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International Law News



Ireland Releases Virtual Currency Tax Guidance

by Robert Lee, Tax-News.com, London

Thursday, May 17, 2018

The Irish Revenue has issued an eBrief to clarify how "normal tax rules" apply to transactions involving cryptocurrencies. Read Full Story


Singapore Legislates For IP Tax Concession Reform

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

Thursday, May 17, 2018

Singapore has gazetted a law to repeal the income tax concession for intellectual property income derived by companies benefiting from the Pioneer Service Companies Incentive or the Development and Expansion Incentive schemes. Read Full Story


EU Council Adopts Directive To Make Company Ownership Data Public

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, May 17, 2018

The European Council has approved a new package of rules designed to prevent fiscal crime, including allowing the public access to information on the beneficial ownership of companies. Read Full Story


India Announces Plans To Simplify GST Filing, Overhaul Refund System

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

Friday, May 4, 2018

Meeting on May 4, 2018, India's GST Council approved plans to simplify GST filing obligations. Read Full Story


UAE Waives VAT On Precious Metals Trading

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, May 3, 2018

The UAE's Cabinet has announced that wholesale trading in gold and diamonds will be made exempt from value-added tax. Read Full Story


Ambitious Tax System Changes Still Necessary In Greece: OECD

by Jason Gorringe, Tax-News.com, London

Thursday, May 3, 2018

In the OECD's latest report for the country, Greece has been urged to broaden its tax base and further clamp down on tax evasion. Read Full Story


Luxembourg Gazettes New IP Box Regime

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 27, 2018

The Government of Luxembourg has published in its Official Gazette the law for the introduction of the new intellectual property tax regime. Read Full Story


Hong Kong To Ensure ITVF Tax Break For Offshore Investors

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

Friday, April 27, 2018

Hong Kong's Government has published a draft law preserving the profits tax exemption for offshore venture capital funds who participate in the island's new Innovation and Technology Venture Fund. Read Full Story


EU Seeks To Prevent BEPS With New Company Law Rules

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 27, 2018

The European Commission has announced new company law rules to, on the one hand, make it easier for companies to merge, divide, or transfer from one member state to another, but, on the other, prevent abusive tax avoidance and profit shifting. Read Full Story


Hong Kong Tables Bill For Research And Development Tax Breaks

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

Tuesday, April 24, 2018

The Hong Kong Government has released a draft bill containing its 2017 proposal to provide an enhanced tax deduction for research and development expenditure. Read Full Story


IRS Issues Guide On New Depreciation And Expensing Rules

by Mike Godfrey, Tax-News.com, Washington

Tuesday, April 24, 2018

The United States Internal Revenue Service has issued a new fact sheet explaining the new deprecation and expensing rules included in the Tax Cuts and Jobs Act. Read Full Story


Think Tank Calls For Scottish VAT Devolution

by Jason Gorringe, Tax-News.com, London

Thursday, April 19, 2018

Reform Scotland, a non-partisan think tank, has called for value-added tax powers to be devolved from the UK Government to the Scottish Government, once legal restrictions imposed by EU law are lifted following the UK's from the European Union. Read Full Story


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