on Tax-News.com: IoM: Time Running Out For Tax Amnesty Declarations By www.tax-news.com Published On :: Thu, 22 Sep 2016 00:00:00 GMT The Isle of Man Treasury has warned that time is running out for taxpayers who have failed to declare all their taxable income. Full Article
on Tax-News.com: Canada To Ramp Up Efforts Against Tax Evasion By www.tax-news.com Published On :: Mon, 27 Feb 2017 00:00:00 GMT The Canadian Government has said that it will review its tax ruling process and voluntary disclosures program as part of its response to recommendations made last year by a parliamentary committee. Full Article
on Tax-News.com: Dassault Responds To Paradise Paper Leaks By www.tax-news.com Published On :: Mon, 13 Nov 2017 00:00:00 GMT French aircraft manufacturer Dassault Aviation has issued a statement on its tax arrangements in response to media coverage of the so-called "Paradise Papers." Full Article
on Tax-News.com: EU Committee To Consider VAT Response To Paradise Papers By www.tax-news.com Published On :: Wed, 28 Feb 2018 00:00:00 GMT Value-added tax avoidance will be considered by a new EU anti-tax avoidance committee, the creation of which is expected to be endorsed at an EU parliamentary plenary on March 1, 2018. Full Article
on Tax-News.com: Australia To Improve Division 7A Tax Rules For Shareholders By www.tax-news.com Published On :: Fri, 26 Oct 2018 00:00:00 GMT 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. Full Article
on Tax-News.com: Estonia Tops Tax Foundation's Tax Competitiveness Index By www.tax-news.com Published On :: Mon, 29 Oct 2018 00:00:00 GMT Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD." Full Article
on Tax-News.com: Australia Consults On Tax Implications Of Insurance Law Reform By www.tax-news.com Published On :: Fri, 16 Nov 2018 00:00:00 GMT The Australian Government is consulting on the tax implications of a new accounting standard for insurance contracts. Full Article
on Tax-News.com: OECD Reports Progress On Harmful Tax Regimes Work By www.tax-news.com Published On :: Fri, 23 Nov 2018 00:00:00 GMT Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide. Full Article
on Tax-News.com: Only Tax-Compliant Firms To Be Allowed Australian Gov't Contracts By www.tax-news.com Published On :: Fri, 23 Nov 2018 00:00:00 GMT Australia is to require businesses seeking to tender for significant federal government procurement contracts to demonstrate their record of tax compliance. Full Article
on Tax-News.com: Australia Explains Tax Disclosure Obligation On Largest Firms By www.tax-news.com Published On :: Tue, 12 Feb 2019 00:00:00 GMT 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. Full Article
on Tax-News.com: Australia Warns On Real Estate GST Non-Compliance By www.tax-news.com Published On :: Thu, 14 Mar 2019 00:00:00 GMT 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. Full Article
on Tax-News.com: Australia Brings Forward Personal Income Tax Reform In 2019 Budget By www.tax-news.com Published On :: Fri, 5 Apr 2019 00:00:00 GMT Australian Treasurer Josh Frydenberg has announced that the Government will bring forward the start date for its package of income tax cuts. Full Article
on Tax-News.com: Australia Explains Early Intervention Program By www.tax-news.com Published On :: Mon, 15 Apr 2019 00:00:00 GMT The Australian Taxation Office has explained how its Early Intervention Strategy helps it to identify tax agents at risk of non-compliance. Full Article
on Tax-News.com: Australia Issues Ruling On Hybrid Mismatch Rules By www.tax-news.com Published On :: Mon, 15 Apr 2019 00:00:00 GMT 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. Full Article
on Tax-News.com: NZ Accountants Welcome Tax Reform Decisions By www.tax-news.com Published On :: Mon, 29 Apr 2019 00:00:00 GMT Chartered Accountants Australia and New Zealand (CA ANZ) has given a guarded welcome to the New Zealand Government's response to the recommendations of the Tax Working Group. Full Article
on Tax-News.com: OECD Provides Update To G20 On BEPS Work By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses. Full Article
on Tax-News.com: Ireland Consults On Capital Gains Tax Relief Review By www.tax-news.com Published On :: Thu, 13 Jun 2019 00:00:00 GMT The Irish Finance Department has launched a consultation on potential changes to the capital gains tax revised entrepreneur relief. Full Article
on Tax-News.com: Ireland Consults On Future Of Two Tax Reliefs By www.tax-news.com Published On :: Fri, 5 Jul 2019 00:00:00 GMT The Irish Government is holding a public consultation on the Special Assignee Relief Programme and the Foreign Earnings Deduction, as part of a broader independent review of the reliefs. Full Article
on Tax-News.com: Ireland Issues Guidance On New Anti-Hybrid Mismatch Rules By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT The Irish Government has released additional guidance on its proposals for new anti-hybrid rules, responding to feedback to a consultation launched in November 2018. Full Article
on Tax-News.com: OECD's Digital Tax Work Has Broad Ramifications For Ireland By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT As a small open economy, Ireland may be affected significantly by the OECD's proposals to modify how taxing rights are allocated among countries, Irish business association Ibec has said. Full Article
on Tax-News.com: Ireland Issues E-Brief On Mergers And Divisions By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT The Irish Revenue has published guidance on the tax compliance obligations that arise from mergers and divisions. Full Article
on Tax-News.com: UK Lists Instructions For Traders On Brexit By www.tax-news.com Published On :: Fri, 30 Aug 2019 00:00:00 GMT HM Revenue and Customs has written to VAT-registered businesses that trade with the EU, advising them on how to prepare for changes to customs, excise, and VAT in the event of a no-deal Brexit. Full Article
on Tax-News.com: Irish Tax Investigations Typically Last Almost A Year By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT Ireland's Comptroller and Auditor General has released a new report on the Irish Revenue's compliance activities during 2018, and its efforts to improve how it interacts with taxpayers since a review in 2012. Full Article
on Tax-News.com: Ireland Explains Tax Rules For Payments To Non-Resident Landlords By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT The Irish Revenue has updated its Tax and Duty Manual on the taxation of non-resident landlords to clarify a number of obligations. Full Article
on Tax-News.com: Ireland Issues Guide On Dual-Resident Companies By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT The Irish Revenue has published guidance on dual-resident companies that explains new rules introduced under the BEPS multilateral convention on tax treaties. Full Article
on Tax-News.com: Costa Rica Clarifies Amendments To Non-Cooperative Tax List By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT Costa Rica's Ministry of Finance has released a statement clarifying its decision to exclude a number of territories with low effective income tax rates from its list of non-cooperative territories. Full Article
on Tax-News.com: Ireland Amends Guidance On MAP Assistance By www.tax-news.com Published On :: Tue, 31 Dec 2019 00:00:00 GMT The Irish Revenue has updated its guidelines on requesting Mutual Agreement Procedure assistance in Ireland. Full Article
on Tax-News.com: Ireland Schedules Election For February 8 By www.tax-news.com Published On :: Mon, 27 Jan 2020 00:00:00 GMT A general election will take place in Ireland on February 8, with Prime Minister Leo Varadkar saying that this date provides a window to ensure a new government is in place ahead of the next European Council meeting in March. Full Article
on Tax-News.com: Ireland Updates Guidance On EU Exit Tax On IP Flight By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT The Irish Revenue has updated its guidance on Irish exit tax legislation to reflect changes introduced by Finance Act 2019. Full Article
on Tax-News.com: Switzerland, South Korea Sign AEOI Declaration By www.tax-news.com Published On :: Fri, 19 Feb 2016 00:00:00 GMT Switzerland and South Korea have signed a joint declaration on the automatic exchange of tax information from 2018. Full Article
on Tax-News.com: Abu Dhabi Free Zone Officials Visit China By www.tax-news.com Published On :: Wed, 2 Mar 2016 00:00:00 GMT Officials from the Abu Dhabi Global Market, a free zone in the United Arab Emirates, and the Abu Dhabi Exchange recently visited Shanghai, China, to meet with representatives of key Chinese financial authorities and institutions. Full Article
on Tax-News.com: Swiss Council Consults On Automatic Exchange Of Tax Info By www.tax-news.com Published On :: Fri, 20 May 2016 00:00:00 GMT The Swiss Federal Council has launched a consultation on a proposed new Ordinance on the International Automatic Exchange of Information in Tax Matters. Full Article
on Tax-News.com: Swiss Council Adopts Dispatch On 8 TIEAs By www.tax-news.com Published On :: Thu, 7 Jul 2016 00:00:00 GMT The Swiss Federal Council has adopted a dispatch on the introduction of the automatic exchange of financial account information with eight jurisdictions. Full Article
on Tax-News.com: Jersey, Cyprus Agree New Double Taxation Agreement By www.tax-news.com Published On :: Thu, 14 Jul 2016 00:00:00 GMT Jersey has signed a double taxation agreement with the Republic of Cyprus. This is the island's twelfth agreement that meets the international standard for such agreements. Full Article
on Tax-News.com: Switzerland Consults On Implementation Of AEOI Agreements By www.tax-news.com Published On :: Thu, 29 Dec 2016 00:00:00 GMT The Swiss Federal Department of Finance has launched a consultation on the introduction of the automatic exchange of information in tax matters with a series of other countries. Full Article
on Tax-News.com: Abu Dhabi Tax-Free Zone To Launch Foundations By www.tax-news.com Published On :: Fri, 2 Jun 2017 00:00:00 GMT Abu Dhabi Global Market, the low-tax international financial center, is seeking feedback on its proposal to allow the formation of "foundations," a trust-like entity widely used in civil law jurisdictions. Full Article
on Tax-News.com: UK, Netherlands Biggest 'Conduits' For Offshore Investment By www.tax-news.com Published On :: Wed, 26 Jul 2017 00:00:00 GMT Researchers at the University of Amsterdam have looked at how corporations make use of particular countries and jurisdictions to minimize their tax liabilities. Full Article
on Tax-News.com: Apple Fires Back At Tax Avoidance Accusations By www.tax-news.com Published On :: Wed, 8 Nov 2017 00:00:00 GMT Apple, the world's largest taxpayer, has released a statement seeking to debunk claims in media about its tax payments around the world, following coverage in recent days about it seeking tax mitigation arrangements in Jersey due to international tax changes in Ireland affecting its existing tax arrangements. Full Article
on Tax-News.com: Malta Ratifies BEPS Convention By www.tax-news.com Published On :: Thu, 3 May 2018 00:00:00 GMT Malta has become the latest country to ratify the OECD's multilateral convention to counter base erosion and profit shifting. Full Article
on Tax-News.com: Netherlands Begins International Tax System Review By www.tax-news.com Published On :: Fri, 28 Sep 2018 00:00:00 GMT The Dutch Government has launched a consultation exercise on plans to review the country's tax treaty policy and to draw up a list of low-tax jurisdictions for the purposes of enforcing incoming controlled foreign company rules. Full Article
on Tax-News.com: Switzerland Begins Sharing Tax Data Internationally By www.tax-news.com Published On :: Fri, 12 Oct 2018 00:00:00 GMT Switzerland has made its first exchanges under the new international automatic exchange of information framework, the Common Reporting Standard. Full Article
on Tax-News.com: UK Crown Dependencies Introducing Economic Substance Rules By www.tax-news.com Published On :: Fri, 28 Dec 2018 00:00:00 GMT Each of the Crown Dependencies – Jersey, Guernsey, and the Isle of Man – have tabled legislation that will introduce new substance requirements for tax-resident firms engaged in certain industries from January 1, 2019. Full Article
on Tax-News.com: Netherlands Begins Consultation On Tax Blacklist By www.tax-news.com Published On :: Fri, 11 Oct 2019 00:00:00 GMT On October 7, 2019, the Dutch Government announced the launch of a consultation on the 2020 edition of the list of low-tax jurisdictions for the purposes of enforcing existing and forthcoming anti-avoidance legislation intended to tackle base erosion and profit shifting. Full Article
on Tax-News.com: HMRC Releases Final Guidance On Loan Charge Review By www.tax-news.com Published On :: Mon, 2 Dec 2019 00:00:00 GMT The UK tax agency HM Revenue and Customs has released guidance for taxpayers affected by the Loan Charge. Full Article
on Tax-News.com: IRS Issues Final Foreign Tax Credit Regulations By www.tax-news.com Published On :: Fri, 6 Dec 2019 00:00:00 GMT On December 2, 2019, the United States Internal Revenue Service issued final regulations on the foreign tax credit following major changes to the US tax code. Full Article
on Tax-News.com: Turkey Extends VAT Exemption For Machinery By www.tax-news.com Published On :: Tue, 31 Dec 2019 00:00:00 GMT On December 24, 2019, a law was published in Turkey's official gazette extending a value-added tax exemption for the purchase of machinery and equipment. Full Article
on Tax-News.com: New Austrian Government Agrees On Tax Reforms By www.tax-news.com Published On :: Wed, 15 Jan 2020 00:00:00 GMT The new Austrian coalition government, consisting of the conservative People's Party and the Green Party, has agreed on a program for government, which includes several significant tax measures. Full Article
on Tax-News.com: UK Reports On Adoption Of EU's DAC6 Tax Scheme Reporting Rules By www.tax-news.com Published On :: Wed, 15 Jan 2020 00:00:00 GMT On January 8, 2020, the UK Government released a policy paper setting out how the UK will temporarily adopt the "DAC 6" EU disclosure requirements on intermediaries that design or sell potentially harmful tax schemes. Full Article
on Tax-News.com: Aruba Releases Transfer Pricing Documentation Templates By www.tax-news.com Published On :: Wed, 15 Jan 2020 00:00:00 GMT Caribbean territory Aruba has released instructions on the completion of transfer pricing documentation and released model templates for completion. Full Article
on Tax-News.com: EU To Soon Launch Tax And Trade Talks With UK By www.tax-news.com Published On :: Thu, 6 Feb 2020 00:00:00 GMT The European Commission has taken the first step toward negotiating a new relationship with the UK by issuing a recommendation to the European Council that the talks should commence. Full Article