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currency News

India Waives GST On Services Contracts With Nepal, Bhutan

by Mary Swire,, Hong Kong

Tuesday, October 31, 2017

India's Ministry of Finance on October 27 published a notification exempting services rendered by companies in Nepal and Bhutan from India's GST where the consideration is in Indian rupees. Read Full Story


Japanese Election Result Cements Future Sales Tax Hike

by Mary Swire,, Hong Kong

Tuesday, October 24, 2017

Japan's proposed sales tax hike is expected to go ahead as planned in 2019 after a landslide win by incumbent Prime Minister Shinzo Abe. Read Full Story


HMRC Updates Property Rental Tax Compliance Toolkit

by Jason Gorringe,, London

Tuesday, October 24, 2017

On October 17, 2017, HM Revenue and Customs released an expanded version of its Property Rental Toolkit and introduced information on tax changes effective from April 2017. Read Full Story


Japan Could Delay Sales Tax Hike

by Mary Swire,, Hong Kong

Monday, October 9, 2017

Japan could delay its planned sales tax increase if the economy continues to worsen, according to Chief Cabinet Secretary Yoshihide Suga. Read Full Story


US Treasury Concludes Review Into Burdensome Tax Regulations

by Mike Godfrey,, Washington

Thursday, October 5, 2017

The US Treasury Department has released its report on the findings of its review into eight tax regulations identified as potentially burdensome earlier in 2017. Read Full Story


Venezuela Offers VAT Cut To Discourage Black Market Trading

by Mike Godfrey,, Washington

Wednesday, October 4, 2017

In a bid to regularize transactions and encourage trading in local currency, Venezuela has legislated to lower value-added tax on transactions with electronic payments. Read Full Story


Australia To Change Tax Rules For Digital Currency

by Mary Swire,, Hong Kong

Thursday, September 14, 2017

The Australian Government has introduced legislation to treat digital currency in the same way as physical money for GST purposes. Read Full Story


UK Lib Democrats Leader Plugs 'Fairer Tax Code'

by Amanda Banks,, London

Monday, September 11, 2017

Vince Cable, the leader of the UK's third-largest political party, the Liberal Democrats, has said that the UK should increase taxes on inheritances and property to tackle wealth inequality. Read Full Story


Irish Gov't Outlines Brexit Risks

by Jason Gorringe,, London

Wednesday, August 30, 2017

Brexit "could have far-reaching impacts on nearly all aspects" of Ireland's national life, according to Irish Prime Minister Leo Varadkar. Read Full Story


Taiwan Eases Tax Compliance For Overseas Taxpayers

by Mary Swire,, Hong Kong

Monday, August 7, 2017

Taiwan has said taxpayers can now make overseas tax payments without appointing a local tax representative or setting up a local bank account. Read Full Story



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