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Compliance News




New Zealand Tweaking GST Rule Changes For Offshore Suppliers

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

Thursday, June 13, 2019

New Zealand's Finance and Expenditure Committee has recommended changes to legislation that would introduce a new requirement for offshore suppliers to collect GST on low-value goods supplied to New Zealand-based consumers. Read Full Story

 


EU Takes Action Against Spain Over Rules On Reporting Of Assets

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 13, 2019

The European Commission is taking Spain to the Court of Justice over the imposition of "disproportionate" sanctions for failure to report assets held abroad. Read Full Story

 


Poland Launches Consultation On VAT Split Payment Mechanism

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

On May 16, 2019, Poland's Ministry of Finance launched a public consultation on proposals to introduce a VAT split payment mechanism on a mandatory basis for certain suppliers. Read Full Story

 


US IRS Commits To Resolve Transition Tax Issues

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 5, 2019

A review of the deemed repatriation tax under the United States Tax Cuts and Jobs Act 2017 by the Treasury Inspector General for Tax Administration has found that the Internal Revenue Service encountered significant problems administering the retroactive components of the tax. Read Full Story

 


UK Tables Regulations For Offshore Intangibles Measure

by Jason Gorringe, Tax-News.com, London

Friday, May 31, 2019

The UK Government has published for consultation draft regulations for the "Offshore receipts in respect of intangible property measure," added to UK law via Schedule 3 to the Finance Act 2019. Read Full Story

 


IMF Advises Luxembourg On Coping With International Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 31, 2019

The IMF has welcomed Luxembourg's efforts to meet international tax standards but cautioned that international tax reform could hit the country's tax base. Read Full Story

 


EU Launches New System For Tackling VAT Fraud

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, May 21, 2019

The European Commission has announced the launch of the Transaction Network Analysis tool, a new system to enable EU member states to rapidly exchange and jointly process VAT data. Read Full Story

 


NZ Accountants Welcome Tax Reform Decisions

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

Monday, April 29, 2019

Chartered Accountants Australia and New Zealand (CA ANZ) has given a guarded welcome to the New Zealand Government's response to the recommendations of the Tax Working Group. Read Full Story

 


Australia Explains End-Of-Year Reporting Under STP

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

Monday, April 29, 2019

The Australian Taxation Office has issued guidance on how employers can prepare for end-of-year reporting under the new Single Touch Payroll system. Read Full Story

 


More UK Tax Guidance Needed, Not Enforcement, Firms Say

by Jason Gorringe, Tax-News.com, London

Monday, April 29, 2019

UK businesses believe that the UK tax system is fundamentally unfair and they want more support to stay compliant, according to new research released on April 23 by the British Chambers of Commerce. Read Full Story

 

 

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