Search Results for: Polish

THE DECISION of the Polish government to build a 1,200-kilometre-long fence along the country’s eastern border as a tool to fight African Swine Fever (ASF) by blocking the migration of infected wild boars has been condemned as too-little-too-late by Poland’s meat sector.…

THE ORGANISERS of Italy’s premier beauty trade fair, Cosmoprof Worldwide Bologna, are claiming a record number of visitors and international buyers attending this year’s 51st edition of the event from March 15-19. Exceeding the 250,000 visitors from last year’s Cosmoprof, attending foreign buyers, distributors and retail representatives grew 11% in 2018, year-on-year.…

THE DECISION of the European Commission not to propose a harmonised European Union (EU) approach for excise duty on e-cigarettes and other novel tobacco products has been welcomed by the tobacco sector for avoiding punitive taxation on a nascent segment.

But should such rules ultimately be introduced the tobacco sector may not oppose them if they reflect the lower health risks involved in consuming such products by enabling lower excise duty bands.…

THE EUROPEAN confectionery industry will later this year face hard evidence about the veracity of claims that certain brands sell lower quality products in eastern Europe than they do in the richer west. These claims – dismissed by many manufacturers as urban myths – are widely believed in eastern Europe, promoting the European Commission to act and set up a testing system.…

PROTECTIONISM and currency problems are posing challenges for north Africa’s beauty and personal care market, often forcing consumers to change their purchasing behaviour and turn to locally manufactured products, when they are available.

In Egypt, the region’s most populous country, the fall in value of the local currency, the Egyptian pound, against the Euro, has helped increase the price of imported products.…

THE HONG Kong financial secretary has proposed a 75% reduction of profits tax, salaries tax and tax under personal assessment for the 2017-18 assessment year, up to Hong Kong dollars HKD30,000 (USD3,820) per case. In his annual budget speech, Paul Chan also proposed widening tax bands, adding one more (HKD150,000 to HKD200,000); adjusting marginal tax rates for salaries tax; introducing a personal disability allowance; increasing basic, additional child allowances, dependent parent/grandparent allowance and additional allowance.…

THE EUROPEAN confectionery industry will later this year face hard evidence about the veracity of claims that certain brands sell lower quality products in eastern Europe than they do in the richer west. These claims – dismissed by many manufacturers as urban myths – are widely believed in eastern Europe, promoting the European Commission to act and set up a testing system.…

CONSUMERS do not like sales tax, and they are particularly sensitive to tax-based price increases when new taxes are introduced. So, it is maybe no surprise that personal care product sales in the Middle East have been dampened by the introduction of value added tax (VAT) in both Saudi Arabia and the United Arab Emirates (UAE) in January 2018, inflating beauty product prices.…

ACCA is pressing for clarification on some key outstanding issues regarding Britain’s impending departure from the European Union (EU), as the European Commission consults on a draft withdrawal agreement released on February 28.

Of key interest to Chas Roy–Chowdhury, ACCA’s head of taxation, is the length of time that the European Court of Justice (ECJ) will retain jurisdiction over elements of British tax law, following the UK’s planned departure date on March 29, next year (2019).…

Efforts to safeguard the security of supply of gas to the European Union (EU) and its countries are gathering pace after recent EU regulatory changes. Gas transmission system operators (TSOs) are now developing a new, collaborative system for managing supply crises.…