International Tax News Hong Kong's New CE To Pursue Competitive Tax Regime
On March 26, Carrie Lam was elected Hong Kong's new chief executive, with a promise that she would pursue a "new tax policy direction" in the territory. MEPs Approve Hybrid Mismatch Proposals
Members of the European Parliament's Economic and Monetary Affairs Committee have backed proposals to further tackle hybrid mismatch arrangements. SARS VAT Guide On Company Acquisitions Updated
The South African Revenue Service has released for public comment an update to its guidance on the VAT treatment of a transfer of an enterprise, or part thereof, as a going concern. HMRC Consult On Improving Online VAT Collection
HM Revenue and Customs has launched a consultation on an alternative method of collecting value-added tax on online business to consumer sales. IRS 'Ignored Warnings' Over Compromised IP PIN Program
The Treasury Inspector General for Tax Administration says the Internal Revenue Service ignored warnings regarding a security breach to its Identity Protection Personal Identification Number program. Irish Revenue Publishes Help To Buy Incentive Statistics
The Irish Revenue has said that it has so far received 4,417 applications for the Help To Buy tax incentive and has approved claims worth EUR6.3m (USD6.8m). Nepal Pushing For Tax Administration Improvements
Nepal is drafting a new single tax code "to implement tax policy improvements and to consolidate and harmonize the main domestic taxes under one piece of legislation," according to the International Monetary Fund. Saudi Arabia Cuts Tax For Oil Producers Ahead Of Aramco IPO
In a move thought to be intended to boost state-owned oil company Aramco ahead of an Initial Public Offering, Saudi Arabia announced tax cuts for oil and hydrocarbon producers on March 27. Australian DPT Legislation Passes Senate
The Australian Senate has passed legislation to introduce a diverted profits tax from July 1, 2017. Gaming Firms Flee Poland's Gambling Tax
UK-based bookmaker William Hill has become the latest company in the gambling sector to withdraw from the Polish market ahead of the introduction of a new regulatory and tax regime for the industry. New Zealand, China Agree To Discuss FTA Upgrade In April
New Zealand and China will begin talks on April 25 towards enhancing their existing free trade agreement. Irish Leadership Contender Sets Out Tax Cut Plans
Fine Gael leadership contender Leo Varadkar has described Ireland's high marginal income tax rate as "a real problem" and said that reforming tax and social insurance could help "attract and retain talented people." Panama Must Continue To Improve Transparency: IMF
Panama must continue to improve tax transparency and how it exchanges information relevant in tax matters to sustain growth in its economy, the International Monetary Fund has said. New Zealand Explains Foreign Trust Disclosure Changes
New Zealand has published guidance on the increased disclosure requirements for foreign trusts with New Zealand-resident trustees. HMRC Changes Alignment Date For Benefits In Kind
HM Revenue and Customs has made changes to the time limits for "making good" taxable benefits-in-kind. Slovakia Urged To Redouble Efforts Against Tax Evasion
Slovakia should tackle value-added tax and corporate tax evasion, the International Monetary Fund has said. SARS Clarifies Rules On Employees Transport Benefit
South African Revenue Service has issued a Binding General Ruling clarifying the application of the no-value provision in relation to employer-provided transport. Latin America and Caribbean Tax Revenues Rise: OECD
Tax revenues in Latin America and the Caribbean countries continued to increase in 2015, according to new data from the Organisation for Economic Co-operation and Development. Uber Canada Concerned Over Ride-sharing Tax Reform
Uber Canada has said that changes to the goods and services tax rules for ride-sharing businesses will "hurt over a million Canadians who use ride-sharing to earn income and get around their cities." Australia, China To Amend FTA And DTA
Australia and China have agreed to discuss the further liberalization of services and investment under their free trade agreement, and to update their double tax agreement. Switzerland, France Sign Tax Deal On Basel Airport
France and Switzerland have signed an international agreement on the tax system applicable to EuroAirport Basel Mulhouse Freiburg. ACCI Urges Aus Parliament To Pass Company Tax Cuts
The Australian Chamber of Commerce and Industry has called on Parliament to pass the Government's company tax cuts in full, and not just the small business portion of the proposals. UK Barrister To Argue Uber Responsible For UK VAT Dues
In the embattled ride-sharing app's latest tax skirmish, Uber is being sued in the UK in relation to potential VAT underpayment. Vietnam Rejects VAT Cut For Taxi Services
The Vietnamese authorities have rejected a call from local taxi firms to slash the amount of VAT they pay from 10 percent to five percent. Canadian Budget Focuses On 'Tax Fairness'
The tax measures contained Canadian Finance Minister Bill Morneau's second Budget are focused on closing loopholes, cracking down on tax evasion, and improving tax reliefs for the "middle class." April Cut-off For EU Financial Transaction Tax Negotiations
The EU member states taking part in the proposed EU financial transactions tax will decide next month whether or not to proceed with the controversial tax, according to Austrian Finance Minister Hans Joerg Schelling. India-Singapore Double Tax Changes In Force
On March 23, India published a notice ratifying the double tax Protocol signed with Singapore, which entered into force on February 27. UK Rethinking Tax On Overseas Property Investors
The UK is considering bringing certain non-resident companies within the scope of corporation tax where they have existing UK taxable income and/or gains from the disposal of certain UK residential property interests. New Zealand Passes Closely Held Companies Bill
Lawmakers in New Zealand have approved legislation that would improve, strengthen, and update the rules for closely held companies, non-resident withholding tax and the approved issuer levy, and the goods and services tax rules. Romania May Miss Fiscal Deficit Targets
Romania risks missing its fiscal consolidation targets because of overly generous fiscal policies, the International Monetary Fund has said.
Feed Fetched by RSS Dog.