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Tax-News.com: US Withdraws From International Digital Tax Talks

US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital companies at the OECD.




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Tax-News.com: US Announces Tariffs On French Goods In Response To DST

The Office of the US Trade Representative has announced that the US will impose additional duties of 25 percent on imports of certain French products from next year in response to the country's decision to introduce a digital services tax.




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Tax-News.com: UAE Issues Guide On E-Commerce VAT Obligations

The United Arab Emirates' Federal Tax Authority has released a new guide on the value-added tax rules for e-commerce and the digital economy.




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Tax-News.com: France To Collect Its Digital Services Tax This Year

French Minister of Finance Bruno Le Maire has reportedly said that France intends to collect the country's digital services tax in December 2020.




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Tax-News.com: UAE Clarifies VAT Rules For E-Commerce

The United Arab Emirates' Federal Tax Authority has clarified the value-added tax rules that apply to e-commerce transactions.




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Tax-News.com: Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report

The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce.




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Tax-News.com: Sweden To Probe E-Commerce And Rental Income Declarations

The Swedish tax authority has announced that it will be expending more resources this year on ensuring businesses fully declare income from e-commerce and taxpayers report income from home rentals.




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Tax-News.com: OECD Releases E-Commerce VAT Toolkit For Asia-Pac States

On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities.




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Tax-News.com: COVID-19: Ireland Eases Close Company Surcharge Rules

The Irish Revenue has announced the implementation of temporary measures in relation to the close company surcharge regime, in response to the coronavirus pandemic.




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Tax-News.com: Irish Businesses Seek Tax Support To Bounce Back From COVID-19

Irish business association Ibec has called for the establishment of a Commission on Taxation, as part of a package of measures to "reboot" the economy after the coronavirus pandemic.




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Tax-News.com: Ireland Releases Stamp Duty Guidance On Related-Party Transactions

The Irish Revenue has updated its guidance on stamp duty to clarify a number of issues related to the conditions for companies to avail themselves of associated companies relief.




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Tax-News.com: EU General Court Quashes Decision Against Apple Tax Rulings

Apple and the Irish Government have been successful in having overturned a European Commission decision that two tax rulings granted to the company by the Irish Government were unlawful.




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Tax-News.com: Ireland Issues Guide On Accelerated Loss Relief For Companies

The Irish Revenue has issued guidance for companies on the temporary acceleration of corporate tax loss relief for accounting periods affected by the COVID-19 pandemic and related restrictions.




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Tax-News.com: Ireland Lowers Headline VAT Rate

A temporary reduction in Ireland's standard rate of VAT entered into force on September 1, 2020.




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Tax-News.com: Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report

The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce.




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Tax-News.com: Bermuda Consults Industry On New Conduct Of Business Regime

The Bermuda Monetary Authority on December 15, 2020, released a new consultation paper on its proposal for a conduct of business regulatory regime to better protect retail investors.




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Tax-News.com: Irish VAT Rate Cut To Be Reversed In March

The Irish headline rate of VAT will return to 23 percent from March, having been temporarily reduced in response to the COVID-19 pandemic.




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Introducing Tirzepatide in India: A New Era in Diabetes Care

Recently, the Central Drugs Standard Control Organisation (CDSCO) in India approved Eli Lilly's medlinkTirzepatide/medlink, an active ingredient in




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New Nasal Spray Could Be a Breakthrough in Treating Brain Tuberculosis

For the first time, scientists have devised an innovative method to deliver tuberculosis (TB) (!--ref1--) medication directly to the brain through the nasal route.




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New Drug Rules and Regulations Boost Research to Global Standards

India's updated drug regulations have fostered a research environment that aligns with international standards, ensuring both scientific rigor and ethical considerations.




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PCOS: New Comprehensive Guidelines Offer Better Insight

Highlights: With the updated 2023 guideline, Australian physicians and reproductive health specialists offer better




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Combating Mosquito Transmitted Viruses: New Drug Targets Identified

Highlights: Several viral diseases are transmitted via mosquitoes that act as transmitters or vectors which transfe




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Shattering Notions of Infant Health: Rethinking RSV's Impact on Healthy Newborns

Highlights: Newborns seem safe from respiratory syncytial virus (RSV), but healthy infants can get severely sick




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Cervical Cancer Mortality Rate Drops by 63% With New WHO Guidelines

Highlights: Cervical cancer is caused by human papillomavirus (HPV) and is most prevalent among women in low- and m




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Tax-News.com: US Businesses Urge Against Starting A Digital Tax 'Trade War'

The United States Council for International Business has called on US authorities to focus its efforts on working with other countries to arrive at an international tax solution to the digitalized economy, rather than tackling countries' unilateral responses.




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Tax-News.com: UK Confirms Plans To Expand Making Tax Digital

The UK Government has announced plans to expand its Making Tax Digital project from 2022.




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Tax-News.com: France Publishes List Of Territories Exempt From CbC Local Filing

On July 20, 2020, the French Government published in the Official Gazette a decree to expand the list of jurisdictions exempt from local filing reporting requirements under the country's country-by-country reporting regime.




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Tax-News.com: UK Considering New Online Sales Tax

Alongside a review into the reform of the business rates system (commercial property tax) in the UK, the Government is looking at possible taxes that could replace or supplement the regime, including a new tax on online sales.




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Tax-News.com: EU To Amend VAT Rules For Trade With Northern Ireland

The European Commission has proposed changes to the EU's VAT rules in respect of Northern Ireland, in preparation for the end of the Brexit transition period with the UK.




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Tax-News.com: Unilever Concerned By Possible Dutch Exit Tax

Unilever may scrap plans to overhaul its company structure if an exit tax proposed by a Dutch opposition party is passed.




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Tax-News.com: UK Issues Final Loan Charge Guidance

The UK tax authority has published final guidance on the Loan Charge regime, following the enactment of amendments in the UK Finance Bill 2019-21.




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Tax-News.com: UK Treasury Rules Out Digital Tax Repeal

The UK Government has dismissed speculation that it will repeal its digital services tax in a bid to secure a post-Brexit free trade agreement with the United States.




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Tax-News.com: UK, Austria Sign Deal On Granting Tax Treaty Benefits

HM Revenue and Customs has announced that it is has agreed changes with authorities in Austria regarding how the two authorities will deal with requests for relief under the two countries' tax treaty.




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Tax-News.com: UK Reviewing VAT Group Rules

The UK Government has recently issued a call for evidence from UK VAT groups on future policy reform.




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Tax-News.com: EU Expecting COVID-19 Dent In 2020 VAT Collections

The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018.




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Tax-News.com: UK To Collect Interest On Overdue Digital Services Tax

The UK Government on September 16, 2020, tabled The Taxes (Interest Rate) (Amendment No. 2) Regulations 2020, which will enable HM Revenue and Customs to collect or pay interest on overpaid or underpaid digital services tax liabilities.




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Tax-News.com: UK Releases Construction VAT Reverse Charge Guidance

On September 24, 2020, HM Revenue and Customs released in-depth guidance on the introduction of the VAT reverse charge mechanism on the supply of building or construction services.




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Tax-News.com: UK Updates Brexit VAT Guidance For Imported Goods

On October 5, 2020, the UK tax authority added considerably to its Brexit guidance for businesses on the value-added tax rules that will apply to goods entering Great Britain from outside the UK.




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Tax-News.com: OECD Indicates New Focus On Virtual Currency Tax Issues

The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets.




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Tax-News.com: UK MPs Join Calls For Making Tax Digital Rethink

The UK's Public Accounts Committee has recommended that the UK tax authority first review the potential administrative burden and cost on taxpayers before further expanding its Making Tax Digital initiative.




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Tax-News.com: UK To Strengthen Insurance Premium Tax Rules

On November 5, 2020, HM Revenue and Customs issued a consultation on proposals to improve the administration of Insurance Premium Tax (IPT) and prevent unfair outcomes.




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Tax-News.com: UK May Double Capital Gains Tax Burden

More closely aligning UK capital gains tax (CGT) rates with income tax rates could raise significant revenues for the UK, a government-commissioned review has concluded.




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Tax-News.com: UK To Offer Expanded Annual Investment Allowance Until 2022

The UK Government has announced that the temporary GBP1m (USD1.31m) cap for the Annual Investment Allowance (AIA) will be extended until January 1, 2022.




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Tax-News.com: UK, Canada Sign Post-Brexit Continuity Trade Deal

Canada and the UK have announced the successful conclusion of negotiations on an interim trade agreement, which will be in place as they work toward a comprehensive post-Brexit free trade deal.




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Tax-News.com: UK Taxpayers May Arrange Payment Of Deferred VAT In 2021

HM Revenue and Customs has confirmed that UK businesses who wish to pay their deferred VAT liabilities in installments will be able to decide a payment schedule early next year.




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Tax-News.com: EU Seeking Sanctions Against UK Over Tax Rules On Marked Fuels

The EU has referred the UK to the Court of Justice over its failure to comply with EU rules on marked fuel.




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Tax-News.com: UK, Canada Sign Post Brexit Continuity Agreement

Canada and the UK have formally signed a post-Brexit trade continuity agreement that will apply from January 1, 2021.




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Tax-News.com: UK Eyeing VAT Rule Changes For Sharing Economy

The UK Government is inviting input on the tax challenges associated with the rise of the sharing economy.




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Tax-News.com: UK, Mexico Sign Continuity Trade Deal

On December 15, 2020, the UK and Mexico signed a trade continuity agreement that will apply when the Brexit transition period ends.




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Tax-News.com: Norway Issues VAT Regulation In Response To Brexit

Norway intends to provide value-added tax administrative relief measures to UK businesses in response to Brexit.