US IRS Reminds Of FBAR Filing Obligation

by Mike Godfrey, Tax-News.com, Washington

Last updated 8 hours ago | Thursday, April 15, 2021

The Internal Revenue Service is reminding US citizens, resident aliens, and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021. Read Full Story

Hong Kong Issues 2020-21 Tax Returns

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

Tuesday, April 6, 2021

On April 1, 2021, the Hong Kong Inland Revenue Department began issuing profits tax, property tax, and employer's returns for the year of assessment 2020-21. Read Full Story

UAE Sets Out VAT Rules For Social Media Income, Performers

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, March 19, 2021

The United Arab Emirates' Federal Tax Authority has released a bulletin highlighting the value-added tax rights and obligations of performers and those who earn income from online platforms. Read Full Story

Singapore Explains Changes To 2021 Tax Filing Rules

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

Wednesday, March 3, 2021

The Inland Revenue Authority of Singapore has said that it will be sending tax bills directly to certain taxpayers this tax filing season and will be simplifying filing arrangements for the self-employed. Read Full Story

Taiwan Warns E-Services Providers To Register For VAT

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

Wednesday, March 3, 2021

Taiwan's federal tax agency has highlighted that those providing electronic services to Taiwanese consumers must register to charge tax if their annual turnover from such supplies exceeds TWD480,000 (USD17,250). Read Full Story

Hong Kong Announces Tax Relief In 2021-22 Budget

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

Wednesday, March 3, 2021

Hong Kong will grant taxpayers a waiver of up to HKD10,000 (USD1,290) of profits tax, salaries tax, and tax under personal assessment, the territory announced in its 2021-22 Budget. Read Full Story

Belgian Lawmakers Approve New Tax On Securities Trading

by Ulrika Lomas, Tax-News.com, Brussels

Monday, February 22, 2021

At a plenary session on February 11, 2021, Belgium's parliament adopted a draft law for a new annual tax on securities accounts. Read Full Story

US Tax Season Begins

by Mike Godfrey, Tax-News.com, Washington

Monday, February 22, 2021

The Internal Revenue Service launched tax season for individuals on February 15, 2021, highlighting the various supports available for taxpayers when preparing their returns. Read Full Story

Dutch Senate Approves 2021 Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 22, 2020

The Dutch Senate has approved the 2021 Tax Plan package, which introduces a lower rate of corporate tax for small- and medium-sized businesses. Read Full Story

Bermuda Consults Industry On New Conduct Of Business Regime

by Jason Gorringe, Tax-News.com, London

Wednesday, January 13, 2021

The Bermuda Monetary Authority on December 15, 2020, released a new consultation paper on its proposal for a conduct of business regulatory regime to better protect retail investors. Read Full Story

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