services News

FASB Issues New Accounting Rules For Audiovisual Content Producers

by Mike Godfrey, Tax-News.com, Washington

Thursday, March 14, 2019

On March 6, 2019, the Financial Accounting Standards Board issued an Accounting Standards Update that is intended to help organizations align their accounting for production costs for films and episodic content produced for television and streaming services. Read Full Story

Indian GST Regime Changes Effective April 1

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

Thursday, March 14, 2019

A number of goods and services tax regime amendments, intended to simplify compliance for traders, will become effective in India from April 1, 2019. Read Full Story

Australia Warns On Real Estate GST Non-Compliance

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

Thursday, March 14, 2019

The Australian Taxation Office said that it has noticed a number of common errors being made in activity statements since the "goods and services tax at settlement" system was introduced for the real estate industry in July 2018. Read Full Story

EU Drops Digital Tax Plans

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, March 14, 2019

The EU will not proceed with plans for a digital services tax, after finance ministers again failed to agree on the proposals. Read Full Story

France Set To Introduce Digital Tax

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, March 14, 2019

French Finance Minister Bruno Le Maire has provided further details of France's proposed digital services tax, which will be put before the cabinet this week. Read Full Story

No Tax Surprises In Singapore's 2019 Budget

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

Thursday, March 14, 2019

Singapore's recently released 2019 Budget included few significant tax announcements except confirmation that Singapore's carbon tax will be levied this year and the goods and services tax will be hiked in the medium term. Read Full Story

Indian GST Council Endorses GST Rate Changes For Housing

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

Thursday, March 14, 2019

India's GST Council has decided on a number of goods and services tax regime amendments to boost the availability of affordable housing in the country. Read Full Story

UK Urges Businesses To Prepare For VAT Process Disruptions

by Jason Gorringe, Tax-News.com, London

Monday, February 18, 2019

The UK Government has released VAT guidance for businesses on how existing IT processes will be impacted should the UK leave the EU on March 29, 2019, without a deal. Read Full Story

New Indonesian E-Commerce Tax Obligations From April

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

Monday, January 28, 2019

Indonesia's Ministry of Finance has confirmed that online marketplaces and sellers must comply with VAT and income tax obligations set out in Indonesian in Regulation Number 210/PMK.010/2018 from April 1, 2019. Read Full Story

Belgium Introduces Optional VAT On Property Leases

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 21, 2019

On January 10, 2018, the Belgian Ministry of Finance reminded taxpayers letting and leasing certain real estate that they can opt in to the value-added tax regime. Read Full Story

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