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Taiwan: Proposed Amendments to Tobacco and Alcohol Tax

(Mar. 20, 2017) The Finance Committee and the Social Welfare and Environmental Health Committees of Taiwan’s Legislative Yuan (the main parliamentary body) approved a draft amendment to the Tobacco and Alcohol Tax Act on March 13, 2017. (You Kang Yin, Taiwan: Draft Amendment to Tobacco and Alcohol Tax Law – Released, TAX NEWS SERVICE (Mar. […]

Andorra: Tax Crimes to Be Introduced

(Mar. 17, 2017) Andorra’s government submitted draft legislation to the General Council (the country’s parliament) on March 1, 2017, to introduce tax crimes into the Andorran Criminal Code for the first time. (Jose María Alfin, Andorra: Government Submits Draft Bill for Introducing Tax Crimes to Criminal Code, TAX NEWS SERVICE (Mar. 13, 2017), International Bureau […]

Japan: Adoption of Grandchild in Order to Save on Inheritance Tax Can Be Valid

(Feb. 23, 2017) Japan’s Supreme Court decided, on January 31, 2017, that adoption of a grandchild can be valid even if the main purpose of the adoption is to save part of the heirs’ inheritance tax upon the grandparent’s death.  (Heisei 28 (ju) 1255, S. Ct. (Jan. 31, 2017), COURTS IN JAPAN (click on 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, […]

Brazil: New Law Taxes Online Audio and Video Streaming Services

(Jan. 10, 2017) A complementary law enacted on December 29, 2016, by the Brazilian federal government amended the services tax law (Imposto sobre Serviços de Qualquer Natureza, ISS, Lei Complementar No. 116, de 31 de Julho de 2003, PLANALTO) to allow for the taxation of online audio and video streaming services at a minimum rate […]

Brazil: New Regulations to Curb Tax Evasion and Money Laundering

(Jan. 9, 2017) The Brazilian Internal Revenue Service (Secretaria da Receita Federal do Brazil, RFB) enacted three normative instructions on December 28 and 29, 2016, designed to standardize the sharing of information with other countries and to facilitate the identification of the “final beneficiaries” of companies for the purpose of curbing tax evasion and money […]

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 […]

Hungary: Broad Tax Reforms Adopted

(Nov. 28, 2016) The Hungarian Parliament adopted a number of tax reforms on November 22, 2016. The tax package is aimed at enhancing the competitiveness of small and medium enterprises by giving them more incentives, cutting bureaucracy, and combatting the black market.  (Parliament Adopts Tax Package Designed to Cut Red Tape and Provide SME Incentives, […]