Posts by admin

IMF Managing Director Discusses Revenue Mobilization and International Taxation

February 25, 2016

On 22 February 2016 the IMF Managing Director spoke in Abu Dhabi on the issue of revenue mobilization and international...

Turkey: Communiqué regarding pre-filled online tax returns published

February 25, 2016

Tax Procedure Law General Communiqué No. 470 that concerns pre-filled online tax returns pertaining to certain types of income has...

Finland: IMF report on the value added tax compliance gap

February 24, 2016

On 23 February 2016 the IMF published a technical assistance report on the analysis of the value added tax (VAT)...

Denmark: IMF report on the value added tax gap

February 24, 2016

On 23 February 2016 the IMF published a technical assistance report on the analysis of the value added tax (VAT)...

UK: IMF report and selected issues paper look at property taxation

February 24, 2016

The IMF has published a staff report and a selected issues paper following the conclusion of consultations with the UK...

OECD to broaden participation in BEPS

February 24, 2016

On 23 February 2016 the OECD agreed a new framework to broaden participation in the OECD/G20 project on base erosion...

Thailand-Program for tax audit protection for SME taxpayers

February 22, 2016

The government of Thailand recently released an emergency decree providing a “tax audit exemption program” which has become effective and...

UK: Parliamentary Committee launches inquiry into corporate tax system

February 19, 2016

The UK Parliament’s Treasury Select Committee has launched an inquiry into the UK corporate tax system, covering tax policy and...

Russia: Amendments to CFC rules entered into force

February 19, 2016

The president of Russia has signed Federal Law No. 32-FZ on February 15, 2016 that amends the СFC provisions. This...

Austria: IMF Selected Issues Paper looks at the tax system

February 18, 2016

Following consultations with the Austrian government the IMF has published a staff report and a selected issues paper looking at...

Russia: Amendment in thin capitalization rules passed

February 18, 2016

Federal Law No. 25-FZ amending the thin capitalization rules was passed by the Parliament on 15 February 2016. As per...

Canada: Increased HST rate in New Brunswick

February 18, 2016

In New Brunswick the rate of harmonized sales tax (HST) for companies that do business in the province is to...

Venezuela: Tax plan to fight tax evasion, avoidance and fraud announced

February 18, 2016

The President has announced six general economic measures including a tax plan naming “Tax Revolution” in order to fight tax...

Sri Lanka: World Bank study highlights low tax collection

February 17, 2016

The World Bank published a Systematic Country Diagnostic on Sri Lanka on 1 February 2016. This looks at the key...

UK: deemed domicile for income tax and capital gains tax

February 16, 2016

The UK is currently conducting a consultation on measures changing the rules for non-UK domiciled individuals. The changes are to...

Hungary: IMF report recommends tax changes

February 16, 2016

The International Monetary Fund (IMF) has issued a concluding statement describing the preliminary staff findings following consultation with Hungary under...

Venezuela: Increase in value of tax unit gazetted

February 15, 2016

Resolution SNAT/2016/011 was issued by the National Integrated Service for the Administration of Customs Duties and Taxes on 11th February...

TIEA between Belize and Czech Republic signed

February 15, 2016

An Exchange of Information Agreement regarding tax matters between Belize and the Czech Republic has signed on February 12, 2016...