Posts by admin

Italy: Parliament Approves 2018 Budget Law

January 24, 2018

The Italian Parliament approved the Budget Law on 23rd December 2017 and it will come into force on 1st January...

Korea Rep OF: Legislation of Tax Reform Bill 2018

January 24, 2018

On 19 December 2017, Korea passed the 2018 Tax Reform Act (the 2018 tax reform) after it was passed by...

Korea, Republic Of: Redesigning of graphical warnings on cigarette packs

January 24, 2018

As stated by the Health Minister of the country, South Korea will bring in changes on graphical warnings on cigarette...

Azerbaijan: New system of custom duties

January 24, 2018

The transformation to a new system of custom duties kick-started from 1st January 2018, where there has been a pretty...

Kazakhstan: Tax Law Reforms for the year 2018

January 24, 2018

The Kazakh President, signed a series of laws on 25 December 2017 regarding taxes and other mandatory payments, introduction of...

Brazil publishes provisional measure on special tax regime

January 23, 2018

Brazil’s provisional measure 795/2017 was turned into Law 13.586 / 2017, as published in the Official Journal of 29th December...

Croatia: Closing date of CbC report submission extends for first year

January 22, 2018

A notice regarding the submission of Country-by-Country (CbC) reports has been announced on 16 January 2017 by the Tax Administration....

UK: Research on knowledge and use of VAT partial exemption

January 19, 2018

HMRC commissioned a telephone survey of almost two thousand VAT registered businesses representing 17 different industry sectors. The aim was...

UK: Research on small producers and importers of soft drinks

January 19, 2018

The introduction of an industrial levy on the production and import of sugary drinks was announced in the 2016 Budget...

IMF report recommends further reforms in Ethiopia

January 18, 2018

On 17 January 2018 the International Monetary Fund (IMF) issued a report following the conclusion of consultations with Ethiopia under...

Greece: Tax Authority publishes a Circular POL.1209/2017 on tax evasion

January 18, 2018

The Independent Public Revenue Authority has issued the Circular POL.1209/2017 on December 20, 2017. With the help of POL 1209/2017,...

EU Finance Ministers to review tax haven blacklist

January 17, 2018

It is reported that the EU Economic and Finance Ministers (ECOFIN) will at their meeting on 23 January 2018 remove...

UK: Increase in average length of tax investigations of large companies

January 17, 2018

It was reported on 15 January 2018 that recent figures from HMRC indicated an increase in the length of time...

World Bank presents proposals for improving tax collection in the Dominican Republic

January 17, 2018

A report issued by the World Bank on 17 January 2018 entitled Gearing up for a More Efficient Tax System...

IMF report comments on the economic position of Croatia

January 16, 2018

On 16 January 2018 the International Monetary Fund (IMF) published a report following the conclusion of consultations with Croatia under...

Panama signs agreement for exchange of financial account information

January 15, 2018

On 15 January 2018 Panama signed the CRS Multilateral Competent Authority Agreement (CRS MCAA), the agreement for implementing the automatic exchange...

Thailand: Cabinet approves draft Transfer Pricing Act

January 15, 2018

On 3 January 2018, the Thai Cabinet approved the draft transfer pricing act following a public hearing held in July 2017 on...

Argentina: AFIP publishes a Resolution to amend rules on capital gains tax of nonresidents

January 15, 2018

The Argentine Tax Authorities (“AFIP”) published General Resolution No 4190/2018 (“GR 4190”) on January 12, 2018 in the Official Gazette...