Taxes – NATURALDEPOSIT

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India to Lobby WTO Against Extension of Ban on Cross-Border E-commerce Taxes

Indian government officials announced on Tuesday (Feb 20) their intention to challenge efforts by the United States and Europe to prolong a global moratorium on tariffs for cross-border e-commerce transactions at an upcoming World Trade Organization (WTO) meeting scheduled for next week. According to officials, India, along with South Africa and Indonesia, is advocating for […]

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China Grapples with Tight Tin Supply as Myanmar Hikes Export Taxes

News

China is facing mounting concerns over its tin supply following Myanmar’s decision to increase taxes on tin exports, exacerbating an already precarious situation for the vital mineral resource. The Economic Planning Commission recently announced a significant development, revealing that Wa State, an autonomous region in Myanmar predominantly controlled by armed ethnic groups, has implemented a

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aerial photography of yangon city in myanmar

Myanmar Imposes Taxes on Overseas Workers, Raising Concerns of Military Support

News

Myanmar has initiated a taxation system targeting Burmese citizens employed abroad, aiming to drive foreign currency influx into the country. This move, however, has raised alarm among employers, fearing the possibility that these taxes might indirectly support the military-led government in Myanmar. Starting in mid-December of the previous year, Myanmar embassies across several Asian nations

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Singapore and Malaysia Gear Up to Raise Consumption Taxes Amid Inflation Concerns

News

In a bid to bolster their financial reserves, countries in Southeast Asia, including Singapore and Malaysia, are poised to implement increased consumption tax rates in early 2024. However, the move has sparked concerns about its impact on inflation and domestic consumption. Singapore is set to elevate its Goods and Services Tax (GST) rate from 8%

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grains and seeds in glass jars and on saucers

Argentina Plans 15% Increase in Export Taxes on Certain Grains Amid Economic Measures

News

Reports indicate that Argentina, under President Javier Milay’s administration, is set to implement a 15% hike in export taxes on select grains, excluding soybeans, as part of a series of economic measures aimed at addressing the country’s ongoing economic crisis. This decision emerged shortly after Argentina’s Economy Minister, Luis Caputo, unveiled a package of economic

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Eurozone Bank Stocks Tumble Following Italy’s Approval of Windfall Taxes

News

The tranquility of Eurozone bank stocks was shattered as Italy’s decision to implement a 40% bank windfall tax in 2023 reverberated through the financial sector. The aftermath of this move has raised significant concerns within a banking industry that had been reveling in record-high profits, all while grappling with the implications of escalating global interest

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China extends tax exemption for new energy vehicles until end of next year

News

China’s Ministry of Finance and Ministry of Industry and Information Technology have announced an extension of the tax exemption on new energy vehicle (NEV) purchases until the end of 2023. The statement said that the above policy will apply to the purchase of certain new energy vehicles in 2023, which are listed in the official

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Investor-Friendly Jurisdictions – 3 Countries to Keep in Mind

Opinion

Rising inflation and super-low interest rates, in some countries even negative interest rates, let the real interest rates slide into the minus, which shrinks the purchasing power of ordinary citizens. Many therefore try their luck in stock markets or crypto markets. Even if the chances of becoming rich are minimal, people want to take the

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Bitcoin Drops Nearly 5% – Colombia Tightens Crypto Regulations

Crypto

Bitcoin price moved in negative territory again today (February 3), plunging 4.88% and hovering at $36,849.7. DIAN, the Colombian tax authority, has announced that it is taking special measures to tighten controls on taxpayers who use cryptocurrencies in transactions. The organization seeks to monitor crypto taxpayers who fail to report or misreport their activities. This

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man touching st patricks day green and golden coins

Crypto Tax Laws in Thailand Clarified, Driving KUB Coin Prices Higher

Crypto

Yesterday (28 Jan), the Thai tax office released an update on its latest tax policy, which focuses more on promoting the crypto market. Now, crypto traders in Thailand are able to subtract the loss rate. This approach to crypto taxation seems to have reassured many Thai traders. This caused the Thai cryptocurrency Bitkub Coin (KUB)

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