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Tax-News.com: IoM: Time Running Out For Tax Amnesty Declarations

The Isle of Man Treasury has warned that time is running out for taxpayers who have failed to declare all their taxable income.




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Tax-News.com: Isle Of Man To Introduce New VAT Fraud Penalty

The Isle of Man Treasury has announced that a new 30 percent penalty for participation in VAT fraud will be introduced from March 1, 2018.




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Tax-News.com: Only Tax-Compliant Firms To Be Allowed Australian Gov't Contracts

Australia is to require businesses seeking to tender for significant federal government procurement contracts to demonstrate their record of tax compliance.




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Tax-News.com: Australia Explains Early Intervention Program

The Australian Taxation Office has explained how its Early Intervention Strategy helps it to identify tax agents at risk of non-compliance.




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Tax-News.com: Australia Issues Ruling On Hybrid Mismatch Rules

The Australian Taxation Office has opened a consultation on a draft Law Companion Ruling on the targeted integrity rule that will apply under the new hybrid mismatch regime.




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Tax-News.com: Australia Explains End-Of-Year Reporting Under STP

The Australian Taxation Office has issued guidance on how employers can prepare for end-of-year reporting under the new Single Touch Payroll system.




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Tax-News.com: Australia May Make Directors Liable For Unpaid GST In Folded Companies

Legislation before Australia's parliament would make company directors liable for a failed company's GST liabilities in certain circumstances.




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Tax-News.com: OECD Says Pace Of Global Tax Reform Has Slowed

The pace of tax reform has slowed across most leading economies, a new report from the OECD says, calling for bolder tax reforms to address future challenges.




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Tax-News.com: Exporters Urge Int'l Reform To Simplify VAT Compliance

The International Chamber of Commerce has warned that micro-, small-, and medium-sized businesses' growth prospects are being stymied by complex indirect tax regimes. It has released an issues brief that is intended to contribute towards international reform talks being led by the World Trade Organization.




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Tax-News.com: Netherlands Sets Out 2020 Tax Treaty Goals

On January 20, 2020, the Dutch Ministry of Finance announced the list of countries with which the Netherlands intends to negotiate new or amended double tax treaties in 2020.




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Tax-News.com: Ireland Issues Guidance On New Anti-Hybrid Mismatch Rules

The Irish Government has released additional guidance on its proposals for new anti-hybrid rules, responding to feedback to a consultation launched in November 2018.




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Tax-News.com: Apple's Irish Tax Ruling Appeal Gets Underway

The Irish Government is arguing that favorable tax treatment was not granted to Apple under two rulings deemed by the EU to have constituted illegal state aid to the company.




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Tax-News.com: Irish Tax Investigations Typically Last Almost A Year

Ireland's Comptroller and Auditor General has released a new report on the Irish Revenue's compliance activities during 2018, and its efforts to improve how it interacts with taxpayers since a review in 2012.




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Tax-News.com: Ireland Explains Tax Rules For Payments To Non-Resident Landlords

The Irish Revenue has updated its Tax and Duty Manual on the taxation of non-resident landlords to clarify a number of obligations.




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Tax-News.com: Tax Agencies Meet To Discuss Use Of Big Data Analysis

Tax agencies from 31 countries discussed the ways they are using data analysis tools to improve tax enforcement and administration, at the first meeting of the IOTA Forum on Tax Debt Management, held in Prague, Czech Republic, On October 1-3, 2019.




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Tax-News.com: Irish Taxpayers Must Renew 2014 Tax Rulings

Companies with a tax ruling dating from 2014 from the Irish Revenue have been encouraged to renew these before they expire.




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Tax-News.com: Ireland Schedules Election For February 8

A general election will take place in Ireland on February 8, with Prime Minister Leo Varadkar saying that this date provides a window to ensure a new government is in place ahead of the next European Council meeting in March.




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Tax-News.com: UK To Close Property Developer Offshore Tax Loophole

The United Kingdom has legislated to stop property developers from using offshore structures in the Crown Dependencies to avoid UK tax on profits.




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Tax-News.com: Jersey, Cyprus Agree New Double Taxation Agreement

Jersey has signed a double taxation agreement with the Republic of Cyprus. This is the island's twelfth agreement that meets the international standard for such agreements.




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Tax-News.com: Jersey Financial Services Sector Steady Over Past Year

Recently released statistics by Jersey's Government show a steady or improving picture for the financial services sector in 2015.




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Tax-News.com: Pakistan Targeting Panama, Bahamas Leaks Taxpayers

Pakistan's Finance Minister, Mohammad Ishaq Dar, has directed the Federal Board of Revenue to approach the tax authorities of nine territories about information in the Panama and Bahamas leaks.




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Tax-News.com: Jersey Announces Tax Amnesty

Jersey has launched a tax amnesty for prior unpaid taxes that will be offered until the end of 2017.




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Tax-News.com: Jersey Proposes Infrastructure Levy

Jersey is consulting on the introduction of a land development charge, to be called the Jersey Infrastructure Levy.




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Tax-News.com: Turkey Tops New Tax Complexity Index

Turkey is the jurisdiction with the world's most complex tax and accounting requirements, according to a new report by TMF Group.




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Tax-News.com: HMRC Shuts Down 'Liberty' Tax Avoidance Scheme

HM Revenue and Customs, the UK tax authority, has welcomed a ruling in its favor against a contrived tax avoidance scheme involving an entity in Jersey and the Cayman Islands.




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Tax-News.com: OECD Global Forum Discusses Tax Transparency Progress

200 delegates from more than 90 delegations met in Yaoundé, Cameroon, on November 15-17, 2017, for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes which now includes 147 countries and jurisdictions.




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Tax-News.com: South Africa, Belgium, Jersey Extend CbC Reporting Deadlines

South Africa, Jersey, and Belgium are among a handful of territories that have recently announced an extension to the due date for country-by-country reports under the new frameworks being introduced under Action 13 of the OECD's base erosion and profit shifting Action Plan.




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Tax-News.com: Jersey Ratifies BEPS Multilateral Instrument

Jersey has become one of only three jurisdictions to ratify the BEPS multilateral instrument to revise tax treaties to counter base erosion and profit shifting.




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Tax-News.com: Netherlands Begins International Tax System Review

The Dutch Government has launched a consultation exercise on plans to review the country's tax treaty policy and to draw up a list of low-tax jurisdictions for the purposes of enforcing incoming controlled foreign company rules.




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Tax-News.com: Switzerland Begins Sharing Tax Data Internationally

Switzerland has made its first exchanges under the new international automatic exchange of information framework, the Common Reporting Standard.




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Tax-News.com: Singaporean BEPS Treaty Amendments Become Effective

The Inland Revenue Authority of Singapore has announced that the BEPS multilateral instrument entered into force for several of its double tax treaties on April 1, 2019.




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Tax-News.com: Jersey Reassures Taxpayers Over Return Delays

Revenue Jersey has sought to reassure taxpayers over fears that they will be charged the default effective rate of tax from next January.




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Tax-News.com: Switzerland Redrafts Double Tax Treaty Law

The Swiss Government has released new legislation governing Switzerland's application of provisions in its network of double tax agreements.




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Tax-News.com: Luxembourg's 2020 Budget Approved By Parliament

On December 19, 2019, Luxembourg's Chamber of Deputies approved the Government's Budget for 2020, which among other measures includes important changes to the validity of advanced tax rulings.




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Tax-News.com: Turkey Extends VAT Exemption For Machinery

On December 24, 2019, a law was published in Turkey's official gazette extending a value-added tax exemption for the purchase of machinery and equipment.




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Tax-News.com: Seychelles Enacts Law For New Property Tax

Seychelles' new Immovable Property Tax Act, 2019, was enacted on December 27, 2019.




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Tax-News.com: US IRS Updates Virtual Currency FAQs

The United States Internal Revenue Service has recently updated its list of frequently asked questions and answers on the tax treatment of transactions involving virtual currencies.




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Tax-News.com: Germany Urged To Ensure Data Sharing On Call-Off Stock Arrangements

Germany's IT systems are not ready for the VAT "quick fix" simplifications that entered into force on January 1, 2020, according to the European Commission.




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Tax-News.com: Malta Told To Amend VAT Rules For Yacht Leasing

The European Commission has again asked Malta to amend its method for calculating VAT on yacht leasing.




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Tax-News.com: Netherlands To Probe Employment Status Tax Abuse

The Dutch Tax and Customs Administration has launched a campaign to monitor the employment status of individuals working in the care and construction sectors.




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Tax-News.com: Germany Issues Draft Guidance On DAC6

On March 2, 2020, the German Ministry of Finance released a draft discussion document on new rules implementing the sixth European Union Directive on Administrative Cooperation, under which intermediaries are obligated to report certain tax planning schemes.




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Nutrition Care Process to Empower Dieticians - Interview With Dr. Esther Myers at ISPEN 2019

Highlights: On behalf of ISPEN 2019, Medindia interviewed Dr. Esther Myers on her work in the implementation o




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Metabolic Syndrome and Living Healthy - Interview With Dr. Usha Sriram at ISPEN 2019

Highlights: On behalf of ISPEN 2019, Medindia interviewed Dr. Usha Sriram on her talk on Metabolic syndrome D




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Piggyback Heart Transplant Procedure in Chennai - Interview With Dr.Ejaz Ahmed Sheriff

Highlights: Unique surgery leaves a 100kg man with two beating hearts by a technique called the 'Piggyba




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Tax-News.com: Italy Announces Further COVID-19 Tax Measures

On April 6, 2020, Italy's Council of Ministers announced further measures to support taxpayers affected by the COVID-19 virus, including the postponement of value-added tax, social security, and wage withholding payment deadlines.




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Tax-News.com: Switzerland Has Improved Adherence With Tax Transparency Standards

The OECD's Global Forum has found Switzerland largely compliant with the international standards on transparency and the exchange of information upon request.




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Tax-News.com: COVID-19: Austria Exempts Employee Bonuses From Tax

The Austrian parliament has approved measures to exempt allowances and bonuses paid to employees from all taxes as part of the Government's economic response to the COVID-19 crisis.




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Tax-News.com: COVID-19: Bolivia Announces Filing, Payment Deferrals

Bolivia has announced a number of filing and payment extensions for taxpayers, in response to the COVID-19 outbreak.




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Tax-News.com: Malta Issues Payroll Tax Guidance On COVID-19 Wage Supplement

On April 4, 2020, Malta released payroll tax-related guidance for employers on the Government's responses to the COVID-19 epidemic.




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Tax-News.com: UK Digital Tax Guidance Needed On Scope, Liability: CIOT

The Chartered Institute of Taxation has called on the UK Government to clarify questions remaining about the UK's Digital Services Tax, which became effective this month.