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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
The Australian Government has introduced legislation to extend the goods and services tax to low value imports from July 1, 2017. Read Full Story
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
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
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 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
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
The Australian Institute of Company Directors has called for significantly stronger and broader whistleblower protections. Read Full Story
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'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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