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Stories that are tagged 'mining'

South Africa Legislates For Budget Tax Changes

by Lorys Charalambous,, Cyprus

Thursday, July 20, 2017

The South African Revenue Services and the National Treasury on July 19 released for public comment draft legislation that would give effect to the tax proposals announced in the February Budget. Read Full Story


Canadian Mining Firm Challenging 'Retaliatory' Romanian VAT Claim

by Ulrika Lomas,, Brussels

Wednesday, July 19, 2017

Canadian resource company Gabriel Resources Ltd has said that it will "vigorously challenge" a value-added tax assessment issued by the Romanian tax authority, ANAF, which it says is linked to its decision to begin arbitration proceedings against the Romanian Government. Read Full Story


Aus Treasury Consulting On Options For PRRT Reform

by Mary Swire,, Hong Kong

Friday, June 30, 2017

The Australian Government has published its interim response to the Petroleum Resource Rent Tax review, and launched a consultation on possible options for reform. Read Full Story


Guyana's Budget Slashed Tax Rates, Widened VAT Net: IMF

by Ulrika Lomas,, Brussels

Friday, June 30, 2017

Guyana has recently implemented a number of reforms to improve value-added tax efficiency, the International Monetary Fund's latest report for the country notes. Read Full Story


Cairn Energy Provides Update On India Tax Dispute

by Mary Swire,, Hong Kong

Wednesday, June 28, 2017

In the latest salvo between Indian authorities and the Cairn Energy Group in the dispute concerning the controversial 2012 retrospective amendment to Indian tax law, Cairn has disclosed that the Indian Government has laid claim to a USD53m dividend payment that it considers the group is owed from its India-based subsidiary, Cairn India Limited. Read Full Story


OECD Issues Further Action 7, Action 8-10 BEPS Guidance

by Ulrika Lomas,, Brussels

Tuesday, June 27, 2017

The OECD has released for stakeholders' comments two new discussion drafts as part of its base erosion and profit shifting work. Read Full Story


Singapore Updates Two GST Guides

by Mary Swire,, Hong Kong

Tuesday, June 20, 2017

The Inland Revenue Authority of Singapore has updated two guides, on the goods and services tax treatment of the use of business premises by third parties for free, and on the GST rules for the aerospace industry. Read Full Story


ICC Warns Of Double Tax Risks Surrounding 'Substance' Tests

by Mike Godfrey,, Washington

Monday, June 12, 2017

The International Chamber of Commerce has called on governments to adopt uniform, predictable rules to determine the location of economic activity when applying new international tax rules centered on substance. Read Full Story


Western Australia Being Milked For GST Revenue: MCA

by Mary Swire,, Hong Kong

Friday, June 9, 2017

The Minerals Council of Australia has said that the amount of goods and services tax revenue distributed to Western Australia fell by around 45 percent in real terms over the period 2001-02 to 2016-17. Read Full Story


Mongolia, IMF To Develop Blueprint For Tax Reform

by Mary Swire,, Hong Kong

Thursday, June 8, 2017

Mongolia is to work with the International Monetary Fund from August to review the tax settings for the country's mining sector and to reform the value-added tax regime. Read Full Story




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