value added tax (VAT) News
New Zealand's Tax Reform Consultation Ends This Week
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, April 24, 2018
New Zealand is to soon begin formulating new tax reform measures, aimed at improving the balance and fairness of the tax regime, based on the feedback to a public consultation that ends April 30. Read Full Story
Think Tank Calls For Scottish VAT Devolution
by Jason Gorringe, Tax-News.com, London
Thursday, April 19, 2018
Reform Scotland, a non-partisan think tank, has called for value-added tax powers to be devolved from the UK Government to the Scottish Government, once legal restrictions imposed by EU law are lifted following the UK's from the European Union. Read Full Story
Sparce Fiscal Room For Irish Budget Tax Cuts
by Jason Gorringe, Tax-News.com, London
Thursday, April 19, 2018
The Irish Government will have limited fiscal space available for either tax cuts or new spending measures in its next Budget, according to its latest Stability Programme Update. Read Full Story
New Zealand Confirms Virtual Currencies Are Property For Tax Purposes
by Mary Swire, Tax-News.com, Hong Kong
Thursday, April 19, 2018
New Zealand has joined a number of territories in confirming this month that virtual currency transactions are taxable as property, in new guidance that was issued at the beginning of the month. Read Full Story
Japan Studying How To Cushion Sales Tax Hike Impact
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, April 17, 2018
Japan's Chief Cabinet Secretary, Yoshihide Suga, has announced a task force will be set up to consider ways to mitigate the negative impact of the planned 2019 consumption tax rise. Read Full Story
EU Tax Working Group To Discuss Digital Tax, MNE Tax Issues
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, April 17, 2018
The EU's High Level Working Party (Taxation) will discuss international tax reform at its meeting on April 18. Read Full Story
OECD Urges International Tax Reform Of Savings, Investments
by Ulrika Lomas, Tax-News.com, Brussels
Friday, April 13, 2018
"While countries do not necessarily need to tax savings more, there is a lot of room to improve the way countries tax savings," according to Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration. Read Full Story
Poland Draws Fire For 'Draconian' Virtual Currency Tax Policy
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, April 17, 2018
A petition has been started in Poland in protest at the Government's new transaction tax on cryptocurrency trading, which is expected to be applied retrospectively. Read Full Story
Pakistan Tax Authority Issues Audit Hit List
by Mary Swire, Tax-News.com, Hong Kong
Thursday, April 12, 2018
Pakistan's Federal Board of Revenue has released the financial and compliance parameters it intends to use to select taxpayers for audit for the 2016 tax year. Read Full Story
UK Guides Firms On How To Register For Soft Drinks Tax
by Jason Gorringe, Tax-News.com, London
Thursday, April 12, 2018
HM Revenue and Customs has released guidance on compliance obligations for those firms liable to pay the UK's new Soft Drinks Industry Levy, introduced on April 6, and for warehouses that store taxable beverages. Read Full Story
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