international news

2019-09-04
Tax-News.com: Indian Banks To Begin Withholding Tax On Large Cash Withdrawals
Tax-News.com
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.
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2019-09-04
Tax-News.com: Singapore Reports On Tax, Compliance Work
Tax-News.com
The Inland Revenue Authority of Singapore (IRAS) has reported that revenues increased by 4.4 percent in the 2018-2019 fiscal year, in its annual report for the year.
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2019-08-29
Tax-News.com: Filipino Financial Services Tax Reforms Clear First Hurdle
Tax-News.com
The Philippines' House Committee On Ways and Means has approved a Bill that would overhaul the rates in place on financial services and passive income.
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2019-08-29
Tax-News.com: NZ Court Rules Turbines Are Buildings For Tax Purposes
Tax-News.com
New Zealand's tax agency has drawn attention to a recent tax ruling in Mercury NZ Ltd v. Inland Revenue ([2019] NZHC 1524), noting it is only the second time New Zealand courts have analyzed the modern depreciation regime, introduced in 1993.
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2019-08-29
Tax-News.com: Hong Kong Creates Website To Explain TP Documentation
Tax-News.com
Hong Kong's Inland Revenue Department has created a webpage to explain the requirements for master and local file reporting under the country-by-country reporting regime.
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2019-08-29
Tax-News.com: Czech Republic Sets Out Electronic Tax Administration Plans
Tax-News.com
The Czech Ministry of Finance on August 26 announced that it intends to digitalize many tax procedures.
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2019-08-29
Tax-News.com: India Again Extends Deadline For 2017-18 Annual GST Return
Tax-News.com
India has again extended the due date for furnishing the annual GST return and reconciliation statement for the 2017-18 fiscal year.
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2019-08-29
Tax-News.com: Poland To Track Heating Fuel Sales To Tackle Tax Evasion
Tax-News.com
To tackle tax evasion, Poland has announced new registration obligations for those who sell fuels for heating, or those that use such fuels for heating a home or business.
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2019-08-29
Tax-News.com: India Seeking To Bury Legacy Indirect Tax Disputes This Year
Tax-News.com
India will launch its legacy dispute scheme starting September 1, 2019.
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2019-08-29
Tax-News.com: NZ Opposition Eyeing Corporate Tax Cut Election Pledge
Tax-News.com
New Zealand's opposition National Party has released its plans for tax reform, announcing it would review whether to lower the corporate tax rate.
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2019-08-29
Tax-News.com: UK Lists Instructions For Traders On Brexit
Tax-News.com
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.
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2019-08-29
Tax-News.com: US And France Nearing Digital Tax Compromise
Tax-News.com
The Governments of France and the United States are reportedly close to settling a dispute surrounding France's digital services tax.
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2019-08-29
Tax-News.com: Indonesia Announces Tax Breaks In 2020 Budget
Tax-News.com
Indonesia's 2020 Budget, which was tabled before parliament in the middle of August, has been endorsed by opposition political parties in the House of Representatives. It includes an array of new tax incentives.
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2019-08-29
Tax-News.com: IRS To Provide GILTI Penalty Relief To Pass-Through Entities
Tax-News.com
On August 22, 2019, a notice was published which announces the intention of the United States Treasury Department and the Internal Revenue Service to issue new regulations providing relief to domestic partnerships and S corporations attempting to comply with final global intangible low-taxed income regulations with respect to shareholdings in controlled foreign corporations.
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2019-08-29
Tax-News.com: Singapore Updates Guidance On 2020 GST Reverse Charge Change
Tax-News.com
The Inland Revenue Authority of Singapore has updated its guidance on the introduction from January 1, 2020, of an obligation on Singaporean taxpayers to collect GST on imported services under a reverse charge.
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