Mexico: Budget for 2013 has been approved
Congress has approved the Budget for 2013 and published in the Official Gazette on 13 December 2012. In new budget some changes has approved: The corporate income tax rate it will reduce to 29% as from 2014 but 4.9% income tax withholding rate will
See MoreColombian Congress Approves Tax Reform
New Colombian tax rules have come into effect from 1 January 2013. Purpose behind this tax reform was to decrease the country’s unemployment rate and address society’s high wealth differences. The reforms have decreased the corporate income tax
See MoreNew Tax Reform Bill for Greece
On 14 December 2012, the Greek government submitted draft legislation to parliament to simplify the tax system. According to the new bill people earning more than 42,000 Euros ($55,000) per year will now be taxed at a new top rate of 42 percent
See MoreMexico’s 2013 Revenue Decree Postpones Corporate Rate Cut
It was reported on 19 December 2012 that the first Federal Revenue Decree issued by the Mexican government to cover its operations in 2013 includes, in particular, a delay to the proposed cut in corporate income tax. The Decree, which was published
See MoreVietnam to Cut Corporate Tax Rates in 2014
It was reported on 17 December 2012 that the Ministry of Finance is to place a draft bill before the National Assembly early next year, which would make changes to Vietnam’s corporate income tax code, including a cut in tax rates from 2014. The
See MoreLower Corporate Taxes Committed by the South Korean Government
The Finance Ministry of South Korea agreed to the government’s long-standing plan to reduce corporate taxes from next year. The government is expected to lower the rate of corporate tax on businesses from the current 22% to 20% for a taxable
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