Library of Congress

Law Library of Congress

The Library of Congress > Law Library > News & Events > Global Legal Monitor

Thailand: New Law on Competitiveness in Targeted Industries

(Mar. 1, 2017) On February 13, 2017, the King of Thailand announced the adoption of the National Competitive Enhancement Act for Targeted Industries, BE 2560 (2017), in the country’s Royal Gazette. (Thailand Waives Corporate Tax in Targeted Industries, THAI LAW FORUM (Feb. 22, 2017); Act to Enhance the Competitiveness of Targeted Industries B.E. 2560, 134:19 RATCHAKITCHANUBEKSA […]

Hungary: Broad Tax Reforms Adopted

(Nov. 28, 2016) The Hungarian Parliament adopted a number of tax reforms on November 22, 2016. The tax package is aimed at enhancing the competitiveness of small and medium enterprises by giving them more incentives, cutting bureaucracy, and combatting the black market.  (Parliament Adopts Tax Package Designed to Cut Red Tape and Provide SME Incentives, […]

Belarus: Further Amendments to Tax Rules

(Nov. 14, 2016) On October 26, 2016, Belarus published amendments to its Tax Code that had been adopted on October 18, 2016, as Law No. 432-Z. (Viktar Strachuk, Belarus: Tax Code Amendments for 2017 – Additional Details, TAX NEWS SERVICE (Nov. 7, 2016), International Bureau of Fiscal Documentation online subscription database (IBFD); Tax Code of […]

Curaçao: Tax Reform Measures

(Oct. 18, 2016) It was reported on October 7, 2016, that the Curaçao government had introduced a number of major tax reform measures, with retroactive effect for some provisions from January 1, 2016; other provisions enter into force on January 1, 2017. (Alfred Krieger, Curaçao: Tax Reform: Main Legislative Changes with Retroactive Effect as per 1 […]

Singapore: Participation in G20 Tax Avoidance Prevention Plan

(June 22, 2016) On June 16, 2016, Singapore announced that it will participate in a tax avoidance prevention plan approved by Group of Twenty (G20) nations that was originally developed by the Organisation for Economic Co-operation and Development (OECD). (Marius Zaharia, Singapore to Join G20 Plan Against Tax Avoidance, JAKARTA GLOBE (June 16, 2016).) A […]

Romania: Publication of Names of Delinquent Taxpayers

(Feb. 17, 2016) Romania’s National Agency for Fiscal Administration recently issued a new procedure for the online publication of lists of taxpayers that have outstanding tax liabilities. According to Order No. 558, the Agency will publish on its website two lists of delinquent taxpayers, one for legal persons and one for individuals.  (Oana Popa, Lists […]

Belarus: Tax Code Amended

(Feb. 12, 2016) On December 30, 2015, Belarus adopted a law amending its Tax Code. The new legislation, Law No. 343-Z, came into effect on January 1, 2016, and made changes to provisions for both corporate and individual tax payers. (Belarus Tax Update 2016, SORAINEN (Jan. 2016); Viktar Strachuk, Belarus: Law Introducing Tax Amendments for […]