inland Revenue Authority of Singapore is now accepting FATCA returns for the 2018 reporting year and has newly released the FATCA paper nil return for 2018. Full Article
in Tax-News.com: Singapore Issues TP Guidance For Commodities Traders By www.tax-news.com Published On :: Wed, 5 Jun 2019 00:00:00 GMT The Inland Revenue Authority of Singapore has released new transfer pricing guidance on determining the economic value of taxpayers' commodity marketing and trading activities in Singapore. Full Article
in Tax-News.com: Singapore To Exempt Virtual Currency Transactions From GST By www.tax-news.com Published On :: Tue, 16 Jul 2019 00:00:00 GMT On July 5, 2019, Singapore's tax agency released a draft guide that includes proposals for more favorable GST rules for virtual currencies. Full Article
in Tax-News.com: Singapore Issues GST Form Instructions For Reverse Charge Supplies By www.tax-news.com Published On :: Thu, 8 Aug 2019 00:00:00 GMT The Inland Revenue Authority of Singapore (IRAS) has released new guidance for GST-registered persons on the completion of new boxes in the GST F5 return from next year. Full Article
in Tax-News.com: Switzerland To Share Taxpayer Data With Hong Kong, Singapore By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT Switzerland's agreements for the automatic exchange of financial account information with Hong Kong and Singapore have entered into force. Full Article
in Tax-News.com: Singapore Updates Guidance On 2020 GST Reverse Charge Change By www.tax-news.com Published On :: Fri, 30 Aug 2019 00:00:00 GMT The Inland Revenue Authority of Singapore has updated its guidance on the introduction from January 1, 2020, of an obligation on Singaporean taxpayers to collect GST on imported services under a reverse charge. Full Article
in Tax-News.com: Singapore Reports On Tax, Compliance Work By www.tax-news.com Published On :: Thu, 5 Sep 2019 00:00:00 GMT The Inland Revenue Authority of Singapore (IRAS) has reported that revenues increased by 4.4 percent in the 2018-2019 fiscal year, in its annual report for the year. Full Article
in Tax-News.com: Singapore Announces Plans For GST Reforms By www.tax-news.com Published On :: Fri, 8 Nov 2019 00:00:00 GMT Singapore is to add provisions to draft legislation to enhance the new GST regime for imported services and clarify new rules for virtual currencies. Full Article
in Tax-News.com: Singapore, Germany Add BEPS Amendments To DTA By www.tax-news.com Published On :: Mon, 16 Dec 2019 00:00:00 GMT Singapore and Germany have signed a protocol to their double taxation agreement, which brings the treaty into line with international standards and amends the maximum withholding tax rates that may be charged. Full Article
in Tax-News.com: TPP Nations Agree To Continue Without US By www.tax-news.com Published On :: Mon, 22 May 2017 00:00:00 GMT The remaining eleven signatories to the Trans Pacific Partnership pact have agreed to seek an accord without the United States. Full Article
in Tax-News.com: China To Probe Dumping Of Styrene by US, Korea, Taiwan By www.tax-news.com Published On :: Tue, 4 Jul 2017 00:00:00 GMT China has made a number of announcements on anti-dumping duty orders, including to launch an investigation into US, Korean, and Taiwanese exports of styrene, which is used to manufacture plastics and resins. Full Article
in Tax-News.com: Malaysia To Introduce Tourism Tax By www.tax-news.com Published On :: Wed, 12 Jul 2017 00:00:00 GMT Malaysia's controversial tourism tax looks set to be introduced on August 1, according to reports. Full Article
in Tax-News.com: TPP11 Explore Plan B Agreement In Japan By www.tax-news.com Published On :: Thu, 13 Jul 2017 00:00:00 GMT Following agreement reached by the remaining signatories to the Trans-Pacific Partnership earlier this year to push ahead following US President Donald Trump's withdrawal of the United States from the pact, Japan has taken the lead with regard to formulating a plan B for the agreement. Full Article
in Tax-News.com: Malaysia Looking At Modernizing Road Tax By www.tax-news.com Published On :: Thu, 20 Jul 2017 00:00:00 GMT Malaysian Transport Minister Liow Tiong Lai revealed on July 19 that the Government is considering introducing a more modern, innovative way of levying road tax. Full Article
in Tax-News.com: Malaysia Hints At Sector Tax Breaks In Upcoming Budget By www.tax-news.com Published On :: Tue, 25 Jul 2017 00:00:00 GMT Malaysia is to use targeted tax breaks to support certain industries in this year's budget and in particular small and medium sized businesses, according to a government minister. Full Article
in Tax-News.com: Malaysia's 2018 Budget Includes Various Tax Relief Changes By www.tax-news.com Published On :: Fri, 3 Nov 2017 00:00:00 GMT The Malaysian Government in its Budget 2018 announced numerous tax changes, including an income tax cut, incentives for women to return to work, and tax relief for property investors and venture capital firms. Full Article
in Tax-News.com: Labuan Urged To Adapt To BEPS By Removing Harmful Tax Offerings By www.tax-news.com Published On :: Wed, 8 Nov 2017 00:00:00 GMT Muhammad bin Ibrahim, the Governor of the Central Bank of Malaysia, has stressed the need for Labuan to review its international tax framework in light of the OECD's work on Action 5 of the base erosion and profit shifting project, on harmful tax practices. Full Article
in Tax-News.com: Australia Seeking To Expand FTA Network By www.tax-news.com Published On :: Fri, 24 Nov 2017 00:00:00 GMT The Australian Government has said that it intends to extend its network of free trade agreements, as part of its new foreign policy agenda. Full Article
in Tax-News.com: Malaysia PM Defends Introduction Of GST By www.tax-news.com Published On :: Mon, 27 Nov 2017 00:00:00 GMT Prime Minister Najib Razak has defended the Government's decision to introduce a goods and services tax, claiming that the levy "saved" Malaysia from the fall in oil prices. Full Article