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Djibouti should broaden its tax base by reducing wide-ranging exemptions and special regimes, the International Monetary Fund (IMF) has said. Read Full Story
A change to UK value-added tax rules to prevent abuse of a concession could result in persons with disabilities incurring additional costs and having to use unsuitable equipment, campaigners have said. Read Full Story
Legislation to eliminate more than 100 taxes and fees in Romania will be sent back to parliament after being backed by the country's constitutional court. Read Full Story
McDonald's has confirmed that it is restructuring some of its operations so that it will pay tax on most of its non-US royalties in the United Kingdom instead of in Luxembourg. Read Full Story
The Australian Wagering Council has warned that the South Australian Government's proposed place of consumption tax on betting companies is untenable in practice. Read Full Story
The Travel Agents (Fee Concessions) Regulation 2016, which seeks to give effect to waivers for 12 months of certain license fees by Hong Kong's travel agents, was gazetted on May 20. Read Full Story
The South Korean Government has announced that it will extend the term of licenses granted for the operation of local duty-free shops to 10 years, rather than the current five years. Read Full Story
In a recent circular, the Italian Revenue Agency has agreed an extension of 30 days to the period of time businesses have to complete their applications to take advantage of Italy's "patent box" in its first operational fiscal year. Read Full Story
Hong Kong's Securities and Futures Commission has announced that the payment of annual licensing fees will be waived for another two-year period, effective from April 1, 2016. Read Full Story
By end-December 2015, the number of Italian businesses that had applied to take advantage of Italy's "patent box" in its first operational fiscal year had reached a greater-than-expected 4,500. Read Full Story
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