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Tax-News.com: UAE Issues Guidance Ahead Of VAT Filing Deadline

Businesses registered for the United Arab Emirates's value-added tax need to complete a four-step online procedure to file their tax returns, the Federal Tax Authority has said.




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Tax-News.com: EU Makes Changes To Tax Blacklist

The EU has removed three countries from its list of non-cooperative tax jurisdictions and added a further three.




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Tax-News.com: EU Announces Sanctions For 'Blacklisted' Countries

The European Commission is to take steps to ensure that EU external development and investment funds cannot be channelled or transited through entities in countries included on the EU's "blacklist" of non-cooperative tax jurisdictions.




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Tax-News.com: UAE's First VAT Quarterly Filing Deadline April 29

The first quarterly value-added tax filing deadline of April 29 is fast approaching in the United Arab Emirates, with more than 90,000 taxpayers said to be affected.




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Tax-News.com: EU Removes Bahamas, Saint Kitts From Tax Blacklist

The EU on May 25 removed the Bahamas and Saint Kitts and Nevis from its list of non-cooperative tax jurisdictions.




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Tax-News.com: EU Updates Tax Blacklist

The EU has removed two countries from its list of non-cooperative tax jurisdictions and found a further five to have met their commitments on tax cooperation.




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Tax-News.com: UAE Simplifies VAT Refunds For Home Owners

The United Arab Emirates' Federal Tax Authority has announced the launch of a new service on its website to simplify the process for taxpayers of recovering value-added tax incurred in building their own new homes.




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Tax-News.com: EU, Japan Finalize Landmark Free Trade Deal

The EU's new free trade agreement with Japan, finalized by negotiators from both sides on December 8, 2017, has been described as the European bloc's most comprehensive yet.




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Tax-News.com: Japan Planning Targeted Corporate Tax Relief

Japan's ruling Liberal Democrat Party has approved a tax reform package that will cut corporate rates for companies who increase employee wages.




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Tax-News.com: Australian Exporters Making The Most Of FTAs

Australia's free trade agreements are being widely used by Australian businesses, according to a new report commissioned by the Government.




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Tax-News.com: Latest Australia-Japan FTA Tariff Cuts In Force

The fifth round of tariff cuts under the Japan-Australia Economic Partnership Agreement have entered into force.




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Tax-News.com: Global Tax Information Exchange Has Netted States Billions

The OECD has reported on the progress achieved to improve tax transparency internationally under the new Common Reporting Standard (CRS), ahead of the meeting of G20 finance ministers in Fukuoka, Japan.




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Healthy Lifestyle Increases Life Expectancy

Highlights: Leading a healthy lifestyle could prolong the lifespan of men and women It could also




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Disrupting Glutamine Metabolism Aids to Treat Chemotherapy Resistant Pancreatic Cancer

Highlights : A way to utilize existing chemotherapy in a more efficient manner in treating pancreat




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Early Genetic Signs can Detect Cancer Earlier and Faster

Highlights: Early genetic signs, years before diagnosis, could signal cancer development in the future




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Personalized Cancer Vaccines Could Soon be a Reality

Highlights: Personalized therapeutic cancer vaccines are likely to be available soon A new type of deli




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IVF Babies at Higher Risk of Death During First Few Weeks of Life

Highlights: Infants conceived through IVF can have a higher risk of death than infants conceived naturally This




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World Encephalitis Day: A Global Issue That Needs a Human Solution

Highlights: World Encephalitis Day is celebrated annually on 22 nd February Its major objective is to raise awaren




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Artificial Intelligence Can Predict Worsening of Heart Failure Before Hospitalization

Highlights: A sensor based on Artificial Intelligence (AI) has been developed The sensor can inst




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COVID-19: Guidelines on Dead Body Management

Highlights : In India, over 17,265 confirmed novel coronavirus disease (COVID-19) cases and 543 deaths as of yesterd




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Tax-News.com: Brexit: UK Rolls Out Transitional Simplified Procedures For Importers

HM Revenue and Customs (HMRC) has automatically registered 95,000 businesses for its simplified import procedures, allowing most UK traders up to six months to pay import duties and submit customs declarations, if the UK leaves the EU without a deal on October 31, 2019.




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Tax-News.com: Airbnb Says UK Tax Probe Could Result In Litigation

Airbnb has disclosed that it has been contacted by HM Revenue and Customs regarding the application of tax laws or regulations impacting the company's business, adding that some matters "may result in litigation".




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Tax-News.com: UK Announces Plastics Tax, Business Rates Relief In 2020 Budget

The UK's 2020 Budget, released on March 11, 2020, includes proposals to waive business rates on small retailers, to introduce a new tax on plastics, and to remove value-added tax on electronic publications.




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Tax-News.com: Malta Defers Tax Payment Deadlines In Response To COVID-19

In response to the coronavirus outbreak, the Maltese Government has announced deferrals for the payment of a number of taxes.




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Tax-News.com: EU Adds Cayman Isles, Panama, Seychelles To Tax Blacklist

The EU has added the Cayman Islands, Palau, Panama, and the Seychelles to its list of non-cooperative tax jurisdictions, bringing the total tally to 12 from 8.




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Tax-News.com: US IRS Extends COVID-19 Relief To Gift Taxes

On March 27, 2020, the United States Treasury Department and the Internal Revenue Service issued a notice which extends COVID-19-related filing and payment relief to federal gift and generation-skipping taxes.




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Tax-News.com: Spain Publishes 2018 Tax Compliance Plan

The Spanish tax authority has published its annual tax and customs control plan for 2018, which details the tax compliance and enforcement measures that it intends to undertake in the coming year.




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Tax-News.com: Tax Agencies To Discuss TP Proactively With Willing MNEs

The OECD has recently launched a new program – the International Compliance Assurance Programme – being spearhead by the Forum on Tax Administration that is aimed at providing assurance to multinationals with regards to their transfer pricing affairs.




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Tax-News.com: EC Investigates Italian Port Tax Exemptions

On November 15, 2019, the European Commission announced the launch of an in-depth state aid investigation into tax exemptions provided to Italian ports, but welcomed commitments from Spain to abolish similar exemptions for Spanish ports from next year.




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Tax-News.com: New Spanish Coalition Agrees Tax Plan

The Spanish Socialist Party and the Podemos movement, which will form the next governing coalition, has released their policy document, which includes plans for a corporate minimum tax, among other tax measures.




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Tax-News.com: Australia To Improve Division 7A Tax Rules For Shareholders

The Australian Government is to simplify taxpayers' compliance with rules designed to prevent shareholders from using private company profits without paying tax at their marginal rates.




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Tax-News.com: Australian SME Tax Cuts Now Law

Legislation to reduce Australia's small business tax rate received Royal Assent on October 25.




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Tax-News.com: Australian Tax Office Expands Data Matching Program

The Australian Taxation Office has announced that it is expanding its data matching program to focus on information it receives from partner organizations on shares held by taxpayers.




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Tax-News.com: Australia Consults On Tax Implications Of Insurance Law Reform

The Australian Government is consulting on the tax implications of a new accounting standard for insurance contracts.




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Tax-News.com: Only Tax-Compliant Firms To Be Allowed Australian Gov't Contracts

Australia is to require businesses seeking to tender for significant federal government procurement contracts to demonstrate their record of tax compliance.




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Tax-News.com: Australian Regulator Flags Important Accounting Standard Changes

The Australian Securities and Investments Commission has highlighted the significant impact that recent accounting standard changes will have for financial reports that must be prepared for the year to December 31, 2018, and second quarter reports.




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Tax-News.com: Australia Explains Tax Disclosure Obligation On Largest Firms

The Australian Taxation Office has issued an e-brief on how companies can assess if they are required to submit a reportable tax position schedule.




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Tax-News.com: Australia Warns On Real Estate GST Non-Compliance

The Australian Taxation Office said that it has noticed a number of common errors being made in activity statements since the "goods and services tax at settlement" system was introduced for the real estate industry in July 2018.




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Tax-News.com: Australia Toughens Tax Rules For Procurement Bids

The Australian Government is to implement a new government procurement process that will require the tenderer's tax record to be taken into account.




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Tax-News.com: Australia Brings Forward Personal Income Tax Reform In 2019 Budget

Australian Treasurer Josh Frydenberg has announced that the Government will bring forward the start date for its package of income tax cuts.




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Tax-News.com: Australia Explains Early Intervention Program

The Australian Taxation Office has explained how its Early Intervention Strategy helps it to identify tax agents at risk of non-compliance.




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Tax-News.com: Australia Issues Ruling On Hybrid Mismatch Rules

The Australian Taxation Office has opened a consultation on a draft Law Companion Ruling on the targeted integrity rule that will apply under the new hybrid mismatch regime.




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Tax-News.com: Australia Explains End-Of-Year Reporting Under STP

The Australian Taxation Office has issued guidance on how employers can prepare for end-of-year reporting under the new Single Touch Payroll system.




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Tax-News.com: Australia Clarifies Effective Life Of Depreciable Assets

The Australian Taxation Office has released a new ruling on how to calculate the effective life of depreciating assets for income tax purposes, in Taxation Ruling (TR) 2019/5, which is applicable from July 1, 2019.




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Tax-News.com: Australia May Make Directors Liable For Unpaid GST In Folded Companies

Legislation before Australia's parliament would make company directors liable for a failed company's GST liabilities in certain circumstances.




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Tax-News.com: Australian High Court Allows Use Of Leaked Data In Tax Probes

The Australian Taxation Office has welcomed a significant ruling from Australia's High Court, which enables the tax agency to use information obtained from data leaks, even if leaked from a law firm.




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Tax-News.com: Glencore Wins AUD92m Transfer Pricing Case In Australia

Australia's Federal Court issued a decision in favor of mining company Glencore on September 3, 2019. The case centered on whether dealings between Swiss parent Glencore International AG and an Australian subsidiary breached transfer pricing rules in relation to the sale and purchase of copper concentrate in the 2007-09 years.




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Tax-News.com: Exporters Urge Int'l Reform To Simplify VAT Compliance

The International Chamber of Commerce has warned that micro-, small-, and medium-sized businesses' growth prospects are being stymied by complex indirect tax regimes. It has released an issues brief that is intended to contribute towards international reform talks being led by the World Trade Organization.




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Tax-News.com: Australian Tax Changes For Self-Managed Super Funds Effective

Australia has enacted new integrity measures included in the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019 affecting self-managed super funds.




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Tax-News.com: Australia Announces CbC Reporting Changes

The Australian Taxation Office has announced changes to its CbC reporting system following feedback from multinational groups.