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Macau To Sign OECD Multilateral Information Exchange Treaty

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

Friday, May 11, 2018

Macau's Chief Executive has issued an order authorizing signature of the OECD Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information. Read Full Story

 


Cayman Launches CbC Reporting Portal

by Mike Godfrey, Tax-News.com, Washington

Friday, May 11, 2018

The Cayman Islands' country-by-country (CbC) reporting portal is now open, with the first CbC reports due from some taxpayers by the end of the month. Read Full Story

 


Barbados Rejects UK Push For Public Beneficial Ownership Register

by Mike Godfrey, Tax-News.com, Washington

Friday, May 11, 2018

Barbados's Minister of Industry, International Business, Commerce, and Small Business Development, Donville Inniss, has told a Society of Trust and Estate Practitioners (STEP) conference there is no support on the island for a public register of beneficial ownership. Read Full Story

 


Australia Budget Cuts Personal Income Tax

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

Friday, May 11, 2018

In addition to extending an increased expensing limit for small firms, reforming the research and development tax incentive, and committing to further corporate tax cuts, the Australian Government has announced significant personal income tax relief in what is expected to be the last Budget before elections. Read Full Story

 


Swiss Tax Agency Exchanges Information On Advance Tax Rulings

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 11, 2018

The Swiss Federal Tax Administration has confirmed that it has transmitted its first spontaneous information reports on advance tax rulings to exchange of information partner states. Read Full Story

 


Maldives Introduces Thin Capitalization Rule

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, May 11, 2018

The Maldives Inland Revenue Authority has issued a ruling prescribing a thin capitalization rule to limit deductions for interest and payments economically equivalent to interest. Read Full Story

 


EU May Simplify VAT Rules For SMEs Earlier, Starting 2020

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 11, 2018

The EU's Committee on Economic and Monetary Affairs has recommended that the implementation of proposals to significantly simplify value-added tax compliance obligations for small and medium enterprises should be brought forward to the beginning of 2020. Read Full Story

 


India Announces Plans To Simplify GST Filing, Overhaul Refund System

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

Friday, May 4, 2018

Meeting on May 4, 2018, India's GST Council approved plans to simplify GST filing obligations. Read Full Story

 


S Korea Issues Guide For Foreign Taxpayers

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

Friday, May 4, 2018

South Korea's National Tax Service has released guidance in English for foreign taxpayers to comply with their South Korean tax affairs. Read Full Story

 


UAE Waives VAT On Precious Metals Trading

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, May 3, 2018

The UAE's Cabinet has announced that wholesale trading in gold and diamonds will be made exempt from value-added tax. Read Full Story

 

 

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