audit News

Slovenian Lawmakers Approve Corporate Minimum Tax Plan

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 45 hours ago | Friday, November 15, 2019

On October 23, 2019, Slovenia's National Assembly adopted a package of tax measures which includes changes to corporate, personal, and capital gains taxes. Read Full Story

South Africa Launches Large Business Center

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, October 28, 2019

On October 23, 2019, the Commissioner of the South African Revenue Service launched the re-established Large Business Centre, which aims to bring about higher levels of voluntary tax compliance among large taxpayers. Read Full Story

IRS Expands Virtual Currency Tax Guidance

by Mike Godfrey, Tax-News.com Washington

Friday, October 11, 2019

On October 9, 2019, the United States Internal Revenue Service issued two new pieces of guidance for taxpayers who engage in transactions involving virtual currency. Read Full Story

Irish Tax Investigations Typically Last Almost A Year

by Jason Gorringe, Tax-News.com, London

Friday, October 18, 2019

Ireland's Comptroller and Auditor General has released a new report on the Irish Revenue's compliance activities during 2018, and its efforts to improve how it interacts with taxpayers since a review in 2012. Read Full Story

Sanders Unveils US Wealth Tax

by Mike Godfrey, Tax-News.com Washington

Friday, September 27, 2019

United States Senator Bernie Sanders (D-VT), a leading contender for the Democratic presidential nomination, has proposed a new tax, as well as a series of enforcement measures, targeting America's wealthiest individuals. Read Full Story

Tax Experts Have Helped Developing Countries Net USD500m In Tax

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 27, 2019

The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilization, says the annual report for the initiative Tax Inspectors Without Borders. Read Full Story

Saudi Arabia Begins Requesting Local, Master File

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, September 20, 2019

The General Authority of Zakat and Tax (GAZT) in Saudi Arabia published final transfer pricing by-laws, including transfer pricing documentation requirements proposed under the OECD's 2013 Base Erosion and Profit Shifting (BEPS) Action 13 Plan, on February 15, 2019. GAZT has now begun formally requesting the submission of specific transfer pricing documentation, in relation to the fiscal year ending December 31, 2018. Read Full Story

IRS Offers Settlement Scheme To Micro-Captives

by Mike Godfrey, Tax-News.com Washington

Friday, September 20, 2019

On September 16, 2019, the United States Internal Revenue Service announced the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions. Read Full Story

India Seeking To Bury Legacy Indirect Tax Disputes This Year

by Mary Swire, Tax-News.com, Hong Kong

Friday, August 30, 2019

India will launch its legacy dispute scheme starting September 1, 2019. Read Full Story

Belgium Accepting Amendments To Filed CbC Reports

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 8, 2019

Belgium's tax agency has announced that its MyMinfin portal is now open for multinational taxpayers seeking to correct errors in filed country-by-country reports. Read Full Story

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