Offshore News Offshore News

Global tax news, continuously updated through the day.
  1. Hong Kong's 2020 Budget includes plans for a one-off reduction of profits tax, salaries tax, and tax under personal assessment.
  2. On February 19, 2020, the United States Internal Revenue Service announced that the leaders of the Joint Chiefs of Global Tax Enforcement recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead.
  3. The Irish Revenue has updated its guidance on Irish exit tax legislation to reflect changes introduced by Finance Act 2019.
  4. Caribbean territory Aruba has released instructions on the completion of transfer pricing documentation and released model templates for completion.
  5. New Zealand is to introduce GST on low-value goods sold by overseas retailers from December 1, 2019.
  6. 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.
  7. 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.
  8. The OECD on September 2, 2019, announced that Ecuador and Serbia have ratified the multilateral Convention on Mutual Administrative Assistance in Tax Matters.
  9. Two deadlines are approaching in Colombia for taxpayers wishing to take part in ongoing tax amnesties.
  10. 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.