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Stories that are tagged 'penalties'

ATO Seeks To Reassure Taxpayers Over Online Systems

by Mary Swire,, Hong Kong

Thursday, July 13, 2017

The Australian Taxation Office has explained the causes for recent problems with its online systems, and stressed that it is trying to minimize the risk of such incidents occurring again. Read Full Story


UK Should Support, Not Penalize New Digital Tax Filers: CIOT

by Amanda Banks,, London

Friday, July 7, 2017

The UK tax agency should adopt a light-touch approach to penalizing taxpayers who fail to meet the new digital reporting requirements that will be introduced from 2019, tax experts have said. Read Full Story


Nigeria Launches Tax Amnesty

by Lorys Charalambous,, Cyprus

Friday, July 7, 2017

Nigeria launched a new tax amnesty for companies and individuals on July 1. 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


Canada Disappointed By Latest US Anti-Dumping Duties

by Mike Godfrey,, Washington

Tuesday, June 27, 2017

The Canadian Government has said that it is deeply disappointed by the US Department of Commerce's decision to impose further anti-dumping duties on imports of softwood lumber products. Read Full Story


EU Announces New Transparency Rules For Tax Advisors

by Ulrika Lomas,, Brussels

Thursday, June 22, 2017

The European Commission has proposed new transparency rules for intermediaries who design and promote tax planning schemes for their clients. Read Full Story


Grenada Launches Stamp Tax Amnesty

by Mike Godfrey,, Washington

Wednesday, June 21, 2017

Business owners in the Caribbean territory Grenada are being encouraged to take advantage of an annual stamp tax filing amnesty, which will run from June 1, 2017, to August 31, 2017. Read Full Story


Canada Cracking Down On Real Estate Tax Evasion

by Mike Godfrey,, Washington

Tuesday, June 20, 2017

The Canada Revenue Agency has said that audits it undertook between April 2015 and March 2017 of real estate transactions resulted in more than CAD329.4m (USD249.2m) in assessed income that had not been reported. Read Full Story


Canada To Amend Voluntary Disclosure Program

by Mike Godfrey,, Washington

Monday, June 12, 2017

The Canadian Government has announced a consultation on proposed changes to the Voluntary Disclosures Program that will narrow the eligibility criteria and make the regime less generous. Read Full Story


Guatemala Offers Three-Month Tax Amnesty

by Mike Godfrey,, Washington

Monday, June 5, 2017

Guatemala has announced that it will waive interest and penalties on taxpayers who agree to pay any unpaid tax promptly. Read Full Story




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