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NZ Issues Guidance On Fixing Errors In Tax Submissions

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

Thursday, July 25, 2019

New Zealand's Inland Revenue Department has released a new standard practice statement to explain when and how the Commissioner will exercise discretion in amending a taxpayer's assessment to ensure correctness. Read Full Story

 


IRS's New Enforcement Initiatives Are Aimed At Individuals

by Mike Godfrey, Tax-News.com, Washington

Thursday, July 25, 2019

On July 19, 2019, the United States Internal Revenue Service Large Business and International Division announced six additional compliance campaigns. Read Full Story

 


US Senate Approves Changes To Four Double Tax Pacts

by Mike Godfrey, Tax-News.com, Washington

Thursday, July 25, 2019

The United States Senate has approved protocols to four existing bilateral double tax avoidance treaties that have been pending in the chamber for as much as a decade. Read Full Story

 


Vietnam To Focus On Transfer Pricing Abuse, Tax Debtors

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

Thursday, July 25, 2019

Officials from Vietnam's General Department of Taxation (GDT) are to focus on challenging tax avoidance and evasion involving corporate groups, with an especial focus on transfer pricing. Read Full Story

 


Costa Rica Did Not Repeal Sales Tax Exemptions In New VAT Law: AG

by Mike Godfrey, Tax-News.com, Washington

Thursday, July 25, 2019

Costa Rica's Attorney General has released an opinion confirming that legislation providing for exemptions under the sales tax regime, which was replaced with VAT from July 1, 2019, remain in force and valid under the VAT regime. Read Full Story

 


New EC President Announces Plans For EU Carbon Border Tax

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, July 25, 2019

The newly elected President of the European Commission, Ursula von der Leyen, who was formerly Germany's defense minister, has proposed the introduction of a new Carbon Border Tax, which would be included in a new "Green Deal for Europe" she has promised to deliver within her first 100 days in office. Read Full Story

 


Romanian Opposition Pushes For 16pc VAT Rate

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, July 25, 2019

Opposition lawmakers in Romania have tabled new Bill B317/2019, which would reduce the headline VAT rate from 19 percent to 16 percent beginning next year. Read Full Story

 


Luxembourg Publishes Guidance On New IP Tax Breaks

by Ulrika Lomas, Tax-News.con, Brussels

Tuesday, July 16, 2019

The Luxembourg direct tax administration has published a circular including comprehensive guidance for the recently introduced changes to the special tax regime for intellectual property income. Read Full Story

 


French Lawmakers Agree Digital Tax Law

by Ulrika Lomas, Tax-News.con, Brussels

Friday, July 5, 2019

A joint committee of lawmakers from the French House of Representatives and the Senate has agreed on a bill to introduce a digital services tax in France. Read Full Story

 


Hungarian Lawmakers To Decide On Tax Cuts Plan

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 5, 2019

Hungary's 2020 Budget law is before parliament for approval. Most tax-related proposals would become effective from the start of 2020. Read Full Story

 

 

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