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Stories that are tagged 'legislation'




Singapore's 2017 Budget Includes International Tax Changes

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, February 21, 2017

Singapore's Finance Minister, Heng Swee Keat, has presented the country's latest budget, which includes proposals for a new safe harbor rule and a preferential intellectual property tax regime. Read Full Story

 

Australia Legislates For Low Value Import GST Reforms

by Mary Swire, Tax-News.com, Hong Kong

Monday, February 20, 2017

The Australian Government has introduced legislation to extend the goods and services tax to low value imports from July 1, 2017. Read Full Story

 

Philippines Revenue To Penalize Banks For Late E-Payments

by Mary Swire, Tax-News.com, Hong Kong

Monday, February 20, 2017

Philippine Department of Finance Secretary Carlos Dominguez III has approved a new revenue regulation, which would make banks, and not taxpayers, liable for late- or non-payment of taxes for electronic payments. Read Full Story

 

IRS Stops ACA Individual Mandate Enforcement

by Mike Godfrey, Tax-News.com, 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

 

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

by Jason Gorringe, Tax-News.com, 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

 

Qatar To Introduce GCC Sin Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, February 17, 2017

Qatar is planning to introduce a sin tax on luxury items and products that are "harmful to human health and the environment," in line with the unified agreement among Gulf Cooperation Council member states. Read Full Story

 

IRS Begins To Release Delayed Tax Refunds

by Leroy Baker, Tax-News.com, Washington

Friday, February 17, 2017

The US Internal Revenue Service has confirmed that it has begun to release refunds for individual taxpayers who have claimed the earned income tax credit and additional child tax credit on their tax returns. Read Full Story

 

Australian Company Directors Seek Better Whistleblower Protections

by Mary Swire, Tax-News.com, Hong Kong

Thursday, February 16, 2017

The Australian Institute of Company Directors has called for significantly stronger and broader whistleblower protections. Read Full Story

 

IMF Recommends VAT Reform In Israel

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, February 15, 2017

Israel could improve revenue collections by scaling back tax breaks and in particular better targeting value-added tax concessions, says a new report from the International Monetary Fund. Read Full Story

 

New Zealand Passes Bill To Simplify Business Tax Compliance

by Mary Swire, Tax-News.com, Hong Kong

Wednesday, February 15, 2017

New Zealand's Parliament has passed a Bill that tightens foreign trust disclosure rules, simplifies tax processes, and reduces or eliminates use-of-money interest for most business taxpayers. Read Full Story

 

 

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