services News

IoM Consults On Proposal To Distribute Dormant Bank Account Funds

by Amanda Banks, Tax-News.com, London

Thursday, September 13, 2018

The Isle of Man Government has launched a community consultation on the Dormant Assets Bill 2018, which proposes to distribute money held in dormant bank accounts to good causes. Read Full Story

Final Forms To Move To Australia's New Practitioner Lodgment Service

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

Wednesday, September 12, 2018

The Australian Taxation Office has announced the dates on which the remaining forms, statements, and reports will transfer to its practitioner lodgment service. Read Full Story

Croatia To Delay VAT Rate Cut Until 2020

by Ulrika Lomas, Tax-News.com, Brussels

Friday, August 17, 2018

The Croatian Government has announced that it will delay a planned one-percent value-added tax cut until 2020 but will cut VAT on some basic commodities from the beginning of next year. Read Full Story

Luxembourg Introduces New VAT Group Regime

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 9, 2018

Bill of law no. 7278, providing for the implementation of new value-added tax grouping rules in Luxembourg, entered into force on July 31, 2018. The bill was approved by parliament on July 26. Read Full Story

EU, Japan Ink New Trade Agreement

by Ulrika Lomas, Tax-News.com, Brussels

Monday, July 23, 2018

The EU and Japan have signed an Economic Partnership Agreement that will remove the majority of the EUR1bn (USD1.2bn) of duties paid annually by EU companies exporting to Japan. Read Full Story

UK Legislates To Adopt New EU VAT Rules For Vouchers

by Jason Gorringe, Tax-News.com, London

Friday, July 6, 2018

On July 6, 2018, the UK Government issued draft legislation that would transpose new EU value-added tax rules on vouchers into UK law, along with an explanatory memorandum of the changes. Read Full Story

Australian Tax Changes Effective From July 1

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

Friday, July 6, 2018

The Australian Government has set out the numerous changes made to the tax system on July 1 and launched a consultation on new tax rules for "stapled structures." Read Full Story

Tech Groups Raise Concerns About EU Digital Tax

by Ulrika Lomas, Tax-News.com, Brussels

Sunday, July 1, 2018

The European Commission's proposal for a digital services tax would be "deeply harmful" to the EU business environment and may lead to double taxation, a coalition of business and technology groups has warned EU leaders. Read Full Story

US Supreme Court Permits States To Tax Remote Sales

by Mike Godfrey, Tax-News.com, Washington

Tuesday, June 26, 2018

In a landmark decision on June 21, the Supreme Court of the United States overturned existing case law by ruling that a state can collect sales tax on remote sales even when the vendor does not have a physical presence in the state. Read Full Story