.com Tax-News.com: UAE Tax Authority To Waive Late VAT Registration Penalties By www.tax-news.com Published On :: Tue, 13 Mar 2018 00:00:00 GMT The UAE's Federal Tax Authority has announced that it will waive late registration penalties for businesses that have not yet registered for VAT, on the condition that they do so by April 30 of this year. Full Article
.com Tax-News.com: EU Makes Changes To Tax Blacklist By www.tax-news.com Published On :: Wed, 14 Mar 2018 00:00:00 GMT The EU has removed three countries from its list of non-cooperative tax jurisdictions and added a further three. Full Article
.com Tax-News.com: Tax-Privileged Free Trade Zones The OECD's Next Target By www.tax-news.com Published On :: Mon, 19 Mar 2018 00:00:00 GMT In a new report, the OECD has drawn attention to criminal activity in free trade zones, which typically offer tax privileges and lighter regulation, highlighting that they may be unintentionally fostering growth in counterfeit goods. Full Article
.com Tax-News.com: EU Announces Sanctions For 'Blacklisted' Countries By www.tax-news.com Published On :: Thu, 22 Mar 2018 00:00:00 GMT The European Commission is to take steps to ensure that EU external development and investment funds cannot be channelled or transited through entities in countries included on the EU's "blacklist" of non-cooperative tax jurisdictions. Full Article
.com Tax-News.com: UAE's First VAT Quarterly Filing Deadline April 29 By www.tax-news.com Published On :: Fri, 27 Apr 2018 00:00:00 GMT The first quarterly value-added tax filing deadline of April 29 is fast approaching in the United Arab Emirates, with more than 90,000 taxpayers said to be affected. Full Article
.com Tax-News.com: UAE Waives VAT On Precious Metals Trading By www.tax-news.com Published On :: Thu, 3 May 2018 00:00:00 GMT The UAE's Cabinet has announced that wholesale trading in gold and diamonds will be made exempt from value-added tax. Full Article
.com Tax-News.com: UAE Issues Guidance On Reclaiming VAT On New House Builds By www.tax-news.com Published On :: Tue, 22 May 2018 00:00:00 GMT The United Arab Emirates' Federal Tax Authority has issued guidance on obtaining refunds of value-added tax on new homes. Full Article
.com Tax-News.com: EU Removes Bahamas, Saint Kitts From Tax Blacklist By www.tax-news.com Published On :: Mon, 4 Jun 2018 00:00:00 GMT The EU on May 25 removed the Bahamas and Saint Kitts and Nevis from its list of non-cooperative tax jurisdictions. Full Article
.com Tax-News.com: UAE Introduces CbC Reporting, Economic Substance Rules By www.tax-news.com Published On :: Tue, 16 Jul 2019 00:00:00 GMT The UAE has recently passed legislation to introduce new country-by-country reporting requirements and new economic substance requirements. Full Article
.com Tax-News.com: Oman Says VAT Not On The Backburner By www.tax-news.com Published On :: Thu, 8 Aug 2019 00:00:00 GMT Oman's Government has released a statement confirming that it is preparing to introduce VAT legislation into parliament to implement the levy without delay. Full Article
.com Tax-News.com: EU Updates Tax Blacklist By www.tax-news.com Published On :: Fri, 11 Oct 2019 00:00:00 GMT The EU has removed two countries from its list of non-cooperative tax jurisdictions and found a further five to have met their commitments on tax cooperation. Full Article
.com Tax-News.com: OECD Seeks Input On 13 New Dispute Resolution Peer Reviews By www.tax-news.com Published On :: Mon, 25 Nov 2019 00:00:00 GMT The OECD is seeking input from taxpayers on dispute resolution mechanisms in place in Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan, Oman, Qatar, Saint Kitts and Nevis, Thailand, Trinidad and Tobago, the United Arab Emirates, and Vietnam, as part of follow-up work under BEPS Action Plan Action 14. Full Article
.com Tax-News.com: UAE To Refund VAT Incurred On House Construction Works By www.tax-news.com Published On :: Mon, 2 Dec 2019 00:00:00 GMT Citizens from the United Arab Emirates (UAE) will newly be able to claim refunds for the VAT they incur when building their own home. Full Article
.com Tax-News.com: UAE Expands Scope Of Excise Duty Regime By www.tax-news.com Published On :: Fri, 6 Dec 2019 00:00:00 GMT The United Arab Emirates's amended excise tax regime entered into force on December 1, and now covers sweetened drinks and electronic smoking devices and liquids. Full Article
.com Tax-News.com: UAE Simplifies VAT Refunds For Home Owners By www.tax-news.com Published On :: Thu, 6 Feb 2020 00:00:00 GMT The United Arab Emirates' Federal Tax Authority has announced the launch of a new service on its website to simplify the process for taxpayers of recovering value-added tax incurred in building their own new homes. Full Article
.com Tax-News.com: New Japan-Denmark DTA To Waive Cross-Border Tax By www.tax-news.com Published On :: Mon, 16 Oct 2017 00:00:00 GMT The Japanese and Danish governments announced on October 11 that they had signed a new agreement for the avoidance of double taxation in Tokyo. Full Article
.com Tax-News.com: Japanese Election Result Cements Future Sales Tax Hike By www.tax-news.com Published On :: Tue, 24 Oct 2017 00:00:00 GMT Japan's proposed sales tax hike is expected to go ahead as planned in 2019 after a landslide win by incumbent Prime Minister Shinzo Abe. Full Article
.com Tax-News.com: NZ Singled Out For Praise By Tax Foundation Think Tank By www.tax-news.com Published On :: Wed, 1 Nov 2017 00:00:00 GMT In introducing its new 2017 International Tax Competitiveness Index, the Tax Foundation, a US tax policy think tank, notes the importance of simple but effective tax regimes and highlights New Zealand as the country that has implemented particularly positive reforms. Full Article
.com Tax-News.com: Hong Kong, ASEAN Nations Sign Free Trade Deal By www.tax-news.com Published On :: Mon, 13 Nov 2017 00:00:00 GMT Hong Kong has signed a new free trade agreement with the Association of Southeast Asian Nations, which is expected to become effective from January 2019. Full Article
.com Tax-News.com: OECD Inviting Input On BEPS Action 14 Peer Reviews By www.tax-news.com Published On :: Tue, 28 Nov 2017 00:00:00 GMT The OECD is seeking taxpayers' input on the mutual agreement procedure frameworks in place in the fourth batch of countries that will now be peer reviewed under the base erosion and profit shifting project: Australia, Ireland, Israel, Japan, Malta, Mexico, New Zealand, and Portugal. Full Article
.com Tax-News.com: EU, Japan Finalize Landmark Free Trade Deal By www.tax-news.com Published On :: Mon, 11 Dec 2017 00:00:00 GMT The EU's new free trade agreement with Japan, finalized by negotiators from both sides on December 8, 2017, has been described as the European bloc's most comprehensive yet. Full Article
.com Tax-News.com: Ireland-Chile Double Tax Pact Enhanced By www.tax-news.com Published On :: Tue, 12 Dec 2017 00:00:00 GMT In an e-brief issued on December 12, 2017, the Irish tax agency announced that maximum withholding tax rates on cross-border passive income have been lowered under the Ireland-Chile double tax agreement. Full Article
.com Tax-News.com: US Taxpayer Body Argues Against Steel, Aluminum Tariffs By www.tax-news.com Published On :: Thu, 14 Dec 2017 00:00:00 GMT The National Taxpayers Union has called upon the US Department of Commerce to halt its investigation into steel and aluminum imports, claiming that imposing tariffs would be "an economically inefficient solution to a narrow problem." Full Article
.com Tax-News.com: Japan Planning Targeted Corporate Tax Relief By www.tax-news.com Published On :: Thu, 14 Dec 2017 00:00:00 GMT Japan's ruling Liberal Democrat Party has approved a tax reform package that will cut corporate rates for companies who increase employee wages. Full Article
.com Tax-News.com: Japan, Iceland Sign Double Tax Agreement By www.tax-news.com Published On :: Tue, 16 Jan 2018 00:00:00 GMT Japan's Ministry of Finance has reported the signing of a double tax agreement with Iceland in Reykjavik. Full Article
.com Tax-News.com: Agreement Reached On New Trans-Pacific Partnership By www.tax-news.com Published On :: Wed, 24 Jan 2018 00:00:00 GMT Ministers from 11 countries have announced their agreement upon the "core elements" of a new Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Full Article
.com Tax-News.com: Japan's Cabinet Endorses Tax Reform Plans By www.tax-news.com Published On :: Mon, 5 Feb 2018 00:00:00 GMT Japan's Cabinet recently approved tax reform bills, which have now been introduced into the country's parliament for debate. Full Article
.com Tax-News.com: Australian Exporters Making The Most Of FTAs By www.tax-news.com Published On :: Thu, 1 Mar 2018 00:00:00 GMT Australia's free trade agreements are being widely used by Australian businesses, according to a new report commissioned by the Government. Full Article
.com Tax-News.com: Latest Australia-Japan FTA Tariff Cuts In Force By www.tax-news.com Published On :: Mon, 2 Apr 2018 00:00:00 GMT The fifth round of tariff cuts under the Japan-Australia Economic Partnership Agreement have entered into force. Full Article
.com Tax-News.com: IRS Reports Uptick In Advance Pricing Agreements By www.tax-news.com Published On :: Fri, 6 Apr 2018 00:00:00 GMT The US Internal Revenue Services has released its annual report on the number of advance pricing agreements and applications and made during the 2017 calendar year. Full Article
.com Tax-News.com: Japan's 2018 Tax Reform Package Now Law By www.tax-news.com Published On :: Fri, 6 Apr 2018 00:00:00 GMT Following its passage through Japan's parliament, the Diet, measures in Japan's 2018 tax reform package became law on April 1, 2018. Full Article
.com Tax-News.com: Japan Studying How To Cushion Sales Tax Hike Impact By www.tax-news.com Published On :: Tue, 17 Apr 2018 00:00:00 GMT 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. Full Article
.com Tax-News.com: EU, Japan Ink New Trade Agreement By www.tax-news.com Published On :: Mon, 23 Jul 2018 00:00:00 GMT The EU and Japan have signed an Economic Partnership Agreement that will remove the majority of the EUR1bn (USD1.2bn) of duties paid annually by EU companies exporting to Japan. Full Article
.com Tax-News.com: Global Tax Information Exchange Has Netted States Billions By www.tax-news.com Published On :: Fri, 21 Jun 2019 00:00:00 GMT The OECD has reported on the progress achieved to improve tax transparency internationally under the new Common Reporting Standard (CRS), ahead of the meeting of G20 finance ministers in Fukuoka, Japan. Full Article
.com Tax-News.com: Korea To Ease Tax Rules For Exporters To Japan By www.tax-news.com Published On :: Thu, 8 Aug 2019 00:00:00 GMT South Korea's Government has announced that it will provide tax relief to small and medium size businesses that have been affected by Japan's decision to remove 159 South Korea products from its export "white list." Full Article
.com Tax-News.com: Japan Hikes Sales Tax To Ten Percent By www.tax-news.com Published On :: Fri, 4 Oct 2019 00:00:00 GMT Japan's sales tax rose from eight to 10 percent on October 1, 2019, following two previous delays to the hike. Full Article
.com Tax-News.com: Japan, Morocco Sign New Tax Agreement By www.tax-news.com Published On :: Wed, 15 Jan 2020 00:00:00 GMT On January 8, 2020, Japan and Morocco signed a double taxation agreement. Full Article
.com Tax-News.com: OECD Releases Action 14 Peer Reviews For Six States By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT The OECD on August 13, 2019, released follow-up reports for Belgium, Canada, the Netherlands, Switzerland, the United Kingdom, and the United States on their efforts to implement BEPS recommendations on dispute resolution. Full Article
.com Tax-News.com: HMRC Schedules Webinars On New Construction Services Reverse Charge By www.tax-news.com Published On :: Thu, 29 Aug 2019 00:00:00 GMT The UK tax agency has announced that it has scheduled two new webinars to support the construction industry to come to terms with the new VAT reverse charge being introduced on building and construction services from October 1. Full Article
.com Tax-News.com: Brexit: UK Rolls Out Transitional Simplified Procedures For Importers By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT HM Revenue and Customs (HMRC) has automatically registered 95,000 businesses for its simplified import procedures, allowing most UK traders up to six months to pay import duties and submit customs declarations, if the UK leaves the EU without a deal on October 31, 2019. Full Article
.com Tax-News.com: Airbnb Says UK Tax Probe Could Result In Litigation By www.tax-news.com Published On :: Mon, 28 Oct 2019 00:00:00 GMT Airbnb has disclosed that it has been contacted by HM Revenue and Customs regarding the application of tax laws or regulations impacting the company's business, adding that some matters "may result in litigation". Full Article
.com Tax-News.com: UK Explains BEPS Changes To Luxembourg DTA By www.tax-news.com Published On :: Fri, 8 Nov 2019 00:00:00 GMT On November 5, 2019, the UK Government released the synthesized text of the Luxembourg-UK double tax agreement, as modified by the BEPS multilateral instrument. Full Article
.com Tax-News.com: New Zealand Tops World Bank's 'Doing Business' 2020 By www.tax-news.com Published On :: Fri, 8 Nov 2019 00:00:00 GMT New Zealand is the easiest place in the world to do business, according to the World Bank's new Doing Business 2020 report, which looks at the simplicity of setting up, operating, and paying taxes in 190 territories around the world. Full Article
.com Tax-News.com: UK Prime Minister Cancels Corporate Tax Cut By www.tax-news.com Published On :: Tue, 26 Nov 2019 00:00:00 GMT UK Prime Minister Boris Johnson has announced that his party intends to cancel a planned cut to the corporate tax rate, which was scheduled for April 2020. Full Article
.com Tax-News.com: UK Labour Promises Corporate Tax Hikes, Second Brexit Referendum By www.tax-news.com Published On :: Tue, 26 Nov 2019 00:00:00 GMT The main UK opposition party Labour has set out its plans for tax reform, in a manifesto released on November 21. Full Article
.com Tax-News.com: UK Gov't To Pursue Brexit, Digital Services Tax After Election Win By www.tax-news.com Published On :: Mon, 16 Dec 2019 00:00:00 GMT The Conservative Party in the UK has won an outright majority in elections held on December 12, 2019. Full Article
.com Tax-News.com: BEPS Changes Effective For UK-Belgium Double Tax Deal By www.tax-news.com Published On :: Wed, 15 Jan 2020 00:00:00 GMT The UK Government on January 10, 2020, released the synthesized text of the 1987 Belgium-UK double tax agreement, as modified by the BEPS multilateral instrument. Full Article
.com Tax-News.com: German Businesses Call For 25pc Corporate Tax Rate By www.tax-news.com Published On :: Thu, 6 Feb 2020 00:00:00 GMT The Federal Association of German Industry, the BDI, has urged the German government to forge ahead with corporate tax reforms, warning that Germany's corporate tax regime is becoming increasingly out of step with the country's competitors. Full Article
.com Tax-News.com: Switzerland Confirms Status Quo With UK By www.tax-news.com Published On :: Thu, 6 Feb 2020 00:00:00 GMT Switzerland has said that the withdrawal of the UK from the EU on January 31 will not change the relationship between Switzerland and the UK in the near future. Full Article
.com Tax-News.com: UK Should Keep A Closer Eye On Tax Breaks: NAO Report By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT The UK's National Audit Office has called for a more comprehensive review of the 1,190 tax relief measures available for taxpayers, which are estimated to have cost the UK revenues worth GBP155bn (USD201.7bn) in 2018-19. Full Article