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OECD Issues BEPS Progress Report To G20 Leaders
Ulrika Lomas, Tax-News.com, Brussels__05 July, 2019
In a report released for G20 leaders ahead of their meeting in Osaka on June 30-31, 2019, the OECD provided a progress update on its international tax reform work, including on base erosion and profit shifting, and on international tax transparency initiatives. Read Full Story

Zambia Delays VAT Again, Until September
Lorys Charalambous, Tax-News.com, Cyprus__05 July, 2019
Zambia has once again pushed back implementation of a sales tax in place of value-added tax, to September 1, 2019. Read Full Story

IRS Opens US Compliance Assurance Program To Applicants
Mike Godfrey, Tax-News.com, Washington__21 June, 2019
On June 14, 2019, the US Internal Revenue Service announced that it is looking for new applicants for the Compliance Assurance Process (CAP), a cooperative compliance program aimed at publicly traded corporate taxpayers. Read Full Story

Mauritius Overhauls Tax Regime In 2019-20 Budget
Lorys Charalambous, Tax-News.com, Cyprus__21 June, 2019
Mauritius announced a multitude of changes to all areas of its tax regime in its 2019-2020 Budget, including international tax reforms; value-added tax changes; new corporate tax relief measures, including a new patent box regime; a regime for peer-to-peer lending; individual tax breaks; and a tax amnesty scheme. Read Full Story

Bolivian Tax Amnesty To Close June 28
Mike Godfrey, Tax-News.com, Washington__21 June, 2019
Bolivian taxpayers have until a twice-extended deadline of June 28, 2019, to regularize their affairs and benefit from reduced penalty rates. Read Full Story

OECD Fleshes Out Int'l Tax Reform Plans During BEPS Webcast
Ulrika Lomas, Tax-News.com, Brussels__13 June, 2019
During a webcast on June 11, the OECD provided a technical update on its work to develop new, modernized international tax rules for the digitalized economy. Read Full Story

Global Tax Information Exchange Has Netted States Billions
Ulrika Lomas, Tax-News.com, Brussels__21 June, 2019
The OECD has reported on the progress achieved to improve tax transparency internationally under the new Common Reporting Standard (CRS), ahead of the meeting of G20 finance ministers in Fukuoka, Japan. Read Full Story

Poland Launches Consultation On VAT Split Payment Mechanism
Ulrika Lomas, Tax-News.com, Brussels__05 June, 2019
On May 16, 2019, Poland's Ministry of Finance launched a public consultation on proposals to introduce a VAT split payment mechanism on a mandatory basis for certain suppliers. Read Full Story

IRS Proposes Extra Controlled Foreign Company Rules
Mike Godfrey, Tax-News.com, Washington__05 June, 2019
The United States Internal Revenue Service has proposed rules regarding the attribution of ownership of stock or other interests for purposes of determining whether a person is a related person with respect to a controlled foreign corporation (CFC) under section 954(d)(3). Read Full Story

Netherlands Announces 2019 Fiscal Agenda
Ulrika Lomas, Tax-News.com, Brussels__31 May, 2019
On May 28, 2019, Dutch State Secretary for Finance Menno Snel issued an update on the Government's 2019 fiscal agenda, which includes an outline of tax legislative proposals that the Government intends to submit to parliament in the remainder of the year. Read Full Story

 

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