This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.  
  • Delicious


Close

Password Reminder

Please enter your email address to receive a password reminder.

 

Log into Tax-News+
Not registered yet? Find out about our daily news alert service »

Email Address: 
Password: 

Login »

Forgotten your password?





Latest News

India Delays Goods And Services Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Last updated 16 hours ago | Monday, January 16, 2017

The Indian Government needs more time to reach a consensus on remaining goods and services tax issues and put in place the necessary frameworks for the regime to succeed, Arun Jaitley, the Finance Minister, has said, pushing forward implementation to July.

Read Full Story

 

Mexico 'Would Retaliate' Against Trump Tariffs

by Mike Godfrey, Tax-News.com, Washington

Last updated 16 hours ago | Monday, January 16, 2017

In press interviews, Mexico's Economy Minister, Ildefonso Guajardo, has said that while US president-elect Donald Trump's threatened import tariffs are a global problem, Mexico will have to be prepared to retaliate immediately with its own measures. Read Full Story

 

 

UK Lawmakers Urged To Heed Expert Tax Reform Advice

by Jason Gorringe, Tax-News.com, London

Last updated 16 hours ago | Monday, January 16, 2017

UK members of parliament should consult tax experts before scrutinizing finance bills and be "more rigorous" in examining new measures, according to Andrew Tyrie, the Chair of the House of Commons Treasury Committee. Read Full Story

 

ATO Issues Backpacker Tax Registration Reminder

by Mary Swire, Tax-News.com, Hong Kong

Last updated 16 hours ago | Monday, January 16, 2017

The Australian Taxation Office has issued a reminder to tax advisers on the new obligations their clients will have to meet when employing working holiday makers. Read Full Story

 

 

Hong Kong, Belarus Sign DTA

by Mary Swire, Tax-News.com, Hong Kong

Last updated 16 hours ago | Monday, January 16, 2017

Hong Kong and Belarus have agreed to lower withholding tax rates on cross-border income under a new comprehensive double tax agreement. Read Full Story

 

ECJ AG Proposes Landmark EU VAT Ruling On Penalties

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 16 hours ago | Monday, January 16, 2017

According to an opinion of Advocate General Campos Sánchez-Bordona delivered on January 12 to the Court of Justice of the European Union, Italy should not be precluded from taking both criminal and administrative action following a taxpayer's failure to pay value-added tax. Read Full Story

 

 

France Right In Requesting USD1.1bn From UBS, Says ECHR

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 16 hours ago | Monday, January 16, 2017

The European Court of Human Rights has endorsed the decision of French authorities to compel UBS to put up a EUR1.1bn (USD1.16bn) security in its case against the bank concerning alleged tax fraud. Read Full Story


India-Japan Agree New Advance Pricing Agreement

by Mary Swire, Tax-News.com, Hong Kong

Last updated 16 hours ago | Monday, January 16, 2017

India has signed a bilateral advance pricing agreement with the Indian subsidiary of a Japanese company, India's Central Board of Direct Taxes has announced. Read Full Story

 

 

Ireland Releases VAT Notes On Finance Act 2016

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 16 hours ago | Monday, January 16, 2017

The Irish tax agency has recently released guidance notes on changes to value-added tax law in the Finance Act 2016. Read Full Story

 

US Congress Receives Bill To Cancel CEO Tax Breaks

by Mike Godfrey, Tax-News.com, Washington

Friday, January 13, 2017

Legislation has been introduced in Congress to stop the unlimited US corporate tax deductions allowed for performance-based executive pay. Read Full Story

 

 

Dijsselbloem U-Turns On Dutch Corporate Tax

by Ulrika Lomas, Tax-News.com, Brussels

Friday, January 13, 2017

Just weeks after suggesting that the Dutch corporate tax rate should be reduced, Finance Minister Jeroen Dijsselbloem appears to have reversed his position. Read Full Story

 

US Progresses Trade Disputes With China

by Leroy Baker, Tax-News.com, Washington

Friday, January 13, 2017

The US Department of Commerce has announced its final decision to impose anti-dumping margins and anti-subsidy countervailing duties on Chinese imports of biaxial integral geogrid products, used as a foundation in the construction of roads and railways. Read Full Story

 

 

Hong Kong Consults On Beneficial Ownership Plans

by Mary Swire, Tax-News.com, Hong Kong

Friday, January 13, 2017

Hong Kong's Financial Services and the Treasury Bureau has launched public consultations on legislative proposals to increase the transparency of corporate beneficial ownership in the city, and to enhance its regulatory regime for combating money laundering and terrorist financing. Read Full Story

 

New Zealand-S Korea FTA Enters Second Phase

by Mary Swire, Tax-News.com, Hong Kong

Friday, January 13, 2017

Cross-border tariffs between New Zealand and Korea were scaled back further on January 1, 2017, with the second installment of tax cuts under their free trade agreement. Read Full Story

 

ATO Explains New Superannuation Balance Transfer Cap

by Mary Swire, Tax-News.com, Hong Kong

Friday, January 13, 2017

The Australian Taxation Office has published guidance on the AUD1.6bn (USD1.2m) superannuation balance transfer cap that will apply from July 1. Read Full Story

 

Property Taxes To Dampen British Columbia Housing Market

by Mike Godfrey, Tax-news.com, Washington

Friday, January 13, 2017

Foreign investment in the Greater Vancouver property market is expected to drop off in 2017 following the introduction of a new property tax, according to research by Royal LePage. Read Full Story

 

Seychelles Needs To Boost Revenue: IMF

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, January 13, 2017

The International Monetary Fund indicated on January 11 that Seychelles will need to take further measures to increase tax revenue over the medium term. Read Full Story

 

Taiwan Hikes Inheritance, Cigarette Taxes

by Mary Swire, Tax-News.com, Hong Kong

Friday, January 13, 2017

Parliamentary approval was received on January 11 for the Taiwanese Government's proposals to hike cigarette and inheritance taxes, to find the extra funds needed to finance a long-term elderly care program. Read Full Story

 

Trump Reemphasizes His Tariff Threat

by Scott Hamilton, Tax-News.com, Washington

Thursday, January 12, 2017

On January 11, during his first press conference since the election, President-elect Donald Trump reemphasized his plan for import tariffs on US multinational companies that move their production abroad at the cost of US jobs and then sell products back into the United States. Read Full Story

 

Snapchat Chooses UK Tax Domicile

Thursday, January 12, 2017

Snap, the US parent company of messaging app Snapchat, has chosen to establish its non-US base in London, in an endorsement of the UK's tax environment, despite the UK's decision to leave the European Union. Read Full Story

 

IRAS Updates Transfer Pricing Guidance

by Mary Swire, Tax-News.com, Hong Kong

Thursday, January 12, 2017

On January 12, 2017, the Inland Revenue Authority of Singapore issued updates to its e-Tax Guide on the country's transfer pricing rules. Read Full Story

 

Australia Consults On Failure To Disclose Penalties For MNEs

by Mary Swire, Tax-News.com, Hong Kong

Thursday, January 12, 2017

The Australian Treasury is consulting on plans to increase administrative penalties for multinationals that fail to adhere to tax disclosure obligations. Read Full Story

 

USITC Accepting Comments On Tariff Cut Petitions

by Scott Hamilton, Tax-News.com, Washington

Thursday, January 12, 2017

On January 11, the US International Trade Commission began accepting comments on petitions it has received seeking import duty suspensions and reductions in accordance with the new Miscellaneous Tariff Bill process. Read Full Story

 

Google To Pay EUR280m In Back Taxes To Italy: Reports

By Ulrika Lomas, Tax-News.com,Brussels

Thursday, January 12, 2017

Google has agreed to pay up to EUR280m to settle corporate income tax said to be due to the Italian Revenue Agency, according to Italian media reports. Read Full Story

 

Tax Breaks In Hong Kong's Voluntary Health Insurance

by Mary Swire, Tax-News.com, Hong Kong

Thursday, January 12, 2017

The Hong Kong Government has released a report on its consultations regarding a proposed Voluntary Health Insurance Scheme, summarizing the consultation outcomes and proposing tax breaks. Read Full Story