New Zealand To Better Track Taxpayers' Property Transactions

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

Friday, June 21, 2019

New Zealand's Inland Revenue has announced that those who buy and sell property will be required to provide their IRD number on land transfer documentation, to improve the agency's ability to enforce the tax rules on property speculation. Read Full Story

Mauritius Overhauls Tax Regime In 2019-20 Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, June 21, 2019

Mauritius announced a multitude of changes to all areas of its tax regime in its 2019-2020 Budget, including international tax reforms; value-added tax changes; new corporate tax relief measures, including a new patent box regime; a regime for peer-to-peer lending; individual tax breaks; and a tax amnesty scheme. Read Full Story

Bolivian Tax Amnesty To Close June 28

by Mike Godfrey, Tax-News.com, Washington

Friday, June 21, 2019

Bolivian taxpayers have until a twice-extended deadline of June 28, 2019, to regularize their affairs and benefit from reduced penalty rates. Read Full Story

IRS Opens US Compliance Assurance Program To Applicants

by Mike Godfrey, Tax-News.com, Washington

Friday, June 21, 2019

On June 14, 2019, the US Internal Revenue Service announced that it is looking for new applicants for the Compliance Assurance Process (CAP), a cooperative compliance program aimed at publicly traded corporate taxpayers. Read Full Story

Switzerland Schedules Corporate Tax Overhaul For 2020

by Ulrika Lomas, Tax-News.com, Brussels

Friday, June 21, 2019

The Swiss Federal Council has announced that the Federal Act on Tax Reform and AHV Financing will enter into force on January 1, 2020. Read Full Story

US Congress Passes IRS Reform Bill

by Mike Godfrey, Tax-News.com, Washington

Friday, June 21, 2019

On June 13, 2019, the US Senate approved the Taxpayer First Act, which is intended to overhaul the Internal Revenue Service and strengthen taxpayer rights. Read Full Story

Finland Launches Consultation On EU Exit Tax

by Ulrika Lomas, Tax-News.con, Brussels

Friday, June 21, 2019

On June 14, 2019, the Finnish Ministry of Finance launched a consultation on draft exit tax legislation. Read Full Story

Costa Rica To Introduce VAT From July 1

by Mike Godfrey, Tax-News.com, Washington

Friday, June 21, 2019

Costa Rica will introduce a new value-added tax regime, in place of sales tax, starting July 1, 2019. Read Full Story

Switzerland, Netherlands Amend Double Tax Pact

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 13, 2019

Switzerland and the Netherlands have signed a protocol to their double tax agreement that will bring it into line with international standards. Read Full Story

OECD Fleshes Out Int'l Tax Reform Plans During BEPS Webcast

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 13, 2019

During a webcast on June 11, the OECD provided a technical update on its work to develop new, modernized international tax rules for the digitalized economy. Read Full Story

Brazil Releases 2019 Tax FAQs For Corporations

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 13, 2019

Brazil's General Coordination of Taxation (COSIT) has announced the release of the 2019 edition of the comprehensive FAQs for legal entities, updated with changes made to Brazil's corporate tax, social security, and international tax provisions in 2018. Read Full Story

New EU Requirements For IFRS Financial Statements From 2020

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 13, 2019

The European Commission has announced that listed companies that prepare consolidated financial statements using IFRS Standards will be required to tag their primary financial statements using the IFRS Taxonomy for financial years starting on or after January 1, 2020. Read Full Story

Brazil, Uruguay Agree Anti-BEPS Provisions In New Treaty

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 13, 2019

Brazil and Uruguay have included provisions to tackle base erosion and profit shifting in a new double tax agreement, signed on June 7, 2019. Read Full Story

US House Passes IRS Reform Bill

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 13, 2019

On June 10, 2019, the United States House of Representatives approved legislation which would reform the rules governing the Internal Revenue Service. Read Full Story

New Zealand Tweaking GST Rule Changes For Offshore Suppliers

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

Thursday, June 13, 2019

New Zealand's Finance and Expenditure Committee has recommended changes to legislation that would introduce a new requirement for offshore suppliers to collect GST on low-value goods supplied to New Zealand-based consumers. Read Full Story

Ireland Consults On Capital Gains Tax Relief Review

by Jason Gorringe, Tax-News.com, London

Thursday, June 13, 2019

The Irish Finance Department has launched a consultation on potential changes to the capital gains tax revised entrepreneur relief. Read Full Story

IRS To Probe Deeper Into Cost-Sharing Arrangements

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 13, 2019

The US Internal Revenue Service has directed its transfer pricing examiners to resume reviewing taxpayers' transfer pricing positions with respect to cost-sharing agreements in certain circumstances. Read Full Story

EU Takes Action Against Spain Over Rules On Reporting Of Assets

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 13, 2019

The European Commission is taking Spain to the Court of Justice over the imposition of "disproportionate" sanctions for failure to report assets held abroad. Read Full Story

Global Tax Information Exchange Has Netted States Billions

by Ulrika Lomas, Tax-News.com, Brussels

Friday, June 21, 2019

The OECD has reported on the progress achieved to improve tax transparency internationally under the new Common Reporting Standard (CRS), ahead of the meeting of G20 finance ministers in Fukuoka, Japan. Read Full Story

Switzerland, Iran Sign DTA Protocol

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 13, 2019

Switzerland and Iran have signed a protocol to their double tax agreement that will bring it into line with international standards. Read Full Story

Luxembourg Ministers Endorse EU VAT 'Quick Fixes'

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

Luxembourg's Government Council, comprising government ministers, has approved legislative changes to the territory's VAT regime to introduce the four quick fixes to improve the functioning of VAT rules in the European Union. Read Full Story

NZ Requests Input On Design Of New Digital Services Tax

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

Wednesday, June 5, 2019

New Zealand's Inland Revenue has launched a consultation seeking feedback on the design of a new digital services tax (DST). Read Full Story

Singapore Issues TP Guidance For Commodities Traders

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

Wednesday, June 5, 2019

The Inland Revenue Authority of Singapore has released new transfer pricing guidance on determining the economic value of taxpayers' commodity marketing and trading activities in Singapore. Read Full Story

Hungary Announces Tax Cut Plan

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

On May 31, 2019, the Hungarian Ministry of Finance announced numerous tax cuts as part of an economic growth plan. Read Full Story

Czech Republic Announces Anti-Avoidance Measures

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

The Czech Ministry of Finance announced on May 31, 2019, a legislative package to implement the European Union directive on the mandatory reporting of tax planning arrangements and the EU VAT "quick fixes." Read Full Story

• 03/06/2019 BEPS Inclusive Framework States Agree Digital Tax Roadmap »
• 03/06/2019 Bahamas Announces VAT, Bank Tax Reforms In New Budget »
• 03/06/2019 South African Carbon Tax Introduced On June 1 »
• 31/05/2019 New Zealand Confirms Tax Proposals In 2019 Budget »
• 31/05/2019 Poland Launches Consultation On VAT Split Payment Mechanism »
• 31/05/2019 US IRS Commits To Resolve Transition Tax Issues »
• 31/05/2019 Switzerland To Expand AEOI Network »
• 30/05/2019 Democrats Introduce US Anti-Offshoring Bills »
• 30/05/2019 Philippines To Launch Estate Tax Amnesty In June »
• 30/05/2019 Netherlands Announces 2019 Fiscal Agenda »
• 30/05/2019 Germany To Provide Tax Breaks For R And D »
• 30/05/2019 IRS Proposes Extra Controlled Foreign Company Rules »
• 29/05/2019 Wyden Bill Would Close US Carried Interest 'Loophole' »
• 29/05/2019 UK Tables Regulations For Offshore Intangibles Measure »
• 28/05/2019 Switzerland Approves FTA With Indonesia »
• 28/05/2019 IMF Advises Luxembourg On Coping With International Tax Changes »
• 28/05/2019 Pakistan's Budget Expected To Feature Sales Tax Hike »
• 24/05/2019 Switzerland Confirms CIT Reforms »
• 21/05/2019 Greek Parliament Approves VAT Cuts »
• 21/05/2019 NZ To Reform GST Rules On Telecoms In Next Budget »
• 21/05/2019 Belgium Confirms CIT Filing Deadlines »
• 17/05/2019 UK Financial Reporting Council Issues Guide For Small Listed Firms »
• 17/05/2019 EU Launches New System For Tackling VAT Fraud »
• 17/05/2019 Switzerland Consults On Trade Agreement With UK »
• 08/05/2019 Belgium Begins Accepting Personal Income Tax Returns »

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