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Stories that are tagged 'accounting'

Laos Must Broaden Tax Base, Strengthen Administration: IMF

by Mary Swire,, Hong Kong

Thursday, February 23, 2017

Laos should increase its revenues by broadening the tax base, reducing exemptions, and strengthening tax administration, the International Monetary Fund said in its Article IV Report for the country. Read Full Story


New Zealand Clarifies Tax Rules For Professional Services

by Mary Swire,, Hong Kong

Wednesday, February 22, 2017

New Zealand's Inland Revenue Department has issued guidance on when income from professional services is derived for tax accounting purposes. Read Full Story


UK SMEs Not Ready For Digital, Quarterly Reporting: Survey

by Jason Gorringe,, London

Tuesday, February 21, 2017

Small- and medium-size enterprises will need to make significant changes to comply with HM Revenue and Customs's (HMRC's) Making Tax Digital project, says a new survey. Read Full Story


UK VAT Flat Rate Scheme Changes Too Far-reaching, Warn Tax Experts

by Jason Gorringe,, London

Friday, February 17, 2017

HM Revenue and Customs's new measure to crackdown on abuse of a VAT simplification scheme for small businesses may be ineffective and have unwelcome consequences for tax-compliant businesses, the Chartered Institute of Taxation has said. Read Full Story


Tax Professionals Call For Clarity On Scottish Air Tax Plans

by Jason Gorringe,, London

Wednesday, February 15, 2017

More detail should be released about Scotland's proposals for a tax to replace the UK's Air Passenger Duty, say Scottish tax professionals. Read Full Story


UK To Increase Income Tax Cash Basis Threshold

by Jason Gorringe,, London

Wednesday, February 1, 2017

The UK tax agency has released guidance and legislation to raise the threshold for self-employed persons and partnerships to account for income and expenses on a cash basis. Read Full Story


The Philippines Pursuing Tax Reform

by Mary Swire,, Hong Kong

Monday, January 23, 2017

The Philippines is undertaking sweeping reforms at the Bureau of Internal Revenue and the Bureau of Customs to improve taxpayer satisfaction and restore public trust, according to Finance Secretary Carlos Dominguez III. Read Full Story


UK Commits To Improving Tax Industry, Taxpayer Engagement

by Jason Gorringe,, London

Friday, January 20, 2017

Financial Secretary to the Treasury Jane Ellison has said she aims to increase transparency surrounding HM Revenue and Customs's performance, saying its customer service "hasn't always been good enough." Read Full Story


New Zealand-S Korea FTA Enters Second Phase

by Mary Swire,, Hong Kong

Friday, January 13, 2017

Cross-border tariffs between New Zealand and Korea were scaled back further on January 1, 2017, with the second installment of tax cuts under their free trade agreement. Read Full Story


Zimbabwe Announces Tax Breaks In Latest Budget

by Lorys Charalambous,, Cyprus

Thursday, January 12, 2017

Zimbabwe's recent Budget included tax relief measures and initiatives to tackle low compliance rates. Read Full Story




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