audit News

Philippines To Double Down On Tax Audits

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

Tuesday, February 12, 2019

The Commissioner of the Philippines Bureau of Internal Revenue, Caesar Dulay, has said the country will introduce a more stringent audit program in 2019, to further improve the tax take. Read Full Story

UK Seeking To Encourage Audit Market Competition

by Jason Gorringe, Tax-News.com, London

Friday, November 23, 2018

Companies looking for auditing services may benefit from a more competitive market if changes are recommended as part of a recently launched Competition and Markets Authority (CMA) review into the industry. Read Full Story

OECD Releases Guidance On Impact Of BEPS MLI

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 16, 2018

The OECD has provided a progress update on implementation of the BEPS multilateral instrument (BEPS MLI), which will become effective from January 1, 2019, and released advice for states on how to prepare guidance on the interpretation of changes to tax treaties. Read Full Story

US CPAs Recommend Easing Tax Rules On Partners Of Audited Firms

by Mike Godfrey, Tax-News.com, Washington

Tuesday, May 22, 2018

The American Institute of Certified Public Accountants has recommended that proposed regulations regarding the Centralized Partnership Audit Regime should provide "maximum flexibility" in adjusting the tax attributes of an audited partnership and its partners. Read Full Story

Ambitious Tax System Changes Still Necessary In Greece: OECD

by Jason Gorringe, Tax-News.com, London

Thursday, May 3, 2018

In the OECD's latest report for the country, Greece has been urged to broaden its tax base and further clamp down on tax evasion. Read Full Story

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

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

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

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

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