Icelandic Budget Proposes Income Tax Reform

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, September 13, 2018

Iceland's 2019 Budget includes proposals to increase the personal deduction and index income tax thresholds to the consumer price index. Read Full Story

Seychelles Introduces Progressive PIT Regime

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, June 21, 2018

The Seychelles introduced a new progressive income tax system for individuals on June 1, 2018. Read Full Story

UK Mulling Extending Recent IR35 Reforms To Private Sector

by Jason Gorringe, Tax-News.com, London

Tuesday, May 22, 2018

On May 18, 2018, the UK Government launched a consultation on enhancing rules surrounding "off-payroll" working (the IR35 rules), to ensure that contractors who work through their own company pay the right tax. Read Full Story

Ireland Releases Virtual Currency Tax Guidance

by Robert Lee, Tax-News.com, London

Thursday, May 17, 2018

The Irish Revenue has issued an eBrief to clarify how "normal tax rules" apply to transactions involving cryptocurrencies. Read Full Story

Significant Changes To UK Tax Regime As Of April 6

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

A number of changes to the UK tax regime became effective from the beginning of the new fiscal year, on April 6, 2018, including the introduction of the new Soft Drinks Industry Levy. Read Full Story

Australia Gets Tough On Superannuation Compliance

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

Thursday, March 29, 2018

The Australian Government has introduced legislation to tighten the rules around the employer-paid superannuation guarantee. 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

Australian Businesses Urged To Prepare For Payroll Reform

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

Wednesday, March 7, 2018

The Australian Taxation Office is urging businesses with 20 or more employees to ensure that they are prepared for the rollout of Single Touch Payroll in July. Read Full Story

Tax Deadline Approaching For US Farming, Fishing Industries

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 28, 2018

The Internal Revenue Service has reminded the farming and fishing industry of the March 1, 2018, deadline to take advantage of special rules that can allow them to forgo making quarterly estimated tax payments. Read Full Story

Most Canadians Facing A Tax Hike, Think Tank Says

by Mike Godfrey, Tax-News.com, Washington

Monday, January 15, 2018

The Fraser Institute, a think tank, has said that more than 90 percent of Canadian families with children will pay higher taxes once the planned Canada Pension Plan payroll tax increases are fully implemented. Read Full Story

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