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.
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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: Guernsey Considering New VAT To Solve Financial Woes
Guernsey lawmakers are to discuss the possibility of introducing a value-added tax system, at a debate scheduled for September 2021, it has been announced.
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: EU Announces DAC7, Review Of Corporate Tax Code Of Conduct
p>The European Commission has announced plans for a new Directive on Administrative Cooperation, on the exchange of information on online platforms‘ sales, and a new Communication on Tax Good Governance.
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: Bahamas Announces COVID-19 Tax Reliefs
The Bahamas Department of Inland Revenue has announced a Tax Credit and Tax Deferral Employment Retention Programme, which will benefit businesses with an annual turnover of BSD3m (USD3m) or more and a minimum of 25 non-executive employees.
Lowtax.net News: Luxembourg Announces COVID-19 Tax Support Measures
On March 17, 2020, Luxembourg’s Ministry of Finance announced the relaxation of certain tax payment deadlines for companies and self-employed individuals affected by the coronavirus outbreak.
Lowtax.net News: Barbados Introduces Indirect Tax Changes
Starting May 1, 2019, Barbados introduced a new obligation on foreign suppliers to charge VAT on supplies to consumers in Barbados.