Taxation, growth negatively correlated: survey
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
Category: Regulatory
FBR unearths huge sales tax evasion
The Federal Board of Revenue (FBR) issues orders to all branches to be more proactive regarding the treatment of tax evasion. ... - Continue reading
Faceless assessment to start with I-T Dept restructuring
Place for the Faceless Assessment Scheme. More on it in this article. ... - Continue reading
Enforcement Notification – Summerside psychiatrist fined over $215,000 for personal and corporate tax evasion
A peak into the treatment of a tax evasion investigation conducted by the CRA. ... - Continue reading
Cyprus, Russia agree to amend double tax treaty: Cypriot minister
Cyprus and Russia decide to amend their double taxation agreement. ... - Continue reading
Ecuador publishes new transfer pricing guidance
On the 1st of July 2020, Ecuador's tax authority communicated its new transfer pricing laws. ... - Continue reading
AG says Barbados will fight blacklisting ‘tooth and nail’
Barbados to fight for being unjustly blacklisted by the European Union. ... - Continue reading
Public input sought on Brazil, OECD transfer pricing harmonization
Brazil set out in the direction of tax reform. ... - Continue reading
OECD assesses Cayman’s process to resolve double-taxation disputes
OECD examines Cayman Islands' implementation of BEPS Action 14. ... - Continue reading
Cyprus: Cyprus Residency Permit Procedures
Now that the day for Britain to officially leave the European Union is approaching, UK nationals seeking Cypriot residency might wish to accelerate their efforts. This article acts as a guide to this process. ... - Continue reading
HMRC targets wealthy in push on tax evasion
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
Wilful income tax evasion may land you in jail for up to seven years
Cases where the amount of tax sought to be evaded or tax on under-reported income is lesser than ₹25 lakh, the person can be punished with imprisonment of at least three months and up to two years and with fine. ... - Continue reading
How to avoid paying double tax on your offshore investments
Clarifications on the double tax treaty between South Africa and the United Kingdom. ... - Continue reading
Canada: Don’t Let Your Dream Vacation Home Become A Tax Nightmare
Renting your foreign property may require you to disclose information to the Canada Revenue Agency (the "CRA"). A Foreign Income Verification Statement is required to be filed with the CRA where the adjusted cost base of the property exceeds CDN $100,000. ... - Continue reading
Foreign-owned aluminum company embroiled in yet another scandal
Global Vietnam Aluminum Ltd linked to two Chinese-Australian business people is being probed for alleged tax evasion running into millions of dollars. The State Audit recently said it has found signs the firm illegally inflated costs by VND2.68 trillion ($116.37 million) to evade taxes. The possible fraud came to light… – Continue reading
Singapore: Draft Tax Bill In Singapore Seeks To Implement COVID-19 Related Tax Measures; Proposes 50% Surcharge On Tax Avoidance
On the 20th of July, the Singaporean government released a draft bill to adapt to the current waddling economy caused by the COVID-19. ... - Continue reading
Luxembourg: Law On Deferral Of DAC 6, CRS And FATCA Deadlines Voted!
Amendments to legislations regarding deadlines have been made and here they are. ... - Continue reading
Cyprus: Marshall Islands | Economic Substance Regulations
MOre on the Economic Substance Regulations ("ESRs"). ... - Continue reading
Cyprus and Switzerland sign protocol for avoidance of double taxation
Cyprus and Switzerland team up to combat double taxation. ... - Continue reading
Malta: Malta Individual Investor Program (MIIP) | Reform
An amended citizenship program is yet to surface for Malta. Here is a glimpse of it. ... - Continue reading
Ukraine aims to fight tax evasion with new law
Here is a discussion into the new legislation set to take place in Ukraine which aims to tackle profit shifting. While its objective is to encourage tax transparency, many businesses believe that this measure might have adverse effects for offshore trade. ... - Continue reading
Why now is the best time for South Africans to apply for Portugal’s Golden visa
Guidance for South Africans to gain residency in Portugal. ... - Continue reading
Apple Wins €13 Billion Tax Avoidance Case Against EU Antitrust Regulator
A big win for Apple in a tax avoidance court case. ... - Continue reading
