China’s 11th-Hour Tax Reprieve Welcomes Foreign Workers
HONG KONG, China—The Western business community applauded China’s decision to cancel plans to boost taxes on expatriates only hours before they were set to take effect, but the last-minute decision highlighted the country’s hurdles for international companies.
Hong Kong examining tax-privileged retirement products
Hong Kong: Qualifying Deferred Annuity Policies (QDAP) and Mandatory Provident Fund (MPF) Tax-Deductible Voluntary Contributions are two tax-deductible retirement savings products being investigated by Hong Kong authorities (TVC).
Quebec will impose a health tax on unvaccinated Canadians
Residents of the Canadian province of Quebec who have not been vaccinated against Covid-19 will face a health tax.
Officials warn that this year’s tax filing season will be difficult
Officials cautioned on Monday that this year’s tax filing season will be a headache for taxpayers. Because of the Emancipation Day holiday in
Cyprus and Jordan have an income tax treaty
Cyprus approved an income tax treaty with Jordan on December 31, 2021.
IRS gives final monthly child tax credit payment if Congress doesn’t act
The Treasury Department and the Internal Revenue Service (IRS) paid the final monthly child tax credit payment under President Biden’s coronavirus relief statute on Wednesday, as the administration and congressional Democrats fight to prolong the payments.
By spring, the EU will produce documents for implementing the global corporate minimum tax agreement
By spring, the EU will produce documents for implementing the global corporate minimum tax agreement
Commission applauds ECOFIN agreement on new VAT rate guidelines for the EU
The Commission welcomed the decision achieved by EU Finance Ministers at the ECOFIN Council meeting in Brussels on December 7, 2021, to revise the present rules controlling VAT rates for goods and services.
2022 budget expectations: Increased tax advantages on home loan principal and interest
The deduction ceiling under Section 80C was last increased in 2014 (to Rs 1.5 lakh per year), and an upward modification has been long overdue.
Hungary and Estonia blocked the revision of EU code of Conduct for business taxation
According to EU Commissioner Paolo Gentiloni, experts at the EU Council are finalizing a reform of the 1997 Code of Conduct for Member States to prohibit damaging national business tax practices, but Hungary and Estonia are stalling the accord.