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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

 


UK Guides Firms On How To Register For Soft Drinks Tax

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

HM Revenue and Customs has released guidance on compliance obligations for those firms liable to pay the UK's new Soft Drinks Industry Levy, introduced on April 6, and for warehouses that store taxable beverages. 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

 


UK Launches VAT Due Diligence Scheme For Fulfillment Firms

by Jason Gorringe, Tax-News.com, London

Monday, April 2, 2018

The UK Government has opened registration for its Fulfilment House Due Diligence Scheme, which is intended to ensure that fulfillment houses report VAT by online traders based outside the EU. 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

 


Malaysian Firms Can Challenge Late GST Penalties Online

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

Wednesday, March 28, 2018

On March 26, 2018, Malaysia's tax agency announced that businesses can newly challenge late-payment penalties in respect of goods and services tax (GST) via the tax agency's online portal. 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

 


Tax-Privileged Free Trade Zones The OECD's Next Target

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 19, 2018

In a new report, the OECD has drawn attention to criminal activity in free trade zones, which typically offer tax privileges and lighter regulation, highlighting that they may be unintentionally fostering growth in counterfeit goods. Read Full Story

 


UK Updates VAT Guidance For Online Marketplaces

by Jason Gorringe, Tax-News.com, London

Monday, March 19, 2018

HM Revenue and Customs has updated its value-added tax guidance for online marketplaces and for suppliers using them to sell to UK consumers. Read Full Story

 


EU Adopts New Rules For Tax Advisers

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 16, 2018

The EU is to require intermediaries that design and/or promote tax planning schemes to report schemes that are considered potentially aggressive. Read Full Story

 

 

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