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Tax-News.com: Singaporean Emitters Seek Progressive Carbon Tax Regime

Singapore is engaging businesses on tweaking the design of its new carbon tax, which is proposed to be in place by 2019.




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Tax-News.com: Singapore Issues More Automatic Tax Info Exchange Guidance

Singapore's tax agency has made two announcements recently concerning the automatic exchange of information on foreign taxpayers' affairs, on the Common Reporting Standard and the US Foreign Account Tax Compliance Act.




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Tax-News.com: Singapore Confirms Future GST Hike In Budget

Singapore will hike its seven percent goods and services tax rate to nine percent some time between 2021 and 2025, Singapore's Finance Minister, Heng Swee Keat, announced in the territory's new Budget.




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Tax-News.com: Singapore Updates Guidance On Transfer Pricing Regime

The Inland Revenue Authority of Singapore on February 23, 2018, released the fifth edition of its Transfer Pricing Guidelines for income tax.




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Tax-News.com: FATCA Reporting To Start April 16 In Singapore

Financial institutions in Singapore are required to file information required under the US Foreign Account Tax Compliance Act starting April 16 by May 31, 2018.




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Tax-News.com: Singapore Legislates For IP Tax Concession Reform

Singapore has gazetted a law to repeal the income tax concession for intellectual property income derived by companies benefiting from the Pioneer Service Companies Incentive or the Development and Expansion Incentive schemes.




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Tax-News.com: Singaporean Corporate Tax Returns Soon Due

The Inland Revenue Authority of Singapore has issued a reminder to companies that the corporate income tax return filing deadline is either November 30, 2018, for paper returns, or December 15, 2018, for electronically filed returns.




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Tax-News.com: No Tax Surprises In Singapore's 2019 Budget

Singapore's recently released 2019 Budget included few significant tax announcements except confirmation that Singapore's carbon tax will be levied this year and the goods and services tax will be hiked in the medium term.




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Tax-News.com: Singapore Now Accepting FATCA Returns

The Inland Revenue Authority of Singapore is now accepting FATCA returns for the 2018 reporting year and has newly released the FATCA paper nil return for 2018.




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Tax-News.com: Singapore Issues TP Guidance For Commodities Traders

The Inland Revenue Authority of Singapore has released new transfer pricing guidance on determining the economic value of taxpayers' commodity marketing and trading activities in Singapore.




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Tax-News.com: Singapore To Exempt Virtual Currency Transactions From GST

On July 5, 2019, Singapore's tax agency released a draft guide that includes proposals for more favorable GST rules for virtual currencies.




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Tax-News.com: Singapore Issues GST Form Instructions For Reverse Charge Supplies

The Inland Revenue Authority of Singapore (IRAS) has released new guidance for GST-registered persons on the completion of new boxes in the GST F5 return from next year.




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Tax-News.com: Switzerland To Share Taxpayer Data With Hong Kong, Singapore

Switzerland's agreements for the automatic exchange of financial account information with Hong Kong and Singapore have entered into force.




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Tax-News.com: Singapore Updates Guidance On 2020 GST Reverse Charge Change

The Inland Revenue Authority of Singapore has updated its guidance on the introduction from January 1, 2020, of an obligation on Singaporean taxpayers to collect GST on imported services under a reverse charge.




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Tax-News.com: Singapore Reports On Tax, Compliance Work

The Inland Revenue Authority of Singapore (IRAS) has reported that revenues increased by 4.4 percent in the 2018-2019 fiscal year, in its annual report for the year.




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Tax-News.com: Singapore Announces Plans For GST Reforms

Singapore is to add provisions to draft legislation to enhance the new GST regime for imported services and clarify new rules for virtual currencies.




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Tax-News.com: Singapore, Germany Add BEPS Amendments To DTA

Singapore and Germany have signed a protocol to their double taxation agreement, which brings the treaty into line with international standards and amends the maximum withholding tax rates that may be charged.




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Coronavirus lockdown: Cash crunch? Don't sell your mutual funds, take a loan against it!

When you approach a lender for loan against mutual fund, it fixes a loan-to-value (LTV) ratio against it. It varies from one lender to another as per risk involved in the MF scheme and regulatory caps fixed by the RBI




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Tax-News.com: Hungary Announces Tax Cut Plan

On May 31, 2019, the Hungarian Ministry of Finance announced numerous tax cuts as part of an economic growth plan.




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Tax-News.com: Hungarian Lawmakers To Decide On Tax Cuts Plan

Hungary's 2020 Budget law is before parliament for approval. Most tax-related proposals would become effective from the start of 2020.




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Tax-News.com: US Senators Urge 'Fairness' Change To Capital Gains Tax Calculations

A group of 21 Republican members of the US Senate have signed a letter to the Treasury Secretary urging him to amend how capital gains tax liability is calculated.




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Tax-News.com: Hungarian Government Submits Tax Bill

On November 12, 2019, Hungary's Ministry of Finance announced that it has submitted to parliament the seventh and final part of its Economic Action Plan, which includes various tax measures.




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Survey: Does Gallows Humor Among Physicians Encourage Accusations of Murder and Euthanasia?

Nearly three quarters of the sample reported having been "humorously" accused of promoting death; for example, being called "Dr. Death," in a recent survey of palliative care medicine practitioners.




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Dengue Death Toll in West Bengal Now Stands at 12: Health Service Director

Dengue fever is a mosquito-borne tropical disease caused by the dengue virus. The death toll from dengue fever in West Bengal has gone up to 12, reported an official.




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Death Toll Due to Dengue Reaches 17 in West Bengal

The number of dengue cases in West Bengal since January 2016 now stands at 2,870, revealed a senior health department official. With two more deaths,




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Nanoparticle Effectively Vaccinates Mice Against Dengue Fever

New type of nanoparticle developed by scientists effectively vaccinated mice against dengue virus. The findings of the study published in PLOS Neglected Tropical Diseases.




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Investigating New Antibodies To Identify Individuals at Risk of Dengue

New information obtained using an original mathematical and statistical analysis method could help identify individuals at risk of dengue infection, according




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Dengue Virus Immunity may Offer Protection Against Zika Symptoms

In children, previous infection with dengue virus was found to protect them from symptomatic Zika, according to a study published in the open-access journal




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Parkinson's Patients can Overcome Negative Thoughts and Fight Depression

Highlights: Cognitive behavioral therapy helps Parkinson's patients overcome negative thoughts About 50% of P




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Gardening can Boost Your Body Image Amid COVID-19 Lockdown

Highlights: Gardening can help you love and appreciate your own body Being close to nature and spending mo




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Tax-News.com: British Columbia Announces Tax Breaks For Gas Investors

British Columbia is to offer a provincial sales tax exemption to a proposed new liquefied natural gas project.




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Tax-News.com: Most Europeans Want Tougher Action Against Tax Fraud

Three-quarters of Europeans want the European Union to do more to tackle tax evasion, according to a new survey by Eurobarometer.




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Tax-News.com: HMRC Warns Against Use Of New CGT Avoidance Scheme

UK tax authority HM Revenue and Customs has said that it is aware of a new tax avoidance scheme that attempts to exploit Entrepreneurs' Relief by turning what would be income into a capital gain.




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Tax-News.com: New Cypriot E-Payment Obligation From June 2018

Cyprus's Department of Taxation said recently that it will accept only electronic payment for the main tax heads from June 1, 2018.




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Investigational Drug to Prevent Heart Disease May Treat Ovarian Cancer

Ovarian cancer cells become detached from their point of origin and shift using fats as an energy source, according to Benjamin Bitler, PhD, and CU Cancer




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Rotavirus Vaccine May Protect Children Against COVID-19

Scientists are exploring rotavirus to develop a vaccine that will protect children against COVID-19. As the COVID-19 pandemic continues its global spread, vaccine development is on everyone's mind.




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BCG Vaccine May Not Protect Against COVID-19: WHO

BCG vaccine may not prevent infection with the novel coronavirus, according to the World Health Organization (WHO). The WHO therefore didn't recommend




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Diabetes Drugs Protect Against Serious Kidney Problems

Sodium glucose cotransporter 2 (SGLT2) inhibitors which are primarily used to treat type 2 diabetes were found to lower the risk of serious kidney problems, revealed study published in The BMJ.




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Tax-News.com: Mauritius Gazettes Budget Tax Measures

Mauritius has published in its Official Gazette legislation to enact measures announced in the territory's latest Budget, contained in The Finance (Miscellaneous Provisions) Act 2019.




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Tax-News.com: US Considers Retaliation Against French Digital Services Tax

The United States may impose additional duties of up to 100 percent on certain French products in retaliation for France's digital services tax, which a newly published report by the US Trade Representative has concluded discriminates against certain US companies.




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Tax-News.com: EU VAT Gap Release Falls Ahead Of New Anti-Fraud Action

The European Union value-added tax gap – the overall difference between expected VAT revenue and actual EU member state collections – was EUR152bn in 2015, says the European Commission, highlighting the need for further reforms to tackle avoidance, error, and evasion.




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Tax-News.com: Hong Kong Gazettes BEPS, Profits Tax Bills

Hong Kong published two bills in its Official Gazette on December 29 to introduce provisions to counter base erosion and profit shifting and to alter its business tax regime.




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Tax-News.com: Hong Kong Gazettes Tax-Cutting Budget Bill

On March 9 Hong Kong's Inland Revenue Department gazetted the Inland Revenue (Amendment) Bill 2018, containing measures worth HKD30bn (USD3.82bn) announced in the Budget.




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Tax-News.com: Switzerland To Share Taxpayer Data With Hong Kong, Singapore

Switzerland's agreements for the automatic exchange of financial account information with Hong Kong and Singapore have entered into force.




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Tax-News.com: Hong Kong Gazettes Tax Breaks For Ship Leasing

The Hong Kong Government has published in the Gazette legislation to provide profits tax concessions to certain ship lessors and ship leasing managers.




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Tax-News.com: US Taxpayer Body Argues Against Steel, Aluminum Tariffs

The National Taxpayers Union has called upon the US Department of Commerce to halt its investigation into steel and aluminum imports, claiming that imposing tariffs would be "an economically inefficient solution to a narrow problem."




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Novel Treatment Strategy Developed Against MERS

Highlights: A new treatment strategy against MERS has been developed It uses drugs that regulate a cellular/




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Tax-News.com: Airbnb Says UK Tax Probe Could Result In Litigation

Airbnb has disclosed that it has been contacted by HM Revenue and Customs regarding the application of tax laws or regulations impacting the company's business, adding that some matters "may result in litigation".




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Tax-News.com: Netherlands Announces Tax Measures To Mitigate COVID-19

The Dutch Government will allow taxpayers to defer payments of certain taxes under a new package of coronavirus economic relief measures.




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Tax-News.com: EU Takes Action Against Spain Over Rules On Reporting Of Assets

The European Commission is taking Spain to the Court of Justice over the imposition of "disproportionate" sanctions for failure to report assets held abroad.