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Government of Iraq issued 2018 Federal Budget

March 29, 2018

The Iraqi Parliament passed its 2018 Budget Act (the Budget) on 3 March 2018. The Budget includes several measures to...

Argentina: CbC notification deadline extends for fiscal years ending

March 28, 2018

A Resolution entitled “General Resolution 4218 of 23 March 2018” was published in the Official Gazette. This gives an extension...

Portugal: Extended the import VAT reverse charge relief to all goods from 1 March 2018

March 28, 2018

Portugal has extended the import VAT reverse charge relief to all goods from 1 March 2018. The system was introduced...

Imposition of VAT on Bitcoin in Thailand

March 28, 2018

The Cabinet Government of Thailand has decided to levy 7% VAT on digital currency (e.g. bitcoin) transactions. This is aimed...

Increased VAT Rate in South Africa from 1 April 2018

March 28, 2018

Beginning on 1st April 2018, the value added tax (VAT) rate is scheduled to increase to 15% from previous 14%....

Poland extends the deadline for Transfer Pricing documentation

March 27, 2018

The Ministry of Finance (MoF) released the Regulation of the Minister of Finance of 14 March 2018 regarding the extension...

Brazil changes R&D tax incentives

March 27, 2018

Brazil released the National Congress Act No. 8 of 14 March 2018 in the Official Journal. The Act extends by...

OECD: Further guidance on attribution of profits to permanent establishments

March 25, 2018

On 22 March 2018 the OECD issued a report entitled “Additional Guidance on the Attribution of Profits to Permanent Establishments,...

British Colombia Budget Bill 2-2018 receives Royal Assent

March 25, 2018

The third reading of Budget Measure Implementation Act, 2018 or Bill 2-2018 for British Colombia (B.C.) was passed on March...

OECD announces date of entry into force of multilateral instrument

March 23, 2018

On 22 March 2018 the OECD announced that the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base...

Agreement to Create the African Continental Free Trade Area

March 22, 2018

On 21 March 2018 leaders of 44 African countries signed an agreement to create the African Continental Free Trade Area...

EU: Proposals on taxation of digital activities

March 21, 2018

On 21 March 2018 the European Commission proposed rules on taxation of digital business activities in the EU. These tax...

UK: Consultation discusses the use of cash in tax evasion and financial crime

March 19, 2018

On 13 March 2018 the government issued a call for evidence entitled “Cash and digital payments in the new economy”....

UK: Use of taxation or other charges to reduce plastic waste

March 18, 2018

The UK has set a goal to eradicate all avoidable plastic waste by 2042 and is examining how economic incentives...

UK: update on corporate taxation and the digital economy

March 18, 2018

In March 2018 the UK has issued an updated position paper on corporate taxation and the digital economy, following an...

Netherlands-Malawi: Dutch Lower House of Parliament approves tax treaty

March 18, 2018

The Dutch lower house of parliament approved the pending income tax treaty with Malawi on 15th March 2018, signed on...

UK: Chancellor delivers 2018 Spring Statement

March 18, 2018

The Chancellor delivered the Spring Statement on 13 March 2018. As the main budget announcements have now been moved to...

OECD: Interim report on tax challenges of the digital economy

March 18, 2018

The interim report on tax challenges of the digital economy was published on 16 March 2018. The 2015 report on...