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The UK tax authority, HM Revenue and Customs, has issued guidance for businesses on the preparation of country-by-country reports in the required format. Read Full Story
European car manufacturers have called on governments to ensure that a new test for measuring vehicle emissions does not create tax distortions for new cars entering the market. Read Full Story
The Australian Government is consulting on proposals to reshape the Taxation Administration Regulations, which are due to expire in October. Read Full Story
The United States Treasury Department and the Internal Revenue Service have decided to delay by one year the application of documentation requirements under new regulations intended to discourage corporate inversions. Read Full Story
HM Revenue and Customs has updated the International Tax Compliance Regulations to include provisions on new automatic tax information exchange agreements and to clarify how non-compliance penalties will apply. Read Full Story
The United Arab Emirates Government has said that residential property will be exempt from its new value-added tax (VAT) regime but a five percent charge will apply to commercial property. Read Full Story
The UK Government has been urged to ensure low-income taxpayers can also benefit from the retention of tax perks for certain salary sacrifice arrangements. Read Full Story
Trinidad and Tobago's Minister of Finance, Colm Imbert, announced tax increases in the territory's 2016/17 National Budget presented to Parliament. Read Full Story
Public sector contractors could face a substantial tax hike if agencies are insufficiently prepared for the April 2017 reforms to IR35 legislation, online advisors ContractorCalculator have warned. Read Full Story
The New Zealand Government announced on July 13 that it would create a register of foreign trusts, searchable only by regulatory agencies. Read Full Story
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