Offshore News

Hong Kong Announces Tax Credit Handout In 2020 Budget

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

Tuesday, March 3, 2020

Hong Kong's 2020 Budget includes plans for a one-off reduction of profits tax, salaries tax, and tax under personal assessment. Read Full Story

J5 Reviews Work To Tackle Cross-Border Tax Crimes

by Mike Godfrey, Tax-News.com Washington

Tuesday, March 3, 2020

On February 19, 2020, the United States Internal Revenue Service announced that the leaders of the Joint Chiefs of Global Tax Enforcement recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead. Read Full Story

Ireland Updates Guidance On EU Exit Tax On IP Flight

by Jason Gorringe, Tax-News.com, London

Thursday, February 20, 2020

The Irish Revenue has updated its guidance on Irish exit tax legislation to reflect changes introduced by Finance Act 2019. Read Full Story

Aruba Releases Transfer Pricing Documentation Templates

by Mike Godfrey, Tax-News.com, Washington

Wednesday, January 15, 2020

Caribbean territory Aruba has released instructions on the completion of transfer pricing documentation and released model templates for completion. Read Full Story

New Zealand To Remove Low-Value Consignment Relief

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

Monday, November 25, 2019

New Zealand is to introduce GST on low-value goods sold by overseas retailers from December 1, 2019. Read Full Story

Overseas Suppliers To NZ Urged To Register For GST

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

Friday, October 18, 2019

New Zealand's tax agency has urged overseas businesses who sell goods valued at NZD1,000 (USD629) or less to register for GST ahead of the December 1, 2019, deadline. Read Full Story

OECD To Provide Another Update On Int'l Tax Reform Work

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 4, 2019

The OECD has announced that the next Tax Talks webcast will be held on October 9. It will update stakeholders on its work to develop new international tax rules. Read Full Story

Ecuador, Serbia Ratify OECD's Multilateral Tax Cooperation Pact

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, September 5, 2019

The OECD on September 2, 2019, announced that Ecuador and Serbia have ratified the multilateral Convention on Mutual Administrative Assistance in Tax Matters. Read Full Story

Deadlines For Colombian Tax Amnesties This Month

by Mike Godfrey, Tax-News.com, Washington

Thursday, September 5, 2019

Two deadlines are approaching in Colombia for taxpayers wishing to take part in ongoing tax amnesties. Read Full Story

Australian High Court Allows Use Of Leaked Data In Tax Probes

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

Thursday, August 22, 2019

The Australian Taxation Office has welcomed a significant ruling from Australia's High Court, which enables the tax agency to use information obtained from data leaks, even if leaked from a law firm. Read Full Story

LLB-Switzerland Signs US Non-Prosecution Agreement

by Mike Godfrey, Tax-News.com, Washington

Thursday, August 8, 2019

On August 5, 2019, the US Department of Justice announced that Swiss bank LLB Verwaltung (Switzerland) AG has agreed to pay a penalty of USD10.6m to resolve a case in which it was accused of helping US clients to conceal income. Read Full Story

IRS's New Enforcement Initiatives Are Aimed At Individuals

by Mike Godfrey, Tax-News.com, Washington

Thursday, July 25, 2019

On July 19, 2019, the United States Internal Revenue Service Large Business and International Division announced six additional compliance campaigns. Read Full Story