Global Tax Updates

Discussions on increasing *tax* on banks are underway, with some arguing that lenders can easily afford to pay more *tax*. Meanwhile, there are calls to lower the value-added *tax* from 12 percent to 10 percent to reduce prices on taxable goods and services. For property developers, maximizing the *GST* margin scheme can significantly improve residential development returns when acquisition structures and *GST* history align. Other updates include changes to *GST* rules and refunds, with some countries considering reforms to their *tax* systems. Key points to consider include:
- *GST* margin scheme strategies for property developers
- Changes to *GST* rules and refunds
- Discussions on increasing *tax* on banks and lowering value-added *tax*
- Reforms to *tax* systems in various countries