news

Tax-News.com: Cyprus Announces More VAT Payment Flexibility

Cyprus's tax agency has released a number of statements regarding further value-added tax payment concessions for companies financially impacted by the COVID-19 pandemic.




news

Tax-News.com: Cyprus Extends Deadlines For CbC Reports

Cyprus's Tax Department has announced an extension to the reporting deadline for country-by-country reports for the year 2019 and notifications for the year 2020.




news

Tax-News.com: Cyprus Allows Firms Longer To Pay VAT Due In Feb, March

Cyprus's Department of Taxation has announced businesses will be allowed more time to make their monthly value-added tax payments for the periods ending December 31, 2020, and January 31, 2021.




news

Tax-News.com: Cyprus Extends Deadline For Filing 2019 Corporate Tax Returns

Cyprus has extended the deadline for the submission of corporate tax returns and the TD1A form required from certain self-employed persons.




news

Tax-News.com: COVID-19: Malta Extends Corporate Tax Return E-Filing Deadline

Malta's Commissioner for Revenue has announced extensions to deadlines for the electronic filing of income tax returns by companies.




news

Tax-News.com: Malta Explains COVID-19 Tax Impact For The Self-Employed

Malta's Commissioner for Revenue has released tax-related guidance for self-employed taxpayers receiving the COVID wage supplement.




news

Tax-News.com: Malta Adds To Online Tax Services For VAT, PAYE

Malta's Commissioner for Revenue announced on June 1, 2020, that it has launched five new online forms for businesses regarding payroll taxes and value-added tax.




news

Tax-News.com: COVID-19: Malta Extends DAC6 Reporting Due Dates

Malta has announced its decision to defer reporting under the EU's sixth Directive on Administrative Cooperation, on tax schemes, for six months.




news

Tax-News.com: Malta Extends Individual Tax Deadlines

Malta's Commissioner for Revenue has extended the deadline for submitting income tax returns.




news

Tax-News.com: Switzerland Adds BEPS Provisions To Three Treaties

Switzerland has signed protocols to its double taxation agreements with Cyprus, Liechtenstein, and Malta to implement minimum standards developed as part of the OECD's BEPS project.




news

Tax-News.com: Malta, Luxembourg Agree To Russian DTA Changes

The Russian Government has disclosed that both Luxembourg and Malta have agreed to change their double tax agreement with Russia to increase withholding tax rates on cross-border dividends and interest income.




news

Tax-News.com: Cyprus, Russia Reach Double Tax Agreement Compromise

Russia and Cyprus have announced that they have resolved a dispute concerning the two countries' double tax agreement.




news

Tax-News.com: Russia Turns Sights To Switzerland, Hong Kong Treaties

Russia's double tax agreements with Hong Kong and Switzerland are next on the radar for authorities in Russia, who are seeking to ensure the country can subject to at least 15 percent withholding tax outbound dividends and interest payments.




news

Tax-News.com: Malta Extends Deadline To Establish Fiscal Unity

Malta's Commissioner for Revenue has announced an extension to the deadline for applying for fiscal unity for the 2020 year of assessment.




news

Tax-News.com: Malta Releases Guidance On EU Anti-Tax Avoidance Directives

Malta's Commissioner for Revenue on August 31, 2020, published guidelines on domestic regulations to implement the EU's Anti-Tax Avoidance Directives.




news

Tax-News.com: Cyprus, Russia Agree Tax Hike On Cross-Border Dividends, Interest

Russia's Ministry of Finance has announced that it signed a Protocol to amend its double tax agreement with Cyprus on September 8, 2020.




news

Tax-News.com: Russia's Cabinet Approves Maltese DTA Amendments

Russia's Government has approved wording for a draft Protocol that it will seek to conclude with Malta, to revise their double tax agreement to increase withholding tax rates at source for cross-border dividends and interest income.




news

Tax-News.com: Russia, Malta Sign Double Tax Agreement Protocol

The Russian Government has announced the signing of a double tax Protocol with Malta, to increase the amount of tax that Russia may collect at source on cross-border payments of dividends and interest to 15 percent.




news

Tax-News.com: Malta Expands Fiscal Unity Guidelines

Malta's tax agency has announced that it has expanded its guidance on the territory's Fiscal Unity regime, to clarify technical matters in relation to the Consolidated Group (Income Tax) Rules.




news

Tax-News.com: Malta Releases 2021 Budget

Malta's 2021 Budget, announced on October 19, 2020, included tax breaks for individuals and an increase to the VAT registration threshold.




news

Tax-News.com: Malta To Continue To Apply EUR20,000 VAT Registration Threshold

Malta has received approval from EU authorities to extend its heightened value-added tax registration threshold for certain suppliers of services.




news

Tax-News.com: Maltese Corporate Tax Return Filing Deadline Extended

Malta's Commissioner for Revenue has announced an extension to the corporate tax filing deadline for businesses whose tax year is the calendar year.




news

Tax-News.com: Netherlands, Russia At Loggerheads Over DTA Revision

Russia's Ministry of Finance has said it is prepared to terminate the Dutch tax agreement if ongoing negotiations fail.




news

Tax-News.com: Malta Amends VAT Registration Thresholds

Malta has published The Value Added Tax Act (Amendment of Sixth Schedule) (Amendment No. 2) Regulations, 2020, which makes changes to the thresholds for VAT registration as a small undertaking.




news

Tax-News.com: Malta Releases Corporate Income Tax Returns

Malta's Commissioner for Revenue has released year of assessment 2021 electronic income tax returns for companies.




news

Tax-News.com: Jersey Launches Individual Tax Season

The Jersey Government has announced that islanders can now file their 2020 tax return and has issued advice to Prior Year Basis (PYB) taxpayers that have been moved to the Current Year Basis (CYB) for paying income tax.




news

Tax-News.com: Hong Kong Again Slashes Interest On Early Tax Payments

The Hong Kong Inland Revenue Department has announced a further reduction to the interest rate payable on Tax Reserve Certificates.




news

Tax-News.com: EFTA States' Tax Rulings Receive The All-Clear

The EFTA Surveillance Authority has closed its investigations into the tax ruling practices of Iceland, Liechtenstein, and Norway, without finding any evidence of state aid infringements.




news

Tax-News.com: Hong Kong Explains COVID-19 Reliefs For Tax Debtors

Hong Kong's Inland Revenue Department has explained COVID-19 tax concessions available for taxpayers struggling to pay their tax dues and has highlighted upcoming property tax obligations.




news

Tax-News.com: BVI Says New Global Tax Rules Should Appreciate Offshore IFCs

The British Virgin Islands Government has released a statement expressing concerns on the proposals being discussed by the OECD to establish modernized rules for the digitalized economy, including a minimum global corporate tax rate.




news

Tax-News.com: Colombia Enacts Decree To Support Struggling Firms

The Colombian Government has issued Decree 939 of August 19, 2021, which enables the tax agency to revise an assessment for potentially viable companies that are facing insolvency, where doing so may save the company and jobs.




news

Tax-News.com: Singapore To Allow Taxpayers Longer To Report TP Adjustments

The Singaporean Government has announced it will amend provisions on transfer pricing adjustments in the draft Income Tax (Amendment) Bill 2021, which includes measures announced in the 2021 Budget, following a consultation.




news

Tax-News.com: France Announces COVID-19 Tax Support For Wine Industry

On May 11, 2020, the French Government presented a COVID-19-related economic support package targeted at the nation's wine industry, which includes relief from social contributions.




news

Tax-News.com: COVID-19: Belgium And France Clarify Tax For Cross-Border Workers

On May 15, 2020, the competent authorities of Belgium and France concluded an agreement which clarifies the tax situation of cross-border workers in the context of the COVID-19 health crisis.




news

Tax-News.com: France Provides SMEs With More COVID-19 Tax Relief Measures

The French Government has presented to the Council of Ministers a third amendment to the Finance Bill for 2020, which provides additional support for businesses affected by the COVID-19 outbreak.




news

Tax-News.com: Belgium Extends COVID-19 Cross-Border Worker Tax Deals

Belgium has extended agreements with France, Germany, Luxembourg, and the Netherlands clarifying the tax rules for frontier workers working from home due to COVID-19.




news

Tax-News.com: France Clarifies Eligibility For COVID-19 Property Tax Reliefs

The French Government has listed the businesses that may exceptionally benefit from a two-thirds reduction in local property tax.




news

Tax-News.com: France Launches COVID-19 Tax Settlement Scheme For SMEs

France's General Directorate of Public Finance has launched a scheme that allows small companies to request a specific settlement plan for the payment of their taxes.




news

Tax-News.com: France Expands COVID-19 Tourism Sector Support Scheme

The French Government is extending its COVID-19 financial support package for the tourism sector to various additional business types.




news

Tax-News.com: France, Luxembourg Extend Cross-Border Worker Tax Deal

Luxembourg and France have agreed to extend an agreement that eases tax residency rules for cross-border workers affected by COVID-19 restrictions.




news

Tax-News.com: France Extends COVID-19 Tax Deals For Cross-Border Workers

The French Ministry of Finance confirmed on August 31, 2020, that several tax agreements applying to cross-border workers during the COVID-19 crisis have been extended.




news

Tax-News.com: France Planning EUR20bn In Business Tax Cuts

The French Government has announced proposals to cut taxes on production by EUR20bn (USD23.7bn) in 2021 and 2022.




news

Tax-News.com: France Enhances COVID-19 Tax-Free Bonus Scheme

The French tax authority has announced that it will modify and extend a scheme that allows employers to pay workers tax-free bonuses.




news

Tax-News.com: France Lowers Threshold For Tourist VAT Refunds

France has cut the amount that tourists must spend to claim back the VAT on their purchases.




news

Tax-News.com: France To Cut Business Taxes

French Minister of Finance Bruno Le Maire presented the 2021 Finance Bill to parliament on September 28, 2020, which includes provisions to reduced taxes on production and plans to reduce the corporate tax rate next year.




news

Tax-News.com: France Allowing Companies Three More Months To Pay Property Tax

France has extended the October 15 property tax payment deadline for businesses affected by measures to contain COVID-19.




news

Tax-News.com: Burkina Faso Ratifies The BEPS MLI

African state Burkina Faso has ratified the BEPS multilateral instrument, to make changes to its double tax agreements to counter tax base erosion and profit shifting (BEPS).




news

Tax-News.com: France Proposes Additional COVID-19 Support Measures

In two recent speeches, French Finance Minister Bruno Le Maire has outlined plans to extend COVID-19 supports for French businesses.




news

Tax-News.com: France Hikes VAT Due On Yacht Charters

The French tax authority has confirmed new rules regarding the calculation of VAT on pleasure yacht charters.




news

Tax-News.com: French Legislature Considering 2021 Finance Bill

France's Senate is considering the country's 2021 Finance Bill, following approval in late November by the National Assembly.