Lebanon’s Justice Minister Marie-Claude Najm said on Thursday that the Lebanese cabinet has approved a draft law to lift banking secrecy, MTV local TV channel reported. Also, Lebanon’s financial prosecutor Ali Ibrahim froze the assets and properties of 20 Lebanese banks. Lebanon has lately witnessed a shortage in U.S. currency… – Continue reading
Here are some important tax proposals for India's 2020 Budget. ... - Continue reading
POGO continues to be involved in hefty money laundering, and it certainly is making senators of Philippines worried about it. ... - Continue reading
Thousands of Australian expats have until 30 June to sell their family homes or face being slapped with a hefty tax after the government reversed its position for exemptions. ... - Continue reading
On January 1, 2020, the double taxation avoidance (DTA) agreement between Cambodia and Hong Kong came into force. ... - Continue reading
The digital world continues to be under the lens of the OECD as India further pushes for better 'tax collection' methodology. ... - Continue reading
The Common Reporting Standard (CRS) continues to unveil more offshore revenue. ... - Continue reading
Singapore strives to stay ahead in tax competition. ... - Continue reading
Clarifications on the India-Mauritius tax treaty. ... - Continue reading
Justice Qazi Faez Isa pleads non-guilty in tax evasion attempt. ... - Continue reading
The Automatic Exchange of Information recovers a whopping amount of Rs1.8 billion for Pakistan. ... - Continue reading
According to the senator Sherwin Gatchalian, the government has lost around P51-billion in revenues due to tax avoidance from Philippine Offshore Gaming Operators (POGOs) ... - Continue reading
Turkey stays on the European Union's blacklist since 2017. ... - Continue reading
Clarifications on India Union Budget 2020. ... - Continue reading
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing and ratification of the protocol amending the Agreement between India and Sri Lanka for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, according to a Press… – Continue reading
The Philippines was recognized as one of the best places where US expatriates (expats) could retire in 2020, according to a recent newsletter from Forbes. It was among 25 countries chosen by the American business magazine. The Philippines was described to be an “English-speaking Pacific Ocean nation of 7,400 islands”… – Continue reading
The Republic of Uzbekistan presents changes to its taxation laws. ... - Continue reading
The Vietnam Ministry of Finance has issued the draft pronouncement amending certain tax rulings. Some of the main aspects of the draft include: ... - Continue reading
Movement of expatriates cross borders potentially creates several tax and regulatory issues. ... - Continue reading
Pakistan's officials state 30 percent increase in tax collection on dividend income. ... - Continue reading
The Automatic Exchange of Information still going on strong it seems. ... - Continue reading
Heineken Vietnam Brewery has paid VND917.2 billion ($39.7 million) in back taxes and fines for a 2018 transaction. ... - Continue reading
More measures against tax evasion. ... - Continue reading
A possible double tax treaty is to be expected between the Philippines and Cambodia. ... - Continue reading
The government of Malaysia is putting into effect several measures in an attempt to prevent double taxation arising from digital tax. ... - Continue reading
New tax treaties into force ... - Continue reading
MANILA, Philippines – Investment bank Credit Suisse said an effective tax amnesty program would face hurdles in the Philippines due to the country’s strict banking secrecy law. In its Asian daily report titled “Philippines: Credible threat still lacking,” Credit Suisse economist Michael Wan said the planned program announced by Finance… – Continue reading
Changes to tax laws - Here are the key highlights. ... - Continue reading
Search engine giant’s settlement brings to A$1.25bn the amount collected from ecommerce players ... - Continue reading
Singapore and Tunisia join forces in favour of tax reform. ... - Continue reading
Kazakhstan will accede to the Convention on Mutual Administrative Assistance in Tax Matters. ... - Continue reading
Pakistan's request for taxpayers' information turned down by Switzerland. ... - Continue reading
Interest in POGOs raised again. ... - Continue reading
What you need to know if you conduct business in Singapore. ... - Continue reading
The National Board of Revenue (NBR) to scrutinise some 921 foreign companies operating in Bangladesh. ... - Continue reading
The Common Reporting Standard (CRS) allows the tax authority of Japan to detect 1.89 hidden bank accounts overseas. ... - Continue reading
Foreign Minister Shah Mehmood Qureshi positive about tax treaty between Pakistan and Switzerland. ... - Continue reading
‘The new tax treaty between Australia and Israel will ensure the economic, trade and commercial relationship between our two countries is strengthened’. A “HISTORIC” new tax treaty between Australia and Israel has been hailed as “representing an important milestone in removing tax barriers and facilitating trade and investment” between the… – Continue reading
Bangladesh and the Czech Republic have signed a double taxation avoidance agreement (DTAA) in a bid to strengthen bilateral trade and investment ties between the two countries. National Board of Revenue (NBR) chairman Md Mosharraf Hossain Bhuiyan and Czech deputy prime minister and finance minister Alena Schillerova inked the agreement… – Continue reading
How to transfer business from the British Virgin Islands cheap? ... - Continue reading
The Swiss parliament has approved the automatic exchange of bank data with 18 additional countries from 2021. However, Turkey failed to make the cut. ... - Continue reading
Pakistan gives warning over transparency to UAE ... - Continue reading
The Internal Revenue Service has a message for tax criminals: "We will not stop in our pursuit." ... - Continue reading
The Philippines generally follows the “source of income” rule in identifying the income that are taxable to corporations in the Philippines. ... - Continue reading
Seoul's finance ministry announces double tax treaty between South Korea and Cambodia. ... - Continue reading
India's position with respect to Permanent Establishment ... - Continue reading
EU removes UAE, Switzerland from tax haven lists Share this storyEU removes UAE, Switzerland from tax haven lists LUXEMBOURG — European Union finance ministers agreed to remove the United Arab Emirates (UAE) and Switzerland from the bloc’s lists of countries deemed to be acting as tax havens, according to a… – Continue reading
The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi. ... - Continue reading
For Macau residents, double taxation will be avoided by way of exemption of the income taxed in Hong Kong from the Macau tax, or by crediting the Hong Kong tax paid against the Macau tax payable in respect of the same income. ... - Continue reading
The portal is a repository of policy and technical circulars and guidance issued by the Central Board of Direct Taxes. In an attempt to reach out to financial institutions and account holders, the Central Board of Direct Taxes has created an exchange of information portal on the income tax department… – Continue reading
