Library of Congress

Law Library of Congress

The Library of Congress > Law Library > News & Events > Global Legal Monitor

Romania: Publication of Names of Delinquent Taxpayers

(Feb. 17, 2016) Romania’s National Agency for Fiscal Administration recently issued a new procedure for the online publication of lists of taxpayers that have outstanding tax liabilities. According to Order No. 558, the Agency will publish on its website two lists of delinquent taxpayers, one for legal persons and one for individuals.  (Oana Popa, Lists […]

Belarus: Tax Code Amended

(Feb. 12, 2016) On December 30, 2015, Belarus adopted a law amending its Tax Code. The new legislation, Law No. 343-Z, came into effect on January 1, 2016, and made changes to provisions for both corporate and individual tax payers. (Belarus Tax Update 2016, SORAINEN (Jan. 2016); Viktar Strachuk, Belarus: Law Introducing Tax Amendments for […]

Cambodia: Changes in Corporate Taxation Regime

(Jan. 25, 2016) The assignment of a tax regime to each taxpaying business in Cambodia is based on the Law on Taxation, which originally stated that tax on profit will be assessed “according to [either] the real regime, simplified regime, or estimated regime system of taxation” and that “[t]he rules and procedures for the assignment […]

Italy: New Legislation on Cooperation Between Taxpayers and Tax Authorities

(Oct. 1, 2015) On September 2, 2015, new legislation on taxation entered into effect in Italy. (Legislative Decree No. 128 of August 5, 2015, Provisions on Legal Certainty in the Relationship Between the Treasury and the Taxpayer, Pursuant to Articles 5, 6 and 8, Paragraph 2, of Law No. 23 of March 11, 2014 [L. D. […]

Zambia: Mines and Minerals Bill and Related Income Tax Amendment Bill Tabled in Parliament

(July 8, 2015) On June 25, 2015, Zambia’s Minister of Mines, Energy and Water Development submitted the Mines and Minerals Development Bill, 2015 to the National Assembly (parliament) for a first reading. (Pamela Chitulang’oma, Zambia: Mines and Minerals Development Bill Presented to Parliament, TAX NEWS SERVICE (June 30, 2015), International Bureau of Fiscal Documentation online […]

Indonesia: Extended Tax Holiday for Some Corporations Proposed

(July 6, 2015) Indonesia’s government is planning to revise the country’s corporate tax structure next month. The changes will amend the tax holiday regulation and are designed to encourage investment and economic growth. (Esther Samboh & Anggi M. Lubis, Govt to Expand Corporate Tax Discounts, JAKARTA POST (June 29, 2015).) Under the new rules being […]

Italy: New Legislation Against Public Corruption and Organized Crime

(June 25, 2015) On June 14, 2015, new legislation fighting criminal conduct against the state, organized crime activities, and false accounting reporting entered into effect in Italy. (Law No. 69 of May 6, 2015, Provisions on Crimes Against the Public Administration, Mafia-Type Associations and False Accounting, GAZETTA UFFICIALE No. 124 (May 30, 2015), NORMATTIVA (in […]

Belarus: Edict Establishes Rules for Forex Companies

(June 15, 2015) A presidential edict was issued on June 4, 2015, that outlines policy for foreign exchange companies in Belarus. According to Edict No. 231, which will come into effect in about nine months, only legal persons registered in Belarus and listed as forex companies with capital of at least BYR2 billion (about US$129,000), […]

Maldives: Procedure for Business Tax Exemption for Ships and Aircraft

(May 15, 2015) The Maldives Inland Revenue Authority issued a tax ruling on May 3, 2015, that outlines the procedure to be followed for owners or charterers of ships or aircraft when they apply for exemptions from business profit tax. (Aiman Ibrahim, Maldives Government Issues Procedure to Exempt Business Profit Tax, TAX NEWS SERVICE (May […]

China: Tax Incentives for Encouraged Industries in Western Regions

(Mar. 24, 2015) On March 10, 2015, China’s State Administration of Taxation (SAT) issued a clarification of corporate income tax issues in connection with the Catalog of Encouraged Industries in Western Regions. The SAT clarification applies retroactively from October 1, 2014, the date when the Catalog entered into force. (Shiqi Ma, Tax Incentives for Western […]