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Singapore Anticipated To Hike Carbon Tax In 2022 Price range

by Mary Swire, Tax-Information.com, Hong Kong 20 January 2022 Singapore’s Minister of Finance has stated Singapore will set out plans to hike its carbon tax within the 2022 Price range. The Minister for Finance, Lawrence Wong, was replying to a query posed in parliament on the Authorities’s ongoing consultations

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UK Delays Overhaul To Tax Non-Compliance Penalties

by Jason Gorringe, Tax-Information.com, London 20 January 2022 HM Income and Customs is reforming late-filing and fee penalties to make them fairer and extra constant throughout taxes. The primary stage of those reforms was set to return into impact early this yr. Nevertheless, on January 13, 2022, HMRC postponed the

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UK delays revision to impose penalties for tax non-compliance

UK delays revision to impose penalties for tax non-compliance by Jason Gorringe, Tax-Information.com, London January 20, 2022 HM Income and Customs is reforming penalties for late submitting and late fee to make them fairer and extra constant throughout all taxes. The primary stage of those reforms ought to come into

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Hong Kong is reviewing tax-privileged retirement merchandise

Hong Kong is reviewing tax-privileged retirement merchandise by Mary Swire, Tax-Information.com, Hong Kong January 05, 2022 The Hong Kong authorities have initiated a assessment of two tax-deductible pension merchandise: Qualifying Deferred Annuity Insurance policies (QDAP) and Necessary Provident Fund (MPF) Tax Deductible Voluntary Contributions (TVC). The Insurance coverage Authority (IA),

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Ecuador introduces amnesty and property taxes

Ecuador introduces amnesty and property taxes by Mike Godfrey, Tax-Information.com, Washington January 05, 2022 Legal guidelines have been handed in Ecuador to introduce new taxes on companies and rich people to fund authorities efforts throughout the COVID-19 pandemic. The legislation supplies for a tax on people with belongings much less

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EU Finance Ministers Agree Landmark VAT Charge Rule Adjustments

by Ulrika Lomas, Tax-Information.com, Brussels 05 January 2022 EU finance ministers have agreed an replace to the foundations governing value-added tax charges for items and companies. The foundations will present governments with extra flexibility within the charges they’ll apply and guarantee equal remedy between EU member states. On the

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Hong Kong Reviewing Tax-Privileged Retirement Merchandise

by Mary Swire, Tax-Information.com, Hong Kong 05 January 2022 Authorities in Hong Kong have launched a evaluation into two tax-deductible retirement financial savings merchandise: Qualifying Deferred Annuity Insurance policies (QDAP) and Obligatory Provident Fund (MPF) Tax-Deductible Voluntary Contributions (TVC). The Insurance coverage Authority (IA), the Obligatory Provident Fund Schemes

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