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Australia Legislates To Target 'Black Economy'

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

Wednesday, February 7, 2018

The Australian Government has introduced legislation to crack down on the use of electronic sales suppression tools and to extend the Taxable Payments Reporting System. Read Full Story

 


Seychelles Lifts Import Duties On Certain Building Materials

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, January 10, 2018

Effective January 1, 2018, import duty was removed in the Seychelles on dietary supplements, corrugated iron sheets, and various other building materials, including panels, tiles, and other similar materials. Read Full Story

 


ING Group Loses 'Banking Services' VAT Appeal

by Jason Gorringe, Tax-News.com, London

Tuesday, December 19, 2017

The UK Court of Appeal has dismissed an appeal brought by ING Group against rulings from the Upper Tribunal and the First-Tier Tribunal concerning the group's inability to recover VAT incurred on costs associated with providing what it considered was limited to a deposit-taking business for no consideration, which would fall outside the scope of VAT, and the UK tax authority, HM Revenue and Customs, instead arguing, successfully, that it was supplying exempt banking services, against which the taxpayer could not recover output tax. Read Full Story

 


New Paper Looks At How To Support Developing States On BEPS

by Mike Godfrey, Tax-News.com, Washington

Monday, December 4, 2017

The International Centre for Tax and Development has released a working paper on how to best support developing countries in the area of taxation. Read Full Story

 


UAE Clarifies VAT Rules For Real Estate

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, November 24, 2017

The Federal Tax Authority of the United Arab Emirates on November 18 released regulations clarifying the value-added tax treatment of residential and commercial real estate purchases and sales. Read Full Story

 


Malaysia's 2018 Budget Includes Various Tax Relief Changes

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

Friday, November 3, 2017

The Malaysian Government in its Budget 2018 announced numerous tax changes, including an income tax cut, incentives for women to return to work, and tax relief for property investors and venture capital firms. Read Full Story

 


Australia Consults On Black Economy Measures

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

Tuesday, October 24, 2017

The Australian Government is consulting on two measures designed to crack down on problems associated with the "black economy." Read Full Story

 


Think Tank Calculates Cost Of Canadian Carbon Pricing

by Mike Godfrey, Tax-News.com, Washington

Monday, September 11, 2017

A new report has argued that, by 2025, the impact of a CAD80 (USD66) per tonne carbon tax on the average Canadian household could reach CAD2,000 a year. Read Full Story

 


Irish Construction Firms Reducing Exposure To UK

by Jason Gorringe, Tax-news.com, London

Friday, August 25, 2017

Enterprise Ireland has said that 45 percent of its affiliated construction firms have reduced their exposure to the UK since last year's Brexit vote. Read Full Story

 


Montenegro To Overhaul Tax Administration With WB Support

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 3, 2017

The World Bank has approved a EUR14m loan for Montenegro to fund tax administration reforms. Read Full Story

 

 

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