Category: Tax Reform
Vietnam’s Tax Administration Law Takes Effect in July 2020
As from the 1st July 2020, Vietnam's tax reform measures will be implemented. ... - Continue reading
African Countries Making Headway In Tackling Tax Evasion
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
EU Parliament creates permanent tax subcommittee
Tax justice taken a notch higher by the European Union. ... - Continue reading
Higher tax bill for Cyprus businesses after new law
Cyprus is aiming to better tackle tax avoidance by companies through a new legislation. The latter mainly addresses base erosion and profit shifting. ... - Continue reading
Australia tightens rules on foreign investment
Australia becomes more stringent regarding foreign investments. ... - Continue reading
Another COVID-19 Enforcement Tool: Money Laundering Law
This article discusses about the role of anti money laundering during the 2020 pandemic. ... - Continue reading
German cabinet passes stimulus tax measures
After the 2020 crisis, Germany has taken a few steps to fuel its economy. ... - Continue reading
Germany proposes substantial VAT rate reduction, tax loss carryback expansion
Proposals of expansion of tax loss carrybacks in 2020 from EUR 1 million to EUR 5 million. ... - Continue reading
Belgium to introduce tax loss carryback, recovery reserve in response to pandemic
Belgium comes up with more measures to counteract COVID-19 pandemic. ... - Continue reading
India: Transfer Pricing And COVID-19 — Repercussions, Re-Evaluation And Way Forward
Here is a discussion on multinational enterprises (MNEs) and their possible treatment of the aftermath of the COVID-19 pandemic. ... - Continue reading
Double-tax draft law with Malaysia and South Korea shows progress
This article discusses the benefits of Cambodia's double taxation agreements with Malaysia and South Korea. ... - Continue reading
PSX urges govt to eliminate or reduce CGT for two years
The Pakistan Stock Exchange (PSX) has a few proposals to the government in an effort towards reform. ... - Continue reading
Colombia Becomes 37th Member Of OECD
Colombia is now officially a member of the OECD. ... - Continue reading
Cyprus: Ratification Of Multilateral Instrument
The BEPS MLI has been ratified in Cyprus as from 2020. Here's more to it. ... - Continue reading
Tax Policy After Coronavirus: Clearing a Path to Economic Recovery
COVID-19 has forced the whole economic world to halt and alter its processes in order to be able to keep functioning as much as is possible. Here are some further proposed adjustments in the wake of the COVID-19. ... - Continue reading
COVID-19 and the future of Pillar one
2020 started with a focus on reformed tax laws concerning transfer pricing and the implementation of Pillar one from the OECD. This article delves further into the matter to bring more clarifications. ... - Continue reading
G20 finance ministers agree to continue work on taxation of digital economy
Over a virtual meeting due to the lockdown, G20 finance ministers have decided to keep on with their digital tax reform plan despite the COVID-19 pandemic.
OECD lists tax policy measures enacted by 90 countries in response to COVID-19 pandemic
The COVID-19 pandemic has caused countries to review and adjust their tax laws in order to better cope with the changes. Many of those measures can be found in the spreadsheet that the OECD has published. ... - Continue reading
Indonesia: Indonesia And Singapore Sign Updated Double Taxation Avoidance Agreement
Indonesia and Singapore sign newest double tax avoidance treaty. ... - Continue reading
Seychelles to reform tax rates after OECD report
Seychelles set to implement new tax laws in order to improve its tax system after recommendations from the OECD. ... - Continue reading
Cayman Islands: Cayman Islands Update: AEOI 2020 Amendments
Here are changes in tax laws concerning the Automatic Exchange of Information. ... - Continue reading
Pakistan tax collection 62pc below its potential: IMF
Resident Chief of IMF, Teresa Daban Sanchez, has stated that Pakistan is not being efficient enough tax-wise. Here's more to it. ... - Continue reading
EU launches campaign to tackle tax evasion
The European Union ups its game by coming up with more initiative to fight off tax evasion. ... - Continue reading
AMLA, Bank Secrecy Law for overhaul
When forces join together to tackle Anti-Money Laundering and the Bank Secrecy. ... - Continue reading
Mexico: 2020 Mexican Tax Reform
A few changes have been made to the Mexican tax laws for 2020. Here are the highlights. ... - Continue reading
Ireland faces losing €2bn in corporate tax under OECD reform
New proposals to reform the global tax system could adversely affect the economy of Ireland. Here's more. ... - Continue reading
OECD says global tax reform could raise as much as $100bn
More efforts to be expected from OECD concerning tax matters. ... - Continue reading
Mark Zuckerberg Requires’New Framework’ to get Digital Tax at OECD Countries
Facebook founder and CEO Mark Zuckerberg on Friday endorsed moves from the OECD set of free-market markets to reform how online giants have been taxed globally, even if this means firms like his spending more to federal governments. “We also need tax reform and I am thankful the OECD is… – Continue reading
The train has left the station: OECD tax officials discuss state of play for pillar one and two
In a tax conference, OECD has discussed about the Unified Approach in order to tax digital giants more efficiently. ... - Continue reading
Checking Evasion: Taxpayers’ bank accounts to be under GST lens
More measures against tax evasion. ... - Continue reading
Belgium gets more aggressive on tax evaders
Belgium toughens up following proclamation of 'black money'. ... - Continue reading
DoF expects double-taxation deal with Cambodia soon
A possible double tax treaty is to be expected between the Philippines and Cambodia. ... - Continue reading
Tax amnesty plan faces hurdles – Credit Suisse
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
Singapore, Tunisia tax treaty enters into force
Singapore and Tunisia join forces in favour of tax reform. ... - Continue reading
Accord with Switzerland to share Pakistanis’ bank data will bring transparency: Qureshi
Foreign Minister Shah Mehmood Qureshi positive about tax treaty between Pakistan and Switzerland. ... - Continue reading
Switzerland grants 18 more countries access to bank details
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
Greece forces citizens to spend more online in tax evasion crackdown
Greeks will be forced to spend around a third of their income using electronic means if they want to avoid substantial fines designed to stamp out rampant tax evasion. ... - Continue reading
BEPS Changes To Nordic Double Tax Agreement To Take Effect
The double tax agreement between the Nordic countries will be updated with new anti-tax base erosion and profit shifting provisions with effect from January 1, 2020. ... - Continue reading
44% Rise in Requests from Foreign Prosecutors to UK for Help Investigating Tax Crimes
OECD has recently announced new proposals to help countries tax corporate incomes more effectively. ... - Continue reading
12 EU states reject move to expose companies’ tax avoidance
Proposal would have forced firms to reveal profits made and taxes paid in each EU country ... - Continue reading
Kenya signs landmark agreement to strengthen its tax treaties
The ongoing national efforts to strengthen the country’s bilateral tax treaties have received a boost with the signing of a multilateral convention to end tax avoidance in France. ... - Continue reading
EU removes UAE, Switzerland from tax haven lists
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
OECD Announces a Public Consultation for Global Minimum Tax Rules
OECD announces a request for comments on its Global Anti-Base Erosion (GloBE) proposal. ... - Continue reading
OECD releases 2500+ pages of public comments to its pillar one “unified approach” for taxing multinationals
The OECD on November 15 published more than 300 comment letters that respond to its request for feedback on the Secretariat’s proposal for a “unified approach” to pillar one. ... - Continue reading
Ukraine- President signs law on ratification of tax treaty with Cyprus
Double taxation agreement signed between Ukraine and Cyprus ... - Continue reading
Ukraine: The Parliament Of Ukraine Has Ratified Documents Amending Double Taxation Treaties
On 30 October 2019, the Parliament of Ukraine ratified Protocols amending double taxation treaties with the United Kingdom and Cyprus. ... - Continue reading
EU to remove Belize from tax haven blacklist this week
European Union finance ministers are set to remove the Central American country of Belize from the bloc's blacklist of tax havens in a meeting this week, an EU document said. ... - Continue reading
Japan to tighten rules on wealthy residents with overseas assets
The government is set to tighten rules on disclosure by Japan’s wealthier residents about their overseas assets in a bid to prevent tax avoidance, sources close to the matter said Sunday. ... - Continue reading
