Copying and distributing are prohibited without permission of the publisher

Compliance management

Compliance management archive
  • Mexican tax authorities discuss implications of Form 76 disclosure requirements

    November 21, 2014

    Form 76 introduces new information reporting rules for Mexican taxpayers, requiring them to disclose transactional details in a range of areas such as transfer pricing, financing and reorganisations.

  • Reporting requirements increase compliance burden for Mexican taxpayers

    November 21, 2014

    The Mexican tax authorities have just added to the compliance burden of taxpayers by setting out new information reporting requirements relating to topics such as the financing of derivatives transactions, transfer pricing, restructurings and reorganisations.

  • Spain to introduce real-time VAT reporting from 2017

    November 21, 2014

    The Spanish government has announced that it will introduce a new real-time VAT reporting system from January 1 2017.

  • The European Tax Awards 2015 season kicks off on Monday December 1

    November 20, 2014

    That is when companies and firms will be able to download the submission forms from this website and compete for the awards, which are now in their 11th year. The closing date for submissions is Monday February 2 2015 and the awards will be presented at a dinner at the Grosvenor House hotel in London on Thursday May 21 2015.

  • Getting FATCA right is getting more expensive for financial institutions

    November 19, 2014

    More than half the financial institutions polled for a survey on FATCA [Foreign Account Tax Compliance Act] reporting have said they will spend more than originally planned to comply with the law.

  • Hodge blasts “unacceptably slow” UK tax authorities over £1.9 billion error

    November 19, 2014

    Margaret Hodge, UK member of parliament (MP) and chairwoman of the parliamentary Public Accounts Committee (PAC) has attacked HM Revenue and Customs (HMRC) for not doing enough to tackle corporate and personal tax avoidance.

  • Irish Revenue publishes revised Code of Practice for Revenue Audit and other Compliance Interventions

    November 19, 2014

    The Irish Revenue authority (Revenue) has published a revised Code of Practice for Revenue Audit and Other Compliance Interventions (the Revised Code), which took effect from August 14 2014. It will be a “live” document, meaning it will remain under permanent review and be updated to reflect changes in legislation and new practices.

  • OECD announces three-part plan to open BEPS talks to more developing countries

    November 14, 2014

    The OECD has unveiled a plan to bring more developing countries into the discussions on base erosion and profit shifting. But tax justice campaigners have given it only a guarded welcome.

  • TIGTA says IRS could do more to improve e-filing of tax returns

    November 12, 2014

    The oversight body for how the Internal Revenue Service (IRS) operates the US tax system has found that the IRS could save more than $17 million if it improved the rate of electronic filing of business tax returns.

  • India's FATCA future unclear after names of alleged tax evaders are made public

    November 05, 2014

    On October 27, the Indian government disclosed names of alleged tax evaders to the Indian Supreme Court in an affidavit signed by the Department of Revenue. The affidavit accused some of the country's top business owners of tax evasion through foreign held bank accounts. This development raises questions over confidentiality clauses in FATCA agreements and other information exchange provisions.

  • China streamlines taxpayer services

    October 31, 2014

    China has been accelerating its fiscal and tax reforms in recent years. The central government is keen to establish a healthy fiscal and tax system to help optimise allocation of resources, establish a fair market playground, and ultimately achieve prosperity of the nation. Wang Jun, Minister of Taxation of the People's Republic of China, outlines how the government is achieving this.

  • Multilateral agreement on automatic exchange of information signed in Berlin

    October 29, 2014

    Fifty one jurisdictions signed a multilateral competent authority agreement at the seventh meeting of the OECD's Global Forum on Transparency and the Exchange of Information for Tax Purposes in Berlin this afternoon.

  • Common Reporting Standard gets partial thumbs-up from Tax Justice Network

    October 27, 2014

    The Tax Justice Network (TJN) has described the Common Reporting Standard (CRS) and the signing this week of the multilateral competent authority agreement to implement it as “progress” and “a good first step” towards automatic information exchange (AIE) and the elimination of illicit financial flows, but has refused to give them its unqualified support.

  • Forum on Tax Administration unveils plan for closer coordination

    October 24, 2014

    The heads of tax administration from 38 countries have agreed to implement three actions which they say will help them to work closer together, coordinate their actions, share knowledge and deal with any tax administration aspects arising from the base erosion and profit shifting (BEPS) project.

  • Vietnam’s Decree 91 features tax incentives for manufacturing and technology

    October 24, 2014

    Vietnam’s Decree 91 on VAT and corporate income tax (CIT) came into effect on October 15 2014. It includes provisions on deductible expenses, tax incentives for manufacturers and high-technology firms, a reduction in the paperwork required for tax filing and in the corporate tax rate for agricultural businesses, which are all applicable for the 2014 reporting year

  • John McGowan takes over Deloitte's national tax technology practice in US

    October 22, 2014

  • Monaco joins convention on tax assistance

    October 17, 2014

    Monaco has become the latest jurisdiction to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, the international instrument developed jointly by the OECD and the Council of Europe to fight international tax avoidance and evasion

  • Hong Kong grapples with FATCA and CRS compliance

    October 15, 2014

    Hong Kong’s financial institutions are battling to become FATCA compliant by 2016. On September 15, the city also announced its cooperation with the OECD Common Reporting Standard (CRS) initiative, which allows free exchange of tax information among 70 countries. The dual burden is potentially problematic for both regulators and financial institutions.

  • EU and OECD move forward on administrative coooperation directive and Common Reporting Standard

    October 10, 2014

    Fifty countries, including 26 of the EU’s 28 member states, though not the US, have signed up to be early adopters of the Common Reporting Standard (CRS), the instrument unveiled by the OECD in July to implement the global exchange of tax information.

  • Extending the G20 tax mandate

    October 06, 2014

    Examinations of how tax systems can promote growth and the use of tax incentives in developing countries, and capacity building are all important parts of the G20’s expanding tax work, argues Jeffrey Owens, Director, Vienna University’s Global Tax Policy Centre.

  • Ireland produces guidance notes for FATCA implementation

    October 03, 2014

    The Revenue Commissioners in Dublin have published guidance notes on America’s Foreign Account Tax Compliance Act (FATCA), giving financial institutions in Ireland more information about how they should comply with the due diligence and reporting requirements in the controversial law.

  • OECD unveils plan for 2014/2015 BEPS work

    October 02, 2014

    The OECD is getting straight back to work on base erosion and profit shifting (BEPS).

  • Latin America Focus 2014 now available

    September 30, 2014

    With reforms underway in a number of countries in the region, and international initiatives to keep track of, leading advisers update you on the latest developments from across Latin America.

  • Philippines signs multilateral convention on tax cooperation

    September 29, 2014

    On Friday the Philippines became the 68th signatory of the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, an international instrument developed jointly by the OECD and the Council of Europe to fight international tax avoidance and evasion. The Philippines has to ratify the Convention before it can come into force.

Click here for more articles
International Tax Review Profile

@RSMTax Thanks for retweeting our stories. Any chance you could mention @intltaxreview in such tweets in future? It's misleading otherwise.

Nov 22 2014 05:31 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Vestager says will use 'Luxleaks' documents in EU tax probe @Euractiv All 28,000 pages of them.

Nov 21 2014 02:21 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Have you read the cover story from ITR's 25th birthday mag? It's 25 events that shaped the tax world! #ITR25

Nov 21 2014 12:15 ·  reply ·  retweet ·  favourite
International Tax Review Profile

.@stephen_herring It's unclear what @HMRCgovuk can do if taxpayer fails to turn up for meeting about their debt #directrecoveryofdebt

Nov 21 2014 10:36 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Government strengthens safeguards for direct action to recover debts - HM Revenue & Customs (HMRC) via @mynewsdesk_uk

Nov 21 2014 10:32 ·  reply ·  retweet ·  favourite
International Correspondents

After the Irish budget, what would make you more likely to put more substance into Ireland?