Tax-News.com: Offshore News

Tax-News.com: Offshore News

Global tax news, continuously updated through the day.
  1. New Zealand's tax agency has urged overseas businesses who sell goods valued at NZD1,000 (USD629) or less to register for GST ahead of the December 1, 2019, deadline.
  2. The OECD has announced that the next Tax Talks webcast will be held on October 9. It will update stakeholders on its work to develop new international tax rules.
  3. The OECD on September 2, 2019, announced that Ecuador and Serbia have ratified the multilateral Convention on Mutual Administrative Assistance in Tax Matters.
  4. Two deadlines are approaching in Colombia for taxpayers wishing to take part in ongoing tax amnesties.
  5. The Australian Taxation Office has welcomed a significant ruling from Australia's High Court, which enables the tax agency to use information obtained from data leaks, even if leaked from a law firm.
  6. On August 5, 2019, the US Department of Justice announced that Swiss bank LLB Verwaltung (Switzerland) AG has agreed to pay a penalty of USD10.6m to resolve a case in which it was accused of helping US clients to conceal income.
  7. On July 19, 2019, the United States Internal Revenue Service Large Business and International Division announced six additional compliance campaigns.
  8. New Zealand's Inland Revenue has announced that those who buy and sell property will be required to provide their IRD number on land transfer documentation, to improve the agency's ability to enforce the tax rules on property speculation.
  9. During a webcast on June 11, the OECD provided a technical update on its work to develop new, modernized international tax rules for the digitalized economy.
  10. New Zealand's Finance and Expenditure Committee has recommended changes to legislation that would introduce a new requirement for offshore suppliers to collect GST on low-value goods supplied to New Zealand-based consumers.