The Autumn Budget, released November 22, lowers the United Kingdom’s economic growth forecast as it moves towards Brexit.
On October 31, 2017, Royal Decree No. 647 was published, allowing small and medium-sized enterprises to claim double corporate tax deduction.
Under a bill signed on November 24, 2017, changes to research and development incentives to eligible companies have been made.
Chief Executive Carrie Lam announced on October 11, 2017, that a new corporate tax system will be implemented in 2018.
On October 17, 2017, the State Administration of Taxation released changes in the revision to the withholding tax requirements.
Companies involved in advance technology service activities in certain cities are eligible for a tax incentive.
The State Administration of Taxation recently clarified the scope of expenses that will qualify for the super-deduction for R&D expenses.
A decree was published granting tax incentives to taxpayers with a tax domicile, branch or other establishment located in the zones affected by the September 19 earthquake.
Germany’s Ministry of Finance provided a framework for the tax consequences of related parties using similar company names.
A number of new measures to reduce taxes in several areas were announced by the Premier of China on April 19, 2017.
The Chancellor of the Exchequer, Phillip Hammond, presented his first and last Spring Budget on March 8.
To remain competitive with China, the India Finance Minister, Arun Jaitley, has stated that India will reduce its corporate tax rate from 30% to 25%.