The Bahamas intends to lower the value-added tax rate from 12 percent to 10 percent, the territory announced in its supplementary 2021/22 Budget, released on October 27.
Lowtax.net News: Malta Announces Individual Tax Reliefs In 2022 Budget
Malta’s recently released 2022 Budget includes measures to support low-income workers and those working part-time or overtime, to improve the supply of affordable housing, and to introduce a new concessionary tax regime for artists and performers.
Lowtax.net News: Bahamas Announces Various VAT Changes In New Budget
The Bahamas Government has announced various changes to its value-added tax regime in its new Budget, focusing on the real estate sector, including for sharing economy platforms.
Lowtax.net News: Cayman Rules Out New Taxes In Response To COVID-19
The Government of the Cayman Islands has ruled out the introduction of direct taxes or new indirect taxes in response to the COVID-19 pandemic.
Lowtax.net News: COVID-19: EU Approves Cypriot VAT Deferral Scheme
The European Commission has approved under the Temporary State Aid Framework a Cypriot aid scheme allowing for the deferral of VAT payments by companies affected by the coronavirus pandemic.
Lowtax.net News: Bermuda Issues Guidance On Payroll Tax Changes
Bermuda has issued guidance on calculating payroll tax for the period April 1, 2020, to March 31, 2021.
Lowtax.net News: Isle of Man To Update Taxpayer Codes After Personal Allowance Change
The Isle of Man’s Income Tax Division has said it is to issue new 2020/21 tax codes to employers.
Lowtax.net News: Bermuda Discusses Rental Tax Proposal, Tax Data Exchange
Bermuda’s Government has stated that proposals for a rental income tax, detailed in a pre-budget report, were released as part of a consultation exercise and that the proposal for the levy has not been confirmed or formally announced. A decision on whether to include the measure in the Budget will be revealed when it is presented to parliament on February 22, 2019, it said.
Lowtax.net News: Trinidad And Tobago Confirms Property Tax In 2019 Budget
Trinidad and Tobago has confirmed that it will introduce a property tax next year, in the territory’s newly released annual Budget.
Lowtax.net News: Jersey’s 2018 Budget Now Law
Jersey’s 2018 Budget provisions have been enacted, in Finance (2018 Budget) (Jersey) Law 2018.