On October 4, 2017, the Internal Revenue Service provided relief to residents of Puerto Rico and the US Virgin Islands who evacuated or could not return because of Hurricane Irma or Hurricane Maria.
On September 30, 2017, a new law came into effect making it easier for UK regulatory authorities to directly prosecute companies for failing to prevent tax evasion.
Parliament has passed the European Union (Withdrawal) Bill.
Since their introduction, tribunal fees have been under scrutiny in the UK, particularly as being perceived as discriminatory against women.
Under existing tax rules, foreign subsidiaries of Taiwan companies may retain their overseas profits outside of Taiwan by not repatriating the profits back to Taiwan.
The Taiwan National Tax Bureau recently began tax audit activities of representative offices in Taiwan.
Effective September 1, 2017, Peruvian law amended tax legislation to exempt exports of services from value-added tax (VAT). Pursuant to Peruvian VAT law, exports of services are deemed to be exempted from VAT provided all the following conditions are met:
A decree was published granting tax incentives to taxpayers with a tax domicile, branch or other establishment located in the zones affected by the September 19 earthquake.
On October 6, 2017, the Goods and Services Tax Council recommended changes to ease the burden of GST compliance on small and medium businesses.
Employers with a headcount under 20 are now able to negotiate a collective bargaining agreement.
Since the end of August 2017, if an employee with over two years of service takes their employer to court for unfair dismissal, the damages awarded will now be capped at three months’ salary.
On September 21, 2017, the European Commission (EC) released a paper on the fair taxation of the digital economy.