Council considers new taxMike Sprague
A reduced rate of Council Tax is payable by sole occupants of houses, and some low-income households are exempt. The rate at which Council Tax is levied is decided by individual local authorities, subject to upper limits fixed by the central government....
The EU Council on December 10, 2024, adopted the proposal on the Faster and Safer Tax Relief of Excess Withholding Taxes (FASTER) Directive, which includes: Common EU digital tax residence certificate Two fast-track procedures complementing the existing standard refund procedure in each...
If travellers carry the purchased duty-free goods out of the country and then bring them back into the country, they shall be subject to the management of imported articles and tax shall be levied or waived according t...
burden of corporations and unincorporated businesses (in particular small and medium-sized enterprises) in Hong Kong, we consider that the income tax burden on individual employees in the middle class subject to the progressive rates should be reduced as well,” said TIHK Council Member Desmond ...
“other input VAT as stipulated by the State Council.” This means that whether the input VAT on loan services can be deducted is still subject to further clarification from the State Council. If no further clarification is provided, allowing the input VAT on loan services to be deductible ...
3. The State Council can formulate special preferential policies for value-added tax: according to the new VAT Law, the State Council can formulate special preferential policies for value-added tax for supporting the development of small and micro enterprises, supporting key industries, encouraging in...
Gulf Cooperation Council (GCC) countries implement new integrated customs tariff Aims to facilitate international trade, reduce trade expenses, and standardize trade documentation Share January 13, 2025 The GCC Customs Union Authority in December 2024 issued the first edition of the GCC Integrated ...
BRUSSELS, March 15 (Xinhua) -- The finance ministers of the European Union (EU) member states agreed on Tuesday on a "general approach" to a new tax that is designed to prevent carbon leakage, the Council of the EU said in a statement. ...
This time around, however, it's anybody's guess how the situation will play out, given the magnitude of revenue needed to balance the cost of tax cuts. Here's what workers might expect if these provisions are enacted: Employees would likely have to pay the tax ...