EU Commission adopts new customs risk management strategy A new strategy and action plan aimed at developing better customs risk management has been approved by the EU Commission. By Aaran Fronda August 27 2014
HMRC to close EBT settlement initiative UK taxpayers have until March 2015 to eliminate employee benefit trusts (EBT) from their tax planning. However, the warning does not apply to every company that has used the technique,... By Aaran Fronda August 20 2014
TEI raises concerns about Chinese GAAR The Tax Executives Institute (TEI) submitted comments to China’s State Administration of Taxation (SAT) regarding its draft of administrative measures on general anti-avoidance rules (GAAR). By Aaran Fronda August 20 2014
Malaysia: Clock is ticking for GST registration With the introduction of the goods and services tax (GST) from April 2015, the Malaysian Customs Department has released its GST handbook to help prepare businesses for the new tax,... By Aaran Fronda August 19 2014
India: High Court rules CCDs are exempt under India-Mauritius DTAA The Delhi High Court has decided, in Zaheer Mauritius vs Director of Income Tax, that the sale of compulsory convertible debentures (CCDs) should be classified as capital gains and exempt... By Aaran Fronda August 13 2014
Japan: Changes to place of supply rules will hurt overseas suppliers of digital services The government has proposed changes to Japanese consumption tax (JCT) place of supply rules, so the levy applies equally to foreign and domestic suppliers of digital services. By Aaran Fronda August 12 2014
Singapore to fully implement advance export declaration From October 2014, Singapore will fully implement advance export declaration (AED), which will require all exporters to submit export declarations to Singapore Customs authorities before the physical export of goods. By Aaran Fronda August 12 2014
