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Bookmark or Share- Cambodia: New law on taxation - KPMG United StatesA new law on taxation (2023)—effective 16 May 2023—consolidates 15 types of existing taxes in Cambodia under one law and was promulgated to complement, provide consistency, and close the gaps of the existing regulations. Significant updates in the new law on taxation relate to: Tax on income; Value added tax (VAT) Specific tax; Public ...
- Tax Laws (Amendment) and Tax Procedures (Amendment) Bills, 2024The Bill also proposes tax exemptions on pension benefits upon retirement and further extends the proposed exemption to withdrawal after 20 years up from the current 15 years. The Tax Procedures (Amendment) Bill, 2024 has introduced amendments relating to tax processes, compliance, and general tax administration.
- California: Budget tax changes enacted - KPMGCalifornia Senate Bill 167 was signed into law by the acting governor on June 27, 2024. The bill makes several tax changes designed to alleviate the 2024-2025 budget shortfall of $27.6 billion and the projected $28.4 deficit for the 2025-2026 budget year.
- Tax Alert: A closer look at the proposed Income Tax Law - KPMGThe concept of preferential tax regimes has been introduced for the first time in the Draft Income Tax Law As per Article 1 of the Draft Income Tax Law, the term “preferential tax regimes” includes regimes that grant tax or non-tax benefits that go beyond the benefits granted by KSA under its domestic laws.
- Qatar's Tax Law and-Regulations - KPMG6 Qatar’s Tax Law and Regulations Section C: Tax Circulars Circulars related to Income Tax Circular No.2 of 2011 – tax retention and WHT requirements Circular No.3 of 2011 - instructions to Ministries and other Government bodies on tax obligations Circular No.14 of 2019 - Transitional provisions to the income tax law
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