news Tax-News.com: Belt And Road Forum Agrees Digital Tax Admin Agenda By www.tax-news.com Published On :: Mon, 4 Oct 2021 00:00:00 GMT China has set out the priorities of the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM) Council over the next five years, at the 36-country grouping's second forum. Full Article
news Tax-News.com: EU Expands Investigation Into Dutch Taxation Of IKEA By www.tax-news.com Published On :: Fri, 15 May 2020 00:00:00 GMT The European Commission has extended the scope of its in-depth investigation into the Dutch tax treatment of Inter IKEA. Full Article
news Tax-News.com: COVID-19: Netherlands Relaxes Loss Carry Back Rules By www.tax-news.com Published On :: Fri, 15 May 2020 00:00:00 GMT The Dutch Ministry of Finance has announced that companies will be able to more quickly carry back losses they expect to make this year against profits made in 2019. Full Article
news Tax-News.com: Netherlands Mulling Tax System Overhaul By www.tax-news.com Published On :: Thu, 28 May 2020 00:00:00 GMT The Dutch Government has submitted a report to parliament which includes an extensive set of proposals intended to improve and "future-proof" the country's tax system. Full Article
news Tax-News.com: Netherlands Clarifies COVID-19 VAT Concessions By www.tax-news.com Published On :: Thu, 28 May 2020 00:00:00 GMT On May 25, 2020, the Dutch tax authority said that taxpayers receiving assessment notices for not submitting a value-added tax return on time can apply for a three-month filing extension. Full Article
news Tax-News.com: Netherlands To Restrict Excessive Borrowing From Own Companies By www.tax-news.com Published On :: Thu, 25 Jun 2020 00:00:00 GMT The Dutch Government has submitted a bill to parliament that will restrict the amount that shareholders can borrow from their own companies without the imposition of tax. Full Article
news Tax-News.com: EU Refers Netherlands To ECJ Over Beneficial Ownership Registry By www.tax-news.com Published On :: Fri, 10 Jul 2020 00:00:00 GMT The European Commission is taking action against the Netherlands for failing to fully implement the Fourth Anti-Money Laundering Directive in respect of the availability of information on entities' beneficial owners. Full Article
news Tax-News.com: COVID-19: Netherlands Clarifies Rules For Payment Of Deferred Tax Liabilities By www.tax-news.com Published On :: Mon, 7 Sep 2020 00:00:00 GMT The Dutch tax authority has issued a clarification of the repayment requirements for taxes deferred during the COVID-19 health crisis. Full Article
news Tax-News.com: Netherlands Invites Input On New Dividend Withholding Taxes By www.tax-news.com Published On :: Tue, 29 Sep 2020 00:00:00 GMT On September 25, 2020, the Dutch Ministry of Finance launched a consultation on plans to introduce a withholding tax on dividend payments to low-tax jurisdictions. Full Article
news Tax-News.com: Netherlands Allows More Time To Pay Frozen Tax Debts By www.tax-news.com Published On :: Mon, 5 Oct 2020 00:00:00 GMT The Dutch Government has announced that businesses may further delay payment of certain tax dues that were frozen in response to the COVID-19 pandemic. Full Article
news Tax-News.com: EU To Challenge Dutch Pension Tax Rules Before ECJ By www.tax-news.com Published On :: Tue, 10 Nov 2020 00:00:00 GMT The European Commission has referred the Netherlands to the Court of Justice for its rules on the cross-border transfer of pension capital and cross-border provision of pensions. Full Article
news Tax-News.com: Dutch-Polish DTA To Feature New BEPS, Pension Provisions By www.tax-news.com Published On :: Tue, 17 Nov 2020 00:00:00 GMT The Netherlands and Poland have agreed to make changes to their tax treaty, to add provisions to prevent tax base erosion and profit shifting (BEPS), and amend provisions relating to the taxation of pensions income. Full Article
news Tax-News.com: New Oversight Agency Planned For Dutch Tax Agencies By www.tax-news.com Published On :: Mon, 30 Nov 2020 00:00:00 GMT The Dutch Government is to establish a new supervisory body to improve oversight of the country's tax collecting agencies. Full Article
news Tax-News.com: Luxembourg Issues Guidance On DAC6 Tax Scheme Reporting By www.tax-news.com Published On :: Thu, 28 May 2020 00:00:00 GMT Luxembourg's Direct Tax Administration has issued guidance covering various aspects of the European Union sixth Directive on Administrative Cooperation, under which intermediaries are required to report cross-border tax planning arrangements. Full Article
news Tax-News.com: Luxembourg, Belgium Extend COVID-19 Cross-Border Worker Tax Deal By www.tax-news.com Published On :: Mon, 31 Aug 2020 00:00:00 GMT Luxembourg and Belgium will extend the duration of an agreement that clarifies the tax rules for cross-border workers affected by COVID-19 restrictions. Full Article
news Tax-News.com: Luxembourg Details BEPS Amendments To Swiss DTA By www.tax-news.com Published On :: Mon, 30 Nov 2020 00:00:00 GMT On November 17, 2020, Luxembourg's tax authority published Circular LG – Conv. DI no. 66, outlining the changes made by the BEPS multilateral instrument (BEPS MLI) to the double tax agreement in place with Switzerland. Full Article
news Tax-News.com: Hong Kong Lawmakers Endorse CIT Cut For Insurers By www.tax-news.com Published On :: Fri, 17 Jul 2020 00:00:00 GMT Hong Kong's Legislative Council has passed a bill to reduce the profits tax for certain insurance businesses. Full Article
news Tax-News.com: German Cabinet Approves COVID-19 VAT Cut For Catering By www.tax-news.com Published On :: Fri, 15 May 2020 00:00:00 GMT On May 6, 2020, the German Cabinet adopted the draft Coronavirus Tax Assistance Act, which provides for a temporary reduction in value-added tax on food served in catering outlets. Full Article
news Tax-News.com: COVID-19: Belgium, Germany Conclude Cross-Border Worker Agreement By www.tax-news.com Published On :: Fri, 15 May 2020 00:00:00 GMT On May 13, 2020, the Belgian tax authority announced that the competent authorities of Belgium and Germany have concluded an agreement which clarifies the tax situation of cross-border workers in the context of the COVID-19 health crisis. Full Article
news Tax-News.com: German Cabinet Agrees Hike To Carbon Taxes By www.tax-news.com Published On :: Thu, 28 May 2020 00:00:00 GMT On May 20, 2020, the German Cabinet agreed on new regulations that will set higher carbon prices from 2021 than those originally envisaged in the Government's Climate Protection Program, which was partially approved by parliament in November 2019. Full Article
news Tax-News.com: German Cabinet Approves COVID-19 Stimulus Package By www.tax-news.com Published On :: Thu, 25 Jun 2020 00:00:00 GMT A EUR130bn (USD148bn) fiscal stimulus package with numerous tax measures, intended to help revive the German economy following the COVID-19 pandemic, was approved by the Federal Cabinet on June 12, 2020. Full Article
news Tax-News.com: German Parliament Approves COVID-19 Tax Package By www.tax-news.com Published On :: Fri, 3 Jul 2020 00:00:00 GMT Both houses of the German parliament have now approved the EUR130bn (USD146bn) COVID-19 economic stimulus plan, which includes numerous tax relief measures. Full Article
news Tax-News.com: German EU Presidency Releases Tax Agenda By www.tax-news.com Published On :: Fri, 10 Jul 2020 00:00:00 GMT The newly instated German presidency of the European Union will focus on introducing internationally agreed tax rules for digital companies, according to the presidency's policy agenda. Full Article
news Tax-News.com: Germany Issues FAQs On Temporary VAT Cut By www.tax-news.com Published On :: Fri, 17 Jul 2020 00:00:00 GMT On July 16, 2020, the German Ministry of Finance posted answers to frequently asked questions on its website with regards to the temporary value-added tax cut. Full Article
news Tax-News.com: German Tax Payment Relief For Airports Approved By EU By www.tax-news.com Published On :: Fri, 21 Aug 2020 00:00:00 GMT The European Commission has approved a broader support package, proposed by authorities in Germany, for German airport operators. Full Article
news Tax-News.com: Germany Releases New VAT Manual For 2019/20 By www.tax-news.com Published On :: Mon, 7 Sep 2020 00:00:00 GMT On September 2, 2020, the German Ministry of Finance announced that the official value-added tax manual for 2019/20 has been published online. Full Article
news Tax-News.com: Netherlands, Germany Extend COVID-19 Frontier Worker Tax Deal By www.tax-news.com Published On :: Mon, 2 Nov 2020 00:00:00 GMT Germany and the Netherlands have agreed to extend the validity of an agreement clarifying the tax arrangements of frontier workers during the COVID-19 pandemic until December 31, 2020. Full Article
news Tax-News.com: Germany Gazettes Law To Ratify The BEPS MLI By www.tax-news.com Published On :: Thu, 10 Dec 2020 00:00:00 GMT Germany has completed the domestic ratification procedures necessary to soon notify the OECD of its intention to bring into effect the BEPS multilateral instrument (BEPS MLI) for its covered double tax treaties. Full Article
news Tax-News.com: Germany, Poland Agree COVID-19 Cross-Border Worker Tax Deal By www.tax-news.com Published On :: Tue, 22 Dec 2020 00:00:00 GMT Germany and Poland have concluded an agreement to provide relief to cross-border workers who have been affected by COVID-19 restrictions on movement. Full Article
news Tax-News.com: Germany, Pakistan Ratify The BEPS MLI By www.tax-news.com Published On :: Tue, 22 Dec 2020 00:00:00 GMT Germany and Pakistan have deposited their instrument of ratification with the OECD to bring into force the BEPS multilateral instrument for their networks of tax treaties. Full Article
news Tax-News.com: Singapore Explains Changes To 2021 Tax Filing Rules By www.tax-news.com Published On :: Wed, 3 Mar 2021 00:00:00 GMT The Inland Revenue Authority of Singapore has said that it will be sending tax bills directly to certain taxpayers this tax filing season and will be simplifying filing arrangements for the self-employed. Full Article
news Tax-News.com: Singapore Gazettes Legislation For 2021 Budget Changes By www.tax-news.com Published On :: Tue, 23 Nov 2021 00:00:00 GMT The Income Tax (Amendment) Bill 2021 was published in Singapore's Official Gazette on November 16, 2021, following approval earlier by Singapore's President. Full Article
news Tax-News.com: IRAS Updates GST Guidance On Impending Media Sales Changes By www.tax-news.com Published On :: Wed, 5 Jan 2022 00:00:00 GMT The Inland Revenue Authority of Singapore has released an update to its goods and services tax guide for the advertising industry. Full Article
news Tax-News.com: Singapore Adds To Guidance On ICAP Participation By www.tax-news.com Published On :: Mon, 21 Mar 2022 00:00:00 GMT The Inland Revenue Authority of Singapore (IRAS) has issued guidance for taxpayers on accessing the International Compliance Assurance Programme, a voluntary risk assessment and assurance program. Full Article
news Tax-News.com: Malaysia Updates Tax Guidance For Digital Services Providers By www.tax-news.com Published On :: Wed, 3 Mar 2021 00:00:00 GMT Malaysia has comprehensively updated its guidance on the requirement on foreign service providers to collect service tax on business-to-consumer supplies of digital services. Full Article
news Tax-News.com: International Organizations Tracking COVID-19 Policies By www.tax-news.com Published On :: Thu, 28 May 2020 00:00:00 GMT The International Monetary Fund has collated information on the tax and non-tax policy responses of some 193 jurisdictions to COVID-19. Full Article
news Tax-News.com: Czech Republic May Delay Digital Tax And Lower Rate By www.tax-news.com Published On :: Thu, 28 May 2020 00:00:00 GMT The Czech Government is considering whether to delay the introduction of a proposed tax on the provision of digital services and alter its design. Full Article
news Tax-News.com: Switzerland Unlikely To Need Tax Hikes In Response To COVID-19 By www.tax-news.com Published On :: Fri, 10 Jul 2020 00:00:00 GMT The Swiss Government is anticipating a shortfall in tax receipts of over CHF5bn in 2020. Full Article
news Tax-News.com: Singapore Launches Consultation On Income Tax Reforms By www.tax-news.com Published On :: Fri, 24 Jul 2020 00:00:00 GMT Singapore's Ministry of Finance has launched a public consultation on proposed corporate tax and income tax breaks. Full Article
news Tax-News.com: Germany To Provide Personal Income Tax Relief By www.tax-news.com Published On :: Fri, 31 Jul 2020 00:00:00 GMT On July 29, 2020, the German Federal Cabinet approved a draft tax law including personal income tax relief measures. Full Article
news Tax-News.com: Few Tax Changes In Guernsey's 2021 Budget By www.tax-news.com Published On :: Wed, 13 Jan 2021 00:00:00 GMT Guernsey announced no major tax changes to its tax regime in its 2021 Budget, released on November 17, 2020. Full Article
news Tax-News.com: EU Eyeing 2023 Start Date For DAC7 By www.tax-news.com Published On :: Thu, 10 Dec 2020 00:00:00 GMT The EU has agreed new rules that will see member states automatically exchange information on income earned by sellers on digital platforms from 2023. Full Article
news Tax-News.com: Netherlands To Introduce New Environmental Taxes By www.tax-news.com Published On :: Fri, 1 Jan 2021 00:00:00 GMT The Netherlands is to introduce a new tax on international flights starting on January 1, 2021. Full Article
news Tax-News.com: UAE To Allow Loans Secured By Movable Property By www.tax-news.com Published On :: Tue, 22 Sep 2020 00:00:00 GMT The United Arab Emirates has released a new law that would allow businesses to use movable property to secure bank and commercial loans. Full Article
news Tax-News.com: Guernsey Updates MAP Guidance By www.tax-news.com Published On :: Wed, 13 Jan 2021 00:00:00 GMT On November 17, 2020, Guernsey's Revenue Service released updated guidance on Mutual Agreement Procedure dispute resolution. Full Article
news Tax-News.com: BEPS MLI Enters Into Force For Cyprus, Saudi Arabia By www.tax-news.com Published On :: Fri, 15 May 2020 00:00:00 GMT The BEPS multilateral convention entered into force for treaties signed by Cyprus and Saudi Arabia on May 1, 2020. Full Article
news Tax-News.com: Cyprus Announces More COVID-19 Tax Breaks By www.tax-news.com Published On :: Thu, 25 Jun 2020 00:00:00 GMT The Government of Cyprus has announced a number of new tax support measures for businesses, including a value-added tax rate cut for tourism accommodation providers and restaurants. Full Article
news Tax-News.com: Russia To Terminate Cyprus Double Tax Agreement By www.tax-news.com Published On :: Fri, 7 Aug 2020 00:00:00 GMT The Russian Ministry of Finance has announced that it will seek to terminate the country's double tax agreement with Cyprus, after negotiations broke down on a revision to increase tax on cross-border dividends and interest income. Full Article
news Tax-News.com: Cyprus PIT Return Deadline Extended By www.tax-news.com Published On :: Mon, 2 Nov 2020 00:00:00 GMT Cyprus's Tax Department on October 20, 2020, announced an extension to the deadline for filing personal income tax returns and paying income tax for 2019. Full Article
news Tax-News.com: Cyprus To Cut VAT On Tourism Services By www.tax-news.com Published On :: Tue, 10 Nov 2020 00:00:00 GMT Cyprus's 2021 Budget includes a proposal to lower the VAT rate temporarily on tourism services. Full Article