tax compliance News

UK Tax Info Request To Dubai Resident Lawful, UK Court Says

by Jason Gorringe, Tax-News.com, London

Tuesday, February 12, 2019

The UK's Court of Appeal has ruled that HM Revenue and Customs acted lawfully when issuing a request to a British expat in Dubai for documents concerning his tax affairs. Read Full Story

Ireland Opposes Majority Voting On Major EU Tax Proposals

by Jason Gorringe, Tax-News.com, London

Tuesday, February 12, 2019

Irish Finance Minister Paschal Donohoe has said that he does not see the need for the EU to scrap the requirement for unanimous voting on tax issues. Read Full Story

Australia Explains Tax Disclosure Obligation On Largest Firms

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

Tuesday, February 12, 2019

The Australian Taxation Office has issued an e-brief on how companies can assess if they are required to submit a reportable tax position schedule. Read Full Story

Philippines To Double Down On Tax Audits

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

Tuesday, February 12, 2019

The Commissioner of the Philippines Bureau of Internal Revenue, Caesar Dulay, has said the country will introduce a more stringent audit program in 2019, to further improve the tax take. Read Full Story

Seychelles Brings Tax Perks Into Line With Int'l Standards

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

Tuesday, February 5, 2019

The Seychelles says that the OECD has found the territory to have made sufficient reforms to comply with its BEPS Action 5 standard on harmful tax regimes. Read Full Story

IRS Launches Tax Filing Season

by Mike Godfrey, Tax-News.com, Washington

Tuesday, February 5, 2019

The United States Internal Revenue Service has announced that it "successfully" opened the 2019 tax-filing season, with the the agency now accepting and processing federal tax returns for the 2018 tax year. Read Full Story

New IFRS Accounting Standard On Leases Effective

by Jason Gorringe, Tax-News.com, London

Monday, January 21, 2019

International Financial Reporting Standard 16 'Leases', issued in January 2016, is effective for annual reporting periods starting on or after January 1, 2019. It replaces IAS 17 Leases and related interpretations. Read Full Story

Swiss Tax Deals With Brazil To Become Effective

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 21, 2019

Authorities in Switzerland and Brazil will begin exchanging tax information from January 1, 2020. Read Full Story

Ukraine To Launch Transfer Pricing Unit

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 21, 2019

On January 9, 2018, the Ukrainian State Fiscal Service announced that a new department dedicated to transfer pricing and international and large business tax issues will be established. Read Full Story

Netherlands Announces Tax 'Blacklist'

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 7, 2019

On December 28, 2018, the Dutch Government published in the Official Gazette a list of 21 low-tax jurisdictions. Companies doing business in these territories will face new anti-avoidance measures, intended to tackle tax base erosion and profit shifting. Read Full Story

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