Category: Tax Authority

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

New Poland transfer pricing risk assessment tool released in interactive format

Published by: MNE Tax - April 29, 2020

Poland launches a new transfer pricing risk assessment tool and it's an interactive version. ... - Continue reading

Finland / Multinationals / Tax Authority / Tax evasion investigations / Transfer pricing

Finland transfer pricing rules analyzed in landmark court rulings

Published by: MNE Tax - April 29, 2020

This article focuses on two tax cases revolving around transfer pricing and their respective treatments. ... - Continue reading

Covid-19 / Income Tax / Pakistan / Tax Authority / Withholding Tax

FBR receives 10,000 income tax returns in virus downturn

Published by: The News International - April 7, 2020

10,000 income tax returns received by the Federal Board of Bureau during the COVID-19. ... - Continue reading

Business / Covid-19 / Double Tax Treaty / Ireland / Residence / Tax Authority / Tax Laws

Ireland: COVID-19 Ireland Update: Tax Residence Considerations In Light Of COVID-19 Travel Restrictions

Published by: Mondaq - April 1, 2020

An examination of travel restrictions with regard to Irish tax residence of Irish companies and funds. ... - Continue reading

HMRC / Tax Avoidance / United Kingdom

HMRC to raise standard of conduct among tax advisers

Published by: International Investment - March 31, 2020

The HMRC is set to raise standards among tax advisers after an independent review slammed the "reprehensible" behaviour of some professionals. ... - Continue reading

Covid-19 / Guernsey / Jersey / Legislation / Residency / Tax Authority / Uncategorized

Guernsey: The Impact Of The Coronavirus (COVID-19) On Economic Substance And Tax Residency In Guernsey And Jersey

Published by: Mondaq - March 30, 2020

Adjustments in laws in Guernsey and Jersey following the COVID-19. ... - Continue reading

Business / Nigeria / OECD / Tax Authority / Transfer pricing

Nigeria’s Tax Appeal Tribunal decides Prime Plastichem transfer pricing case

Published by: MNE Tax - March 16, 2020

A first transfer pricing case in Nigeria offers a glimpse of the treatment of the latter. ... - Continue reading

Offshore Fund / Pakistan / Residence / Revenue / Tax Amnesty / Tax Authority

Pakistan recovers billions from untaxed offshore funds

Published by: International Investment - March 11, 2020

And hop! - Rs1.8bn from untaxed offshore funds into Pakistan's possession. ... - Continue reading

Compliant / HM Revenue & Customs / Tax Information Exchange Agreements / United Kingdom

HMRC cracks down on hidden foreign income

Published by: International Investment - March 9, 2020

HMRC has doubled down on its campaign against taxpayers with undeclared foreign income. ... - Continue reading

Pakistan / Tax Authority / Tax Collection / Withholding Tax

Tax collection on cash withdrawal dives 63 percent

Published by: The News International - March 8, 2020

This sharp decline was because of the exemption from the levy given to active taxpayers. ... - Continue reading

Common Reporting Standard / FATCA / Israel / Offshore Accounts / Tax Authority

Tax data sharing sparks arrests among Israelis with unreported foreign bank accounts

Published by: International Investment - February 26, 2020

The Common Reporting Standard (CRS) continues to unveil more offshore revenue. ... - Continue reading

Exemptions / India / Mauritius / Tax Authority / Tax Evasion / Tax treaties

India’s Authority for Advance Rulings denies tax exemption under India-Mauritius treaty

Published by: MNE Tax - February 24, 2020

Clarifications on the India-Mauritius tax treaty. ... - Continue reading

Automatic Exchange of Information / OECD / Pakistan / Revenue / Tax Authority

Tax authorities recover Rs1.8 billion from foreign transactions

Published by: The News International - February 23, 2020

The Automatic Exchange of Information recovers a whopping amount of Rs1.8 billion for Pakistan. ... - Continue reading

Gaming / Philippines / Tax Authority / Tax Avoidance / Tax Laws

Gov’t loses P51B in revenues from POGO – Gatchalian

Published by: Manila Bulletin - February 23, 2020

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

Canada / Dividends / Infrastructure / Investments / Lease / Legislation / Profit Shifting / Revenue / Royalties / Tax Authority / Tax treaties / Treating Shopping / Treaty Abuse

Canada: Treaty Shopping: MIL, MLI And ALTA Things In Between

Published by: Mondaq - February 19, 2020

On February 12, the Federal Court of Appeal (FCA) released its decision in The Queen v. Alta Energy Luxembourg S.a.r.l.1 (Alta Energy), a case that represents an attempt by the Canadian tax authority to relitigate the issue of whether Canada’s domestic general anti-avoidance rule (GAAR) can apply to curtail so-called “treaty shopping”.2 ... - Continue reading

Spain / Tax Arrangement / Tax Authority / Tax Avoidance / Transfer pricing

Spain to scrutinize taxpayers’ transfer pricing positions

Published by: MNE Tax - February 17, 2020

Spain focuses on transfer pricing. ... - Continue reading

Business / Double Taxation / FACT / IRS / Offshore / Revenue

IRS to consider repatriation as relief factor in double taxation cases

Published by: INTERNATIONAL INVESTMENT - February 10, 2020

The US Internal Revenue Service (IRS) has said it will consider certain circumstances in which it could provide relief from double taxation resulting from application of the repatriation tax, as amended by the Tax Cuts and Jobs Act (TCJA) 2018. ... - Continue reading

Legislation / Residence / Tax Authority / Tax Laws / Uzbekistan / VAT

Uzbekistan: Amendments And Additions To The Tax Code Of The Republic Of Uzbekistan

Published by: Mondaq - January 22, 2020

The Republic of Uzbekistan presents changes to its taxation laws. ... - Continue reading

Base Erosion & Profit Shifting / Corporate Tax / HM Revenue & Customs / Multinationals / OECD / Revenue / Tax Avoidance / Tax Transparency / United Kingdom

Tax transparency essential to tackle $600bn avoidance bill

Published by: New Haven Register - January 17, 2020

Businesses are being required to be more transparent for the sake of tax efficiency and reform. ... - Continue reading

HM Revenue & Customs / Offshore / Tax Laws / United Kingdom

UK tightens cross-border tax disclosure rules

Published by: International Investment - January 17, 2020

Offshore tax laws just got tougher. ... - Continue reading

Dividends / Pakistan / Tax Authority / Tax Collection / Withholding Tax

Tax on dividend income grows 30pc

Published by: The News International - January 14, 2020

Pakistan's officials state 30 percent increase in tax collection on dividend income. ... - Continue reading

Automatic Exchange of Information / Russia / Tax Authority / Tax Haven / United Kingdom

British Tax Havens to Share Data With Russian Authorities

Published by: The Moscow Times - January 13, 2020

The Automatic Exchange of Information still going on strong it seems. ... - Continue reading

Central Board of Direct Taxes (CBDT) / Goods and Services Tax / India / Tax Authority / Tax Evasion / Tax evasion investigations / Tax Reform

Checking Evasion: Taxpayers’ bank accounts to be under GST lens

Published by: Financial Express - January 8, 2020

More measures against tax evasion. ... - Continue reading

Belgium / Legislation / Tax Authority / Tax Evasion / Tax Reform

Belgium gets more aggressive on tax evaders

Published by: The Brussels Times - January 7, 2020

Belgium toughens up following proclamation of 'black money'. ... - Continue reading

Automatic Exchange of Information / Common Reporting Standard / Japan / Offshore Accounts / Offshore Banking / Tax Authority / Tax Avoidance / Tax Evasion

Details of 1.89 mil. overseas bank accounts received

Published by: The Japan News - December 15, 2019

The Common Reporting Standard (CRS) allows the tax authority of Japan to detect 1.89 hidden bank accounts overseas. ... - Continue reading

HMRC / Individuals / Revenue / Tax Avoidance / United Kingdom

HMRC raises £95m through taxpayer plea bargains

Published by: Accountancy Daily - December 12, 2019

HMRC seems reluctant with taxpayer plea bargains due to availability of a large volume of taxpayers' data. ... - Continue reading

Australia / Base Erosion & Profit Shifting / Framework / Israel / Tax Authority / Tax Avoidance / Tax treaties

Tax treaty ratified

Posted On: December 12, 2019

‘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

Compliant / Jurisdiction / Nigeria / Tax Authority / Tax Laws / Transfer pricing

Nigeria: 15 Insights On Transfer Pricing In Nigeria

Published by: Mondaq - December 12, 2019

Clarifications on the role of transfer pricing in Nigeria ... - Continue reading

Bangladesh / Czech Republic / Double Tax Treaty / Double Taxation / Investments / Tax Authority

Dhaka, Prague sign deal to avoid double taxation

Posted On: December 12, 2019

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

HMRC / Tax Avoidance / Tax Haven / United Kingdom

HMRC drops further £5m from Rangers tax claim

Published by: BBC News - December 10, 2019

HMRC's claim against the company which owned Rangers has fallen again, according to the latest report from liquidators BDO. ... - Continue reading

Double Tax Avoidance Treaty / Double Taxation / OECD / Pakistan / Tax Authority / Tax Evasion / UAE

FBR Warns UAE To Share Details Of Iqama Holders Or Avoidance Of Double-taxation Treaty Be Terminated

Published by: Urdu Point - December 10, 2019

Pakistan gives warning over transparency to UAE ... - Continue reading

Anti money laundering / Deutsche Bank / Germany / Tax Authority / Tax Evasion / Tax evasion investigations / USA

Deutsche Bank slapped with €15m fine in money laundering case

Published by: International Investment - December 10, 2019

German authorities raided Deutsche Bank's offices, including its Frankfurt base, in connection with the probe in 2018. ... - Continue reading

Bitcoin / Cryptocurrency / Internal Revenue Service (IRS) / Tax Authority / Tax Evasion / USA

A Run Through On Tax Evasion By Bitcoin Criminals

Published by: EconoTimes - December 9, 2019

A report released by the Internal Revenue Service (IRS) has put quite some focus on Bitcoin’s scope for committing tax evasion ... - Continue reading

Common Reporting Standard / Compliant / HM Revenue & Customs / Investments / OECD / Offshore Accounts / Tax evasion investigations / United Kingdom

HMRC lacks staff to investigate over 5.7 million offshore tip-offs

Published by: International Investment - December 2, 2019

HMRC under an overload of information. ... - Continue reading

Business / Corporate Tax / HM Revenue & Customs / Legislation / Tax competition / Tax Relief / United Kingdom

How tax relief can work for your business

Published by: The Scotsman - November 28, 2019

Over the years, the UK has continued to drive towards a more competitive Corporate Tax (CT) regime. ... - Continue reading

Expatriates / FATCA / Tax Authority / Tax Avoidance / Tax Dodging / USA

US FATCA crackdown pushing demand for tax advice

Published by: International Investment - November 27, 2019

As the US IRS cracks down on tax avoidance overseas with FATCA, the number of Treasury-licenced tax advisers with addresses outside of the US has jumped about 50% since 2016 according to figures from the agency. ... - Continue reading

HM Revenue & Customs / Law Firm / Tax Evasion / Tax evasion investigations / United Kingdom