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International Tax »

Thailand Extends Seven Percent VAT

The Thai Government has decided to extend a reduction in the standard rate of value-added tax for two more years in the hope that it will help to stimulate the economy. Continue Reading »

International Law »

Obama Signs Temporary US Internet Tax Moratorium

On September 30, President Barack Obama signed into law the "Continuing Appropriations Act, 2016" that, while providing funding for the US Federal Government until December 11, 2015, also extends the Internet Tax Freedom Act until the same date. Continue Reading »

Politics & Economics »

Indian Firms Discuss Tax Reform Direction

India should aim for a 20 percent corporate tax rate, strengthen dispute resolution mechanisms, and issue more guidance on the proposed goods and services tax, the Confederation of Indian Industry has said. Continue Reading »

Offshore »

Deadline Looms For HMRC's Contractors Amnesty

Accountancy firm Moore Stephens has reminded UK contractors who used "contractor loan" tax planning schemes that they have until September 30 to finalize settlements with HM Revenue and Customs or risk significantly larger bills. Continue Reading »

Business »

FRC Consults On Changes To UK Audit Rules

The UK's Financial Reporting Council has published a consultation on proposed revisions to Ethical and Auditing Standards, the UK Corporate Governance Code, and the Guidance on Audit Committees. Continue Reading »

E-Commerce »

EU Launches Debate On Digital VAT Reform

The European Commission has launched a public consultation to identify ways to simplify VAT payments on cross-border e-commerce transactions in the EU. Continue Reading »

Aviation »

Australian Report Confirms Post-Carbon Tax Savings

Australian households are saving an average of AUD550 (USD403) a year following the repeal of the carbon tax, the Australian Competition and Consumer Commission has confirmed. Continue Reading »

Marine »

New Customs System To Tackle EU Fraud

A new regulation adopted by the European Parliament and the Council will allow customs authorities to access information to track the origins and routes of cargo containers arriving in the EU to support the fight against customs fraud both at EU and national level. Continue Reading »

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