tax Tax-News.com: South African Tax Man Stresses Integrity Of Tax Refund System By www.tax-news.com Published On :: Mon, 6 Nov 2017 00:00:00 GMT The South African Revenue Service announced on October 30 that it had paid over ZAR120bn (USD8.4bn) in refunds across all tax types in the last seven months, from the beginning of April of the tax season to date. Full Article
tax Tax-News.com: South Africa To Launch Inquiry Into Tax Revenue Shortfall By www.tax-news.com Published On :: Wed, 8 Nov 2017 00:00:00 GMT South Africa is to launch an inquiry into the reasons behind a shortfall in tax revenue collections. Full Article
tax Tax-News.com: All African States To Sign A Continental FTA In March By www.tax-news.com Published On :: Thu, 7 Dec 2017 00:00:00 GMT The United States Economic Commission for Africa says African countries are gearing up to sign the African Continental Free Trade Area Agreement, with a key deadline this month being hit with an agreement among ministers. Full Article
tax Tax-News.com: South African Tax Agency Reports On Tax Trends By www.tax-news.com Published On :: Mon, 18 Dec 2017 00:00:00 GMT The South African Revenue Service has released the 2017 edition of its Tax Statistics report, looking at the agency's performance over the 2013 to 2016 tax years. Full Article
tax Tax-News.com: South African Tax Debts Due By January 31 Deadline By www.tax-news.com Published On :: Mon, 22 Jan 2018 00:00:00 GMT The South African Revenue Service has reminded taxpayers that individual tax payment is required by January 31, 2018. Full Article
tax Tax-News.com: South Africa Guides On Impact Of April VAT Hike By www.tax-news.com Published On :: Wed, 28 Feb 2018 00:00:00 GMT South Africa has issued a guide on the value-added tax rate increase to 15 percent from 14 percent due to take effect from April 1, 2018. Full Article
tax Tax-News.com: SARS Announces Temporary Relief From New CFC Reporting Rules By www.tax-news.com Published On :: Fri, 16 Mar 2018 00:00:00 GMT The South African Revenue Service has announced that it will temporarily permit taxpayers to report information on controlled foreign corporations under the old filing rules, which were replaced in February. Full Article
tax Tax-News.com: South Africa To Increase VAT On April 1 By www.tax-news.com Published On :: Mon, 26 Mar 2018 00:00:00 GMT On April 1, 2018, South Africa will raise its value-added tax rate to 15 percent from 14 percent. Full Article
tax Tax-News.com: African States Conclude Landmark Free Trade Deal By www.tax-news.com Published On :: Wed, 28 Mar 2018 00:00:00 GMT 44 African countries have signed a landmark free trade pact to simplify tax and non-tax rules for trading between their borders. Full Article
tax Tax-News.com: South Africa Increases VAT Rate To 15 Percent By www.tax-news.com Published On :: Mon, 2 Apr 2018 00:00:00 GMT On April 1, 2018, South Africa increased its value-added tax rate to 15 percent from 14 percent. Full Article
tax Tax-News.com: SARS Sets Out Expectations On Virtual Currency Tax Compliance By www.tax-news.com Published On :: Fri, 6 Apr 2018 00:00:00 GMT The South African Revenue Service on April 6, 2018, warned taxpayers that they are expected to declare cryptocurrency gains or losses in calculating their taxable income. Full Article
tax Tax-News.com: OECD Urges International Tax Reform Of Savings, Investments By www.tax-news.com Published On :: Fri, 13 Apr 2018 00:00:00 GMT "While countries do not necessarily need to tax savings more, there is a lot of room to improve the way countries tax savings," according to Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration. Full Article
tax Tax-News.com: South Africa Launches VAT Zero Rate Review By www.tax-news.com Published On :: Fri, 27 Apr 2018 00:00:00 GMT Having increased the headline value-added tax rate to 15 percent from 14 percent on April 1, South Africa has appointed a panel to consider a review of the list of food items subject to the zero rate. Full Article
tax Tax-News.com: South Africa Invites Comment On VAT Zero-Rate Review By www.tax-news.com Published On :: Fri, 11 May 2018 00:00:00 GMT South Africa's National Treasury is inviting the public to contribute to a review of the list of items zero-rated for value-added tax purposes. Full Article
tax Tax-News.com: South Africa Drops Paper Forms To Encourage E-Filiing By www.tax-news.com Published On :: Mon, 16 Jul 2018 00:00:00 GMT The South African Revenue Service has removed certain paper forms from its branches in an attempt to encourage more taxpayers to file tax returns electronically. Full Article
tax Tax-News.com: Swiss Gov't Approves BEPS Multilateral Instrument By www.tax-news.com Published On :: Fri, 21 Sep 2018 00:00:00 GMT The Swiss Federal Council has approved an OECD multilateral convention designed to prevent BEPS-related abuse of the international tax treaty system. Full Article
tax Tax-News.com: African Continental FTA To Enter Into Force By www.tax-news.com Published On :: Fri, 10 May 2019 00:00:00 GMT The African Continental Free Trade Agreement will enter into force on May 30, 2019, after Sierra Leone and the Sahrawi Republic deposited their instruments of ratification of the agreement. Full Article
tax Tax-News.com: Tax Experts Have Helped Developing Countries Net USD500m In Tax By www.tax-news.com Published On :: Fri, 27 Sep 2019 00:00:00 GMT The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilization, says the annual report for the initiative Tax Inspectors Without Borders. Full Article
tax Tax-News.com: South Africa Launches Large Business Center By www.tax-news.com Published On :: Mon, 28 Oct 2019 00:00:00 GMT On October 23, 2019, the Commissioner of the South African Revenue Service launched the re-established Large Business Centre, which aims to bring about higher levels of voluntary tax compliance among large taxpayers. Full Article
tax Tax-News.com: Germany Approves VAT Cut For E-Books By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT The German Cabinet has approved a proposal to reduce the rate of value-added tax on electronic publications. The rate is expected to drop from January 1, 2020. Full Article
tax Tax-News.com: Germany To Cut Corporate Tax For SMEs By www.tax-news.com Published On :: Thu, 29 Aug 2019 00:00:00 GMT On August 29, 2019, German Economy Minister Peter Altmaier announced the outlines of a plan to reduce the tax and regulatory burden on small and medium-sized companies in Germany. Full Article
tax Tax-News.com: German Government Approves Climate Plan By www.tax-news.com Published On :: Fri, 4 Oct 2019 00:00:00 GMT On October 1, 2019, the German Federal Cabinet approved financing of EUR54bn (USD59bn) for the Climate Protection Program 2030, which includes the introduction of carbon pricing, as well as other tax measures intended to encourage the use of cleaner forms of transport. Full Article
tax Tax-News.com: Switzerland Sends 2019 Taxpayer Data Under CRS By www.tax-news.com Published On :: Fri, 11 Oct 2019 00:00:00 GMT Switzerland's Federal Tax Administration has announced the exchange of information on millions of financial accounts with 75 partner countries. Full Article
tax Tax-News.com: Germany To Launch Special Anti-Tax Fraud Unit By www.tax-news.com Published On :: Tue, 26 Nov 2019 00:00:00 GMT On November 18, 2019, the German Ministry of Finance published a question and answer section on its website to clarify the role of a new special unit within the tax authority designed to detect cases of tax fraud more quickly. Full Article
tax Tax-News.com: German Lawmakers Reject VAT Cut On Rail Fares By www.tax-news.com Published On :: Fri, 6 Dec 2019 00:00:00 GMT The upper house of the German parliament, the Bundesrat, has rejected certain tax elements of the Government's climate protection plan, including a reduction in value-added tax on long-distance rail travel. Full Article
tax Tax-News.com: German Lawmakers Agree Climate Package By www.tax-news.com Published On :: Mon, 23 Dec 2019 00:00:00 GMT On December 18, 2019, the mediation committee of the lower and upper houses of the German parliament (Bundestag and Bundesrat) announced an agreement on the Government's climate legislation, which includes several tax measures. Full Article
tax Tax-News.com: Switzerland Simplifies Process For German WHT Refunds By www.tax-news.com Published On :: Wed, 15 Jan 2020 00:00:00 GMT The Swiss Government has said that from January 31, individuals and legal entitles domiciled in Germany will be able to use an online Swiss application to request a refund of Swiss withholding tax. Full Article
tax Tax-News.com: Nautilus Welcomes Progress On Maritime Labour Convention Amendment By www.tax-news.com Published On :: Mon, 29 Feb 2016 00:00:00 GMT Nautilus, an international trade union for maritime workers, has welcomed the outcome of top-level talks on updates to the Maritime Labour Convention to include measures to address bullying and harassment and to safeguard seafarers' wages when they are held captive. Full Article
tax Tax-News.com: Inmarsat Hails Progress Towards Truly Global Internet By www.tax-news.com Published On :: Mon, 29 Feb 2016 00:00:00 GMT Inmarsat, together with Global Marine Networks and Network Innovations, announced on February 22 that the trial of Fleet Xpress in Antartic waters was a success. The service – the world's first globally available high-speed broadband service from a single network operator – was installed on board the adventure cruise ship Ocean Nova. Full Article
tax Tax-News.com: Container Shipping Lines Offer Pricing Policy Shake-up By www.tax-news.com Published On :: Mon, 29 Feb 2016 00:00:00 GMT The European Commission has invited comments on commitments offered by fifteen container liner shipping companies to address concerns raised relating to concerted practices. Full Article
tax Tax-News.com: London On-Water Boat Show To Open In May By www.tax-news.com Published On :: Mon, 29 Feb 2016 00:00:00 GMT The organizers of last year's St Katharine Docks On-Water Exhibition have announced that they are planning an event this year, on May 4-7, that will be double the size of last year's, renamed as "The London On-Water Yacht and Boat Show." Full Article
tax Tax-News.com: Dutch Ports Appeal Against EU Tax Ruling By www.tax-news.com Published On :: Wed, 30 Mar 2016 00:00:00 GMT The European Commission's ruling directing the Government of the Netherlands to repeal corporate tax exemptions benefiting six seaports will be appealed by the ports in question. Full Article
tax Tax-News.com: EFTA Signs FTA With The Philippines By www.tax-news.com Published On :: Thu, 28 Apr 2016 00:00:00 GMT Representatives of the European Free Trade Association - Iceland, Liechtenstein, Norway, and Switzerland - and the Philippines signed a free trade agreement in the Swiss capital of Bern on April 28. Full Article
tax Tax-News.com: Norway's Tax Refunds For Ship Owners Approved By www.tax-news.com Published On :: Fri, 29 Apr 2016 00:00:00 GMT The European Free Trade Association Surveillance Authority has approved a Norwegian state aid scheme which grants tax refunds to ship owners. Full Article
tax Tax-News.com: EFTA States Conclude Georgia FTA, Begin Ecuador Talks By www.tax-news.com Published On :: Mon, 4 Jul 2016 00:00:00 GMT The member states of the European Free Trade Association signed a free trade agreement with Georgia during a meeting on June 27, 2016. Full Article
tax Tax-News.com: Hong Kong, Russia DTA Enters Into Force By www.tax-news.com Published On :: Fri, 5 Aug 2016 00:00:00 GMT The comprehensive double taxation agreement between Hong Kong and Russia, which was signed in January this year, entered into force on July 29, 2016, and will be in effect in Hong Kong for any year of assessment beginning on or after April 1, 2017. Full Article
tax Tax-News.com: EFTA Approves Norwegian Tonnage Tax Extension By www.tax-news.com Published On :: Mon, 14 Nov 2016 00:00:00 GMT The European Free Trade Association Surveillance Authority has approved a six-month extension of the current Norwegian special tax system for shipping under the area's state aid rules. Full Article
tax Tax-News.com: Seychelles Issues Final Ruling On Expenses Deduction By www.tax-news.com Published On :: Thu, 24 Nov 2016 00:00:00 GMT The Seychelles Revenue Commission has issued its final Public Ruling 2016-2 to provide clarity regarding the methodology used to calculate the additional special business tax deduction allowed for marketing and promotion expenditure. Full Article
tax Tax-News.com: EFTA Approves Eco Tax Incentives For Norwegian Ships By www.tax-news.com Published On :: Fri, 2 Dec 2016 00:00:00 GMT The European Free Trade Association Surveillance Authority has approved a tax-based state aid scheme aimed at reducing maritime transport pollution in Norway. Full Article
tax Tax-News.com: South Africa Consults On Diesel Fuel Tax Refund Overhaul By www.tax-news.com Published On :: Thu, 16 Feb 2017 00:00:00 GMT The South African National Treasury has issued a discussion paper on a new diesel tax refund system, reviewing its administration and addressing anomalies related to its qualifying activities and beneficiaries. Full Article
tax Tax-News.com: Hong Kong Seeking To Improve Insurance Tax Incentives By www.tax-news.com Published On :: Mon, 6 Mar 2017 00:00:00 GMT The Financial Services Development Council released a report on March 3 on the policies, including tax measures, Hong Kong could adopt to improve its position as an insurance hub, especially in reinsurance, marine insurance, and captives. Full Article
tax Tax-News.com: Greek Shipowners Agree Extra Tax Payments By www.tax-news.com Published On :: Tue, 4 Jul 2017 00:00:00 GMT The Greek shipping industry has agreed to renew a tax agreement under which shipping companies pay additional tax to the Government. Full Article
tax Tax-News.com: EU Expected To Adopt New Fuel Marker To Prevent Fraud By www.tax-news.com Published On :: Mon, 24 Jul 2017 00:00:00 GMT New chemical markers intended to be used in gas oil (diesel) and kerosene in the EU are more resilient to fraud than the one currently applied, and introducing a new marker might cost less than member states currently lose in tax revenues, a new EU report says. Full Article
tax Tax-News.com: Greek Shipping Firms Unhappy With Tax Regime By www.tax-news.com Published On :: Wed, 6 Sep 2017 00:00:00 GMT Tax regime instability has been cited by Greek shipping companies as a reason why they would consider switching to an alternative jurisdiction, according to a report by EY. Full Article
tax Tax-News.com: Norway's Reelected Conservatives Pledge Tax Cuts By www.tax-news.com Published On :: Thu, 14 Sep 2017 00:00:00 GMT Norway's reelected Conservative Prime Minister, Erna Solberg, has pledged tax cuts for companies to encourage higher investment, job creation, and economic growth. Full Article
tax Tax-News.com: India To Amend GST Rates On Oil, Gas Industry By www.tax-news.com Published On :: Wed, 11 Oct 2017 00:00:00 GMT India's Goods and Services Tax Council has proposed new GST rates for the oil and gas industry. Full Article
tax Tax-News.com: Philippines May Soon Ratify FTA With European States By www.tax-news.com Published On :: Mon, 8 Jan 2018 00:00:00 GMT Having endorsed the deal, the President of the Philippines, Rodrigo Duterte, has forwarded on a bill to ratify the free trade agreement with the European Free Trade Association states to the Senate. Full Article
tax Tax-News.com: EC Scrutinizes Tax Breaks For Polish Shipyards By www.tax-news.com Published On :: Mon, 15 Jan 2018 00:00:00 GMT The European Commission has opened an in-depth investigation into a Polish tax scheme for shipyards, which it says could give shipbuilders an unfair competitive advantage over rivals. Full Article
tax Tax-News.com: European, African States To Review Free Trade Agreement By www.tax-news.com Published On :: Fri, 16 Feb 2018 00:00:00 GMT The European Free Trade Association states (Iceland, Liechtenstein, Norway, and Switzerland), and the South African Customs Union have begun negotiations to review their existing free trade agreement. Full Article
tax Tax-News.com: Swiss Government Signs Off On Tax, Trade Issues By www.tax-news.com Published On :: Fri, 30 Nov 2018 00:00:00 GMT Switzerland's Government has recently decided on a number of trade matters and reviewed its plans for changes to how it administers vehicle taxes. Full Article