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Stories that are tagged 'individuals'

IRS Stops ACA Individual Mandate Enforcement

by Mike Godfrey,, Washington

Monday, February 20, 2017

The US Internal Revenue Service has decided to continue to allow individual tax returns in the current filing season even if the taxpayer has not indicated their health insurance coverage status. Read Full Story


IRS Warns Of Tax Software Provider Impersonators

by Scott Hamilton,, Washington

Monday, February 20, 2017

The Security Summit – a collaboration between the US Internal Revenue Service, tax preparation and software firms, and state tax administrators – has warned tax professionals to be alert to a new phishing email scam where fraudsters impersonate software providers. Read Full Story


Seychelles Again Delays Individual Income Tax Changes

by Lorys Charalambous,, Cyprus

Friday, February 17, 2017

In his State of the Nation Address on February 14, Seychelles' President Danny Faure announced that the implementation of a progressive personal income tax regime will be delayed to January 1, 2018. Read Full Story


Spanish Penalties On Overseas Undeclared Assets Challenged

by Ulrika Lomas,, Brussels

Thursday, February 16, 2017

The European Commission has called on Spain to lower the penalties it applies to taxpayers who fail to report assets held abroad. Read Full Story


US Retailers Talk Tax Reform With Trump

by Glen Shapiro,, New York

Thursday, February 16, 2017

The Retail Industry Leaders Association and CEOs of several large US retail companies met President Donald Trump on February 15 to discuss US tax reform, and to express their opposition to the proposal for border adjustability. Read Full Story


Hong Kong To Receive SME Tax Cuts Under New Chief Executive

by Mary Swire,, Hong Kong

Tuesday, February 14, 2017

The two leading contenders in the 2017 Hong Kong Chief Executive election scheduled for March 26 have both proposed tax policies favoring the city's small- and medium-sized enterprises. Read Full Story


SARS Issues Revised Capital Gains Tax Guides

by Lorys Charalambous,, Cyprus

Monday, February 13, 2017

The South African Revenue Service has issued revised capital gains tax guides that provide a basic introduction to the tax for companies and individuals for the 2017 year of assessment, which covers the period from March 1, 2016, to February 28, 2017. Read Full Story


Australia Consults On Beneficial Ownership Reporting Options

by Mary Swire,, Hong Kong

Monday, February 13, 2017

The Australian Government has launched a consultation on how to improve transparency surrounding the beneficial ownership of companies. Read Full Story


New Record Of US Expats Giving Up Passports, Green Cards

by Mike Godfrey,, Washington

Friday, February 10, 2017

According to Treasury Department statistics published in the Federal Register, a record 5,411 US taxpayers gave up their passports or their green cards in 2016 – over 26 percent more than the previous record of 4,279 set in 2015. Read Full Story


Australia Passes 'Fairer Tax' Reforms

by Mary Swire,, Hong Kong

Friday, February 10, 2017

The Australian Government has hailed the passage of a package of tax reforms to improve income averaging arrangements for farmers and provide the Tax Commissioner with a new power. Read Full Story




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