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Compliance News




UK Criticized For Overzealous Offshore Tax Enforcement Plans

by Jason Gorringe, Tax-News.com, London

Thursday, May 17, 2018

The Chartered Institute of Taxation has criticized a new UK government proposal to extend significantly the tax assessment time limits in cases involving offshore tax matters. 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

 


Macau To Sign OECD Multilateral Information Exchange Treaty

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

Friday, May 11, 2018

Macau's Chief Executive has issued an order authorizing signature of the OECD Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information. Read Full Story

 


Barbados Rejects UK Push For Public Beneficial Ownership Register

by Mike Godfrey, Tax-News.com, Washington

Friday, May 11, 2018

Barbados's Minister of Industry, International Business, Commerce, and Small Business Development, Donville Inniss, has told a Society of Trust and Estate Practitioners (STEP) conference there is no support on the island for a public register of beneficial ownership. Read Full Story

 


Cayman Launches CbC Reporting Portal

by Mike Godfrey, Tax-News.com, Washington

Friday, May 11, 2018

The Cayman Islands' country-by-country (CbC) reporting portal is now open, with the first CbC reports due from some taxpayers by the end of the month. Read Full Story

 


EU May Simplify VAT Rules For SMEs Earlier, Starting 2020

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 11, 2018

The EU's Committee on Economic and Monetary Affairs has recommended that the implementation of proposals to significantly simplify value-added tax compliance obligations for small and medium enterprises should be brought forward to the beginning of 2020. Read Full Story

 


S Korea Issues Guide For Foreign Taxpayers

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

Friday, May 4, 2018

South Korea's National Tax Service has released guidance in English for foreign taxpayers to comply with their South Korean tax affairs. 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

 


Australia To Scrutinize Company Vehicle Tax Claims

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

Thursday, May 3, 2018

The Australian Taxation Office has said that it will be examining claims for car expenses this tax time as part of a broader focus on work-related expenses. Read Full Story

 


New Zealand Consults On Imposing GST On Low-Value Imports

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

Thursday, May 3, 2018

New Zealand has launched a consultation on proposals to charge goods and services tax on consignments worth less than NZD400, which currently benefit from a tax exemption for low-value imports, from October 1, 2019. Read Full Story

 

 

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