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Cayman Eases Deadline For CbC Reporting

by Jason Gorringe,, London

Wednesday, February 14, 2018

Authorities in the Cayman Islands have pushed back the deadline for notifying local authorities of which entity will file a country-by-country report, and for filing the first reports. Read Full Story


Australia Legislates To Target 'Black Economy'

by Mary Swire,, Hong Kong

Wednesday, February 7, 2018

The Australian Government has introduced legislation to crack down on the use of electronic sales suppression tools and to extend the Taxable Payments Reporting System. Read Full Story


IRS May Delay More Tax Refunds To Tackle Fraud

Mike Godfrey,, Washington

Tuesday, February 6, 2018

The Internal Revenue Service has been successful in implementing processes to identify and prevent fraud but could do more to strengthen pre-refund verification, according to a new report from the US Government Accountability Office on last year's tax filing season. Read Full Story


Panama Welcomes EU Blacklist Removal

by Mike Godfrey,, Washington

Tuesday, January 23, 2018

The Government of Panama has welcomed the country's removal from the EU blacklist of non-cooperative territories, following the EU Economic and Financial Affairs Council's endorsement of the decision on January 23. Read Full Story


Saudi Arabia Sets Out VAT Filing, Payment Obligations

by Lorys Charalambous,, Cyprus

Tuesday, January 23, 2018

Saudi Arabia's tax agency, the General Authority for Zakat and Tax, has issued a reminder to taxpayers that all enterprises registered for the territory's new value-added tax whose supplies exceed SAR40m (USD10.6m) annually must file their tax returns on a monthly basis. Read Full Story


South African Tax Debts Due By January 31 Deadline

by Lorys Charalambous,, Cyprus

Monday, January 22, 2018

The South African Revenue Service has reminded taxpayers that individual tax payment is required by January 31, 2018. Read Full Story


IRS Loses FBAR Non-Compliance Case

Mike Godfrey,, Washington

Thursday, January 18, 2018

In its first case of 2018, the US Tax Court ruled in favor of the taxpayer in a case concerning the statute of limitations and non-compliance with the FBAR requirements. Read Full Story


IRS To Begin Using New 'Passport Confiscation' Powers

by Mike Godfrey,, Washington

Wednesday, January 17, 2018

The Internal Revenue Service has warned "seriously delinquent" taxpayers that they risk losing their passports if they fail to regularize their tax affairs. Read Full Story


HMRC Provides Trust Registration Update

by Jason Gorringe,, London

Monday, January 8, 2018

The UK tax agency, HM Revenue and Customs, has told the Association of Tax Technicians that those not yet able to use its new Trust Registration Service will not yet be penalized, having offered extra time for affected persons to register. Read Full Story


ATT Warns UK Taxpayers Of New 'Pheonixing' Tax Rules

by Jason Gorringe,, London

Friday, January 5, 2018

Taxpayers completing self-assessment tax returns need to consider the impact of new rules if they have received a distribution on winding up their company on or after April 6, 2016, and continue to be involved in similar activities, the Association of Taxation Technicians has said. Read Full Story



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