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professionals News

Kenya Announces Enforcement Policies In 2020 Budget

by Mary Swire,, Hong Kong

Tuesday, March 17, 2020

In its 2020 Budget Policy Statement, Kenya's Government announced a number of ongoing tax enforcement and administration initiatives, aimed at boosting collections and voluntary compliance rates. Read Full Story


OECD Publishes Comments On CbC Reporting Review

by Ulrika Lomas,, Brussels

Tuesday, March 17, 2020

The OECD's public consultation on a review into the new transfer pricing documentation rules proposed as part of BEPS Action 13 has closed. It has published the 79 responses received. Read Full Story


Think Tank Argues Against UK 'Robot Tax'

by Jason Gorringe,, London

Tuesday, May 29, 2018

In a new report, the Institute of Economic Affairs in the UK has argued against the need for the UK to introduce a so-called "robot tax," on profits from automation. Read Full Story


IRS Offers Filing Extension To Businesses Affected By Winter Storms

by Mike Godfrey,, Washington

Wednesday, March 14, 2018

The Internal Revenue Service has granted some businesses affected by severe winter storms additional time to request a six-month extension to file their 2017 federal income tax returns. Read Full Story


IRS Urged To Extend This Year's S Corp Election Deadline

by Mike Godfrey,, Washington

Thursday, March 8, 2018

The National Society of Accountants in the US has asked Internal Revenue Service Acting Commissioner David Kautter to extend the deadline for corporations to elect to be treated as an S corporation. Read Full Story


IRS Issues Filing Tips Ahead Of Busy Tax Season Period

by Mike Godfrey,, Washington

Saturday, February 17, 2018

The Internal Revenue Service (IRS) has offered taxpayers several tips and time-saving resources, in anticipation that there will be a surge in filing activity during President's Day weekend (February 17-19). Read Full Story


UK Announces Tax-Free Childcare Allowance

by Jason Gorringe,, London

Thursday, February 15, 2018

IPSE, the Association of Independent Professionals and the Self Employed, has welcomed the UK tax authority's announcement that all working parents – including the self-employed – can now receive a tax-free childcare allowance. Read Full Story


IRS Warns Practitioners Of New Identity Theft Tax Scam

Mike Godfrey,, Washington

Monday, February 5, 2018

The Internal Revenue Service has warned tax professionals of a new filing season scam. Read Full Story


Singapore, Sri Lanka Sign Free Trade Pact

by Mary Swire,, Hong Kong

Friday, January 26, 2018

Sri Lanka signed its first ever comprehensive free trade agreement on January 23, with Singapore. Read Full Story


UK Tax Industry Seeks Certainty Over Car-Charging Tax Perks

by Amanda Banks,, London

Thursday, January 18, 2018

Tax professionals in the UK have called on the tax authority, HM Revenue and Customs, to clarify plans for a tax exemption for employer-provided electric car charging facilities, including details of any exclusions or exceptions. Read Full Story



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