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The Korean government recently promulgated a new presidential decree imposing additional requirements on the National Tax Service (NTS) with regards to documents seized during an unannounced tax audit or 'dawn raid'.

The Albanian legislative act which defines the general principles and rules for the preparation of accounting standards, financial statements and accounting records is the Law on Accounting and Financial Statements (Law No. 9228, dated April 29 2004).

Important changes affecting a wide range of companies in Serbia have been introduced via amendments to the provision related to the application of withholding tax. Article 40, paragraph 1, item 5 of the Law on Corporate Profit Tax regulates the taxation of services provided by foreign entities by subjecting them to withholding tax. It will apply as of April 1 2018.

A significant amount of developments have taken place in the past few years, writes Rose Boevé of EY Dutch Caribbean. This includes a surge in cryptocurrencies and in the accompanying regulatory playing field.

The European Commission is about to unveil its proposals for the EU's digital tax strategy. Major EU states like France and Germany want to take action now, but Ireland stands in their way.

For months, Congress promoted the tax reform effort as being focused on simplifying the outdated and complex 1986 Tax Code. Tax reform, culminating in H.R. 1, did no such thing, at least where it applies to multinational US corporations. Nowhere is this more apparent than in section 951A, the tax on global intangible low-taxed income, or ‘GILTI’. Erik Christenson, partner at Baker McKenzie, and Monte Silver, senior counsel at Eitan, Mehulal & Sadot explain.

On June 7 2017, Canada signed the OECD's Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which will affect more than 70 of Canada's existing tax treaties. With respect to treaty abuse, Canada has chosen to implement the minimum standard by adopting the principal purpose test (PPT) without adopting the simplified limitation of benefits. In addition, Canada filed a notification that it accepts the PPT as an interim measure and that it intends, where possible, to adopt a limitation-on-benefits provision, in addition to or to replace the PPT, through bilateral negotiations.

The first component of the UK’s HMRC Making Tax Digital (MTD) project, VAT compliance, goes live on April 1 2019. Corporation tax and income tax will follow in 2020 or later, writes Richard Asquith, vice president of global indirect tax at Avalara.

An amendment to Bulgaria's VAT Act has been adopted concerning the provision of supplies in stages. If an agreement for a supplier to deliver in stages specifies so, then each completed stage will be considered a separate supply. This amendment applies to the supply of services as well as to goods.

Employers in Switzerland are required to provide details on employee equity incentive holdings in a statement included with the annual Swiss salary certificate.