.com

Tax-News.com: Switzerland, India To Share Tax Data, Conclude FTA

Officials from Switzerland and India have discussed the automatic exchange of tax information and free trade.




.com

Tax-News.com: Indian GST Council Endorses GST Rate Changes For Housing

India's GST Council has decided on a number of goods and services tax regime amendments to boost the availability of affordable housing in the country.




.com

Tax-News.com: Indian GST Regime Changes Effective April 1

A number of goods and services tax regime amendments, intended to simplify compliance for traders, will become effective in India from April 1, 2019.




.com

Tax-News.com: India Finalizes Details Of New Real Estate GST Regime

India's GST Council has put flesh on the bones of its plans to introduce a new goods and services tax regime for real-estate transactions.




.com

Tax-News.com: India Introduced GST Changes On April 1

A number of goods and services tax regime amendments, intended to simplify compliance for traders, became effective in India from April 1, 2019.




.com

Tax-News.com: India Consults On Unitary Taxation Proposals

India's Central Board of Direct Taxes has launched a new consultation on proposals to amend Article 7 of India's double tax treaties on permanent establishment, and rule 10 in the Income Tax Rules, 1962, to establish a formula to bring within the charge to Indian tax a proportion of profits of a multinational deemed to have a significant digital presence in India. The country is considering using a formulary apportionment approach, akin to that proposed under the EU's Common Corporate Tax Base initiative.




.com

Tax-News.com: India's GST Council Agrees Overhaul Of GST Returns

During its 35th meeting, India's GST Council approved changes to GST filing requirements and deadlines, and approved the introduction of an electronic invoicing system,




.com

Tax-News.com: India Gazettes Law For Budget Tax Changes

India has published in its Official Gazette legislation to give effect to tax announcements in the 2019-20 Budget.




.com

Tax-News.com: India Seeking To Bury Legacy Indirect Tax Disputes This Year

India will launch its legacy dispute scheme starting September 1, 2019.




.com

Tax-News.com: India Again Extends Deadline For 2017-18 Annual GST Return

India has again extended the due date for furnishing the annual GST return and reconciliation statement for the 2017-18 fiscal year.




.com

Tax-News.com: Indian Banks To Begin Withholding Tax On Large Cash Withdrawals

As of September 1, 2019, India introduced an obligation for tax to be deducted at source at a two percent rate if a taxpayer's cash withdrawals totaled INR10m (USD138,350) or more in the previous year.




.com

Tax-News.com: India Sets Arm's Length 'Tolerable Range' For 2019-20

India's Ministry of Finance has released a new Notification that sets the "tolerable range" for arm's length dealings.




.com

Tax-News.com: India Announces 22pc Corporate Tax Rate

The Indian Government on September 20, 2019, announced that it will reduce the rate of corporate tax to 22 percent, from 30 percent. New domestic manufacturing ventures will benefit from a 15 percent rate.




.com

Tax-News.com: Indian GST Council Approves Changes To Filing Rules, Rates

India's GST Council agreed a number of changes to the country's goods and services tax regime, at its meeting on September 20, 2019.




.com

Tax-News.com: Indian Authorities To Collaborate On Tackling GST Refund Fraud

Local authorities in India have been instructed to draw up lists of taxpayers that have filed fraudulent or potentially fraudulent requests for input tax credits and where appropriate share this information with other state authorities.




.com

Tax-News.com: Netherlands To Improve Employee Allowance Scheme

The Dutch Ministry of Finance announced on February 1, 2019, that the work-related costs scheme will be improved from 2020.




.com

Tax-News.com: Dutch Beneficial Ownership Register Effective 2020

The Dutch Government has confirmed that a registry of ultimate beneficial owners of companies will enter into force in the Netherlands from January 2020.




.com

Tax-News.com: Switzerland, Netherlands Amend Double Tax Pact

Switzerland and the Netherlands have signed a protocol to their double tax agreement that will bring it into line with international standards.




.com

Tax-News.com: Starbucks' Dutch Tax Ruling Vindicated By EU General Court

On the same day the Court ruled against Fiat's appeal, the EU General Court has decided that Starbucks was not in fact granted a selective tax advantage in a Dutch tax ruling, contrary to a European Commission conclusion.




.com

Tax-News.com: Dutch Pension Tax Rules Under Fire From The EU Commission

The European Commission has asked the Netherlands to amend taxation rules that it says amount to obstacles to the cross-border transfer of pensions.




.com

Tax-News.com: Traders Must Use New Dutch VAT ID Numbers From 2020

From January 1, 2020, sole proprietors in the Netherlands will be required to use new value-added tax identification numbers.




.com

Tax-News.com: Netherlands-UK Synthesized Double Tax Agreement Text Released

The UK Government on January 6, 2020, released the synthesized text of the 2008 Netherlands-UK double tax agreement, as modified by the BEPS multilateral instrument.




.com

Tax-News.com: Netherlands To Split Tax Agency

On January 11, 2020, Dutch Minister of Finance Wopke Hoekstra informed the House of Representatives about the Government's plans to restructure the tax authorities.




.com

Tax-News.com: Netherlands Postpones Tax Deadline For Small Traders

The Dutch Ministry of Finance has announced that around 24,000 small traders will be able to defer their wage tax declarations this year due to problems with the Government's new online portal for businesses.




.com

Tax-News.com: Netherlands Adopts COVID-19 Economic Relief Package

On March 17, 2020, the Dutch Ministry of Finance announced that the Government has adopted a package of measures intended to protect the economy from the coronavirus epidemic, including several tax changes.




.com

Tax-News.com: UK May Lower Air Duty On Northern Ireland Flights

The UK Conservative Party has agreed to consider reducing the rate of Air Passenger Duty for airports in Northern Ireland after agreeing a coalition government with the Northern Ireland's Democratic Unionist Party party.




.com

Tax-News.com: New Tax Treaties Key To Aircraft Leasing Growth In Hong Kong, Says Report

The Hong Kong Financial Services Development Council has released a report calling for the Government to expand its tax treaty network, in particular with countries that have growing aviation industries.




.com

Tax-News.com: EU Approves Irish Air Tax Exemption

The European Commission has concluded that an exemption for transfer and transit passengers from the Irish air travel tax was in line with EU state aid rules.




.com

Tax-News.com: New Irish PM Looking For Brexit Solutions

Irish Prime Minister Leo Varadkar has suggested that there could be an EU-UK customs union after Brexit.




.com

Tax-News.com: EU, Switzerland To Link Emissions Trading Systems

The European Commission and the Swiss Federal Council have each approved proposals to link their emissions trading systems, meaning formal signature of a new agreement could take place by the end of the year.




.com

Tax-News.com: German Air Passenger Tax Under Fire From Economy Minister

German Economy Minister Brigitte Zypries has said that Germany's air passenger tax is damaging the country's aviation industry and should be scrapped.




.com

Tax-News.com: WTO Affirms Decision In Boeing Subsidy Case

The WTO's Dispute Settlement Body has formally endorsed the Appellate Body's decision to reverse a previous panel ruling that a tax break provided by Washington State to Boeing is a prohibited subsidy.




.com

Tax-News.com: Dutch Tax Changes Confirmed In Coalition Agreement

A number of proposed tax changes intended to boost Dutch competitiveness and combat tax avoidance have been included in the official agreement between the four parties forming the next Government of the Netherlands.




.com

Tax-News.com: EU MEPs Back New Direction For Taxing Aviation's Emissions

Members of the European Parliament have preliminarily agreed to continue with the aviation industry's current treatment under the EU's emissions trading scheme to allow for the development of a new industry-specific carbon tax arrangement.




.com

Tax-News.com: Abolishing Aviation Tax Would Boost German Economy, Says Report

A new study by PwC has concluded that abolishing Germany's flight ticket tax would provide a substantial boost to the German economy.




.com

Tax-News.com: EU Approves Linking With Swiss Emissions Trading Scheme

The European Council on November 10 authorized the signing of an agreement with Switzerland to link their emissions trading systems.




.com

Tax-News.com: Fall-off Noted In German Environmental Tax Burden

Environmental tax revenue as a percentage of Germany's overall tax take has fallen to its lowest level in more than 20 years, according to the country's statistical agency.




.com

Tax-News.com: Indonesia Increases Airport Tax

Indonesia is to hike its air departure tax for Soekarno-Hatta Airport, by far the country's busiest, from March 1.




.com

Tax-News.com: Sweden Introduces Flight Tax

An environmental tax on air travel was introduced in Sweden on April 1, 2018.




.com

Tax-News.com: Tax Regime Overhaul Announced In Barbados

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.




.com

Tax-News.com: Netherlands Ponders New Aviation Tax

The Dutch Government has begun a public consultation exercise on plans to introduce a new tax on air travel by 2021.




.com

Tax-News.com: Switzerland Consults On Linking With EU Emissions System

The Swiss Federal Council is consulting on proposed changes to the CO2 Ordinance, which would link the Swiss and EU emissions trading systems.




.com

Tax-News.com: Netherlands Announces 2019 Fiscal Agenda

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.




.com

Tax-News.com: Indonesia To Seek VAT From Overseas E-Services Providers

Indonesia's Ministry of Finance is preparing a legislative response to ensure the collection of VAT on electronically supplied services to Indonesian consumers.




.com

Tax-News.com: New EC President Announces Plans For EU Carbon Border Tax

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.




.com

Tax-News.com: Switzerland, EU To Link Emissions Trading Systems

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.




.com

Tax-News.com: Austria Announces Personal Income Tax Cuts

The Austrian Ministry of Finance has announced its decision to proceed with personal income tax cuts.




.com

Tax-News.com: Turkey Props Up Airlines Impacted By COVID-19 With VAT Relief

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.




.com

Tax-News.com: France, Luxembourg Sign New Tax Treaty

A new tax treaty incorporating the latest international tax standards was signed by France and Luxembourg on March 20.




.com

Tax-News.com: HMRC Changes Position On VAT On Cost-Sharing Groups

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.