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International Tax News



Hong Kong Again Slashes Interest On Early Tax Payments

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

Wednesday, June 9, 2021

The Hong Kong Inland Revenue Department has announced a further reduction to the interest rate payable on Tax Reserve Certificates. Read Full Story


US IRS Flags Deadline For Q2 Estimated Tax Payments

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 9, 2021

The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty. Read Full Story


Australian Tax Agency Announces Virtual Currency Tax Focus

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

Wednesday, June 9, 2021

The Australian Taxation Office has expressed its concern that some taxpayers do not fully understand the tax implications of cryptocurrency gains. Read Full Story


EFTA States' Tax Rulings Receive The All-Clear

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 9, 2021

The EFTA Surveillance Authority has closed its investigations into the tax ruling practices of Iceland, Liechtenstein, and Norway, without finding any evidence of state aid infringements. Read Full Story


Hong Kong Enhances Tax Rules For Amalgamations

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

Wednesday, June 9, 2021

Hong Kong's Legislative Council has passed a bill to implement a series of amendments to the Inland Revenue Ordinance. Read Full Story


Putin Signs Law To Withdraw From Dutch DTA

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 9, 2021

Russia's President Vladimir Putin has signed a law to terminate the country's double tax agreement with the Netherlands. Read Full Story


Malta Releases Corporate Income Tax Returns

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 9, 2021

Malta's Commissioner for Revenue has released year of assessment 2021 electronic income tax returns for companies. Read Full Story


Mexico Enacts Outsourcing Tax Law Changes

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 9, 2021

Mexico has recently enacted legislative amendments to various tax laws in a bid to restrict the ability of companies to enter into outsourcing arrangements. Read Full Story


Singapore Issues Corporate Tax Return Filing Guidance

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

Wednesday, June 9, 2021

The Inland Revenue Authority of Singapore has released guidance for companies on filing a corporate income tax return this year. Read Full Story


Hong Kong Issues Tax Returns For Individuals

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

Wednesday, May 12, 2021

On May 3, 2021, the Hong Kong Inland Revenue Department issued over 2.62 million tax returns for individuals for the year of assessment 2020-21. Read Full Story


Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, May 12, 2021

Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evasion. Read Full Story


Philippines To Complete Tax Incentives Review By Early May

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

Monday, April 26, 2021

The Philippines Department of Finance has announced that the Fiscal Incentives Review Board (FIRB) will complete the implementing rules and regulations for the corporate Recovery and Tax Incentives for Enterprises (CREATE) Act by the third week of May. Read Full Story











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