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Nigeria Extends Amnesty To June 30

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, April 17, 2018

Nigeria's President, Muhammadu Buhari, has confirmed a final extension to the country's Voluntary Assets and Income Declaration Scheme (VAIDS) until June 30. Read Full Story

 


SARS Sets Out Expectations On Virtual Currency Tax Compliance

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

Friday, April 6, 2018

The South African Revenue Service on April 6, 2018, warned taxpayers that they are expected to declare cryptocurrency gains or losses in calculating their taxable income. Read Full Story

 


Australia Provides Update On International Tax Enforcement

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

Wednesday, April 4, 2018

In comments to the TPMinds International Conference in late March, Deputy Commissioner Mark Konza outlined the Australia Taxation Office's priorities in the area of international tax enforcement, with an especial focus to be placed on the energy and resources sector and pharmaceutical industry. Read Full Story

 


IMF Urges Progress From Switzerland On Tax Reform

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 6, 2018

The IMF has warned that any further delays from Switzerland in meeting international corporate taxation standards could damage the territory's appeal as an investment destination. Read Full Story

 


Sweden Scraps Exit Tax Proposal

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, March 28, 2018

The Swedish Government has announced that it will not proceed with a proposal to introduce an exit tax after hearing concerns about the measure's design. Read Full Story

 


Scotland Urged To Simplify Proposals For First-Time Buyers' Tax Relief

by Jason Gorringe, Tax-News.com, London

Friday, March 30, 2018

The Chartered Institute of Taxation has warned the Scottish Government that its plans for Land and Buildings Transaction Tax relief for first-time buyers could be complex and difficult to enforce. Read Full Story

 


IRS Warns Taxpayers On Virtual Currency Tax Compliance

by Mike Godfrey, Tax-News.com, Washington

Monday, March 26, 2018

The US Internal Revenue Service on March 23 warned taxpayers that they must report income from virtual currency transactions in their income tax returns. Read Full Story

 


Bermuda To Regulate Initial Coin Offerings

by Mike Godfrey, Tax-News.com, Washington

Friday, March 23, 2018

Bermuda's Premier and Minister of Finance, David Burt, told the island's parliament last week that his government will shortly release a draft Bill to regulate initial coin offerings in Bermuda. Read Full Story

 


Caribbean States Appeal To EU Over Tax Blacklisting

by Mike Godfrey, Tax-News.com, Washington

Friday, March 23, 2018

The Organisation of Eastern Caribbean States, a grouping of 15 Caribbean territories, says it is working hard through its Brussels embassy to address EU concerns, which have led to a number of its members being included on a tax blacklist. Read Full Story

 


HMRC Changes Position On VAT On Cost-Sharing Groups

by Jason Gorringe, Tax-News.com, London

Thursday, March 22, 2018

The UK tax agency, HM Revenue and Customs, has released new guidance on its policies concerning cost-sharing groups following rulings from the European Court of Justice on their VAT treatment. Read Full Story

 

 

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