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Mexico: Fiscal Benefits Relief for the Populations Affected by the Earthquake

(Oct. 20, 2017) In a decree published on October 2, 2017, the Mexican government granted  fiscal benefits to taxpayers who were affected by the September 19, 2017, earthquake in municipalities in the states of Mexico, Guerrero, Morelos, Oaxaca, Puebla, and Tlaxcala, but not in Mexico City. The Secretary of the Treasury, José Antonio Meade, explained that the […]

China: New Law Replacing Pollution Discharge Fee With Environmental Protection Tax

(Feb. 8, 2017) On December 25, 2016, China’s National People’s Congress (NPC) Standing Committee passed the Environmental Protection Tax Law.  When it takes effect on January 1, 2018, the Law will replace the existing pollution discharge fee system with a new environmental protection tax.  (Zhonghua Renmin Gongheguo Huanjing Baohu Shui fa, NPC website (Dec. 25, […]

United Kingdom: Office of Tax Simplification Placed on Statutory Basis

(Dec. 20, 2016) The Office of Tax Simplification, part of Her Majesty’s Treasury, was recently placed on a statutory basis by Part 12 of the Finance Act 2016 (Finance Act 2016, c. 24, Part 12 & Sched. 25, LEGISLATION.GOV.UK), which was brought into force on November 28, 2016, by a recent set of regulations of […]

Cambodia: Draft Financial Management Law Considered

(Nov. 18, 2016) It was reported on November 15, 2016, that a draft Law on Financial Management 2017 is being discussed in the Cambodian National Assembly, with the expectation that legislators will pass the draft document in December and that it will enter into force in January 2017.   (Janice Loke, Cambodia: Draft 2017 Law on […]

Ecuador: New Rules on Amending a Tax Return

(Nov. 16, 2016) Ecuador published a resolution from the national Internal Revenue Service (Servicio de Rentas Internas or SRI) in the country’s official gazette issue of October 31, 2016. The resolution, which was immediately applicable, contained regulations on amending a tax return.   (Gustavo Guerra, Ecuador: Regulations to File Amending Tax Returns, TAX NEWS SERVICE (Nov. […]

Taiwan: VAT on Cross-Border Sale of Digital Services

(Nov. 9, 2016) On September 22, 2016, Taiwan’s Executive Yuan (Cabinet) approved draft legislation to amend the Value-Added Tax Act with regard to cross-border sales of digital services. (You Kang Jin, Taiwan: Draft Bill Passed to Amend VAT Act on Cross-Border Sale of Digital Services, TAX NEWS SERVICE (Sept. 26, 2016), International Bureau of Fiscal […]

Vietnam: Document on Taxation of Uber Services Issued

(Sept. 19, 2016) Vietnam’s Ministry of Finance recently issued a document detailing the tax rules applicable to the car hailing services of Netherlands-based Uber International Holdings B.V. in Vietnam. According to the Ministry, as a foreign establishment without residence offices in the country, Uber is subject to the direct method of tax payment, whereby the […]

Vietnam: Tax Law Amendments Aimed at Improving Conditions for Businesses

(Sept. 12, 2016) In July 2016, the Vietnamese government issued Decree No. 100/2016/ND-CP that revises several tax-related policies. It is designed to help with the implementation of the Amended Tax Law of April 2016, which came into force on July 1. The Decree has a goal of improving conditions for businesses. (New Decree Revises a […]

Azerbaijan: Tax Reform Proposed

(Aug. 31, 2016) On August 4, 2016, the President of Azerbaijan, Ilham Aliyev, issued a decree approving the Basic Principles of the Tax Reform Planned for 2016 and Guidelines for Streamlining Tax Collection. The decree orders the Taxation Ministry to draft, within the next three months, a detailed proposal that would bring current tax legislation […]

China: Measures on Audits of High-Risk Taxpayers

(June 10, 2016) China’s State Administration of Taxation (SAT) issued a set of measures on May 19, 2016, to apply as of July 1, 2016, containing rules on tax audits of “high-risk taxpayers” and on the administration of tax audit cases. (Shiqi Ma, China (People’s Rep.): Rules on Tax Inspection and Administration of Information on […]