Business : Page 40

New rules to combat fraud on cross-border payments in EU in force from January 1

January 4, 2024 New transparency rules came into force this 1 January that will help EU Member States to crack down on Value-Added Tax (VAT) fraud.

New era for corporate taxation in EU enters into force

January 4, 2024 EU rules came into effect January 1 introducing a minimum rate of effective taxation of 15% for multinational companies active in EU Member States.

Cameroon to become net iron ore exporter in 2024

January 2, 2024 Cameroon will become a net exporter of iron ore in 2024, Interim Minister of Mines, Industries and Technological Development Fuh Calistus Gentry has said.

Free trade agreement between Nicaragua and China begins

January 2, 2024 Nicaragua and China on Monday formally started trading under a new free trade agreement, allowing the Central American country to export some 71% of its products into the largest Asian market and free of tariffs.

VAT on period pants scrapped in UK

January 1, 2024 From today, 1 January 2024, women will save up to £2 on period pants on average, up to 16%,as the government scraps VAT on the underwear.

New tax credits for British film, TV and video game makers start from today

January 1, 2024 British film, TV and video game producers will benefit from new, more generous tax credits that start today, January 1, 2024.

Highlights: December 26, 2023 - December 29, 2023

January 1, 2024 Events of the last week.

Return-to-work requirements for injured workers in British Columbia come into effect January 1

December 31, 2023 New rules to ensure workers can return to a job following a workplace injury come into effect January 1, 2024.

Oil rig count up 2 to 622

December 29, 2023 Oil rig count in the U.S. on December 29 was 622 which is 2 rigs more than on December 21.

Largest electric, battery-powered containerships commissioned in China

December 29, 2023 Two battery-powered containerships which are being billed as the largest electric vessels yet constructed were officially named and placed into service in China.

Mayor to investigate single free, open-access Wi-Fi network across London

December 29, 2023 The Mayor of London Sadiq Khan has approved the first step in improving Wi-Fi connectivity across the capital.

Egyptian, Chinese companies ink MoU to develop 10 GW solar energy project

December 28, 2023 Egyptian and Chinese companies signed a memorandum of understanding on Wednesday to develop a massive 10-gigawatt solar energy project, aiming to boost renewable energy capacity and reduce reliance on fossil fuels in the most populous Arab country.