tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

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.




tax

Tax-News.com: Switzerland, India To Share Tax Data, Conclude FTA

Officials from Switzerland and India have discussed the automatic exchange of tax information and free trade.




tax

Tax-News.com: Indian GST Council Endorses GST Rate Changes For Housing

India's GST Council has decided on a number of goods and services tax regime amendments to boost the availability of affordable housing in the country.




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Tax-News.com: Indian GST Regime Changes Effective April 1

A number of goods and services tax regime amendments, intended to simplify compliance for traders, will become effective in India from April 1, 2019.




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Tax-News.com: India Finalizes Details Of New Real Estate GST Regime

India's GST Council has put flesh on the bones of its plans to introduce a new goods and services tax regime for real-estate transactions.




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Tax-News.com: India Introduced GST Changes On April 1

A number of goods and services tax regime amendments, intended to simplify compliance for traders, became effective in India from April 1, 2019.




tax

Tax-News.com: India Consults On Unitary Taxation Proposals

India's Central Board of Direct Taxes has launched a new consultation on proposals to amend Article 7 of India's double tax treaties on permanent establishment, and rule 10 in the Income Tax Rules, 1962, to establish a formula to bring within the charge to Indian tax a proportion of profits of a multinational deemed to have a significant digital presence in India. The country is considering using a formulary apportionment approach, akin to that proposed under the EU's Common Corporate Tax Base initiative.




tax

Tax-News.com: India's GST Council Agrees Overhaul Of GST Returns

During its 35th meeting, India's GST Council approved changes to GST filing requirements and deadlines, and approved the introduction of an electronic invoicing system,




tax

Tax-News.com: India Gazettes Law For Budget Tax Changes

India has published in its Official Gazette legislation to give effect to tax announcements in the 2019-20 Budget.




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Tax-News.com: India Seeking To Bury Legacy Indirect Tax Disputes This Year

India will launch its legacy dispute scheme starting September 1, 2019.




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Tax-News.com: India Again Extends Deadline For 2017-18 Annual GST Return

India has again extended the due date for furnishing the annual GST return and reconciliation statement for the 2017-18 fiscal year.




tax

Tax-News.com: Indian Banks To Begin Withholding Tax On Large Cash Withdrawals

As of September 1, 2019, India introduced an obligation for tax to be deducted at source at a two percent rate if a taxpayer's cash withdrawals totaled INR10m (USD138,350) or more in the previous year.




tax

Tax-News.com: India Sets Arm's Length 'Tolerable Range' For 2019-20

India's Ministry of Finance has released a new Notification that sets the "tolerable range" for arm's length dealings.




tax

Tax-News.com: India Announces 22pc Corporate Tax Rate

The Indian Government on September 20, 2019, announced that it will reduce the rate of corporate tax to 22 percent, from 30 percent. New domestic manufacturing ventures will benefit from a 15 percent rate.