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Tax-News.com: Filipino Business Leaders Back Corporate Tax Reform

Business leaders in the Philippines say they fully support the Duterte Administration's proposed corporate tax reforms and investment incentives package.




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Tax-News.com: Switzerland To Implement Philippines Trade Deal

The Swiss Federal Council has announced that the free trade agreement between the European Free Trade Association and the Philippines will enter into force for Switzerland on June 1.




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Tax-News.com: Corporate Tax Cut Plan Before Filipino Lawmakers

Filipino Finance Secretary Carlos Dominguez has called on lawmakers to pass a package of tax measures, including a cut to the corporate tax rate and a reduction in tax breaks and holidays.




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Tax-News.com: Filipino Bill Would Extend Corporate Tax Perks For Schools, Hospitals

Filipino non-profit private schools and hospitals that adhere to high standards will continue to enjoy a corporate tax rate of 10 percent if a bill before the House of Representatives is adopted.




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Tax-News.com: Philippines Aiming To Finalize Tax Reform By End Of October

Benjamin Diokno, the Philippines' Budget and Management Secretary, says the Government should secure the passage of all the remaining comprehensive tax reform bills within the next two months.




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Tax-News.com: Philippines To Soon Launch Tax Amnesty

Lawmakers in the Philippines have endorsed plans for a tax amnesty scheme that will cover estate taxes, general taxes, and delinquent accounts, covering liabilities up to December 31, 2017.




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Tax-News.com: Philippines To Double Down On Tax Audits

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.




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Tax-News.com: Duterte Vetoes Law For Filipino General Tax Amnesty

The Philippines has launched a tax amnesty for those with unsettled estate tax liabilities.




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Tax-News.com: Philippines Seeking Passage Of Corporate Tax Plan By Summer

The Philippines Government has said that it hopes to secure approval from Congress of the corporate income tax reform package within the next few months.




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Tax-News.com: Philippines To Launch Estate Tax Amnesty In June

The Filipino Government has said it is planning to launch its proposed estate tax amnesty next month.




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Tax-News.com: Philippines Launches E-Payments Portal For Tax

The Philippines' Bureau of Internal Revenue has launched a digital tax payments system.




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Tax-News.com: Filipino Financial Services Tax Reforms Clear First Hurdle

The Philippines' House Committee On Ways and Means has approved a Bill that would overhaul the rates in place on financial services and passive income.




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Tax-News.com: BRICS Nations Affirm Support For BEPS Project

The heads of tax authorities from the BRICS states met in Mumbai, India, on December 5-6, 2016, to discuss the implementation of the OECD's base erosion and profit shifting project.




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Tax-News.com: EU Hails Victory In WTO Case Against Russian Duties

The European Commission has hailed victory in a World Trade Organisation case concerning Russian anti-dumping duties on certain light commercial vehicles from Germany and Italy.




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Tax-News.com: Russia Files WTO Complaint Against EU Duties

Russia has requested World Trade Organisation dispute consultations with the EU in a case involving EU anti-dumping duties on certain steel products.




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Tax-News.com: Minerals Council: Australia's Tax System Is Uncompetitive

The Minerals Council of Australia has published a report it says confirms that the country's high company tax rate is damaging mining firms' ability to compete internationally for capital investment.




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Tax-News.com: Japan And Russia To Update DTA

Russian and Japanese government representatives met in Tokyo on March 27 to begin negotiations on updating their double tax agreement.




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Tax-News.com: Russia Begins Levying Google Tax

Over 100 foreign providers of electronically supplied goods and services to Russian consumers have registered to pay value-added tax on their supplies at 18 percent.




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Tax-News.com: US To Investigate Ten Countries' Steel Exports

The Department of Commerce has initiated a wide-ranging antidumping duty and countervailing duty investigation into imports of carbon and alloy steel wire rod from ten countries.




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Tax-News.com: Russia, Japan To Sign New Double Tax Agreement

The governments of Japan and Russia on April 28 announced they have agreed the text of a new double tax agreement that would replace the 1986 pact between Japan and the former USSR.




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Tax-News.com: Russia To Hike VAT Rate To 22 Percent By 2019

To fund future tax cuts for companies, the Russian Ministry of Finance has proposed hiking the headline value-added tax rate.




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Tax-News.com: Russia To Sign OECD's BEPS Convention

Russia will sign the OECD's Multilateral Convention to implement tax treaty-related measures to prevent base erosion and profit shifting, the Government announced on May 20.




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Tax-News.com: EU Hails Victory In WTO Russia Tariff Dispute

The EU has said that, as a result of dispute proceedings it launched in 2014, Russia has lowered tariffs on certain paper, refrigerators, and palm oil products.




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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: Switzerland Exploring Options For Freer Trade

Swiss Federal Councillor Johann N Schneider-Ammann will this month travel to Russia, Indonesia, Saudi Arabia, and the US, with the aim of further developing Switzerland's bilateral trade relations with each country.




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Tax-News.com: IMF Proposes VAT Rate Hike For Russia

Russia should hike value-added tax by four percent to 22 percent and lower social security contributions, the International Monetary Fund has proposed.




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Tax-News.com: BRICS Summit Ends With Tax Commitment

The BRICS countries – Brazil, China, Russia, India, and South Africa – closed out a recent summit with an agreement on supporting one another, and developing nations, with tackling tax evasion and plugging opportunities for tax avoidance.




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Tax-News.com: Japan, Russia Agree New Double Tax Pact

The governments of Japan and Russia signed a new convention on the elimination of double taxation on September 7.




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Tax-News.com: Paper Looks At 'Tax Haven'-Use Trends Globally

The US-based National Bureau of Economic Research has released a new report that looks at which countries' taxpayers have the most wealth stored in so-called "offshore tax havens."




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Tax-News.com: EU Imposes New Anti-Dumping Duties On Steel

The European Commission has announced the imposition of new anti-dumping duties on imports of hot rolled flat steel products from four countries.




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Tax-News.com: Technology Cutting Tax Compliance Burden: Paying Taxes 2018

The use of technology by business and government in tax compliance is driving continued simplification and reduction in the burden of tax compliance on businesses, says Paying Taxes 2018, a report by The World Bank Group and PwC.




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Tax-News.com: Russia To Overhaul Taxation Of Oil And Gas Regime

Russia's Energy Ministry has announced that changes to the tax treatment of the oil industry will take place, but potentially not until 2019.




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Tax-News.com: EU Introduces New Anti-Dumping Methodology

New EU trade defence legislation entered into force on December 20, changing the way the EU deals with dumped and subsidized imports.




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Tax-News.com: Fraud At Record Levels, New BDO Report Says

BDO, the accountancy and business advisory firm, has released a report into the rapidly growing issue businesses and governments face with fraud, including tax fraud.




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Tax-News.com: Russia Proposes To Ditch Flat Individual Tax Regime

Legislation has been tabled in Russia's lower house of parliament, the Duma, to introduce a two-rate personal income tax regime, in place of the current flat tax regime.




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Tax-News.com: Denmark Tops Tax Burden League Table

Denmark was found to have the heaviest burden of taxation as a percentage of the economy in a new study by accountancy firm UHY.




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Tax-News.com: OECD Releases More Transfer Pricing Country Guides

The OECD has published new transfer pricing country profiles for Australia, China, Estonia, France, Georgia, Hungary, India, Israel, Liechtenstein, Norway, Poland, Portugal, Sweden, and Uruguay, bringing the number of such overviews published by the OECD to 44.




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Tax-News.com: Swiss Tax Agency Exchanges Information On Advance Tax Rulings

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.




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Tax-News.com: Russia Eyeing New Tourist Accommodation Tax

The Russian Government is reportedly considering the introduction of a number of new taxes, including a tax on hotel stays.




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Tax-News.com: Russia Clarifies Tax Treaty Access Rules For Non-Res Holding Companies

In a letter dated August 8, 2019, the Russian Federal Tax Service amended the rules for non-resident holding companies to be considered as the beneficial owner of Russia-sourced income.




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Tax-News.com: India, Hong Kong Sign Double Tax Deal

Hong Kong and India on March 19 signed an agreement to avoid double taxation and limit withholding tax rates on passive income at source.




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Tax-News.com: PwC India Urges GST Regime Simplification

PwC India has called for simplification of India's goods and services tax regime, in a report to mark 200 days since the regime entered into force.




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Tax-News.com: India Consults Taxpayers On Income Tax Law Reform

India has launched a consultation on efforts to reform the country's 1961 income tax law, to be led by a newly constituted task force.




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Tax-News.com: India Defers Surrogate Entity CbC Reporting Deadline

The Indian Central Board of Direct Taxes has issued a statement to defer the filing obligation on surrogate parent entities with regards to country-by-country reporting.




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Tax-News.com: India Adds BEPS Provisions To Qatar Tax Treaty

India has approved amendments to its double tax agreement with Qatar.




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Tax-News.com: India To Expand GST E-Way Bill Pilot

The Indian Government has provided an update on the roll-out of the e-Way Bill system, which was introduced on April 1, 2018, confirming it will be extended to another five states from April 15, 2018.




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Tax-News.com: India Consults On Advance Pricing Agreement Regime Changes

India's Central Board of Direct Taxes has launched a consultation on changes to the country's tax ruling process and forms to enable the country to exchange information on tax rulings with other countries' tax authorities, as proposed by the OECD in its base erosion and profit shifting (BEPS) project.




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Tax-News.com: India Announces Plans To Simplify GST Filing, Overhaul Refund System

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




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Tax-News.com: India To Expedite Resolution Of Tax Disputes In June

India's Central Board of Direct Taxation announced on June 7, 2018, that during the first two months of June tax officials have been tasked with resolving disputes with taxpayers.




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Tax-News.com: Switzerland To Hand Over HSBC Data To India

India is to receive bank account information from HSBC, after Switzerland's highest court ruled that the bank is obligated to provide data requested where the leaked data has not been purchased.