Colombia: Tax administrative summary of tax reform 2016
According to law 1819 of 2016, adopting the structural tax reform bill approved on 23 December 2016, which introduces the following major changes to the tax administration, tax procedures and penalties: Tax administration The tax reform introduces
See MoreDominican Republic: Tax Authorities publishes new request forms for all tax-related procedures
The tax authority (DGII) of the Dominican Republic has recently published on its website, a set of new forms that taxpayers are to use for most tax-related procedures. The new forms exchange the prior letter request format used by taxpayers seeking
See MoreChile: Document regarding tax reform publishes
The tax administration has published a document entitled ‘Keys to Understanding the Tax Reform’ on 7th October 2016 on its website. The purpose of this document is to explain the opportunity of the tax reform. The document includes questions and
See MorePlatform for Collaboration on Tax: Report to G20 on capacity building
On 25 July 2016 the Platform for Collaboration on Tax made available a report on enhancing the effectiveness of external support in building tax capacity in developing countries. The report was written for the meeting of the G20 finance ministers
See MoreOECD: Review of Italy’s tax administration
The OECD Centre for Tax Policy and Administration has carried out a review of the organizational structure and institutional arrangements of the Italian tax administration including the Revenue Agency and the Customs Agency. The review which was
See MorePlatform for Collaboration on Tax releases discussion draft on effective capacity building
The Platform for Collaboration on Tax was set up by the IMF, OECD, UN and World Bank at the request of the G20 group of countries to recommend mechanisms to ensure effective implementation of technical assistance programs. The February 2016 meeting
See MoreIMF publishes working paper on aid and fiscal policy
On 9 June 2016 the IMF published on its website a paper entitled “What does aid do to fiscal policy? New evidence”. As foreign aid is an important source of funding for some developing countries it is important to look at how aid is allocated
See MoreIMF report comments on the economic situation in Bosnia
The IMF has reached a staff agreement with Bosnia and Herzegovina on an arrangement under the Extended Fund Facility and on 24 May 2016 published a press release including the statements of IMF staff teams. The economy of Bosnia is recovering and
See MoreOECD: Technologies for better tax administration
The OECD published a report entitled “Technologies for Better Tax Administration: A Practical Guide for Revenue Bodies” during the meeting of the Forum on Tax Administration on 9 to 11 May 2016. Technologies such as the internet, portal
See MoreOECD: Report on the role of tax service providers
A report entitled “Rethinking Tax Services: The Changing Role of Tax Service Providers in SME Tax Compliance” was published during the meeting of the OECD's Forum on Tax Administration (FTA) on 9 to 11 May 2016. The report looks at the
See MoreOECD: Tax administrations and capacity building
At the meeting of the OECD’s Forum on Tax Administration (FTA) on 9 to 11 May 2016 a publication entitled “Tax Administrations and Capacity Building: A Collective Challenge” was issued. Domestic resource mobilization requires an effective tax
See MorePlatform for Collaboration on Tax set up by OECD, IMF, UN and World Bank
On 19 April 2016 the OECD, IMF, World Bank and UN announced the creation of a Platform for Collaboration on Tax. The Platform will intensify cooperation between these bodies as well as hosting regular consultations on the design and implementation
See MoreIMF Working Paper looks at reform priorities of Chinese tax administration
On 17 March 2016 the IMF published on its website a Working Paper entitled Tax Administration Reform in China: Achievements, Challenges and Reform Priorities. The paper notes that tax administration improvements have doubled China’s tax to GDP
See MoreEuropean Commission and IMF discuss revenue mobilization
Representatives of the European Commission and the international Monetary Fund (IMF) met on 14 March 2016 to discuss strengthening their partnership in areas such as mobilizing domestic revenue. In the next few months the two organizations are
See MoreSri Lanka: World Bank study highlights low tax collection
The World Bank published a Systematic Country Diagnostic on Sri Lanka on 1 February 2016. This looks at the key obstacles to sustained progress in ending poverty and increasing prosperity. The study identifies the low tax to GDP ratio as an
See MoreVenezuela: Tax law changes that will be effective from 2016
The tax reform measures in Venezuela have been published in official gazette on 30th December 2015. Changes to the income tax law are effective from the beginning of January 2016. They include the following measures: The tax inflation
See MoreMexico-Publishes new Income Tax Law regulations regarding corporate taxation
The new regulations to the Income Tax Law were published in the Official Gazette on 8 October 2015. The main changes included in the regulations are summarized below: Corporate taxation: - Informative returns must be filed for donations exceeding
See MoreUK: HMRC to reorganize into regional centers
The UK tax authority HMRC has announced a reorganization of its offices that will result in the replacement of 170 local offices by 13 new regional centers. The regional centers will support the necessary digital infrastructure and contain a mix of
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