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Switzerland Gearing Up For Corporate Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 16, 2018

The Swiss Government has announced that, in preparation for a major overhaul of the tax system, existing practices on the taxation of principal companies and finance branches will not be applied to new companies as of 2019. Read Full Story


OECD Releases Guidance On Impact Of BEPS MLI

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 16, 2018

Read Full Story


Singaporean Corporate Tax Returns Soon Due

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

Friday, November 16, 2018

The Inland Revenue Authority of Singapore has issued a reminder to companies that the corporate income tax return filing deadline is either November 30, 2018, for paper returns, or December 15, 2018, for electronically filed returns. Read Full Story


Germany's Bundestag Approves VAT Reforms

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 16, 2018

Germany's parliament, the Bundestag, has approved the introduction of new value-added tax rules for online marketplaces. Read Full Story


Australia Consults On Tax Implications Of Insurance Law Reform

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

Friday, November 16, 2018

The Australian Government is consulting on the tax implications of a new accounting standard for insurance contracts. Read Full Story


UK To Shutter Second Home Tax Avoidance 'Loophole'

by Jason Gorringe, Tax-News.com, London

Friday, November 9, 2018

The UK Government has announced its intention to tackle the use of a commercial property tax (business rates) exemption, intended only for small businesses, by second-home owners to avoid paying residential property tax (Council Tax) on those homes. Read Full Story


Swiss Gov't Amends AEOI Ordinance

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 9, 2018

The Swiss Federal Council has amended its automatic exchange of tax information legislation to remove a transitional provision relating to the initial stage of implementation. Read Full Story


No Agreement Yet On EU Digital Services Tax

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 9, 2018

European Finance Ministers have failed to reach an agreement on the EU's proposed digital services tax, following opposition from some member states. Read Full Story


Finland To Strengthen CFC Legislation

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 9, 2018

The Finnish Government has proposed changes to controlled foreign company legislation that would widen the scope of the law and bring Finland in line with the European Union Anti-Tax Avoidance Directive. Read Full Story


HMRC's Large Business Tax Inquiries Now Taking Three Years

by Jason Gorringe, Tax-News.com, London

Friday, November 9, 2018

The average length of HMRC's tax inquiries into large businesses are now taking more than three years to settle, with each case taking around 39 months to resolve in 2017/18, up from 34 months in 2016/17, according to Pinsent Masons, the international law firm. Read Full Story


Malaysia Announces Corporate Tax, Sales Tax Reforms In Budget

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

Friday, November 9, 2018

Malaysia's 2019 Budget contains plans for an overhaul of sales and service tax rules and a corporate tax cut for small- and medium-sized enterprises. Read Full Story


FASB Issues New Standard For Variable Interest Entities

by Mike Godfrey, Tax-News.com, Washington

Friday, November 2, 2018

The Financial Accounting Standards Board (FASB) on October 31 issued Accounting Standards Update 2018-17, intended to reduce the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs), for which consolidation is not based on a majority of voting rights. Read Full Story


Switzerland Notes Upcoming Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 2, 2018

The Swiss Federal Tax Administration has published a list of changes to the tax system that will take effect over the period 2019-2021. Read Full Story


Hong Kong's Parliament Endorses Improved R And D Tax Breaks

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

Friday, November 2, 2018

Hong Kong's Legislative Council has passed legislation to improve the jurisdiction's tax incentives for research and development spending. Read Full Story


UK Announces Digital Tax, Corporate Tax Reforms In New Budget

by Jason Gorringe, Tax-News.com, London

Friday, November 2, 2018

The UK's 2018 Budget includes changes to tax rules for companies, and notably for multinational groups to conform with the EU's Anti Tax Avoidance Directive. Most significantly, the UK has decided to move ahead of the EU in announcing that it will apply a tax on the turnover of certain digital businesses. Read Full Story


Australian Tax Office Expands Data Matching Program

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

Friday, November 2, 2018

The Australian Taxation Office has announced that it is expanding its data matching program to focus on information it receives from partner organizations on shares held by taxpayers. Read Full Story


Australian SME Tax Cuts Now Law

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

Monday, October 29, 2018

Legislation to reduce Australia's small business tax rate received Royal Assent on October 25. Read Full Story


Estonia Tops Tax Foundation's Tax Competitiveness Index

by Mike Godfrey, Tax-News.com, Washington

Monday, October 29, 2018

Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD." Read Full Story


Switzerland To Maintain 2018 Interest Rates For Overdue Tax, Refunds in 2019

by Ulrika Lomas, Tax-News.com, Brussels

Monday, October 29, 2018

Switzerland will keep unchanged the amount of interest charged to taxpayers on outstanding tax payments during 2019. Read Full Story


HMRC Focusing On Image Rights Tax Avoidance

by Jason Gorringe, Tax-News.com, London

Monday, October 29, 2018

The UK tax agency has confirmed that it is investigating around 170 professional soccer players' tax affairs and around 20 football clubs, focusing on the taxation of image rights. Read Full Story


NZ Legislates For New Research And Development Tax Incentive

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

Friday, October 26, 2018

The New Zealand Government has introduced legislation to implement a new research and development tax incentive. Read Full Story


Canada To Push Ahead With Carbon Tax Plans

by Mike Godfrey, Tax-News.com, Washington

Monday, October 29, 2018

Canada's federal Government has announced that it will impose a carbon price in Ontario, New Brunswick, Manitoba, and Saskatchewan in 2019. Read Full Story


EU Tells Italy To Revise 2019 Budget Plan

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 26, 2018

On October 23, 2018, the European Commission issued a request to the Italian Government that it revise its draft budgetary plan for 2019 because it breaches European Union fiscal rules. Read Full Story


Global CPA Body Calls For International Digital Tax Solution

by Ulrika Lomas, Tax-News.com, Brussels

Monday, October 29, 2018

The Association of International Certified Professional Accountants has issued a policy paper calling for a multilateral approach to solving the tax challenges posed by the digital economy. Read Full Story


Australia To Improve Division 7A Tax Rules For Shareholders

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

Friday, October 26, 2018

The Australian Government is to simplify taxpayers' compliance with rules designed to prevent shareholders from using private company profits without paying tax at their marginal rates. Read Full Story













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