Malaysia: Updates to the 2018 Special Voluntary Disclosure Programme

In our previous client alert published in November 2018, we covered the 2018 special voluntary disclosure programme ("SVDP") which was announced during the Budget...

Common Reporting Standard: Potential Impacts on Financial Institutions in Thailand and Residents

Snapshot: The happeningsThailand has committed to new global regimes on exchanges of financial information among multiple jurisdictions by joining the Global Forum on Transparency...

New Property Tax in Thailand

On 16 November 2018, the National Legislative Assembly ("NLA") passed the Land and Building Tax Act ("Act") after lengthy deliberation by the committees involved....

Ukraine Initiates Taxation of Crypto Assets

On 19 September 2018, the Verkhovna Rada (Ukrainian Parliament) published a draft law setting out the principal rules for taxation of transactions involving virtual...

End of US Offshore Voluntary Disclosure Program

The US Internal Revenue Service announced that it will end the 2014 Offshore Voluntary Disclosure Program on September 28, 2018.

Nafta In Play-The State of Play Following the Sixth Round of Negotiations

We summarized the key issues discussed at the sixth round of the NAFTA 2.0 negotiations which was concluded on January 29 in Montreal.

UK: The Failure to Prevent Tax Evasion Offence – What Needs to be Done

Although firms will not be expected to have completed all aspects of implementation by 30 September, firms must move quickly to complete initial steps including risk assessments and implementation plans.

Reminder of Dutch CBCR Compliance Requirements

CBCR legislation has been effective in many countries starting from 1 January 2016. In the Netherlands this deadline was extended for the first year to 1 September 2017. Groups with a reporting year that ends after 31 August 2017 will not have an extended deadline for this notification.

Norway – Recent Tax Developments

Norway proposed amendments to the interest deduction limitations and revised the national budget which impacted tax and VAT.

New UK Corporate Criminal Offence: Failure to Prevent Facilitation of Tax Evasion

HMRC is on a mission to eradicate offshore tax evasion and revolutionise international tax transparency. Already the UK is party to a series of tax information exchange agreements with countries both within and outside the European Union.

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