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Nepal is drafting a new single tax code "to implement tax policy improvements and to consolidate and harmonize the main domestic taxes under one piece of legislation," according to the International Monetary Fund. Read Full Story
On March 26, Carrie Lam was elected Hong Kong's new chief executive, with a promise that she would pursue a "new tax policy direction" in the territory. Read Full Story
Slovakia should tackle value-added tax and corporate tax evasion, the International Monetary Fund has said. Read Full Story
Belgium should reduce its high corporate income and labor taxes and eliminate value-added tax concessions, the International Monetary Fund has said in its Article IV report for the country. Read Full Story
Belize has rejected International Monetary Fund recommendations to raise taxes across the board in favor of more selective reforms that it says will be less punitive to the country's businesses and poorest citizens. Read Full Story
Members of the European Parliament have said that Germany's planned road toll scheme for private cars would breach EU law by discriminating against foreign drivers. Read Full Story
Spain could make its tax system more efficient by scrapping income tax exemptions and by increasing value-added tax and environmental taxes, a new report from the OECD says. Read Full Story
Hungary should improve tax administration and cut back on the number of tax exemptions, the International Monetary Fund has said. Read Full Story
The UK Budget, released on March 9, 2017, featured tax measures to, among other things, hike taxes on self-employed workers, further close avenues for legal avoidance, and defer mandatory digital tax reporting until April 2019. Read Full Story
The South African Revenue Service has issued an interpretation note on the deduction provided for energy-efficiency savings in Section 12L of the Income Tax Act. Read Full Story
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