Stories that are tagged 'penalties'


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

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

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

Philippines To Launch Estate Tax Amnesty In June
Mary Swire, Tax-News.com, Hong Kong__31 May, 2019
The Filipino Government has said it is planning to launch its proposed estate tax amnesty next month. Read Full Story

More UK Tax Guidance Needed, Not Enforcement, Firms Say
Jason Gorringe, Tax-News.com, London__29 April, 2019
UK businesses believe that the UK tax system is fundamentally unfair and they want more support to stay compliant, according to new research released on April 23 by the British Chambers of Commerce. Read Full Story

UK's Making Tax Digital Initiative To Cover Only VAT Until 2021
Jason Gorringe, Tax-News.com, London__26 March, 2019
British businesses have welcomed confirmation from the UK Government that Making Tax Digital will not be rolled out to other taxes and more businesses in 2020. Read Full Story

Australia Warns On Real Estate GST Non-Compliance
Mary Swire, Tax-News.com, Hong Kong__14 March, 2019
The Australian Taxation Office said that it has noticed a number of common errors being made in activity statements since the "goods and services tax at settlement" system was introduced for the real estate industry in July 2018. Read Full Story

Panama Outlaws Tax Evasion
Mike Godfrey, Tax-News.com, Washington__17 June, 2019
Panama has enacted Law 70 to criminalize tax evasion. Read Full Story

UK Launches Profit Diversion Compliance Facility For MNEs
Jason Gorringe, Tax-News.com, London__14 January, 2019
HM Revenue and Customs has announced plans and guidance for a new Profit Diversion Compliance Facility, which is intended to support multinational companies concerned about their transfer pricing arrangements to resolve any issues with the tax agency. Read Full Story

Australia Cracks Down On Illegal Foreign Property Investment
Fiona Moore, for Expatbriefing.com__04 January, 2019
In December, the Australian Government announced that it had forced the sale of more than 300 properties illegally acquired by foreign nationals. Read Full Story



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