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Singapore Issues More Automatic Tax Info Exchange Guidance

by Mary Swire, Tax-News.com, 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

 


Fractional Property Ownership Arrangement VAT-Exempt: UK's UT

by Robert Lee, Tax-News.com, London

Wednesday, February 14, 2018

The Upper Tribunal (Tax and Chancery Chamber) ruled on February 12 that the grant of fractional ownership of suites in a luxury complex in London were not similar in nature to the supply of hotel accommodation and fall within the exemption provided for the leasing or letting of immovable property. Read Full Story

 


Hungary Lowering VAT On Food

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 13, 2018

The Hungarian Government has said that it will continue its policy of reducing rates of value-added tax on various foodstuffs in 2018 to boost domestic agriculture and reduce food prices. Read Full Story

 


Barbados Agrees To Phase Out Harmful Tax Regimes

by Mike Godfrey, Tax-News.com, Washington

Tuesday, February 13, 2018

Two Barbados preferential tax regimes have been labelled "potentially harmful" in additional guidance released by the OECD in connection with its base erosion and profit shifting project. Read Full Story

 


European, African States To Review Free Trade Agreement

by Ulrika Lomas, Tax-News.com, Brussels

Friday, February 16, 2018

The European Free Trade Association states (Iceland, Liechtenstein, Norway, and Switzerland), and the South African Customs Union have begun negotiations to review their existing free trade agreement. Read Full Story

 


New CbC Reporting Guidance Included In OECD's BEPS Update

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 13, 2018

The Inclusive Framework on BEPS has released additional guidance to give certainty to tax administrations and MNE Groups alike on the implementation of Country-by-Country (CbC) reporting (BEPS Action 13). Read Full Story

 


Australia Legislates To Target 'Black Economy'

by Mary Swire, Tax-News.com, 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

 


Brexit: EU Explains Tax Impact On Cross-Border Trade

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 7, 2018

The EU's Directorate-General for Tax and Customs Union has explained how the UK ceasing to be a member of the European Union will impact the customs and value-added tax rules applying to UK businesses and EU firms trading with the UK. Read Full Story

 


India Concludes First US Bilateral Advance Pricing Agreement

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

Wednesday, February 7, 2018

The Indian Central Board of Direct Taxes on February 7 announced that it entered into its first ever bilateral advance pricing agreement with a US firm, in cooperation with authorities in the US. Read Full Story

 


Spain Publishes 2018 Tax Compliance Plan

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, February 6, 2018

The Spanish tax authority has published its annual tax and customs control plan for 2018, which details the tax compliance and enforcement measures that it intends to undertake in the coming year. Read Full Story

 

 

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