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Singapore Issues More Automatic Tax Info Exchange Guidance

by Mary Swire,, Hong Kong

Saturday, February 17, 2018

Singapore's tax agency has made two announcements recently concerning the automatic exchange of information on foreign taxpayers' affairs, on the Common Reporting Standard and the US Foreign Account Tax Compliance Act. Read Full Story


Australia's Board Of Taxation Considers Bare Trusts Tax Reform

by Mary Swire,, Hong Kong

Wednesday, February 14, 2018

Australia's Board of Taxation has published the results of its review into the taxation of bare trusts. Read Full Story


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


Swiss Taxpayer Wins US Tax Treaty Refund Dispute

by Mike Godfrey,, Washington

Tuesday, February 6, 2018

The United States District Court for the District of Columbia on January 31 ruled in favor of Starr International Company in a case concerning an erroneous refund paid to the taxpayer, which the IRS sought to reclaim. Read Full Story


EU Issues GDPR Tool For SMEs, Guidance For States

by Ulrika Lomas,, Brussels

Wednesday, January 31, 2018

The European Commission has newly launched an online tool to support citizens, businesses – and in particular small- and medium-sized firms – and other organizations to come to terms and comply with new data protection rules being introduced from May 25: the General Data Protection Regulation. 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


UAE Confirms Online Purchases Are Subject To VAT

by Lorys Charalambous,, Cyprus

Tuesday, January 23, 2018

The United Arab Emirates' Federal Tax Authority has released a statement confirming that all purchases from online retailers are subject to the same value-added tax rules as for purchases from brick and mortar stores – that they should generally be subject to the headline five percent value-added tax rate. Read Full Story


Singapore To Automatically Exchange Tax Info With 61 States

by Mary Swire,, Hong Kong

Monday, January 15, 2018

Singapore has announced that it has activated automatic exchange of information relationships with a total of 61 territories, as part of global efforts to tackle tax evasion and fiscal crime. Read Full Story


Saudi Arabia Legislates To Absorb VAT On Education

by Lorys Charalambous,, Cyprus

Friday, January 12, 2018

Saudi Arabia's tax agency has set out the arrangements through which Saudi nationals will not bear the value-added tax that must be charged on education services under the Gulf Cooperation Council's harmonized value-added tax, which was introduced from January 1, 2018. Read Full Story


British Business Survey Reinforces Need For EU FTA

by Ulrika Lomas,, Brussels

Thursday, January 11, 2018

Amid talk of the UK joining the Trans Pacific Partnership, British businesses have said they still expect Europe to be their most valuable market this year, according to a survey by the British Chamber of Commerce and DHL. Read Full Story



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