With the in -depth advancement of high -level opening up and building the "Belt and Road" initiative, cross -border business activities in Chinese enterprises have gradually increased, and participation in international competition and cooperation gradually deepen.In order to better serve the new pattern of opening up to the outside world, the Taxation Bureau of the Chaoyang District of Beijing giving full play to the role of taxation functions and summing up the tax information related to "going global" enterprises to help enterprises understand the latest international tax dynamics, effectively avoid, prevent and prevent and prevent, prevent and prevent and prevent and prevent them.Responsive overseas tax risks, and make positive contributions to optimizing the business environment, promoting smooth trade, and convenient investment.
Luxembourg plans to implement a new one
Income tax reduction policy
Luxembourg; tax reduction and exemption
Luxembourg announced that it would reduce corporate income tax rates.
Since 2025, Luxembourg’s corporate income tax rate will be reduced from 17%to 16%.Enterprises with a taxable income of less than 175,000 euros, the preferential tax rates applied will also reduce one percentage points, that is, the applicable tax rate is 14%.By 2025, the overall standard tax burden of Luxembourg enterprises will be reduced from 24.94%in 2024 to 23.87%.
This tax reduction proposal is part of the Luxembourg tax reform plan. In addition, the Luxembourg government will also implement an inclusive tax reduction policy for all personal income tax taxes, and implement targeted tax preferential tax policies for type 1A taxpayers.And the minimum wage received by non -technical workers received by class taxpayers is exempt from personal income tax.
The Luxembourg government also announced that in response to the bonus obtained by individuals under 30 years of age, 75%of personal income tax is reduced, and new tax credits have been implemented for overtime wages obtained by cross -border staff.
In addition, the income of foreign technicians who move to Luxembourg’s work will not exceed 400,000 euros, and will enjoy 50%of personal income tax reduction discounts.
Finally, the Luxembourg government announced that starting from 2025, the subscription tax is exempt from active management exchanges trading funds (ETF).
Source: Wolters Kluwork Global Tax Research Information Library
Li Cunji (translated) of the International Tax Management Section
Russia improves mineral mining tax
Russia; mineral mining tax
Russia’s Duma Third Reading has passed a revision of a tax law to increase the mineral mining tax of iron ore, fertilizer, coal and diamonds.
The revision increased the mineral mining tax rate of iron ore from 4.8%to 6.7%, which was much higher than the previous expected 5.5%.
According to this revision, Russia will also levy 10%of the surcharges on gold transactions per ounce of $ 1,900, and increase the price tax rate of diamonds and other gems and half gems from 8%to 8.4%.
In addition, the calculation formula and coefficient of ore mining tax for phosphorus, phosphorusite, phosphorusite, phosphorus ore and potassium salt have been adjusted, and the purchase of natural gas for ammonia for ammonia will also be levied for new consumption tax.
The amendment will take effect from 2025.
Source: Wolters Kluwork Global Tax Research Information Library
Jiao Lin (translated)
Denmark plans to reduce taxes for startups
Denmark; tax reduction and exemption
The Danish government issued a proposal, proposed a number of tax reduction measures to support startups and entrepreneurs.
For companies that are not listed, the dividend payable to shareholders only requires tax taxes when selling related shares.
The starting point of the 42%tax rate of the stock income tax will be increased from 61,000 Dan Dupin to 80,000 Dan Dunke ($ 11,500); the stock income tax rate below this levy point is 27%.
The Danish government has also proposed a more flexible first public offering rules; the maximum deduction of the transfer loss has been increased from 9.5 million Dan Demon to 20 million Dan Yingkelang;Essence
In addition, the proposal also recommends a special plan for researchers and high -skilled talents to work in Denmark, which allows individuals to pay taxes at a fixed tax rate of 32.84%within seven years.The proposal proposes to be at least 60,000 Dan Yingkelang individuals will be eligible to enjoy the plan, which is lower than the current monthly salary standard of 75,100 Dan Yingkelang.Jaipur Wealth Management
The Danish government also proposed the upper limit of the R & D tax debt from RMB 25 million to 35 million Dan Ying Crown.
The proposal is only released in Danish, including 41 taxes and non -tax measures. To implement it, it must be approved by the legislators first.Agra Stock
Source: Wolters Kluwork Global Tax Research Information Library
Eighth Taxation Xuxi (translated)
Uganda released 2024-25 fiscal budget case
Clarify a number of tax preferential policies
Uganda; fiscal budget case
Ugandan announced a new tax preferential tax preferential policy for electric vehicles in the fiscal budget issued on June 13.
The budget announced that VAT and electric vehicles that sold or assemble local manufacturing or assemblies in Uganda in Uganda.In addition, charging facilities and related services will also be included in the scope of duty -free.
Companies engaged in the manufacturing or assembly of electric vehicles, batteries or electric vehicle charging equipment will enjoy income tax reduction.
In addition, taxpayers who establish medical institutions or hospitals will enjoy income tax reduction.
The budget is clear that the Ugandan government will also levy 10%of pre -tax taxes on payment service providers and "fintech agent" commissions.
The budget also mentioned that taxable products or services provided by employees to employees will start taxes from the next fiscal year.
According to the budget, the share of the venture capital fund regulated by the sale of equity or the sale of the capital market will enjoy the reduction of capital profit tax and exemption.
In the end, the Ugandan government announced that the validity period of the pardon of tax pardon was extended to the end of 2024.The Uganda government said that if the taxpayer pays the taxes that owe the tax arrears from June 30, 2023, the taxpayer will be paid from June 30, 2023.
Source: Wolters Kluwork Global Tax Research Information Library
Chen Jiaying (translated)
India announced a number of tax cuts
India; taxation reform
India announced on the 2024-25 financial budget issued by India on July 23, 2024 to 25 years.
The fiscal budget further announced several new policies for the capital gains tax system and personal income tax system.
In terms of capital gains tax, India has announced that it will levy a 20%profit tax tax on the short -term income of certain financial assets.The long -term returns of all financial and non -financial assets will be levied at a tax rate of 12.5%.Holding a listed financial assets for more than a year can enjoy a long -term income low tax rate of 12.5%. Non -listed financial assets enjoy a long -term income low tax rate for more than two years.
The tax rates of non -listed bonds and bonds, bond -type common funds and market -linked bonds remain unchanged.
Capital taxation tax exemption has been increased to 125,000 rupees (about $ 1,500) per year, and an angel investment tax will be abolished.
The fiscal budget clarifies several personal income tax reduction measures, including new tax rates, as follows:
○ The income does not exceed 300,000 rupees, and it will be exempt from personal income tax;
○ More than 300,000 rupees, no more than 700,000 rupees, the applicable tax rate is 5%;
○ More than 700,000 rupees and no more than 1 million rupees, the applicable tax rate is 10%;
○ More than 1 million rupees, no more than 1.2 million rupees, the applicable tax rate is 15%;
○ The application of more than 1.2 million rupees and no more than 1.5 million rupees, the applicable tax rate is 20%;
○ The applied tax rate of more than 1.5 million rupees is 30%.
At the same time, the standard deduction of paid employees will rise from 50,000 rupees to 75,000 rupees.
The fiscal budget also confirmed that if the taxpayer’s taxable income reaches or exceeds 5 million rupees, the tax authorities can only re -evaluate the taxpayer’s taxpayer obligations three years later, and can only re -evaluate within five years after the end of the year.Mumbai Wealth Management
The amount of appeals related to direct taxes, consumption taxes and service tax in the High Court, Supreme Court and Court has increased to 6 million rupees, 20 million rupees and 50 million rupees, respectively.
Finally, the Indian government stated that it will seek simplify direct and indirect tax systems in the next six months. Specific measures include the structure of rationalized commodity service tax and tariff system, and conduct a comprehensive review of the income tax law.
Source: Wolters Kluwork Global Tax Research Information Library
Source: Beijing Chaoyang Tax
Jaipur Stock