Lugano Commodity Trading Association’s Post

Since the beginning of 2020, as a result of both the restrictions of COVID-19 and changes in tax policy, the total number of gambling halls in Latvia has decreased by 28%. In order to ensure a certain amount of state budget expenditures, it is planned to increase the annual gambling tax rate for gambling machines and tables by 20%. LSBA opposes the increase of gambling taxes and fees without reviewing the total tax burden and without providing a solution to reduce the illegal market cap.

See below a selection of 'Belgian Dentist' Euro government bonds which give a yield up to 4% and no taxes to be payed (except for the TOB - stock exchange tax 0,12%). As stated before the selection criteria are: ⏺ Euro government bonds ⏺ the issue price is above 100 so that no withholding tax (RV) has to be paid ⏺ the current price is under pari so below 100 implying a positive yield when maturing ⏺ nul coupon so no taxes on the coupon ⏺ expiry date is not so far in the future ⏺ yield is above 3% and almost reaching 4% Six euro government bonds meet this criteria. See the ISIN codes below. Next post where to acquire them.

As of fiscal year 2024, a new definition of residence of natural persons for income tax purposes applies in Italy. A few comments (in Italian) on the subject are made in the newly published article, written by myself together with Claudio Quartana, included in No. 3/2024 of "Fiscalità & commercio internazionale" - IPSOA.

Amended Sections 16(3) and 16(4) of IGST Act are effective from October 01, 2023, introducing significant changes for suppliers of zero-rated supplies. The default option is now supplying under LUT without tax payment, with the government authorized to notify categories permitted for IGST payment and refund route. The latest notification, No.01/2023, permits tax payment for all exports, barring specific items. Currently, no clarity for supplies to SEZ units/developers with payment of IGST. #GST #TaxUpdate #FinanceAct"

RM70b is the current number to Islamic Frozen assets. Will the implementation of inheritance tax reduce or increase this number? Example given is Samsung inheritance. True it will benefit the government. But will the inheritance tax be implemented for T20s only or blanket for all? #liveinabubbleyet

Bawumia Speaks: The new policies that I am proposing to implement in 2025 will give us the fiscal space to eliminate some taxes such as the VAT on electricity (if still on the books), the emissions tax and the betting tax without compromising our deficit target. #BawumiaSpeaks

In July 2023, additional leniency on exemption criteria has been introduced since the imposition of tax on remittance of foreign-sourced income in January 2022. Gain insights on the present exemption regime for foreign sourced income and all of the recent developments. Find out more>> https://bit.ly/3qiV9QS Thenesh Kannaa

In a consultation at Institute of Economic Growth, had a great conversation on the tobacco taxation in India, in particular on the issue of price elasticity of different products and its implication for future tobacco tax measures. #tobaccocontrol #publichealth #tobaccotax

Rule 26 of the Income Tax Rules, 1962 has been amended by CBDT on 17th August 2023. According to the revised rules, in the case of deduction of tax at source on income payable in foreign currency, to a Unit located in IFSC or by a Unit located in IFSC to an assessee in India, the rate of exchange shall be the telegraphic transfer buying rate (as adopted by SBI) as on date of deduction of tax.

The manifestos have been released. Youcef Toumi summarises the Conservatives and Labour's comments (or the lack of them) on capital gains tax and advises what to consider doing now: https://lnkd.in/eWiGubS9 #capitalgainstax #cgt #cgtrates #labourmanifesto #conservativesmanifesto