US IRS Flags Deadline For Q2 Estimated Tax Payments

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 9, 2021

The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty. Read Full Story

Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, May 12, 2021

Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evasion. Read Full Story

US IRS Reminds Of FBAR Filing Obligation

by Mike Godfrey, Tax-News.com, Washington

Thursday, April 15, 2021

The Internal Revenue Service is reminding US citizens, resident aliens, and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021. Read Full Story

US Tax Season Begins

by Mike Godfrey, Tax-News.com, Washington

Monday, February 22, 2021

The Internal Revenue Service launched tax season for individuals on February 15, 2021, highlighting the various supports available for taxpayers when preparing their returns. Read Full Story

Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. Read Full Story

BVI Rules Out New Taxes In 2021 Budget

by Jason Gorringe, Tax-News.com, London

Tuesday, November 17, 2020

The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes. Read Full Story

Cayman Tables Law For Digital Asset Business Regime

by Jason Gorringe, Tax-News.com, London

Tuesday, November 17, 2020

The Government of the Cayman Islands has published legislation in its Official Gazette to introduce a regulatory regime for virtual asset service providers (VASPs). Read Full Story

France To Collect Its Digital Services Tax This Year

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, October 20, 2020

French Minister of Finance Bruno Le Maire has reportedly said that France intends to collect the country's digital services tax in December 2020. Read Full Story

OECD Indicates New Focus On Virtual Currency Tax Issues

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, October 20, 2020

The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets. Read Full Story

Cyprus, US To Begin Exchanging CbC Reports

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, September 22, 2020

Cyprus has announced that a deal for the exchange of country-by-country reports between the territory and the US is expected to become effective and cover reporting years starting on or after January 1, 2020. Read Full Story

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