On September 27th 2016, as according to the official website of the Administration for Quality Supervision, Inspection and Quarantine of the PRC (AQSIQ), the Chinese government ended the ban on Italian pork meat, which had already been lasting for 17 years.
China reduces the rate of the consumption tax on cosmetic products as part of a thirteenth five-year plan, approved by the PRC government, which aims to stimulate domestic spending and stir growth. A good sign for imported cosmetic brands.
Even the UAE will have their Federal Tax Authority (AFC). The decree establishing the new institution was issued at the end of October and in 90 days the new Authority will be ready to start.
On October 11, 2016 the Irish Minister for Finance, Mr. Michael Noonan, announced his Budget. One of the notable tax changes is the reduction of the USC rates, €335m have been allocated for this particular purpose.
UK residential properties owned indirectly through offshore structures will no longer be excluded from the charge to IHT (inheritance tax). This will apply whether the overseas structure is owned by an individual or a trust.