FASB Seeks To Ease Transition To New Credit Losses Standard

by Mike Godfrey, Tax-News.com, Washington

Monday, February 18, 2019

On February 6, 2019, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would ease transition to the credit losses standard by providing the option to measure certain types of assets at fair value. Read Full Story

Switzerland, UK Agree On Post-Brexit Trade Relationship

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 12, 2019

The UK and Switzerland have signed a trade continuity agreement that will serve as a basis for their trading relationship after Brexit. Read Full Story

UK Urges Businesses To Prepare For VAT Process Disruptions

by Jason Gorringe, Tax-News.com, London

Monday, February 18, 2019

The UK Government has released VAT guidance for businesses on how existing IT processes will be impacted should the UK leave the EU on March 29, 2019, without a deal. Read Full Story

Ireland To Allow Firms To Postpone Accounting For Import VAT

by Jason Gorringe, Tax-News.com, London

Tuesday, February 12, 2019

Ireland's Finance Minister, Paschal Donohoe, on February 6, 2018, confirmed that the Government proposes to introduce a system of postponed accounting for VAT should there by a no-deal Brexit. Read Full Story

UK Tax Info Request To Dubai Resident Lawful, UK Court Says

by Jason Gorringe, Tax-News.com, London

Tuesday, February 12, 2019

The UK's Court of Appeal has ruled that HM Revenue and Customs acted lawfully when issuing a request to a British expat in Dubai for documents concerning his tax affairs. Read Full Story

Ireland Opposes Majority Voting On Major EU Tax Proposals

by Jason Gorringe, Tax-News.com, London

Tuesday, February 12, 2019

Irish Finance Minister Paschal Donohoe has said that he does not see the need for the EU to scrap the requirement for unanimous voting on tax issues. Read Full Story

Businesses Welcome Int'l Push For Digital Tax Solution

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 12, 2019

Businesses have welcomed confirmation from the OECD that countries have committed to a seek an international agreement on the taxation of the digital economy, rather than pursue unilateral measures. Read Full Story

Australia Explains Tax Disclosure Obligation On Largest Firms

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

Tuesday, February 12, 2019

The Australian Taxation Office has issued an e-brief on how companies can assess if they are required to submit a reportable tax position schedule. Read Full Story

Ireland Updates Special Assignee Relief Programme Guide

by Jason Gorringe, Tax-News.com, London

Tuesday, February 12, 2019

The Irish tax agency has updated its guidance on provisions in Section 825C of the Taxes Consolidation Act 1997 on the Special Assignee Relief Programme. Read Full Story

Philippines To Double Down On Tax Audits

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

Tuesday, February 12, 2019

The Commissioner of the Philippines Bureau of Internal Revenue, Caesar Dulay, has said the country will introduce a more stringent audit program in 2019, to further improve the tax take. Read Full Story

Netherlands To Improve Employee Allowance Scheme

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 12, 2019

The Dutch Ministry of Finance announced on February 1, 2019, that the work-related costs scheme will be improved from 2020. Read Full Story

Seychelles Brings Tax Perks Into Line With Int'l Standards

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

Tuesday, February 5, 2019

The Seychelles says that the OECD has found the territory to have made sufficient reforms to comply with its BEPS Action 5 standard on harmful tax regimes. Read Full Story

IRS Launches Tax Filing Season

by Mike Godfrey, Tax-News.com, Washington

Tuesday, February 5, 2019

The United States Internal Revenue Service has announced that it "successfully" opened the 2019 tax-filing season, with the the agency now accepting and processing federal tax returns for the 2018 tax year. Read Full Story

UK Legislates For Postponed Import VAT Accounting

by Jason Gorringe, Tax-News.com, London

Tuesday, February 5, 2019

The UK Government has published, and tabled before the House of Commons, The Value Added Tax (Accounting Procedures for Import VAT for VAT Registered Persons and Amendment) (EU Exit) Regulations 2019. Read Full Story

France Seeks Corporate Minimum Tax At G7

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 5, 2019

French Finance Minister Bruno Le Maire has said that the "fair" taxation of multinational companies will be at the heart of the G7's agenda during the French presidency of the group. Read Full Story

EU To Probe Potential Abuses Of Citizenship By Investment Schemes

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 28, 2019

For the first time, the Commission has presented a comprehensive report on investor citizenship and residence schemes operated by a number of EU member states. Read Full Story

New Swiss Corporate Tax Reform Requires Public Approval

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 5, 2019

A federal referendum will be held on May 19, 2019, in Switzerland on an overhaul to the corporate tax code, to bring it into line with international standards. Read Full Story

France Hoping For Deal On EU Digital Tax Soon

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 28, 2019

France's Finance Minister has said that an agreement on an EU-wide digital services tax could be reached by the end of March. Read Full Story

Swiss Advisory Board Recommends WHT, Property Tax Reform

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 21, 2019

The advisory board tasked with reporting on the state of Switzerland's financial centre has recommended changes to the country's withholding tax and property tax regimes. Read Full Story

New Indonesian E-Commerce Tax Obligations From April

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

Monday, January 28, 2019

Indonesia's Ministry of Finance has confirmed that online marketplaces and sellers must comply with VAT and income tax obligations set out in Indonesian in Regulation Number 210/PMK.010/2018 from April 1, 2019. Read Full Story

Italy Lists Companies Covered By VAT Split Payment Regime

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 21, 2019

The Italian Department of Finance has released new lists of government and private sector entities covered by Italy's split-payment mechanism. Read Full Story

New IFRS Accounting Standard On Leases Effective

by Jason Gorringe, Tax-News.com, London

Monday, January 21, 2019

International Financial Reporting Standard 16 'Leases', issued in January 2016, is effective for annual reporting periods starting on or after January 1, 2019. It replaces IAS 17 Leases and related interpretations. Read Full Story

Ukraine To Launch Transfer Pricing Unit

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 21, 2019

On January 9, 2018, the Ukrainian State Fiscal Service announced that a new department dedicated to transfer pricing and international and large business tax issues will be established. Read Full Story

Germany's CDU Party Calls For Corporate Tax Cut

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 21, 2019

Annegret Kramp-Karrenbauer, chair of the German Christian Democrat Union (CDU), has said that the Government should consider cutting corporate tax to help stave off a slowdown in the economy. Read Full Story

Belgium Introduces Optional VAT On Property Leases

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 21, 2019

On January 10, 2018, the Belgian Ministry of Finance reminded taxpayers letting and leasing certain real estate that they can opt in to the value-added tax regime. Read Full Story

• 15/01/2019 Swiss Tax Deals With Brazil To Become Effective »
• 11/01/2019 UK Launches Profit Diversion Compliance Facility For MNEs »
• 11/01/2019 Mexico Enacts Decree For Tax Cuts In Border States »
• 10/01/2019 Finland-Portugal Tax Treaty Terminated »
• 04/01/2019 EU Gazettes Directive For Generalised Reverse Charge Mechanism »
• 03/01/2019 Netherlands Announces Tax 'Blacklist' »
• 31/12/2018 UK Crown Dependencies Introducing Economic Substance Rules »
• 27/12/2018 Seychelles Enacts BEPS Legislation »
• 27/12/2018 EU VAT Changes On Vouchers To Take Effect »
• 26/12/2018 Canadian Tax Regime To Be Enhanced From 2019 »
• 26/12/2018 Greece To Cut Corporate Tax »
• 20/12/2018 UK Legislates To Close Insurance VAT Loophole »
• 20/12/2018 Luxembourg Adopts Anti-Tax Avoidance Law »
• 19/12/2018 Philippines To Soon Launch Tax Amnesty »
• 19/12/2018 France To Levy Digital Tax Starting Jan 2019 »
• 18/12/2018 Switzerland To Offer UK Equivalent Trade Terms After Brexit »
• 18/12/2018 EFTA States, Indonesia Ink Trade Deal »
• 17/12/2018 IRS Issues Proposed Regulations On BEAT »
• 14/12/2018 Swiss 'Robot Taxes' Deemed Unnecessary »
• 14/12/2018 Seychelles Supported To Implement BEPS Measures »
• 13/12/2018 Ukrainian Corporate Tax Reform Plans Shelved »
• 13/12/2018 EU Issues Regulations On 2021 VAT Rule Changes For E-Commerce »
• 12/12/2018 Belgium Reminds Traders Of Upcoming VAT Deadlines »
• 11/12/2018 ECJ Rules UK Can Unilaterally Ditch Brexit Plans »
• 07/12/2018 Australian Regulator Flags Important Accounting Standard Changes »

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