OECD: Measuring the Effective Taxation of Housing
An OECD Working Paper published on 14 January 2022 is entitled Measuring Effective Taxation of Housing: Building the Foundations for Policy Reform. The working paper looks at 40 countries in the OECD and its partner economies and considers the
See MoreNigeria: Reduction of taxes on transfer of property
The Lagos State Governor has issued Executive Order No. EO/BRF/001 of 2015 on 5th January 2015, which decreases taxes on transfer of property in Lagos. This order decreases the fees and charges payable for processing Governor's consent in respect of
See MoreUruguay: Tax exemption for income regarding some investments
A new law permits a freedom from tax for income regarding certain investments. Ley N° 19.289 offers an income tax exemption for particular taxpayers according to the purchase or construction of fixed assets, given that some conditions are
See MoreEgypt: Modifies Property Tax Law
Recently Egypt has modified their property tax law also introducing new exemptions and removing a provision by which an individual was taxed on the total amount of residential property they owned. Residential properties worth up to USD280, 000 are
See MoreTaiwan: Committee approves Luxury Tax on residential properties
The Finance Committee of Taiwan’s legislature has given its approval to amendments of the luxury tax imposed on residential property. The luxury tax imposes a 15 percent tax on the sale price of property sold less than one year after it was
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