Costa Rica will introduce a new value-added tax regime, in place of sales tax, starting July 1, 2019.

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.

Switzerland and the Netherlands have signed a protocol to their double tax agreement that will bring it into line with international standards.

During a webcast on June 11, the OECD provided a technical update on its work to develop new, modernized international tax rules for the digitalized economy.

Brazil's General Coordination of Taxation (COSIT) has announced the release of the 2019 edition of the comprehensive FAQs for legal entities, updated with changes made to Brazil's corporate tax, social security, and international tax provisions in 2018.

The European Commission has announced that listed companies that prepare consolidated financial statements using IFRS Standards will be required to tag their primary financial statements using the IFRS Taxonomy for financial years starting on or after January 1, 2020.

On June 10, 2019, the United States House of Representatives approved legislation which would reform the rules governing the Internal Revenue Service.

Brazil and Uruguay have included provisions to tackle base erosion and profit shifting in a new double tax agreement, signed on June 7, 2019.

New Zealand's Finance and Expenditure Committee has recommended changes to legislation that would introduce a new requirement for offshore suppliers to collect GST on low-value goods supplied to New Zealand-based consumers.

The Irish Finance Department has launched a consultation on potential changes to the capital gains tax revised entrepreneur relief.

The US Internal Revenue Service has directed its transfer pricing examiners to resume reviewing taxpayers' transfer pricing positions with respect to cost-sharing agreements in certain circumstances.

The European Commission is taking Spain to the Court of Justice over the imposition of "disproportionate" sanctions for failure to report assets held abroad.

Switzerland and Iran have signed a protocol to their double tax agreement that will bring it into line with international standards.

The Swiss Federal Council has adopted a dispatch on the introduction of the automatic exchange of financial account information with a further 19 partner states.

Luxembourg's Government Council, comprising government ministers, has approved legislative changes to the territory's VAT regime to introduce the four quick fixes to improve the functioning of VAT rules in the European Union.