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Sri Lanka is planning to revamp its tax system to reverse a steady erosion of its tax base over the past two decades, the International Monetary Fund has said. Read Full Story
UAE President Khalifa bin Zayed Al Nahyan has ratified a new tax administrative law, intended to strengthen revenue collections, ahead of the introduction of value-added tax in 2018. Read Full Story
The taskforce charged with tackling the black economy in Australia is seeking feedback on proposed policy responses. Read Full Story
The Australian Senate has passed legislation to tighten the goods and services tax rules for sales of precious metals. Read Full Story
Twenty EU member states have reached a deal on the establishment of a new European Public Prosecutor's Office that will have the power to investigate and prosecute criminal cases affecting the EU budget. Read Full Story
The European Commission has announced the initialling of an agreement with Norway on value-added tax, covering administrative cooperation, recovery assistance, and anti-fraud activity. Read Full Story
According to a survey conducted earlier this month, more than half of businesses based in the United Arab Emirates do not have an implementation strategy in place for the forthcoming introduction of VAT in the territory from January 2018. Read Full Story
On May 15, Order HFP 417/2017 was published in Spain's Official Gazette, setting out in great detail (in Spanish) the rules for the new framework that will be introduced from July 1, 2017, to enable the tax agency to better track transactions liable to value-added tax. Read Full Story
Legislation to create a dedicated customs authority in South Africa has again failed to be adopted in Parliament. Read Full Story
India's Revenue Secretary has said the country's IT systems are ready to properly administer the goods and services tax, to be rolled out across India on July 1. Read Full Story
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