tax Tax-News.com: Australia To Improve Division 7A Tax Rules For Shareholders By www.tax-news.com Published On :: Fri, 26 Oct 2018 00:00:00 GMT The Australian Government is to simplify taxpayers' compliance with rules designed to prevent shareholders from using private company profits without paying tax at their marginal rates. Full Article
tax Tax-News.com: Estonia Tops Tax Foundation's Tax Competitiveness Index By www.tax-news.com Published On :: Mon, 29 Oct 2018 00:00:00 GMT Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD." Full Article
tax Tax-News.com: Australian SME Tax Cuts Now Law By www.tax-news.com Published On :: Mon, 29 Oct 2018 00:00:00 GMT Legislation to reduce Australia's small business tax rate received Royal Assent on October 25. Full Article
tax Tax-News.com: Australian Tax Office Expands Data Matching Program By www.tax-news.com Published On :: Fri, 2 Nov 2018 00:00:00 GMT The Australian Taxation Office has announced that it is expanding its data matching program to focus on information it receives from partner organizations on shares held by taxpayers. Full Article
tax Tax-News.com: Australia Consults On Tax Implications Of Insurance Law Reform By www.tax-news.com Published On :: Fri, 16 Nov 2018 00:00:00 GMT The Australian Government is consulting on the tax implications of a new accounting standard for insurance contracts. Full Article
tax Tax-News.com: OECD Reports Progress On Harmful Tax Regimes Work By www.tax-news.com Published On :: Fri, 23 Nov 2018 00:00:00 GMT Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide. Full Article
tax Tax-News.com: Only Tax-Compliant Firms To Be Allowed Australian Gov't Contracts By www.tax-news.com Published On :: Fri, 23 Nov 2018 00:00:00 GMT Australia is to require businesses seeking to tender for significant federal government procurement contracts to demonstrate their record of tax compliance. Full Article
tax Tax-News.com: Australian Regulator Flags Important Accounting Standard Changes By www.tax-news.com Published On :: Fri, 7 Dec 2018 00:00:00 GMT The Australian Securities and Investments Commission has highlighted the significant impact that recent accounting standard changes will have for financial reports that must be prepared for the year to December 31, 2018, and second quarter reports. Full Article
tax Tax-News.com: Australia Explains Tax Disclosure Obligation On Largest Firms By www.tax-news.com Published On :: Tue, 12 Feb 2019 00:00:00 GMT The Australian Taxation Office has issued an e-brief on how companies can assess if they are required to submit a reportable tax position schedule. Full Article
tax Tax-News.com: Australia Warns On Real Estate GST Non-Compliance By www.tax-news.com Published On :: Thu, 14 Mar 2019 00:00:00 GMT The Australian Taxation Office said that it has noticed a number of common errors being made in activity statements since the "goods and services tax at settlement" system was introduced for the real estate industry in July 2018. Full Article
tax Tax-News.com: Australia Toughens Tax Rules For Procurement Bids By www.tax-news.com Published On :: Fri, 5 Apr 2019 00:00:00 GMT The Australian Government is to implement a new government procurement process that will require the tenderer's tax record to be taken into account. Full Article
tax Tax-News.com: Australia Brings Forward Personal Income Tax Reform In 2019 Budget By www.tax-news.com Published On :: Fri, 5 Apr 2019 00:00:00 GMT Australian Treasurer Josh Frydenberg has announced that the Government will bring forward the start date for its package of income tax cuts. Full Article
tax Tax-News.com: Australia Explains Early Intervention Program By www.tax-news.com Published On :: Mon, 15 Apr 2019 00:00:00 GMT The Australian Taxation Office has explained how its Early Intervention Strategy helps it to identify tax agents at risk of non-compliance. Full Article
tax Tax-News.com: Australia Issues Ruling On Hybrid Mismatch Rules By www.tax-news.com Published On :: Mon, 15 Apr 2019 00:00:00 GMT 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. Full Article
tax Tax-News.com: NZ Accountants Welcome Tax Reform Decisions By www.tax-news.com Published On :: Mon, 29 Apr 2019 00:00:00 GMT Chartered Accountants Australia and New Zealand (CA ANZ) has given a guarded welcome to the New Zealand Government's response to the recommendations of the Tax Working Group. Full Article
tax Tax-News.com: Australia Explains End-Of-Year Reporting Under STP By www.tax-news.com Published On :: Mon, 29 Apr 2019 00:00:00 GMT The Australian Taxation Office has issued guidance on how employers can prepare for end-of-year reporting under the new Single Touch Payroll system. Full Article
tax Tax-News.com: Australia Clarifies Effective Life Of Depreciable Assets By www.tax-news.com Published On :: Tue, 16 Jul 2019 00:00:00 GMT The Australian Taxation Office has released a new ruling on how to calculate the effective life of depreciating assets for income tax purposes, in Taxation Ruling (TR) 2019/5, which is applicable from July 1, 2019. Full Article
tax Tax-News.com: Australia May Make Directors Liable For Unpaid GST In Folded Companies By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT Legislation before Australia's parliament would make company directors liable for a failed company's GST liabilities in certain circumstances. Full Article
tax Tax-News.com: Australian High Court Allows Use Of Leaked Data In Tax Probes By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT The Australian Taxation Office has welcomed a significant ruling from Australia's High Court, which enables the tax agency to use information obtained from data leaks, even if leaked from a law firm. Full Article
tax Tax-News.com: Glencore Wins AUD92m Transfer Pricing Case In Australia By www.tax-news.com Published On :: Thu, 5 Sep 2019 00:00:00 GMT Australia's Federal Court issued a decision in favor of mining company Glencore on September 3, 2019. The case centered on whether dealings between Swiss parent Glencore International AG and an Australian subsidiary breached transfer pricing rules in relation to the sale and purchase of copper concentrate in the 2007-09 years. Full Article
tax Tax-News.com: OECD Says Pace Of Global Tax Reform Has Slowed By www.tax-news.com Published On :: Thu, 5 Sep 2019 00:00:00 GMT 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. Full Article
tax Tax-News.com: Exporters Urge Int'l Reform To Simplify VAT Compliance By www.tax-news.com Published On :: Fri, 20 Sep 2019 00:00:00 GMT 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. Full Article
tax Tax-News.com: Australian Tax Changes For Self-Managed Super Funds Effective By www.tax-news.com Published On :: Fri, 11 Oct 2019 00:00:00 GMT Australia has enacted new integrity measures included in the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019 affecting self-managed super funds. Full Article
tax Tax-News.com: Netherlands Sets Out 2020 Tax Treaty Goals By www.tax-news.com Published On :: Mon, 27 Jan 2020 00:00:00 GMT 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. Full Article
tax Tax-News.com: Australia Announces CbC Reporting Changes By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT The Australian Taxation Office has announced changes to its CbC reporting system following feedback from multinational groups. Full Article
tax Tax-News.com: OECD Provides Update To G20 On BEPS Work By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses. Full Article
tax Tax-News.com: J5 Reviews Work To Tackle Cross-Border Tax Crimes By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT On February 19, 2020, the United States Internal Revenue Service announced that the leaders of the Joint Chiefs of Global Tax Enforcement recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead. Full Article
tax Tax-News.com: Ireland Consults On Capital Gains Tax Relief Review By www.tax-news.com Published On :: Thu, 13 Jun 2019 00:00:00 GMT The Irish Finance Department has launched a consultation on potential changes to the capital gains tax revised entrepreneur relief. Full Article
tax Tax-News.com: Ireland Consults On Future Of Two Tax Reliefs By www.tax-news.com Published On :: Fri, 5 Jul 2019 00:00:00 GMT The Irish Government is holding a public consultation on the Special Assignee Relief Programme and the Foreign Earnings Deduction, as part of a broader independent review of the reliefs. Full Article
tax Tax-News.com: Ireland Issues Guidance On New Anti-Hybrid Mismatch Rules By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT 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. Full Article
tax Tax-News.com: OECD's Digital Tax Work Has Broad Ramifications For Ireland By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT As a small open economy, Ireland may be affected significantly by the OECD's proposals to modify how taxing rights are allocated among countries, Irish business association Ibec has said. Full Article
tax Tax-News.com: Ireland Issues E-Brief On Mergers And Divisions By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT The Irish Revenue has published guidance on the tax compliance obligations that arise from mergers and divisions. Full Article
tax Tax-News.com: UK Lists Instructions For Traders On Brexit By www.tax-news.com Published On :: Fri, 30 Aug 2019 00:00:00 GMT HM Revenue and Customs has written to VAT-registered businesses that trade with the EU, advising them on how to prepare for changes to customs, excise, and VAT in the event of a no-deal Brexit. Full Article
tax Tax-News.com: Ireland Sets Out Plans For Transfer Pricing Regime Changes By www.tax-news.com Published On :: Thu, 5 Sep 2019 00:00:00 GMT Ireland has released a responses document on an ongoing consultation on an update to the country's transfer pricing rules. Full Article
tax Tax-News.com: Apple's Irish Tax Ruling Appeal Gets Underway By www.tax-news.com Published On :: Fri, 20 Sep 2019 00:00:00 GMT 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. Full Article
tax Tax-News.com: Irish Tax Investigations Typically Last Almost A Year By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT 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. Full Article
tax Tax-News.com: Ireland Explains Tax Rules For Payments To Non-Resident Landlords By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT The Irish Revenue has updated its Tax and Duty Manual on the taxation of non-resident landlords to clarify a number of obligations. Full Article
tax Tax-News.com: Ireland Issues Guide On Dual-Resident Companies By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT The Irish Revenue has published guidance on dual-resident companies that explains new rules introduced under the BEPS multilateral convention on tax treaties. Full Article
tax Tax-News.com: Costa Rica Clarifies Amendments To Non-Cooperative Tax List By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT Costa Rica's Ministry of Finance has released a statement clarifying its decision to exclude a number of territories with low effective income tax rates from its list of non-cooperative territories. Full Article
tax Tax-News.com: Tax Agencies Meet To Discuss Use Of Big Data Analysis By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT 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. Full Article
tax Tax-News.com: Ireland Studies Potential Drop In Record High CIT Receipts By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT A reversal of recent surges in corporate tax receipts could hit tax revenues and affect the Ireland's longer-term economic position, according to analysis released by the Irish Finance Department. Full Article
tax Tax-News.com: Ireland Publishes 2019 Finance Bill By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT The Irish Government has published its 2019 Finance Bill, which introduces changes to a number of SME-targeted tax incentives and implements a range of measures announced in this month's Budget. Full Article
tax Tax-News.com: EU States Shut Down Plans For Public CbC Reporting By www.tax-news.com Published On :: Mon, 2 Dec 2019 00:00:00 GMT EU member states have been unable to reach an agreement on proposals to release to the public information on multinational enterprises' tax affairs. Full Article
tax Tax-News.com: Irish Taxpayers Must Renew 2014 Tax Rulings By www.tax-news.com Published On :: Fri, 6 Dec 2019 00:00:00 GMT Companies with a tax ruling dating from 2014 from the Irish Revenue have been encouraged to renew these before they expire. Full Article
tax Tax-News.com: Ireland Amends Guidance On MAP Assistance By www.tax-news.com Published On :: Tue, 31 Dec 2019 00:00:00 GMT The Irish Revenue has updated its guidelines on requesting Mutual Agreement Procedure assistance in Ireland. Full Article
tax Tax-News.com: Ireland Schedules Election For February 8 By www.tax-news.com Published On :: Mon, 27 Jan 2020 00:00:00 GMT 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. Full Article
tax Tax-News.com: Irish Gov't Pledges Individual Tax Cuts, No Digital Tax By www.tax-news.com Published On :: Thu, 6 Feb 2020 00:00:00 GMT Ireland's governing party Fine Gael has published its election manifesto, which includes proposals to reduce the income tax burden and reform the taxation of SMEs. Full Article
tax Tax-News.com: Ireland Updates Guidance On EU Exit Tax On IP Flight By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT The Irish Revenue has updated its guidance on Irish exit tax legislation to reflect changes introduced by Finance Act 2019. Full Article
tax Tax-News.com: Namibia To Repeal 'Harmful' Tax Incentives By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT Namibia's Minister of Finance, Calle Schlettwein, has tabled a legislative amendment in parliament that will repeal certain tax incentives attached to Export Processing Zones as well as those aimed at the manufacturing sector. Full Article
tax Tax-News.com: Ireland Announces Help For SMEs With Cash-Flow Issues By www.tax-news.com Published On :: Tue, 17 Mar 2020 00:00:00 GMT The Irish Revenue has issued advice on the steps it is taking to help SMEs experiencing cashflow and trading difficulties arising from the impact of the coronavirus. Full Article