Jan 29, 2010
Newly released Australian Consumer Price Index (CPI) figures show that the country’s inflation was 2.1 percent for the first two quarters of the current financial year, at the lower end of the Australian Reserve Bank’s (ARB) target spectrum. Although the relatively small inflation is gladly greeted by consumers across the country, ARB economist claim that [...]
Newly released Australian Consumer Price Index (CPI) figures show that the country’s inflation was 2.1 percent for the first two quarters of the current financial year, at the lower end of the Australian Reserve Bank’s (ARB) target spectrum.
Although the relatively small inflation is gladly greeted by consumers across the country, ARB economist claim that it is indicative of an economy that is not being fully utilized and has room for further growth. The newest figures, released on January 27th, represent a ... Read More
Jan 28, 2010
The South African Revenue Service (SARS) has announced that the 2009 year broke records in tax return efficiency, filing and improved compliance. In a media release the SARS announced that the 2009 tax season had set “phenomenal” new records. The number of tax returns submitted by the November 20th deadline rose by 26 percent, exceeding [...]
The South African Revenue Service (SARS) has announced that the 2009 year broke records in tax return efficiency, filing and improved compliance.
In a media release the SARS announced that the 2009 tax season had set “phenomenal” new records. The number of tax returns submitted by the November 20th deadline rose by 26 percent, exceeding 4 million for the first time. Individual tax return filing, including overdue 2008 returns, reached 3.9 million. Approximately 79 percent of individual tax payers filed their tax-returns ... Read More
Jan 27, 2010
Malta, Latvia, Lithuania and Hungary are scheduled to appear in front of the European Union Commission (EC) to determine whether the countries have undertaken enough suitable action to address their ailing financial situations. The meeting which was scheduled for January 27th, is part of the EC Excessive Deficit Procedure, initiated for all four countries when [...]
Malta, Latvia, Lithuania and Hungary are scheduled to appear in front of the European Union Commission (EC) to determine whether the countries have undertaken enough suitable action to address their ailing financial situations.
The meeting which was scheduled for January 27th, is part of the EC Excessive Deficit Procedure, initiated for all four countries when they posted national deficits that were considered to be too large. The procedure is aimed at determining whether each nation has taken adequate efforts to cut public spending ... Read More
Jan 26, 2010
The UK’s HM Revenue & Customs (HMRC) has published a pamphlet outlining new penalties for abuse of the Value Added Tax (VAT) and Excise system. On January 25th the HMRC made available a pamphlet outlining their new VAT and Excise Wrongdoing penalty system, which will be enacted on April 1st, 2010. The offenses listed within [...]
The UK’s HM Revenue & Customs (HMRC) has published a pamphlet outlining new penalties for abuse of the Value Added Tax (VAT) and Excise system.
On January 25th the HMRC made available a pamphlet outlining their new VAT and Excise Wrongdoing penalty system, which will be enacted on April 1st, 2010. The offenses listed within the pamphlet are: the issuance of an invoice with VAT which the issuer was not entitled to charge, handling of goods on which Excise Duty has not been ... Read More
