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ATO Keeping An Eye On Taxpayer Deductions

by Mary Swire,, 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


Singapore Confirms Future GST Hike In Budget

by Mary Swire,, Hong Kong

Tuesday, February 20, 2018

Singapore will hike its seven percent goods and services tax rate to nine percent some time between 2021 and 2025, Singapore's Finance Minister, Heng Swee Keat, announced in the territory's new Budget. Read Full Story


HMRC To Withdraw VAT Relief For Sporting Associations

by Jason Gorringe,, London

Monday, January 22, 2018

HM Revenue and Customs has announced that the concession enabling clubs to treat affiliation fees as exempt for value-added tax purposes will be withdrawn in the UK from April 1, 2018. Read Full Story


Irish Revenue Updates Two Guides

by Jason Gorringe,, London

Wednesday, January 17, 2018

The Irish Revenue has recently updated two guides, on the deduction for expenses in respect of annual membership fees paid to a professional body, and the ineligibility of forestry and woodland businesses to claim business relief under the capital acquisition tax regime. Read Full Story


UK To Reject Payment From Personal Credit Cards

by Jason Gorringe,, London

Wednesday, January 10, 2018

The UK tax agency is to no longer accept payments from personal credit cards from January 13, 2018, as a result of the EU Payment Services Directive 2 becoming effective. Read Full Story


Saudi Confirms VAT Rules For Hire-Purchase Contracts

by Lorys Charalambous,, Cyprus

Monday, January 8, 2018

On January 3, 2018, Saudi Arabia's tax agency announced an exemption from VAT for lease-to-own and rent-to-own contracts of assets (for example for automobiles or real estate) delivered before January 1, 2018. Read Full Story


Cambodia-Singapore Double Tax Deal Effective

by Mary Swire,, Hong Kong

Wednesday, January 3, 2018

Singapore's tax agency has announced that the territory's new double tax avoidance agreement with Cambodia entered into force on December 29, 2017, capping cross-border withholding taxes on trade and investment. Read Full Story


Switzerland Introduces Landmark VAT Changes

by Ulrika Lomas,, Brussels

Monday, January 1, 2018

Switzerland introduced numerous significant changes to its value-added tax rules on January 1, including measures aimed at leveling the playing field for domestic businesses in competition with overseas, online retailers. Read Full Story


IMF Reports On Middle East's Fiscal Challenges

by Lorys Charalambous,, Cyprus

Thursday, December 21, 2017

The International Monetary Fund has published a new paper on the fiscal consolidation challenges being faced by the members of the Gulf Cooperation Council – Kuwait, Qatar, Oman, Saudi Arabia, Bahrain, and the United Arab Emirates – whose tax revenues have been depressed due to persistently low oil prices. Read Full Story


Swiss VAT Changes To Be Effective From January 1, 2018

by Ulrika Lomas,, Brussels

Thursday, December 21, 2017

Numerous changes to Switzerland's value-added tax regime will occur from January 1, 2018, including to level the playing field for domestic companies compared with their online, overseas rivals. Read Full Story



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