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

Cayman Guides On Compliance With CbC Reporting, FATCA, CRS

by Mike Godfrey, Tax-News.com, Washington

Friday, April 6, 2018

The Cayman Islands has released new guidance on the obligation on large multinational groups to file a country-by-country report in the territory and also an update on Common Reporting Standard and US Foreign Account Tax Compliance Act reporting. Read Full Story

IRS To End Offshore Voluntary Disclosure Program

by Mike Godfrey, Tax-News.com, Washington

Wednesday, March 14, 2018

The Internal Revenue Service has announced plans to close the 2014 Offshore Voluntary Disclosure Program (OVDP) from September 28, 2018. Read Full Story

Indonesia Requiring Company Beneficial Ownership Disclosure

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

Tuesday, March 13, 2018

To tackle tax evasion, Indonesia's President Joko Widodo has issued regulations requiring all businesses to disclose details of who beneficially owns the entity. Read Full Story

OECD Delivers Rules To Prevent Tax Transparency Standard Evasion

Tuesday, March 13, 2018

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FATCA Reporting To Start April 16 In Singapore

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

Tuesday, March 6, 2018

Financial institutions in Singapore are required to file information required under the US Foreign Account Tax Compliance Act starting April 16 by May 31, 2018. Read Full Story

OECD Consults On Tackling Common Reporting Standard Circumvention

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 28, 2018

The OECD has recently launched a consultation on tackling the circumvention of its latest international tax transparency standard, the Common Reporting Standard, through the use by individuals of residency by investment (RBI), or citizenship by investment (CBI) schemes. Read Full Story

Singapore Issues More Automatic Tax Info Exchange Guidance

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

Saturday, February 17, 2018

Singapore's tax agency has made two announcements recently concerning the automatic exchange of information on foreign taxpayers' affairs, on the Common Reporting Standard and the US Foreign Account Tax Compliance Act. Read Full Story

Singapore To Automatically Exchange Tax Info With 61 States

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

Monday, January 15, 2018

Singapore has announced that it has activated automatic exchange of information relationships with a total of 61 territories, as part of global efforts to tackle tax evasion and fiscal crime. Read Full Story

Panama Signs OECD's Multilateral Tax Cooperation Pact

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 15, 2018

On January 15, 2018, Panama signed the Common Reporting Standard Multilateral Competent Agreement, becoming the 98th jurisdiction to join the pact. Read Full Story