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New Zealand's Inland Revenue Department has issued guidance on when income from professional services is derived for tax accounting purposes. Read Full Story
British Columbia is to phase out the provincial sales tax on electricity and reduce the small business tax rate. Read Full Story
On February 17, Hong Kong and Pakistan signed a comprehensive double taxation agreement, which sets out the allocation of taxing rights between the two jurisdictions and will aid the assessment of tax liabilities arising out of cross-border economic activities. 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
The ruling Czech Social Democratic Party, led by Prime Minister Bohuslav Sobotka, will introduce a special tax on the country's banks if it wins elections scheduled for later this year. Read Full Story
Members of the European Parliament have approved the Comprehensive Economic and Trade Agreement with Canada, in a decision that could allow the deal to be applied provisionally from April. Read Full Story
The South African Revenue Service has confirmed that resident non-executive directors of companies should register for and charge value-added tax in respect of any fees earned for their services. 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
Australia desperately needs large scale tax reform and should aim to rebalance its tax mix, the Institute of Public Accountants has argued. Read Full Story
New Zealand's Inland Revenue said that more than 17,300 taxpayers have transferred to its new Inland Revenue goods and services tax (GST) system. Read Full Story
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