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International Tax »

Singapore Extends No-Filing Tax Service

More taxpayers will have their income pre-filled on returns or will benefit from the No-Filing Service this tax filing year, the Inland Revenue Authority of Singapore has said. Continue Reading »

International Law »

Greece's Syriza Government Favors VAT Cuts

Greece's Finance Minister, Yanis Varoufakis, has expanded on the Government's objectives on value-added tax reform, saying that the Government would ideally slash the 23 percent rate to as low as 15 percent. Continue Reading »


Politics & Economics »

IMF Welcomes New GST For Malaysia

The International Monetary Fund has welcomed the imminent introduction of a goods and services tax in Malaysia but has urged authorities to gradually increase the rate. Continue Reading »

Offshore »

Australian Miners Critical Of Labor's Thin Cap Plans

The Minerals Council of Australia has warned against international tax proposals, including changes to thin capitalization rules, that have been put forward by the Opposition in Australia. Continue Reading »


Business »

China Centralizes Export Tax Rebates

In a notice issued on March 3, China's State Council clarified that the central Government will take over full responsibility for paying export tax rebates, with retrospective effect to January 1, 2015. Continue Reading »

E-Commerce »

China, South Korea Initial FTA

On February 25, 2015, China and South Korea initialed the text of their free trade agreement, negotiations towards which began in May 2012 and were completed in November last year during a meeting in Beijing. Continue Reading »


Aviation »

WTO To Hear EU-Washington State Tax Dispute

The World Trade Organization's Dispute Settlement Body established a panel on February 23, 2015, to study a complaint by the European Union against the United States over alleged tax incentives for the manufacturing of large commercial aircraft. Continue Reading »

Marine »

Singapore Extends Maritime Tax Incentives

In his 2015 budget speech, Singapore's Finance Minister, Tharman Shanmugaratnam, announced support for Singapore as an international maritime hub by extending the Maritime Sector Incentive. Continue Reading »

World Budget News and Information

 

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