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Czech Prime Minister Proposes Bank Tax
The ruling Czech Social Democratic Party, led by Prime Minister Bohuslav Sobotka, will introduce a special tax on the countrys banks if it wins elections scheduled for later this year.
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South Korea Achieved Record Tax Revenues In 2016
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Proposed changes to Switzerlands corporate tax framework have been rejected in a referendum.
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The UAE has provided more details on plans to introduce VAT at a rate of 5 percent across the other Gulf Co-operation Council (GCC) member states on January 1, 2018.
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Two Major Projects from among the Projects Related to Resistance Economy are Followed Up in the Iranian National Tax Administration (INTA)
Iranian Tax News

Two Major Projects from among the Projects Related to Resistance Economy are Followed Up in the Iranian National Tax Administration (INTA)

<p class="MsoNormal" style="text-align:justify;text-justify:kashida;text-kashida:0%;line-height:normal;direction:ltr;unicode-bidi:embed"><span style="font-size: 10pt;">In the margin of his visit to the VAT affairs directorate generals in the city and province of Tehran, in a gathering of administrators, Hossein Bani Saffar addressed the topics and projects of resistance economy, and said: &quot;Among many economic projects, two major projects are related to the countrys National Tax Administration (INTA).&quot;</span></p> <p class="MsoNormal" style="margin-top:12.0pt;text-align:justify;text-justify:kashida;text-kashida:0%;line-height:normal;direction:ltr;unicode-bidi:embed"><o:p /></p> <p style="margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;text-align:justify;text-justify:kashida;text-kashida:0%">The first project is the implementation of the comprehensive tax plan, which is sought to be accelerated by the government, ministry, administration, and system. It has been two or three years since the comprehensive tax plan started sporadically as a pilot plan, and the Directorate General of Southern Tehran has implemented it in a centralized form in all of its relevant buildings. And everybody has definitely determined to let this project be completely implemented throughout the country until February.<o:p /></p> <p style="margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;text-align:justify;text-justify:kashida;text-kashida:0%">The three sources; jobs, legal entities, and VAT, have so far been loaded on this plan. What matters is that all the problems arising from the implementation of these three sources will soon be identified and resolved, so that by launching the Etax system in other departments, the ground can be prepared for the comprehensive plan to spread over the entire country.<o:p /></p> <p style="margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;text-align:justify;text-justify:kashida;text-kashida:0%">While referring to the VAT project, Head of Tehran City and Province Tax Affairs said: &quot;This project has taken good steps, and the seventh stage taxpayers have currently been summoned.&quot;<o:p /></p> <p style="margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;text-align:justify;text-justify:kashida;text-kashida:0%">In this regard, Hossein Bani Saffar added: &quot;The amendment of the VAT law are seriously being reviewed and compiled in the organization, and God willing, it will soon be sent to the relevant authorities and parliament for approval.&quot;<o:p /></p> <p style="margin-top:0in;margin-right:0in;margin-bottom:8.0pt;margin-left:0in;text-align:justify;text-justify:kashida;text-kashida:0%">The member of Tehran Provinces headquarter of resistance economy added: &quot;Development of the VAT system and implementation of mechanized cash registers are among the major strategies to fight the entry of contraband, and with our colleagues helping and performing their tasks on time, these two projects will accurately, precisely, and timely be implemented.&quot; Good actions have been taken in this regard in the VAT affairs directorate generals, and it is worthwhile to thank and appreciate the efforts of our respected colleagues.<span style="font-size: 13pt;"><o:p /></span></p>

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