tax

Tax-News.com: UAE Expands Scope Of Excise Duty Regime

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.




tax

Tax-News.com: UAE Simplifies VAT Refunds For Home Owners

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.




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Tax-News.com: New Japan-Denmark DTA To Waive Cross-Border Tax

The Japanese and Danish governments announced on October 11 that they had signed a new agreement for the avoidance of double taxation in Tokyo.




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Tax-News.com: Japanese Election Result Cements Future Sales Tax Hike

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.




tax

Tax-News.com: NZ Singled Out For Praise By Tax Foundation Think Tank

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.




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Tax-News.com: Hong Kong, ASEAN Nations Sign Free Trade Deal

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.




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Tax-News.com: OECD Inviting Input On BEPS Action 14 Peer Reviews

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.




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Tax-News.com: EU, Japan Finalize Landmark Free Trade Deal

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.




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Tax-News.com: Ireland-Chile Double Tax Pact Enhanced

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.




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Tax-News.com: US Taxpayer Body Argues Against Steel, Aluminum Tariffs

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."




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Tax-News.com: Japan Planning Targeted Corporate Tax Relief

Japan's ruling Liberal Democrat Party has approved a tax reform package that will cut corporate rates for companies who increase employee wages.




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Tax-News.com: Japan, Iceland Sign Double Tax Agreement

Japan's Ministry of Finance has reported the signing of a double tax agreement with Iceland in Reykjavik.




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Tax-News.com: Agreement Reached On New Trans-Pacific Partnership

Ministers from 11 countries have announced their agreement upon the "core elements" of a new Comprehensive and Progressive Agreement for Trans-Pacific Partnership.




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Tax-News.com: Japan's Cabinet Endorses Tax Reform Plans

Japan's Cabinet recently approved tax reform bills, which have now been introduced into the country's parliament for debate.




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Tax-News.com: Australian Exporters Making The Most Of FTAs

Australia's free trade agreements are being widely used by Australian businesses, according to a new report commissioned by the Government.




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Tax-News.com: Latest Australia-Japan FTA Tariff Cuts In Force

The fifth round of tariff cuts under the Japan-Australia Economic Partnership Agreement have entered into force.




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Tax-News.com: IRS Reports Uptick In Advance Pricing Agreements

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.




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Tax-News.com: Japan's 2018 Tax Reform Package Now Law

Following its passage through Japan's parliament, the Diet, measures in Japan's 2018 tax reform package became law on April 1, 2018.




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Tax-News.com: Japan Studying How To Cushion Sales Tax Hike Impact

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.




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Tax-News.com: EU, Japan Ink New Trade Agreement

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.




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Tax-News.com: Global Tax Information Exchange Has Netted States Billions

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.




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Tax-News.com: Korea To Ease Tax Rules For Exporters To Japan

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."




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Tax-News.com: Japan Hikes Sales Tax To Ten Percent

Japan's sales tax rose from eight to 10 percent on October 1, 2019, following two previous delays to the hike.




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Tax-News.com: Japan, Morocco Sign New Tax Agreement

On January 8, 2020, Japan and Morocco signed a double taxation agreement.




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Tax-News.com: OECD Releases Action 14 Peer Reviews For Six States

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.




tax

Tax-News.com: HMRC Schedules Webinars On New Construction Services Reverse Charge

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.




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Tax-News.com: Brexit: UK Rolls Out Transitional Simplified Procedures For Importers

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.




tax

Tax-News.com: Airbnb Says UK Tax Probe Could Result In Litigation

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".




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Tax-News.com: UK Explains BEPS Changes To Luxembourg DTA

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.




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Tax-News.com: New Zealand Tops World Bank's 'Doing Business' 2020

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.




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Tax-News.com: UK Prime Minister Cancels Corporate Tax Cut

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.




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Tax-News.com: UK Labour Promises Corporate Tax Hikes, Second Brexit Referendum

The main UK opposition party Labour has set out its plans for tax reform, in a manifesto released on November 21.




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Tax-News.com: UK Gov't To Pursue Brexit, Digital Services Tax After Election Win

The Conservative Party in the UK has won an outright majority in elections held on December 12, 2019.




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Tax-News.com: BEPS Changes Effective For UK-Belgium Double Tax Deal

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.




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Tax-News.com: German Businesses Call For 25pc Corporate Tax Rate

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.




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Tax-News.com: Switzerland Confirms Status Quo With UK

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.




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Tax-News.com: UK Should Keep A Closer Eye On Tax Breaks: NAO Report

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.




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Tax-News.com: UK's IR35 Reforms Delayed For One Year

The UK Government has announced that the expansion of the off-payroll working rules, known as IR35, will be delayed until April 2021, in light of the COVID-19 outbreak.




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Tax-News.com: UK Announces Plastics Tax, Business Rates Relief In 2020 Budget

The UK's 2020 Budget, released on March 11, 2020, includes proposals to waive business rates on small retailers, to introduce a new tax on plastics, and to remove value-added tax on electronic publications.




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Tax-News.com: Germany Relaxes Tax Payment Rules

On March 13, 2020, the German Ministry of Finance announced the relaxation of certain tax payment requirements as part of a package of measures designed to ease the economic impact of the COVID-19 virus.




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Tax-News.com: Netherlands Announces Tax Measures To Mitigate COVID-19

The Dutch Government will allow taxpayers to defer payments of certain taxes under a new package of coronavirus economic relief measures.




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Tax-News.com: COVID-19: Germany Allowing Businesses To Defer Taxes

The German Ministry of Finance has adopted a circular including various tax relief measures for businesses affected by the coronavirus outbreak.




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Tax-News.com: Switzerland Announces COVID-19 Plan To Scrap Interest On Tax Arrears

The Swiss Government has announced that it will waive interest on late payments of tax, to allow companies to delay their tax payments.




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Tax-News.com: Malta Defers Tax Payment Deadlines In Response To COVID-19

In response to the coronavirus outbreak, the Maltese Government has announced deferrals for the payment of a number of taxes.




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Tax-News.com: New Zealand Enacts COVID-19 Support Bill

New Zealand has enacted The COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill to support businesses and individuals cope with the COVID-19 outbreak.




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Tax-News.com: Argentina Announces COVID-19 Tax Concessions

The Argentine Government has announced a number of tax-related measures in response to the COVID-19 pandemic.




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Tax-News.com: COVID-19: UK Delays Expansion Of Making Tax Digital For VAT

The UK Government has announced that it will delay ramping up its Making Tax Digital project, in light of COVID-19.




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Tax-News.com: COVID-19: Netherlands Announces Extra Tax Help For Small Businesses

On April 2, 2020, the Dutch Ministry of Finance announced that the rules for requesting tax payment deferrals have been simplified and extended to cover additional taxes.




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Tax-News.com: Switzerland To Amend Withholding Tax Act

The Swiss Federal Council has launched a consultation on proposals to close what it says is a loophole in the withholding tax system, in a bid to strengthen the country's debt market.




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Tax-News.com: New Zealand Issues COVID-19 Guidance For Businesses

New Zealand's Inland Revenue Department has set out the range of supports available to businesses in response to the impact of COVID-19.