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PwC India Urges GST Regime Simplification

by Mary Swire,, Hong Kong

Tuesday, March 20, 2018

PwC India has called for simplification of India's goods and services tax regime, in a report to mark 200 days since the regime entered into force. Read Full Story


ECJ Rules Against Portugal In Input VAT Credit Dispute

by Ulrika Lomas,, Brussels

Tuesday, March 6, 2018

The European Court of Justice has provided a ruling against the Portuguese tax and customs authority in favor of a taxpayer who challenged the authority's decision that it should be retroactively precluded from deducting tax incurred on inputs in relation to a supply of leasing and letting transactions. The tax and customs authority required the taxpayer, Imofloresmira, to make adjustments to VAT deductions on the ground that the properties at issue had been unoccupied for over two years and were therefore regarded as no longer being used for the purposes of its own taxed transactions, even though, during that period, the company always had the intention of letting those properties and undertook the necessary steps to that end. Read Full Story


Swiss Taxpayer Wins US Tax Treaty Refund Dispute

by Mike Godfrey,, Washington

Tuesday, February 6, 2018

The United States District Court for the District of Columbia on January 31 ruled in favor of Starr International Company in a case concerning an erroneous refund paid to the taxpayer, which the IRS sought to reclaim. Read Full Story


Japan's Cabinet Endorses Tax Reform Plans

by Mary Swire,, Hong Kong

Monday, February 5, 2018

Japan's Cabinet recently approved tax reform bills, which have now been introduced into the country's parliament for debate. Read Full Story


Colombia, Italy Sign New Double Tax Pact

by Mike Godfrey,, Washington

Thursday, February 1, 2018

Colombia and Italy signed a double tax agreement on January 26, 2018, which provides for lower withholding tax rates on cross-border payments of dividends, interest, and royalties income. Read Full Story


Partisan Schism In Support For US Tax Cuts And Jobs Act

by Mike Godfrey,, Washington

Friday, January 26, 2018

US taxpayers are equally divided on whether the recent US tax bill, the Tax Cuts and Jobs Act, will benefit or negatively impact them, with a marked partisan divide, according to a survey by the Pew Research Center. Read Full Story


Hong Kong Eases Stamp Duty Rules For Residents

by Mary Swire,, Hong Kong

Monday, January 22, 2018

Hong Kong has relaxed the rules for those buying residential property, with the publication in the Official Gazette of The Stamp Duty (Amendment) Ordinance 2018 on January 19, 2018. Read Full Story


Malaysia Issues GST Guidance On Mixed-Use Buildings

by Mary Swire,, Hong Kong

Wednesday, January 17, 2018

Malaysia's tax agency has released Public Ruling No. 1/2018, setting out the goods and services tax rules concerning the sale of buildings on commercial land that are used for both residential and commercial purposes. Read Full Story


UK Lawmakers Discuss Potential Post-Brexit Free Zones

by Jason Gorringe,, London

Wednesday, January 10, 2018

During a January 7, 2018, debate in the UK House of Commons, UK lawmakers discussed the country's plans to leave the EU, its customs union, and value-added tax area. Read Full Story


Deutsche Bank Estimates Impact Of US Tax Reforms

by Ulrika Lomas,, Brussels

Monday, January 8, 2018

Deutsche Bank has become the latest major international banking institution to announce a significant reduction in 2017 profits due to the tax reform legislation signed by United States President Donald Trump last month. Read Full Story



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