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Seychelles will finalize significant reforms to its main taxes in 2017, according to the territory's newly released Budget. Read Full Story
Italy's 2017 Budget, including its business tax cuts, received parliamentary approval on December 7, becoming the final act of Premier Matteo Renzi's Government before his resignation following the adverse referendum result. Read Full Story
A study commissioned by the Italian Government has estimated that the loss to the country from unpaid tax revenue averaged EUR108.7bn annually, or 34.2 percent of due amounts, in the period between 2010-2014. Read Full Story
The US House of Representatives Small Business Subcommittee on Economic Growth, Tax, and Capital Access has held a hearing to examine the attitude of the Internal Revenue Service toward small business. Read Full Story
The Indonesian Government is seeking to emphasize the difference between intentional and unintentional tax non-compliance, as it encourages taxpayers to avail themselves on an ongoing tax amnesty. Read Full Story
More than a million tax returns were filed with Pakistan's Federal Board of Revenue (FBR) in the last financial year thanks to recent initiatives aimed at broadening the country's taxpayer base, Shaista Abbas, an FBR official, said. Read Full Story
Ukraine should develop a new, simpler tax system devoid of populism, Prime Minister Volodymyr Groysman has said, while stressing that businesses should be given time to adapt to new changes. Read Full Story
Indonesia will preserve the confidentiality of information received from taxpayers under the proposed Tax Amnesty Bill, according to Finance Minister Bambang Brodjoengoro. Read Full Story
Indonesia's Ministry of Finance has said late-filing penalties will not apply for a month after the individual tax filing deadline. Read Full Story
Pakistan is continuously trying to increase the efficiency and effectiveness of the revenue collection process, Finance Minister Muhammad Ishaq Dar said. Read Full Story
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