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Compliance management

Compliance management archive
  • Canadian federal budget could hike CGT rates, but offer R&D reliefs

    March 17, 2017

    Canada’s 2017 federal budget will be unveiled on March 22 and it is very likely to contain tax changes affecting businesses as the government looks to address economic challenges and maintain the country’s competitive edge.

  • China plans VAT changes to rates and real estate sector

    March 17, 2017

    China is planning to shrink its VAT rates and revise the regime governing the VAT treatment of real estate to make the tax system more business friendly.

  • India’s GST almost set for July 1 implementation

    March 17, 2017

    Businesses have less than two months to complete their preparation for India’s GST regime after the GST Council passed a major landmark in its latest meeting.

  • UK’s embarrassing U-turn on budget’s central tax proposal

    March 16, 2017

    In a humiliating change of events, UK Chancellor of the Exchequer Philip Hammond ditched his proposals – announced only a week ago – to increase Class 4 national insurance contributions (NICs) for the self-employed and target gig economy workers, relieving many taxpayers of a higher tax burden.

  • Webinar: Transfer pricing issues for MNEs investing in Africa

    March 13, 2017

    Recent studies show that the African continent is attracting a growing amount of investments from foreign multinational enterprises. BonelliErede and International Tax Review will provide an overview of the main transfer pricing issues to consider for structuring investments into selected countries.

  • New Zealand goes soft on DPT plans in favour of BEPS measures

    March 08, 2017

    Multinationals will not face a UK-style diverted profits tax (DPT) in New Zealand, but three consultation papers released by Inland Revenue propose tough measures against profit shifting, aggressive transfer pricing (TP) arrangements and permanent establishment (PE) avoidance.

  • Asia Tax Awards 2017 nominees announced

    March 08, 2017

    Fierce competition is guaranteed for all the prizes after the announcement of the shortlists for the Asia Tax Awards 2017.

  • EU undresses MNEs' beneficial owners in transparency push

    March 02, 2017

    Tax transparency activists are rejoicing after MEPs in the European Parliament passed amendments to the EU Anti-Money Laundering Directive that allow public access to registers containing the details of the beneficial owners of companies and trusts.

  • EU takes the global lead with rules on hybrid mismatches

    March 01, 2017

    The EU will lead the way in defining how countries worldwide will implement rules to stop the use of hybrid mismatch arrangements in line with BEPS Action 2 after the Economic and Financial Affairs Council (ECOFIN) agreed its position on the rules to prevent the practice with the tax systems of non-EU countries.

  • The Brockman brief: Tax haven blacklist: Talk of the town

    February 28, 2017

    As EU member states determine the criteria for what constitutes a tax haven, while at the same time lowering their tax rates, the debate over tax havens is growing. Keith Brockman considers the parameters of the ideas of ‘transparency’ and ‘tax haven blacklist’.

  • Understanding TP compliance for commencement tax returns

    February 28, 2017

    Companies beginning a new business venture in Nigeria face complex compliance rules on transfer pricing in the first three years. Victor Adegite and Adedayo Adebowale of KPMG Nigeria guide businesses through the possible hurdles.

  • Singapore budget confirms shift to indirect taxation

    February 24, 2017

    Proposals in Singapore’s 2017-18 budget confirmed the government’s plans to shift from a direct tax base to an indirect one, with several measures proposing the introduction of new taxes on companies.

  • South Africa budget almost avoids tax hikes for businesses to plug deficit

    February 23, 2017

    Businesses were left almost unscathed in Finance Minister Pravin Gordhan’s 2017-18 budget that announced ZAR 28 billion ($2.16 billion) of revenue raising measures to help stabilise the economy, but there was one concern for MNEs.

  • Hong Kong to establish tax policy unit to enhance regime

    February 23, 2017

    Hong Kong’s Financial Secretary Paul Chan has announced his plans to establish a tax policy unit to review the country’s narrow tax base and boost international competitiveness in his 2017-18 budget.

  • Tougher compliance rules for New Zealand foreign trusts

    February 15, 2017

    New Zealand’s Parliament has approved legislation that will require foreign trusts to disclose more information to the tax authorities as it gets tough on aggressive tax planning in the wake of the Panama Papers.

  • Tax hikes likely as South Africa tries to plug deficit

    February 14, 2017

    Finance Minister Pravin Gordhan is set to announce higher tax rates, as well as other measures, in his upcoming 2017/18 budget that could either boost the economy or deliver the final knockout punch to his career as finance minister.

  • Botswana plans for big changes to tax rules in 2017- 2018 budget

    February 14, 2017

    Botswana intends to simplify tax legislation and introduce transfer pricing rules, the country’s Minister of Finance and Economic Development O K Matambo announced in his 2017-18 budget address.

  • Back to the drawing board for Swiss tax reforms

    February 14, 2017

    Businesses and citizens have crossed swords as the Swiss Corporate Tax Reform III (CTR III), which included numerous tax benefits for MNEs, was rejected by voters in a referendum held on February 12 2017.

  • Businesses in limbo as NAFTA renegotiations threaten tariffs

    February 09, 2017

    US President Donald Trump’s threats to impose tariffs and duties on imports have dealt a blow to the security and longevity of the North American Free Trade Agreement (NAFTA). Pending renegotiations between the US, Canada and Mexico are becoming a cause for concern for companies.

  • Transatlantic tax tensions grow over business poaching

    February 08, 2017

    EU leaders are queuing up to criticise the US and UK over plans to slash corporation tax, while US President Donald Trump makes provocative comments on the European project. The growing conflict means corporate CEOs are left scratching their heads on tax planning and whether to shift manufacturing, IP and profit into the US.

  • Jaitley seeks tax compliant economy in India’s 2017 budget

    February 02, 2017

    India’s Finance Minister Arun Jaitley has promised to clean up India’s economy in an effort to boost revenue through better compliance measures rather than tax hikes in his 2017-18 budget.

  • Navigating the complexities of TP compliance for commencement tax returns

    January 31, 2017

    Companies beginning a new business venture in Nigeria face complex compliance rules on their transfer pricing in the first three years. Victor Adegite and Adedayo Adebowale of KPMG Nigeria guide businesses through the possible hurdles.

  • Germany takes aim at banks over dividend tax loopholes

    January 31, 2017

    Financial institutions may be subject to huge tax bills as a result of a global bank’s upcoming court case concerning dividend stripping and the pending decision of Germany’s states to reclaim revenues lost from similar tax practices.

  • Q&A: China’s changing tax landscape

    January 25, 2017

    China’s tax environment is rapidly changing to become more aligned with international standards, alongside more transparent and business-friendly policies. The Director General of International Taxation for China Tizhong Liao talks to Amelia Schwanke about his thoughts on recent tax developments and what businesses can expect in 2017.

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International Tax Review Profile

RT @AccordanceVAT: #Uber faces legal challenge on paying #VAT https://t.co/vXllKpsRgz via @FT https://t.co/SSZ0diunhq

Mar 22 2017 10:00 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @regfollower: DTA between Jersey and Mauritius signs https://t.co/DcAy4nGOph

Mar 22 2017 09:58 ·  reply ·  retweet ·  favourite
International Tax Review Profile

RT @deveconwatcher: New estimates reveal the extent of tax avoidance by multinationals https://t.co/2xMrxsqM75 via @taxjusticenet

Mar 22 2017 09:54 ·  reply ·  retweet ·  favourite
International Tax Review Profile

And the disputes continues... This will get interesting. https://t.co/IzD9EDCwjU

Mar 22 2017 09:53 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Looks as though some GCC countries may leave little time for businesses to get accustomed with new VAT laws https://t.co/ibsiv7mBjy

Mar 17 2017 01:53 ·  reply ·  retweet ·  favourite
International Correspondents