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IoM Budget Includes Plan For Bank Tax

by Amanda Banks, Tax-News.com, London

Thursday, February 22, 2018

The Isle of Man's 2018 Budget maintains the zero percent company tax rate, and announces a banking tax review, which will look at taxing all banking profits at the 10 percent rate from next year. Read Full Story

 


Moscovici: We Need To Act Fast On Digital Taxation

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 21, 2018

EU Tax Commissioner Pierre Moscovici has said that the bloc must "act fast to secure a common approach to digital taxation" and that member states must decide on how to achieve "a fundamental overhaul of our corporate tax systems." Read Full Story

 


ATO Keeping An Eye On Taxpayer Deductions

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

Wednesday, February 21, 2018

The Australian Taxation Office has said that it will be paying close attention to claims for "other" work-related expenses this year and urged taxpayers to keep appropriate records. Read Full Story

 


Vontobel Reaches Agreement On Untaxed German Assets

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 20, 2018

Swiss-based asset manager Vontobel has reached a settlement with German authorities on untaxed assets held by certain of its German clients. Read Full Story

 


IRS Urged To Immediately Correct Staff Bonus Shortcomings

by Mike Godfrey, Tax-News.com, Washington

Tuesday, February 20, 2018

Kevin Brady, Chairman of the House Ways and Means Committee, and his counterpart in the Senate, Orrin Hatch, have called on the Internal Revenue Service to better screen bonuses paid to staff. Read Full Story

 


SMEs Urge Canada To Go Slow On Tax Reform

by Mike Godfrey, Tax-News.com, Washington

Tuesday, February 20, 2018

New Canadian rules on income sprinkling are barely understood and SMEs are concerned at the prospect of a crackdown on passive investments, according to the president of the Canadian Federation of Independent Business. Read Full Story

 


SAF-T Tax Reporting Mandatory In Norway From 2020

by Ulrika Lomas, Tax-News.com, Brussels

Saturday, February 17, 2018

The reporting of accounting information using the internationally accepted Standard Audit File for Tax (SAF-T) will become compulsory in Norway from January 2020. Read Full Story

 


Singapore Issues More Automatic Tax Info Exchange Guidance

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

Saturday, February 17, 2018

Singapore's tax agency has made two announcements recently concerning the automatic exchange of information on foreign taxpayers' affairs, on the Common Reporting Standard and the US Foreign Account Tax Compliance Act. Read Full Story

 


Australia Tightening Tax Consolidation Regime

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

Thursday, February 15, 2018

The Australian Government is legislating to close loopholes in the tax consolidation regime. Read Full Story

 


UAE Issues Guidance Ahead Of VAT Filing Deadline

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, February 15, 2018

Businesses registered for the United Arab Emirates's value-added tax need to complete a four-step online procedure to file their tax returns, the Federal Tax Authority has said. Read Full Story

 

 

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