Philippines authorities have changed withholding tax rates on payments to Philippines residents for service rendered.
The 2017 tax reform implemented aims to stimulate the domestic economy, achieve fair taxation and rationalize the tax system.
On June 19, 2017, the State Administration of Taxation (SAT) published details of the administrative rules applying to high and new technology enterprises.
The Inland Revenue Authority of Singapore (IRAS) will increase the annual revenue threshold for filing Form C-S.
In an effort to increase tax revenue and improve tax administration, the government of Oman has enacted significant changes to its tax law.
Singapore’s finance minister announced the country’s FY 2017 budget on February 20.
The HMRC, the UK tax authority, published the draft legislation for the Finance Bill 2017, which includes measures to combat tax evasion and avoidance and to support businesses through the tax system.
For assessing the financial year ending in 2017, taxpayers with cumulative related party transactions exceeding S$15,000,000 in audited accounts are required to complete a form for reporting related party transactions.
Hungary announced plans to cut its corporate income tax rate starting in 2017.
China extended its preferential technology advanced service company (TASC) tax treatments to more locations.
Malaysia published its 2017 budget on October 21, 2016.
Among other measures announced in Italy’s budget for 2017, the corporate income tax rate will decrease from 27.5% to 24%.