Category: Tax Authority

HMRC, the British government’s tax authority, has reported a 10% rise YoY in evasion probes – and says the increase is due to a surge in whistleblowers. Today’s figures, released by UHY Hacker Young, reveal 73,000 reports arising from whistleblowing, representing a 10% rise on the numbers for 2018-19.UHY Hacker… – Continue reading

Cyprus / Income Tax / Residency / Tax Authority

Cyprus: 60-day Rule – Cyprus Tax Residency

Published by: Mondaq - August 27, 2020

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Business / High Networth Individuals / HM Revenue & Customs / Tax Evasion / Tax evasion investigations / United Kingdom

HMRC investigates 250 HNW individuals for tax evasion

Published by: City Wire - August 26, 2020

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Business / Digital Services / Facebook / Tax Authority / VAT / Zimbabwe

Facebook to charge Zimbabwe advertisers VAT

Published by: MNE Tax - August 25, 2020

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Amazon / Digital Services / Facebook / France / Google / Tax Authority

Facebook to pay $125 million in back taxes to France

Published by: New Haven Register - August 24, 2020

Earlier, France had decided to take the bull named digital tax by its horns, and now it is reaping the benefits. ... - Continue reading

Covid-19 / OECD / Residency / Spain / Tax Authority / Tax Laws

Spain extends tax residency rules to lockdown-enforced stays

Published by: International Investment - August 21, 2020

Bad news for travellers stuck in Spain due to the COVID-19 lockdown! ... - Continue reading

Banking / Framework / Switzerland / Tax Authority

Switzerland: Banking Regulation Comparative Guide

Published by: Mondaq - August 19, 2020

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HMRC / Individuals / Law Firm / Offshore / Revenue / Tax Evasion

HMRC ‘plea bargain’ tax evader deals collect extra £120m

Published by: Accountancy Daily - August 17, 2020

Plea bargain deals give taxpayers immunity from criminal investigations as HMRC steps up investigations to help pay for coronavirus economic assistance ... - Continue reading

Ecuador / Tax Authority / Tax Laws / Transfer pricing

Ecuador’s recent transfer pricing changes

Published by: MNE Tax - August 17, 2020

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Covid-19 / Pakistan / Revenue / Tax Authority / Tax cheats

Taxation, growth negatively correlated: survey

Published by: The News International - August 16, 2020

The Pakistan Institute of Development Economics (PIDE) survey recently stated that Pakistan should review and amend its taxation policy in order to accelerate its economy. ... - Continue reading

Non Compliant / Pakistan / Tax Authority / Tax Evasion / Tax evasion investigations

FBR unearths huge sales tax evasion

Published by: The News International - August 15, 2020

The Federal Board of Revenue (FBR) issues orders to all branches to be more proactive regarding the treatment of tax evasion. ... - Continue reading

HM Revenue & Customs / Tax Avoidance / Tax Evasion / Tax evasion investigations

HMRC hit 20,000 taxpayers with toughest penalties over ‘deliberate’ errors

Published by: Accountancy Daily - August 12, 2020

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Ecuador / Tax Authority / Tax Laws / Transfer pricing

Ecuador publishes new transfer pricing guidance

Published by: MNE Tax - August 10, 2020

On the 1st of July 2020, Ecuador's tax authority communicated its new transfer pricing laws. ... - Continue reading

Israel / Jurisdiction / Tax Authority / Tax Dispute / Transfer pricing

Israel considers requiring taxpayers to pay disputed tax or transfer pricing assessments pending appeal

Published by: MNE Tax - August 10, 2020

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Real Estate / South Korea / Tax Authority / Tax Evasion

Foreign homeowners face probe into suspected tax evasion

Published by: The Korea Times - August 3, 2020

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Business / Common Reporting Standard / EU / Individuals / Multinationals / Tax Authority / Tax Evasion

HMRC targets wealthy in push on tax evasion

Published by: Yahoo Finance - July 30, 2020

Wealthy people are increasingly facing investigation for suspected tax evasion, in a sign that HM Revenue & Customs is “keeping its promise” to intensify its crackdown on those hiding assets following the Panama Papers leak. ... - Continue reading

Philippines / Tax Authority / Tax Evasion

BIR files P381 million tax evasion charges vs 12 firms

Published by: Manila Bulletin - July 28, 2020

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HM Revenue & Customs / Tax Avoidance / United Kingdom

UK’s HMRC targets tax avoiders in consultation

Published by: Accounting Today - July 23, 2020

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Double Tax Avoidance Treaty / Double Taxation / India / Mauritius / Tax Authority / Tax Avoidance

India: Pitfall Of Double Tax Avoidance Agreement Between India And Mauritus Due To AAR

Published by: Mondaq - July 22, 2020

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Digital Services / India / Residence / Tax Authority

India widens its digital tax net by enabling tax payments

Published by: MNE Tax - July 16, 2020

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Anti money laundering / Banking / Banking Secrecy / Philippines / Tax Authority / Tax Reform

Amending the Bank Secrecy Act as a key to financial integrity

Published by: The Manila Times - July 16, 2020

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Apple / Court cases / EU / Tax Authority / Trust

Apple Wins €13 Billion Tax Avoidance Case Against EU Antitrust Regulator

Published by: Forbes - July 15, 2020

A big win for Apple in a tax avoidance court case. ... - Continue reading

Australian Taxation Office / Canada Revenue Agency / HM Revenue & Customs / Internal Revenue Service (IRS) / Tax Evasion / Tax Laws

Int’l task force sees success in cracking down on tax crimes

Published by: Accounting Today - July 13, 2020

The tax crime-fighting group including the Australian Taxation Office (ATO, the Canadian Revenue Agency (CRA), the Dutch Fiscal Information and Investigation Service (FIOD), Her Majesty’s Revenue and Customs (HMRC) from the U.K. and the Internal Revenue Service Criminal Investigation Division (IRS-CI) from the U.S sees a silver lining regarding its purpose. ... - Continue reading

Cyprus / Income Tax / Tax Authority / Tax Laws

Cyprus: Announcement – Cyprus Investment Programme

Published by: Mondaq - July 6, 2020

New declaration for companies operating in Cyprus. ... - Continue reading

Automatic Exchange of Information / OECD / Offshore Accounts / Revenue / Tax Authority / Tax Collection

Tax authorities accessed 84 million offshore accounts in 2019: OECD

Published by: Business Standard - July 2, 2020

OECD confirms the efficiency of the Automatic Exchange of Information after its implementation in 100 countries. ... - Continue reading

Africa / Anti money laundering / Base Erosion & Profit Shifting / Corruption / Offshore / Tax Authority / Tax Evasion / Tax Laws / Tax Reform / Tax Transparency

African Countries Making Headway In Tackling Tax Evasion

Published by: EABW News - June 27, 2020

According to Tax Transparency in Africa 2020 report, Africa needs to better combat illicit financial flows and be more lucid in tax matters. ... - Continue reading

Business / Digital Services / Philippines / Tax Authority

Move to tax online sellers ‘unnecessary, insensitive’

Published by: ManilaStandard.net - June 14, 2020

Senator Sherwin Gatchalian expressed his disagreement concerning the treatment of online taxes. ... - Continue reading

Court cases / Indonesia / Mauritius / Special Purpose Vehicles / Tax Authority / Tax Relief / Tax treaties

Spotlight on Mauritius tax treaty in Tiger Global ruling

Published by: Outlook - June 10, 2020

Tiger Global in a difficult court case as it finds itself deprived of tax relief by the Authority of Advance Ruling (AAR). ... - Continue reading

Automatic Exchange of Information / Common Reporting Standard / Nigeria / Tax Authority

Nigeria: FIRS Extends Deadline For Filing Information Returns Under The AEOI-CRS

Published by: Mondaq - June 4, 2020

The Tax Authority o Nigeria has extended the deadline for CRS and AEOI 2019 reporting. ... - Continue reading

Court cases / HM Revenue & Customs / Residence / Revenue / South Africa / Tax treaties

HMRC wins tax treaty case against S. African diver

Published by: International Investment - June 1, 2020

And a win for the UK tax authority - the HMRC. ... - Continue reading

Income Tax / Pakistan / Tax Authority / Tax Laws / Withholding Tax

FBR mulls online feature to show WHT deduction

Published by: The News International - May 30, 2020

The tax authority of Pakistan to introduce an online option as tax reform. ... - Continue reading

Germany / Legislation / Tax Authority / Transfer pricing

German finance ministry clarifies transfer pricing proposal

Published by: MNE Tax - May 11, 2020

"No price-setting approach", confirms the German Finance Ministry. ... - Continue reading

IMF / Income Tax / Multinational Enterprises ("MNEs") / Pakistan / Tax Authority / Tax Collection / VAT

FBR mulling over options to fetch additional Rs600bn

Published by: The News International - May 10, 2020

There's no denying that the whole world is having to prepare for a tough economic situation right now following the wave of the COVID-19. Here are some of Pakistan's forethoughts to remedy its economy. ... - Continue reading

Gaming / Offshore / Philippines / Tax Authority / Withholding Tax

POGOs must settle all tax liabilities — Dominguez

Published by: The Manila Times - May 8, 2020

Philippine offshore gaming operators (POGO) to pay all tax liabilities before being allowed to operate again, says Finance secretary Carlos Dominguez. ... - Continue reading

Covid-19 / HM Revenue & Customs / Ireland / Legislation / OECD / Permanent establishment / Residence / Residency / Tax Laws / Tax Relief / United Kingdom

Ireland: The Impact Of COVID-19 On Tax Residence And Permanent Establishments

Published by: Mondaq - May 4, 2020

On 23 March 2020, the Irish Revenue released its programme meant to relieve tensions around tax residence and permanent establishments. The reason? - you guessed it right - COVID-19. Here's more. ... - Continue reading

Legislation / Poland / Tax Authority / Transfer pricing