Philippines Aiming To Finalize Tax Reform By End Of October

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

Tuesday, September 4, 2018

Benjamin Diokno, the Philippines' Budget and Management Secretary, says the Government should secure the passage of all the remaining comprehensive tax reform bills within the next two months. Read Full Story

Denmark Invests Further In Tax Administration

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, September 4, 2018

Danish Minister of Taxation Karsten Lauritzen has announced that the Government has allocated an additional DKK2.2bn (USD342m) for the modernization of the tax authority's administrative systems in an attempt to strengthen tax collection. Read Full Story

Australia, Indonesia Finalize Trade Agreement

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

Tuesday, September 4, 2018

Australia and Indonesia have concluded negotiations on a new trading agreement that will eliminate tariffs on a range of products. Read Full Story

Finnish Government Reaches 2019 Budget Agreement

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, September 4, 2018

A number of incentives have been included in the Finnish Government's 2019 Budget to encourage investment in the shares of both small and listed companies. Read Full Story

Australian PM Planning New SME Tax Changes

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

Tuesday, September 4, 2018

Australia's new Prime Minister has said his Government is working on plans to help improve the tax competitiveness of small businesses. Read Full Story

Filipino Bill Would Extend Corporate Tax Perks For Schools, Hospitals

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

Friday, August 17, 2018

Filipino non-profit private schools and hospitals that adhere to high standards will continue to enjoy a corporate tax rate of 10 percent if a bill before the House of Representatives is adopted. Read Full Story

Croatia To Delay VAT Rate Cut Until 2020

by Ulrika Lomas, Tax-News.com, Brussels

Friday, August 17, 2018

The Croatian Government has announced that it will delay a planned one-percent value-added tax cut until 2020 but will cut VAT on some basic commodities from the beginning of next year. Read Full Story

Switzerland, India To Share Tax Data, Conclude FTA

by Ulrika Lomas, Tax-News.com, Brussels

Friday, August 17, 2018

Officials from Switzerland and India have discussed the automatic exchange of tax information and free trade. Read Full Story

Switzerland To Hand Over HSBC Data To India

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 9, 2018

India is to receive bank account information from HSBC, after Switzerland's highest court ruled that the bank is obligated to provide data requested where the leaked data has not been purchased. Read Full Story

Luxembourg Introduces New VAT Group Regime

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 9, 2018

Bill of law no. 7278, providing for the implementation of new value-added tax grouping rules in Luxembourg, entered into force on July 31, 2018. The bill was approved by parliament on July 26. Read Full Story

Malaysia To Phase Out 'Harmful' Tax Regime

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

Tuesday, August 7, 2018

Malaysia has suspended its MSC Malaysia tax regime, pending changes to bring it into line with recommendations from the OECD's Base Erosion and Profit Shifting initiative. Read Full Story

BEPS Project Has Triggered Near-Global Tax Reform: OECD

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, July 26, 2018

The OECD has committed to providing proposals to fix the taxation of the digital economy by 2020, in an update to G20 leaders on international efforts to mitigate base erosion and profit shifting (BEPS). Read Full Story

Switzerland Throws Weight Behind Global Digital Tax Fix

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, July 26, 2018

Switzerland wants to see the introduction of an internationally applicable standard for the taxation of the digital economy. Read Full Story

Spain's PM Proposes Minimum Corporate Tax Burden

by Ulrika Lomas, Tax-News.com, Brussels

Monday, July 23, 2018

Spanish Prime Minister Pedro Sanchez has pledged to reform Spain's corporate tax rules so that companies pay an effective rate no lower than 15 percent. Read Full Story

EU, Japan Ink New Trade Agreement

by Ulrika Lomas, Tax-News.com, Brussels

Monday, July 23, 2018

The EU and Japan have signed an Economic Partnership Agreement that will remove the majority of the EUR1bn (USD1.2bn) of duties paid annually by EU companies exporting to Japan. Read Full Story

UK Must Leave EU VAT Area, UK's Lower House Votes

by Ulrika Lomas, Tax-News.com, Brussels

Monday, July 23, 2018

Upon leaving the European Union, the UK should not be included in the EU VAT area and adopt its own specific VAT regime, UK lawmakers agreed on July 16, 2018, in a move that may derail the Government's efforts to agree a Brexit transition period to cushion the impact of Brexit on firms. Read Full Story

US Urged To Trim Tax Form W-4

by Mike Godfrey, Tax-News.com, Washington

Monday, July 16, 2018

The American Institute of CPAs has urged the Internal Revenue Service and the US Treasury Department to simplify the draft 2019 Form W-4, Employee's Withholding Allowance Certificate, and the accompanying instructions, to reduce administrative burdens on taxpayers. Read Full Story

South Africa Drops Paper Forms To Encourage E-Filiing

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, July 16, 2018

The South African Revenue Service has removed certain paper forms from its branches in an attempt to encourage more taxpayers to file tax returns electronically. Read Full Story

Netherlands Ponders New Aviation Tax

by Ulrika Lomas, Tax-News.com, Brussels

Monday, July 16, 2018

The Dutch Government has begun a public consultation exercise on plans to introduce a new tax on air travel by 2021. Read Full Story

Australian Tax Changes Effective From July 1

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

Friday, July 6, 2018

The Australian Government has set out the numerous changes made to the tax system on July 1 and launched a consultation on new tax rules for "stapled structures." Read Full Story

UK Legislates To Adopt New EU VAT Rules For Vouchers

by Jason Gorringe, Tax-News.com, London

Friday, July 6, 2018

On July 6, 2018, the UK Government issued draft legislation that would transpose new EU value-added tax rules on vouchers into UK law, along with an explanatory memorandum of the changes. Read Full Story

IMF Urges US To Hike Indirect Taxes

by Mike Godfrey, Tax-News.com, Washington

Friday, July 6, 2018

The International Monetary Fund has recommended that the United States raise indirect taxes to boost revenues, to offset the cost of recent tax cuts and spending increases. Read Full Story

Pakistani Tax Amnesties Extended Until July 31

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

Monday, July 9, 2018

Pakistan's Government has approved a one-month extension to tax amnesties for companies and individuals, which were due to end on June 30, 2018. Read Full Story

Ontario Withdraws Support For Canadian Carbon Taxes

by Mike Godfrey, Tax-News.com, Washington

Monday, July 16, 2018

Ontario's new government has scrapped the province's cap-and-trade carbon pricing regime, effective July 3. Read Full Story

OECD Welcomes Dutch Efforts To Counter BEPS

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, July 4, 2018

The OECD has welcomed efforts by the Dutch Government to tackle base erosion and profit shifting but called for the overall tax regime to be simplified, including in area of value-added tax. Read Full Story

• 05/07/2018 Danish Tax Agency Overhaul Complete »
• 03/07/2018 IRS Announces Plans To Simplify Personal Income Tax Return »
• 02/07/2018 Wolters Kluwer Tax Expert Weighs In On Landmark Wayfair Ruling »
• 29/06/2018 France Exits EU's Excessive Deficit Procedure »
• 29/06/2018 Australian Gov't Delays Company Tax Vote »
• 28/06/2018 Tech Groups Raise Concerns About EU Digital Tax »
• 28/06/2018 EFTA States Sign New Free Trade Deals »
• 25/06/2018 US Supreme Court Permits States To Tax Remote Sales »
• 22/06/2018 Germany, France Issue New EU Common Corporate Tax Proposals »
• 22/06/2018 Mauritius Announces Company Tax Reforms In New Budget »
• 20/06/2018 Switzerland To Exchange First Swiss CbC Reports In June »
• 18/06/2018 Seychelles Introduces Progressive PIT Regime »
• 15/06/2018 Netherlands To Champion EU VAT Law Change For Cost-Sharing Groups »
• 15/06/2018 Irish Corporate Tax Reform Pushed By MPs, To Shore Up Tax Base »
• 15/06/2018 Hong Kong Issues Tax Compliance Guide For Property Owners »
• 15/06/2018 Denmark Pledges To Lower Tax Burden More »
• 15/06/2018 Canada Promises To Improve Tax Advice Helplines »
• 13/06/2018 G7 Committed To Digital Tax Consensus »
• 13/06/2018 Tax Regime Overhaul Announced In Barbados »
• 13/06/2018 Mauritius's FATCA Filing Deadline July 31 »
• 13/06/2018 Switzerland Adds Services To E-Tax Portal »
• 12/06/2018 DeFazio Tables US Anti-Profit Shifting Bill »
• 12/06/2018 EU Agrees New Money Laundering Rules »
• 11/06/2018 TCJA Encourages Firms To Shift Profits Offshore, Says ITEP »
• 11/06/2018 First Tax-Deferred Pension Scheme Launched In China »

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