Netherlands: MoF publishes an overview of tax changes for 2018
The Ministry of Finance (MoF) provides an overview of the most important tax changes as of January 1, 2018, which were approved by parliament on 19th December 2017. It concerns changes in the field of income tax, payroll tax, gift and inheritance
See MoreBahrain: Cabinet approves draft law regarding excise tax
The Cabinet approved a draft-law on ratifying the Gulf Cooperation Council (GCC) unified selective excise tax on unhealthy drinks on 16th October 2017. The Cabinet has endorsed an excise tax bill that would impose a 100% tax on tobacco products,
See MoreCanada: Federal Govt. announces cannabis tax plan
The federal government proposed a new excise duty framework that imposes duties on cannabis products on November 10, 2017. A Bill C-45 (referred to as the “Cannabis Act”), “an Act respecting cannabis and to amend the Controlled Drugs and
See MoreArgentina: Treasury Minister announces tax reform plan
The Treasury Minister, Nicolas Dujovne, on October 31, 2017, announced a tax reform plan. This proposed tax reform includes tax procedure law, corporate income tax reduction, criminal law, individual income tax, social security contributions,
See MoreKorea: National Assembly set to increase e-cigarette taxes
On 20 October 2017, the Assembly Strategy and Finance Subcommittee of Korea passed a revised bill to increase the excise tax levied on a pack of 20 heat-not-burn (HNB) e-cigarettes sticks to 529 won from the current 126 won. The tax increase will
See MoreIndia: HC declares anti-tobacco Act ultra vires
On 27 October 2017, the Gauhati High Court in a crucial judgment, declared the existing anti-tobacco law in the State as ultra vires. The Court of Justice Ujjal Bhuyan and Paran Phukan struck down the Assam Health (prohibition of manufacturing,
See MorePhilippines: Government seizes illicit cases of cigarettes without tax stamps
According to the Department of Finance (DoF) The Bureau of Internal Revenue (BIR) and the National Bureau of Investigation (NBI) on 16th October 2017 banned hundreds of mastercases of illicit cigarettes in Nueva Ecija. The DoF said, “The warehouse
See MoreNigeria: Alert notice for smokers
The Youth Action on Tobacco Control and Health (YATCH), an NGO, has appreciated the Federal Government’s plan to increase tobacco tax. The Minister of Health, Prof. Isaac Adewole, on October 25, 2017, said that the government might increase the
See MoreRussia: Government proposes to introduce an environmental tax on cigarettes
The Ministry of health of Russia proposed to introduce an environmental tax on cigarettes for manufacturers, according to a draft of the “concept of state policy on combating tobacco consumption for years 2017-2022 and beyond”. This is
See MorePakistan: Ministries of the NHS directs government to make cigarettes inaccessible to the citizens
Recently, the ministries of national health services (NHS) and the finance department have been asked to implement the World Health Organization (WHO) Framework Agreement on Tobacco Control (FCTC) to make cigarettes inaccessible to citizens by
See MoreIreland: Budget for 2018
On 10 October 2017, the Irish government presented details of the Budget 2018. This budget delivers the Government’s long standing target of balancing the books in structural terms next year by reaching the Medium Term Budgetary Objective better
See MoreUAE: Excise tax on tobacco, energy and soft drinks enters into effect
The Ministry of Finance was published the implementing regulations to the Excise Tax Law. This Excise Tax Law regarding production of excise goods in the UAE, import of excise goods in the UAE, release of excise goods from a designated zone and
See MoreCanada: Finance Department announces public consultation on draft tax legislative proposals
The Finance Department released a public consultation on September 8, 2017 regarding draft legislative and regulatory proposals on the Goods and Services Tax/Harmonized Sales Tax (GST/HST) and excise duty as well as income tax. GST/HST and Excise
See MoreIndia: Government removes additional excise duty on tobacco, cigarettes under GST
After the GST implementation in India, the finance ministry has removed an additional excise duty on tobacco, pan masala and cigarettes with effect from 1 July 2017. The revenue department also withdraws the central excise notification dated
See MoreTanzania: 2017 Budget effective from July 1, 2017
The Minister for Finance and Planning (MoFP) on 8 June 2017, issued to the National Assembly the estimates of government revenue and expenditure for 2017. The government plans to organise and spend TZS 31,712.0 billion in the 2017/18 budget. The
See MoreUAE: Excise tax to be implemented by the end of 2017
The Finance Ministry of the United Arab Emirates (UAE) on 10th of May 2017 arranged a briefing session in respect of the new Excise Tax Law. Implementation of the UAE Excise Tax Law follows the Gulf Cooperation Council (GCC) Ministers of Finance
See MoreBangladesh: Budget 2017-18
On 1 June 2017, the Finance Minister Mr. Abul Maal Abdul Muhith presented the annual national budget of an outlay of TK 4 trillion for the fiscal year 2017-18. In the proposed budget, the finance minister has targeted a GDP growth rate of 7.4 per
See MoreAustralia: Federal Budget 2017-18
On 9 May 2017, the Treasurer of Australia handed down Budget 2017-18. The Government is focused on boosting the economy and helping households, to ensure all Australians can benefit from the nation’s growth story. This Budget is based on the
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