legislation amendments News

EU Refers Netherlands To ECJ Over Beneficial Ownership Registry
by Ulrika Lomas, Tax-News.com, Brussels
Friday, July 10, 2020
The European Commission is taking action against the Netherlands for failing to fully implement the Fourth Anti-Money Laundering Directive in respect of the availability of information on entities' beneficial owners. Read Full Story

India Consults Taxpayers On Income Tax Law Reform
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, March 22, 2018
India has launched a consultation on efforts to reform the country's 1961 income tax law, to be led by a newly constituted task force. Read Full Story

IRS Adds To Transition Tax Guidance
by Mike Godfrey, Tax-News.com, Washington
Friday, March 16, 2018
The Internal Revenue Service has issued additional information to help taxpayers to meet their filing and payment obligations for the newly introduced Section 965 transition tax. Read Full Story

Russia Proposes To Ditch Flat Individual Tax Regime
by Tatyana Smolenskaya, Tax-News.com, Moscow
Thursday, March 1, 2018
Legislation has been tabled in Russia's lower house of parliament, the Duma, to introduce a two-rate personal income tax regime, in place of the current flat tax regime. Read Full Story

Cairn Confirms Final Hearing Date In Indian Tax Dispute
by Mary Swire, Tax-News.com, Hong Kong
Thursday, September 21, 2017
Cairn Energy on September 20 provided an update on the arbitration proceedings taking place as a result of its long-running dispute with the Indian tax authority. Read Full Story

Irish Legal Professionals Propose Enhancements To Tax Regime
by Jason Gorringe, Tax-news.com, London
Wednesday, June 14, 2017
The Law Society of Ireland has published 22 recommendations for changes to the Irish taxation and probate systems, to boost the country's attractiveness for entrepreneurs and the creative industries. Read Full Story

Saudi Arabia Launches Consultation On VAT Law
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, June 2, 2017
Saudi Arabia's tax authority has launched a public consultation on the draft law governing value-added tax, which is being introduced in Saudi Arabia and in the other Gulf Cooperation Council countries from January 1, 2018. Read Full Story

Philippines Hopes To Have Overhauled Tax Code By 2018
by Mary Swire, Tax-News.com, Hong Kong
Friday, February 24, 2017
The Filipino Government is optimistic that it can overhaul the Philippines' tax regime by 2018 through a two-step approach. Read Full Story

Singapore's 2017 Budget Includes International Tax Changes
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, February 21, 2017
Singapore's Finance Minister, Heng Swee Keat, has presented the country's latest budget, which includes proposals for a new safe harbor rule and a preferential intellectual property tax regime. Read Full Story

Jaitley Delivers India's 2017-18 Budget
by Mary Swire, Tax-News.com, Hong Kong
Friday, February 3, 2017
On February 1, 2017, India's Finance Minister, Arun Jaitley, presented the country's Budget 2017-18, which contains several proposals aimed at simplifying and rationalizing the country's direct tax regime. Read Full Story
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