Philippines authorities have changed withholding tax rates on payments to Philippines residents for service rendered.
On October 4, 2017, the Internal Revenue Service provided relief to residents of Puerto Rico and the US Virgin Islands who evacuated or could not return because of Hurricane Irma or Hurricane Maria.
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.
The UK has a longstanding tax exemption for the first £30,000 of non-contractual termination payments, or “payments in lieu of notice.”
The bill implementing the diverted profits tax (DPT) has been passed by the Australian Parliament.
The sweeping changes that were proposed to both the corporate tax and individual income tax regimes will enter force on January 1, 2015
The tax will take the form of an increased income tax band with a rate of 30%, applied to individuals with annual incomes exceeding RUB12 million
A recent development in Germany prompts us to provide a short primer on a tax peculiarity in Europe.