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Tax-News.com: No Tax Surprises In Singapore's 2019 Budget

Singapore's recently released 2019 Budget included few significant tax announcements except confirmation that Singapore's carbon tax will be levied this year and the goods and services tax will be hiked in the medium term.




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Tax-News.com: Singapore Now Accepting FATCA Returns

The Inland Revenue Authority of Singapore is now accepting FATCA returns for the 2018 reporting year and has newly released the FATCA paper nil return for 2018.




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Tax-News.com: Singapore Issues TP Guidance For Commodities Traders

The Inland Revenue Authority of Singapore has released new transfer pricing guidance on determining the economic value of taxpayers' commodity marketing and trading activities in Singapore.




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Tax-News.com: Singapore To Exempt Virtual Currency Transactions From GST

On July 5, 2019, Singapore's tax agency released a draft guide that includes proposals for more favorable GST rules for virtual currencies.




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Tax-News.com: Singapore Issues GST Form Instructions For Reverse Charge Supplies

The Inland Revenue Authority of Singapore (IRAS) has released new guidance for GST-registered persons on the completion of new boxes in the GST F5 return from next year.




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Tax-News.com: Switzerland To Share Taxpayer Data With Hong Kong, Singapore

Switzerland's agreements for the automatic exchange of financial account information with Hong Kong and Singapore have entered into force.




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Tax-News.com: Singapore Updates Guidance On 2020 GST Reverse Charge Change

The Inland Revenue Authority of Singapore has updated its guidance on the introduction from January 1, 2020, of an obligation on Singaporean taxpayers to collect GST on imported services under a reverse charge.




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Tax-News.com: Singapore Reports On Tax, Compliance Work

The Inland Revenue Authority of Singapore (IRAS) has reported that revenues increased by 4.4 percent in the 2018-2019 fiscal year, in its annual report for the year.




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Tax-News.com: Singapore Announces Plans For GST Reforms

Singapore is to add provisions to draft legislation to enhance the new GST regime for imported services and clarify new rules for virtual currencies.




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Tax-News.com: Singapore, Germany Add BEPS Amendments To DTA

Singapore and Germany have signed a protocol to their double taxation agreement, which brings the treaty into line with international standards and amends the maximum withholding tax rates that may be charged.




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Tax-News.com: China To Probe Dumping Of Styrene by US, Korea, Taiwan

China has made a number of announcements on anti-dumping duty orders, including to launch an investigation into US, Korean, and Taiwanese exports of styrene, which is used to manufacture plastics and resins.




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Tax-News.com: Malaysia Looking At Modernizing Road Tax

Malaysian Transport Minister Liow Tiong Lai revealed on July 19 that the Government is considering introducing a more modern, innovative way of levying road tax.




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Tax-News.com: Malaysia Hints At Sector Tax Breaks In Upcoming Budget

Malaysia is to use targeted tax breaks to support certain industries in this year's budget and in particular small and medium sized businesses, according to a government minister.




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Tax-News.com: Hong Kong, ASEAN Conclude Free Trade Talks

Hong Kong has announced the conclusion of free trade agreement negotiations with the Association of South East Asian Nations.




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Tax-News.com: Malaysia's 2018 Budget Includes Various Tax Relief Changes

The Malaysian Government in its Budget 2018 announced numerous tax changes, including an income tax cut, incentives for women to return to work, and tax relief for property investors and venture capital firms.




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Tax-News.com: Labuan Urged To Adapt To BEPS By Removing Harmful Tax Offerings

Muhammad bin Ibrahim, the Governor of the Central Bank of Malaysia, has stressed the need for Labuan to review its international tax framework in light of the OECD's work on Action 5 of the base erosion and profit shifting project, on harmful tax practices.




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Tax-News.com: Australia Seeking To Expand FTA Network

The Australian Government has said that it intends to extend its network of free trade agreements, as part of its new foreign policy agenda.




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Tax-News.com: Malaysia Issues GST Guidance On Mixed-Use Buildings

Malaysia's tax agency has released Public Ruling No. 1/2018, setting out the goods and services tax rules concerning the sale of buildings on commercial land that are used for both residential and commercial purposes.




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Tax-News.com: Malaysian Firms Can Challenge Late GST Penalties Online

On March 26, 2018, Malaysia's tax agency announced that businesses can newly challenge late-payment penalties in respect of goods and services tax (GST) via the tax agency's online portal.




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EMI moratorium still troubling you? These two start-ups can help you out

Observing the need gap, two start-ups LazyPay and Spocto have launched products that will help you figure if you require the moratorium or not




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Coronavirus lockdown: How banks are focussing on 'contactless financing' to help borrowers

The crisis served as a wake-up call for banks whose digital operations were growing at a snail's pace. They have started embracing the change




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Coronavirus impact: Equity MF inflows plunge 47% in April as investors turn cautious

Coronavirus news: Fears ran amok that Franklin Templeton closing its six debt mutual fund schemes may trigger outflows from debt mutual funds. However, net outflows were only seen in credit risk and medium duration categories




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Tax-News.com: OECD Releases Mining Sector BEPS Guidance For Developing States

The OECD and the Intergovernmental Forum on Mining, Minerals, Metals, and Sustainable Development have finalized three practice notes intended to support resource-rich developing countries to protect their tax bases from erosion and profit shifting.




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Tax-News.com: FASB Issues New Accounting Rules For Audiovisual Content Producers

On March 6, 2019, the Financial Accounting Standards Board issued an Accounting Standards Update that is intended to help organizations align their accounting for production costs for films and episodic content produced for television and streaming services.




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Tax-News.com: IMF Advises Luxembourg On Coping With International Tax Changes

The IMF has welcomed Luxembourg's efforts to meet international tax standards but cautioned that international tax reform could hit the country's tax base.




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Tax-News.com: Hungary Announces Tax Cut Plan

On May 31, 2019, the Hungarian Ministry of Finance announced numerous tax cuts as part of an economic growth plan.




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Tax-News.com: Hungarian Lawmakers To Decide On Tax Cuts Plan

Hungary's 2020 Budget law is before parliament for approval. Most tax-related proposals would become effective from the start of 2020.




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Tax-News.com: US Senators Urge 'Fairness' Change To Capital Gains Tax Calculations

A group of 21 Republican members of the US Senate have signed a letter to the Treasury Secretary urging him to amend how capital gains tax liability is calculated.




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Tax-News.com: President Trump Considering New Tax Cuts

United States President Donald Trump said on August 20, 2019, that the administration is considering additional tax cuts to help maintain economic growth.




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Tax-News.com: Netherlands Planning Slower But Deeper Corporate Tax Cut

On September 17, 2019, Dutch State Secretary for Finance Menno Snel presented the Government's 2020 Tax Plan to the House of Representatives. It includes revised plans for corporate tax cuts.




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Tax-News.com: Hungarian Government Submits Tax Bill

On November 12, 2019, Hungary's Ministry of Finance announced that it has submitted to parliament the seventh and final part of its Economic Action Plan, which includes various tax measures.




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Tax-News.com: DeFazio Tables US Anti-Profit Shifting Bill

US congressman Peter DeFazio (D-OR) has introduced legislation designed to amend the Tax Cuts and Jobs Act so that incentives for US corporations to shift income and production overseas are reduced.




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Tax-News.com: Australian Tax Changes Effective From July 1

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."




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Tax-News.com: Seychelles Brings Tax Perks Into Line With Int'l Standards

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.




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Tax-News.com: Seychelles Challenged On IBCs Tax Regime

The EU's Code of Conduct Group (Business Taxation) has written to authorities in Seychelles to warn that new provisions to the territory's tax regime are considered harmful.




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Tax-News.com: Democrats Introduce US Anti-Offshoring Bills

Three Democratic members of the United States Senate have introduced two tax bills designed to discourage US companies from shifting their operations overseas and establishing arrangements in low-tax jurisdictions.




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Tax-News.com: New Zealand Tweaking GST Rule Changes For Offshore Suppliers

New Zealand's Finance and Expenditure Committee has recommended changes to legislation that would introduce a new requirement for offshore suppliers to collect GST on low-value goods supplied to New Zealand-based consumers.




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Tax-News.com: OECD Fleshes Out Int'l Tax Reform Plans During BEPS Webcast

During a webcast on June 11, the OECD provided a technical update on its work to develop new, modernized international tax rules for the digitalized economy.




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Knox Bought G-string and Sollecito Fantasized Hot Sex - Day After Meredith was Killed

The day after British student Meredith Kercher was killed, her housemate Amanda Knox and the latter's Italian boyfriendRaffaele Sollecitowere spotted




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British Lab Growing Human Body Parts: Report

Daily Mail reported that British experts are growing human body parts like nose and ears in laboratory. "This is a nose we're growing for a patient




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Survey: Does Gallows Humor Among Physicians Encourage Accusations of Murder and Euthanasia?

Nearly three quarters of the sample reported having been "humorously" accused of promoting death; for example, being called "Dr. Death," in a recent survey of palliative care medicine practitioners.




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Program of Protected Time for Sleep Improves Morning Alertness for Medical Interns: Study

A study to determine whether a protected sleep period of 5 hours is feasible and effective in increasing the time slept by interns on extended duty overnight shifts was conducted by Kevin G.




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Mobile Medical Apps with High Rating Not Always Accurate: Health Warning

A high 'star rating' for a mobile medical app doesn't necessarily reflect medical accuracy or value, observe Johns Hopkins researchers. The research




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Dengue Death Toll in West Bengal Now Stands at 12: Health Service Director

Dengue fever is a mosquito-borne tropical disease caused by the dengue virus. The death toll from dengue fever in West Bengal has gone up to 12, reported an official.




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Philippines: First Asian Country to Approve Sale of Dengue Vaccine

Dengvaxia, manufactured by French pharmaceutical giant Sanofi, secured its first regulatory approval in Mexico a fortnight ago and is currently being




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New Model Helps Predict Dengue Fever Epidemic in Urban Areas

SIR-Network Model - new mathematical model offers a simplified approach to studying the spread of dengue fever in urban areas. The model is




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New Dengue Case Reported in Delhi's Okhla: South Delhi Municipal Corporation

In 2015, as many as 15,867 cases of dengue were reported in Delhi. A case of dengue has been reported from Okhla area of the national capital, reported an official.




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Sri Lanka Records Rise in Dengue Cases

Sri Lanka's Ministry of Health launched a dengue eradication programme to control the number of dengue cases that rose to over 18,000 with 24 people reported dead.




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39 Dengue Cases Reported in Delhi, Union Health Minister J.P. Nadda Holds Meeting

Dengue fever is a vector-borne tropical disease caused by the dengue virus. 39 dengue cases have been reported in Delhi so far, a civic body report said.




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Government Issues Dengue Alert In Odisha

The Odisha Government has notified the Managing Director of Industrial Development Corporation Organization (IDCO), all district Collectors and industrial