Tax - VAT

Recent Articles

•  

  23.11.2023

  United Kingdom

  Autumn Statement 2023 – Key tax announcements

  The Chancellor opened his speech with a statement that, “Our plan for the British economy is working, but the work is not done”.  Consistent, perhaps, with the tone of that message, yesterday’s announcements offered few real surprises, with the headline measures – on NI changes and full expensing – already widely anticipated.A summary of the key announcements follows.Tax measures for individuals (employees & self-employed)National Insurance Contributions (NICs) ratesIn relation to NICs, the Chancellor has announced the following.The main rate of Class 1 National...

  Read more
•  

  24.10.2023

  Belgium

  Tax regularisation procedure to end on 31 December 2023: what is next?

  NL FR

  On 31 December 2023, Belgium will end the Unique Liberation Declaration quater (ULD quater) procedure, the latest of a series of temporary regularisation procedures in recent years that allow Belgian resident taxpayers who have not declared certain income to regularise their tax situation. As this deadline approaches, questions are being asked about the prospects for taxpayers wishing to regularise their assets after this date.Situation until 31 December 2023ULD quater allows taxpayers to voluntarily regularise their tax-barred assets in exchange for payment of a flat-rate tax of 40% on the assets...

  Read more
•  

  06.09.2023

  China

  Chinese Tax Regulation Update | August 2023

  The State Administration of Taxation (“SAT”), together with other governmental authorities at central level, has promulgated a series of regulations that extend the validity period of various preferential tax policies for the following years till 31 December 2027 in August. We have picked below certain renewed policies that may be relevant to the companies’ routine business. Digest of renewal of preferential Individual Income Tax (“IIT”) policies regarding certain benefits granted to foreigners (i.e., Announcement 29 jointly released by the Ministry of Finance (“MOF”)...

  Read more
•  

  12.06.2023

  China

  Chinese Tax Regulation Update | April & May 2023

  The latest development in China Tax Regulation mainly includes:SAT Announcement [2023] No. 9Please click here to read the full article.

  Read more
•  

  12.04.2023

  Middle East

  UAE Corporate Tax: Small Business Relief Criteria

  BackgroundThe UAE issued its landmark Corporate Tax Law in December 2022 (Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses). The Corporate Tax Law applies with effect from 1 June 2023.The Corporate Tax Law provides a framework whereby small businesses who qualify as Resident Persons may elect to be treated as not having any taxable income for a tax period and therefore would pay zero corporation tax for that period (the “Small Business Relief”). However the Corporate Tax Law did not specify the criteria that Resident Persons would need to meet in order...

  Read more
•  

  12.04.2023

  China

  Chinese Tax Regulation Update | March 2023

  The latest development in China Tax Regulation mainly includes:Announcement [2023] No. 6 jointly released by the Ministry of Finance (“MOF”) and the State Administration of Taxation (“SAT”), SAT Announcement [2023] No. 5, SAT Announcement [2023] No. 6Announcement [2023] No. 7 jointly released by the MOF and the SATAnnouncement [2023] No. 25 jointly released by the General Administration of Customs, the MOF and the SATPlease click here to read the full article.

  Read more