audit News
Nigeria Extends Amnesty To June 30
by Lorys Charalambous, Tax-News.com, Cyprus
Tuesday, April 17, 2018
Nigeria's President, Muhammadu Buhari, has confirmed a final extension to the country's Voluntary Assets and Income Declaration Scheme (VAIDS) until June 30. Read Full Story
Pakistan Tax Authority Issues Audit Hit List
by Mary Swire, Tax-News.com, Hong Kong
Thursday, April 12, 2018
Pakistan's Federal Board of Revenue has released the financial and compliance parameters it intends to use to select taxpayers for audit for the 2016 tax year. Read Full Story
Canada 'Will Not Hit Climate Change Targets'
by Mike Godfrey, Tax-News.com, Washington
Thursday, April 12, 2018
Canada's auditors general have published a collaborative report on the country's response to climate change, which raises concerns about the success of the action taken by governments. Read Full Story
Significant Changes To UK Tax Regime As Of April 6
by Jason Gorringe, Tax-News.com, London
Thursday, April 12, 2018
A number of changes to the UK tax regime became effective from the beginning of the new fiscal year, on April 6, 2018, including the introduction of the new Soft Drinks Industry Levy. Read Full Story
IRS Warns Taxpayers On Virtual Currency Tax Compliance
by Mike Godfrey, Tax-News.com, Washington
Monday, March 26, 2018
The US Internal Revenue Service on March 23 warned taxpayers that they must report income from virtual currency transactions in their income tax returns. Read Full Story
Bermuda To Regulate Initial Coin Offerings
by Mike Godfrey, Tax-News.com, Washington
Friday, March 23, 2018
Bermuda's Premier and Minister of Finance, David Burt, told the island's parliament last week that his government will shortly release a draft Bill to regulate initial coin offerings in Bermuda. Read Full Story
Sweden To Review Transactions With States On EU's Tax Black List
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, March 20, 2018
The Swedish Government has directed the tax agency to review transactions with jurisdictions placed on the European Union's black list of non-cooperative territories in the area of taxation. Read Full Story
IRS Struggling To Authenticate Tax Credit Claims: TIGTA
by Mike Godfrey, Tax-News.com, Washington
Wednesday, March 7, 2018
Internal Revenue Service processes do not properly prevent the issuance of refundable tax credit claims to taxpayers whose income is not supported, according to a March 1 audit report from the Treasury Inspector General for Tax Administration. Read Full Story
Democrats Challenge IRS's SALT Rules For Property Owners
by Mike Godfrey, Tax-News.com, Washington
Wednesday, March 7, 2018
Democrat members of the Ways and Means Committee have sent a letter to Internal Revenue Service Acting Commissioner David Kautter questioning why the agency decided to restrict the prepayment of 2017 property taxes that are not included in the Tax Cuts and Jobs Act of 2017. Read Full Story
Somalia Seeking To Enforce Tax Regime, With Int'l Support
by Lorys Charalambous, Tax-News.com, Cyprus
Wednesday, March 7, 2018
The Government of Somalia has reported on the tax system reform and tax administration improvements it is introducing with support from international agencies. Read Full Story
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