news Tax-News.com: Sweden Introduces Flight Tax By www.tax-news.com Published On :: Wed, 4 Apr 2018 00:00:00 GMT An environmental tax on air travel was introduced in Sweden on April 1, 2018. Full Article
news Tax-News.com: Tax Regime Overhaul Announced In Barbados By www.tax-news.com Published On :: Thu, 14 Jun 2018 00:00:00 GMT Barbados's new government has issued a new Budget that would raise corporate and income tax rates, repeal the National Social Responsibility Levy and road tax and make other value-added tax and levy changes. Full Article
news Tax-News.com: Netherlands Ponders New Aviation Tax By www.tax-news.com Published On :: Mon, 16 Jul 2018 00:00:00 GMT The Dutch Government has begun a public consultation exercise on plans to introduce a new tax on air travel by 2021. Full Article
news Tax-News.com: Switzerland Consults On Linking With EU Emissions System By www.tax-news.com Published On :: Tue, 26 Mar 2019 00:00:00 GMT The Swiss Federal Council is consulting on proposed changes to the CO2 Ordinance, which would link the Swiss and EU emissions trading systems. Full Article
news Tax-News.com: Netherlands Announces 2019 Fiscal Agenda By www.tax-news.com Published On :: Fri, 31 May 2019 00:00:00 GMT On May 28, 2019, Dutch State Secretary for Finance Menno Snel issued an update on the Government's 2019 fiscal agenda, which includes an outline of tax legislative proposals that the Government intends to submit to parliament in the remainder of the year. Full Article
news Tax-News.com: Indonesia To Seek VAT From Overseas E-Services Providers By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT Indonesia's Ministry of Finance is preparing a legislative response to ensure the collection of VAT on electronically supplied services to Indonesian consumers. Full Article
news Tax-News.com: New EC President Announces Plans For EU Carbon Border Tax By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT The newly elected President of the European Commission, Ursula von der Leyen, who was formerly Germany's defense minister, has proposed the introduction of a new Carbon Border Tax, which would be included in a new "Green Deal for Europe" she has promised to deliver within her first 100 days in office. Full Article
news Tax-News.com: Switzerland, EU To Link Emissions Trading Systems By www.tax-news.com Published On :: Fri, 15 Nov 2019 00:00:00 GMT Switzerland and the EU are to link their emissions trading systems from next year, after the Swiss Federal Council approved revisions to the country's Ordinance on the Reduction of CO2 Emissions. Full Article
news Tax-News.com: Austria Announces Personal Income Tax Cuts By www.tax-news.com Published On :: Thu, 6 Feb 2020 00:00:00 GMT The Austrian Ministry of Finance has announced its decision to proceed with personal income tax cuts. Full Article
news Tax-News.com: Turkey Props Up Airlines Impacted By COVID-19 With VAT Relief By www.tax-news.com Published On :: Mon, 30 Mar 2020 00:00:00 GMT On March 23, 2020, the Turkish Government published a resolution in the official gazette to temporarily reduce the rate of VAT on air passenger transport to one percent. Full Article
news Tax-News.com: France, Luxembourg Sign New Tax Treaty By www.tax-news.com Published On :: Thu, 22 Mar 2018 00:00:00 GMT A new tax treaty incorporating the latest international tax standards was signed by France and Luxembourg on March 20. Full Article
news Tax-News.com: HMRC Changes Position On VAT On Cost-Sharing Groups By www.tax-news.com Published On :: Thu, 22 Mar 2018 00:00:00 GMT The UK tax agency, HM Revenue and Customs, has released new guidance on its policies concerning cost-sharing groups following rulings from the European Court of Justice on their VAT treatment. Full Article
news Tax-News.com: Luxembourg Vulnerable To International Tax Developments, Says IMF By www.tax-news.com Published On :: Wed, 4 Apr 2018 00:00:00 GMT International tax developments could have a negative impact on Luxembourg's tax revenues and economy, the International Monetary Fund has said in its latest Luxembourg country report. Full Article
news Tax-News.com: OECD Personal Tax Burden Crept Higher Still In 2017 By www.tax-news.com Published On :: Fri, 27 Apr 2018 00:00:00 GMT Belgium, Denmark, and Germany have the highest personal income tax burdens, at over 35 percent, among OECD countries, according to the latest OECD Taxing Wages report, which says that just over half of countries made small increases to their average personal tax rates last year. Full Article
news Tax-News.com: Luxembourg Gazettes New IP Box Regime By www.tax-news.com Published On :: Fri, 27 Apr 2018 00:00:00 GMT The Government of Luxembourg has published in its Official Gazette the law for the introduction of the new intellectual property tax regime. Full Article
news Tax-News.com: Luxembourg Introduces New VAT Group Regime By www.tax-news.com Published On :: Thu, 9 Aug 2018 00:00:00 GMT Bill of law no. 7278, providing for the implementation of new value-added tax grouping rules in Luxembourg, entered into force on July 31, 2018. The bill was approved by parliament on July 26. Full Article
news Tax-News.com: Luxembourg Adopts Anti-Tax Avoidance Law By www.tax-news.com Published On :: Fri, 21 Dec 2018 00:00:00 GMT On December 18, 2018, Luxembourg's parliament approved legislation that will implement the European Union Anti-Tax Avoidance Directive. Full Article
news Tax-News.com: Luxembourg Ratifies BEPS Multilateral Instrument By www.tax-news.com Published On :: Mon, 15 Apr 2019 00:00:00 GMT Enhancements to Luxembourg's network of double tax agreements to mitigate base erosion and profit shifting will become effective from August 1, 2019. Full Article
news Tax-News.com: Luxembourg Ministers Endorse EU VAT 'Quick Fixes' By www.tax-news.com Published On :: Wed, 5 Jun 2019 00:00:00 GMT Luxembourg's Government Council, comprising government ministers, has approved legislative changes to the territory's VAT regime to introduce the four quick fixes to improve the functioning of VAT rules in the European Union. Full Article
news Tax-News.com: Luxembourg Publishes Guidance On New IP Tax Breaks By www.tax-news.com Published On :: Tue, 16 Jul 2019 00:00:00 GMT The Luxembourg direct tax administration has published a circular including comprehensive guidance for the recently introduced changes to the special tax regime for intellectual property income. Full Article
news Tax-News.com: Luxembourg Submits Anti-Hybrid Mismatch Law By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT On August 8, 2019, the Government of Luxembourg submitted to parliament draft law to implement the requirements of the second European Union Anti-Tax Avoidance Directive (ATAD 2), which tackles hybrid mismatch arrangements. Full Article
news Tax-News.com: EU Court Upholds Commission's Fiat Tax Ruling Decision By www.tax-news.com Published On :: Fri, 27 Sep 2019 00:00:00 GMT The EU General Court has dismissed an appeal brought against the European Commission's decision that a tax ruling granted by Luxembourg to Fiat Chrysler Finance Europe was unlawful. Full Article
news Tax-News.com: OECD Reports On Countries' Tax Reforms In 2016 By www.tax-news.com Published On :: Wed, 13 Sep 2017 00:00:00 GMT On September 13, the OECD launched a substantial report on the tax policy reforms implemented last year by advanced nations. Full Article
news Tax-News.com: SARS Hails Tax Amnesty Scheme Success By www.tax-news.com Published On :: Thu, 12 Oct 2017 00:00:00 GMT Over 2,000 taxpayers made use of South Africa's Special Voluntary Disclosure Programme, which closed on August 31, 2017, the South African Revenue Service said October 10. Full Article
news Tax-News.com: African Countries' Tax Bases Expanding, New Report Says By www.tax-news.com Published On :: Wed, 18 Oct 2017 00:00:00 GMT African countries are steadily improving their tax revenue collections, according to Revenue Statistics in Africa 2017, a new report released recently at a meeting of tax and finance officials from 21 African countries. Full Article
news Tax-News.com: South African Tax Man Stresses Integrity Of Tax Refund System By www.tax-news.com Published On :: Mon, 6 Nov 2017 00:00:00 GMT The South African Revenue Service announced on October 30 that it had paid over ZAR120bn (USD8.4bn) in refunds across all tax types in the last seven months, from the beginning of April of the tax season to date. Full Article
news Tax-News.com: South Africa To Launch Inquiry Into Tax Revenue Shortfall By www.tax-news.com Published On :: Wed, 8 Nov 2017 00:00:00 GMT South Africa is to launch an inquiry into the reasons behind a shortfall in tax revenue collections. Full Article
news Tax-News.com: All African States To Sign A Continental FTA In March By www.tax-news.com Published On :: Thu, 7 Dec 2017 00:00:00 GMT The United States Economic Commission for Africa says African countries are gearing up to sign the African Continental Free Trade Area Agreement, with a key deadline this month being hit with an agreement among ministers. Full Article
news Tax-News.com: South African Tax Agency Reports On Tax Trends By www.tax-news.com Published On :: Mon, 18 Dec 2017 00:00:00 GMT The South African Revenue Service has released the 2017 edition of its Tax Statistics report, looking at the agency's performance over the 2013 to 2016 tax years. Full Article
news Tax-News.com: South African Tax Debts Due By January 31 Deadline By www.tax-news.com Published On :: Mon, 22 Jan 2018 00:00:00 GMT The South African Revenue Service has reminded taxpayers that individual tax payment is required by January 31, 2018. Full Article
news Tax-News.com: South Africa Guides On Impact Of April VAT Hike By www.tax-news.com Published On :: Wed, 28 Feb 2018 00:00:00 GMT South Africa has issued a guide on the value-added tax rate increase to 15 percent from 14 percent due to take effect from April 1, 2018. Full Article
news Tax-News.com: SARS Announces Temporary Relief From New CFC Reporting Rules By www.tax-news.com Published On :: Fri, 16 Mar 2018 00:00:00 GMT The South African Revenue Service has announced that it will temporarily permit taxpayers to report information on controlled foreign corporations under the old filing rules, which were replaced in February. Full Article
news Tax-News.com: South Africa To Increase VAT On April 1 By www.tax-news.com Published On :: Mon, 26 Mar 2018 00:00:00 GMT On April 1, 2018, South Africa will raise its value-added tax rate to 15 percent from 14 percent. Full Article
news Tax-News.com: African States Conclude Landmark Free Trade Deal By www.tax-news.com Published On :: Wed, 28 Mar 2018 00:00:00 GMT 44 African countries have signed a landmark free trade pact to simplify tax and non-tax rules for trading between their borders. Full Article
news Tax-News.com: South Africa Increases VAT Rate To 15 Percent By www.tax-news.com Published On :: Mon, 2 Apr 2018 00:00:00 GMT On April 1, 2018, South Africa increased its value-added tax rate to 15 percent from 14 percent. Full Article
news Tax-News.com: SARS Sets Out Expectations On Virtual Currency Tax Compliance By www.tax-news.com Published On :: Fri, 6 Apr 2018 00:00:00 GMT The South African Revenue Service on April 6, 2018, warned taxpayers that they are expected to declare cryptocurrency gains or losses in calculating their taxable income. Full Article
news Tax-News.com: OECD Urges International Tax Reform Of Savings, Investments By www.tax-news.com Published On :: Fri, 13 Apr 2018 00:00:00 GMT "While countries do not necessarily need to tax savings more, there is a lot of room to improve the way countries tax savings," according to Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration. Full Article
news Tax-News.com: South Africa Launches VAT Zero Rate Review By www.tax-news.com Published On :: Fri, 27 Apr 2018 00:00:00 GMT Having increased the headline value-added tax rate to 15 percent from 14 percent on April 1, South Africa has appointed a panel to consider a review of the list of food items subject to the zero rate. Full Article
news Tax-News.com: South Africa Invites Comment On VAT Zero-Rate Review By www.tax-news.com Published On :: Fri, 11 May 2018 00:00:00 GMT South Africa's National Treasury is inviting the public to contribute to a review of the list of items zero-rated for value-added tax purposes. Full Article
news Tax-News.com: South Africa Drops Paper Forms To Encourage E-Filiing By www.tax-news.com Published On :: Mon, 16 Jul 2018 00:00:00 GMT The South African Revenue Service has removed certain paper forms from its branches in an attempt to encourage more taxpayers to file tax returns electronically. Full Article
news Tax-News.com: Swiss Gov't Approves BEPS Multilateral Instrument By www.tax-news.com Published On :: Fri, 21 Sep 2018 00:00:00 GMT The Swiss Federal Council has approved an OECD multilateral convention designed to prevent BEPS-related abuse of the international tax treaty system. Full Article
news Tax-News.com: African Continental FTA To Enter Into Force By www.tax-news.com Published On :: Fri, 10 May 2019 00:00:00 GMT The African Continental Free Trade Agreement will enter into force on May 30, 2019, after Sierra Leone and the Sahrawi Republic deposited their instruments of ratification of the agreement. Full Article
news Tax-News.com: Tax Experts Have Helped Developing Countries Net USD500m In Tax By www.tax-news.com Published On :: Fri, 27 Sep 2019 00:00:00 GMT The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilization, says the annual report for the initiative Tax Inspectors Without Borders. Full Article
news Tax-News.com: South Africa Launches Large Business Center By www.tax-news.com Published On :: Mon, 28 Oct 2019 00:00:00 GMT On October 23, 2019, the Commissioner of the South African Revenue Service launched the re-established Large Business Centre, which aims to bring about higher levels of voluntary tax compliance among large taxpayers. Full Article
news Tax-News.com: Germany Approves VAT Cut For E-Books By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT The German Cabinet has approved a proposal to reduce the rate of value-added tax on electronic publications. The rate is expected to drop from January 1, 2020. Full Article
news Tax-News.com: Germany To Cut Corporate Tax For SMEs By www.tax-news.com Published On :: Thu, 29 Aug 2019 00:00:00 GMT On August 29, 2019, German Economy Minister Peter Altmaier announced the outlines of a plan to reduce the tax and regulatory burden on small and medium-sized companies in Germany. Full Article
news Tax-News.com: German Government Approves Climate Plan By www.tax-news.com Published On :: Fri, 4 Oct 2019 00:00:00 GMT On October 1, 2019, the German Federal Cabinet approved financing of EUR54bn (USD59bn) for the Climate Protection Program 2030, which includes the introduction of carbon pricing, as well as other tax measures intended to encourage the use of cleaner forms of transport. Full Article
news Tax-News.com: Switzerland Sends 2019 Taxpayer Data Under CRS By www.tax-news.com Published On :: Fri, 11 Oct 2019 00:00:00 GMT Switzerland's Federal Tax Administration has announced the exchange of information on millions of financial accounts with 75 partner countries. Full Article
news Tax-News.com: Germany To Launch Special Anti-Tax Fraud Unit By www.tax-news.com Published On :: Tue, 26 Nov 2019 00:00:00 GMT On November 18, 2019, the German Ministry of Finance published a question and answer section on its website to clarify the role of a new special unit within the tax authority designed to detect cases of tax fraud more quickly. Full Article
news Tax-News.com: German Lawmakers Reject VAT Cut On Rail Fares By www.tax-news.com Published On :: Fri, 6 Dec 2019 00:00:00 GMT The upper house of the German parliament, the Bundesrat, has rejected certain tax elements of the Government's climate protection plan, including a reduction in value-added tax on long-distance rail travel. Full Article