new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new 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
new Reliance Jio introduces new annual work-from-home plan, some add-on plans, get all details By www.businesstoday.in Published On :: Sat, 09 May 2020 07:03:33 GMT Jio has introduced an annual work-from-home annual plan for Rs 2399 that gives its users 2GB daily data. It has also brought in three work-from-home add-on plans. Full Article
new 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
new 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
new 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
new 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
new 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
new 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
new Tax-News.com: German Lawmakers Agree Climate Package By www.tax-news.com Published On :: Mon, 23 Dec 2019 00:00:00 GMT On December 18, 2019, the mediation committee of the lower and upper houses of the German parliament (Bundestag and Bundesrat) announced an agreement on the Government's climate legislation, which includes several tax measures. Full Article
new Tax-News.com: Switzerland Simplifies Process For German WHT Refunds By www.tax-news.com Published On :: Wed, 15 Jan 2020 00:00:00 GMT The Swiss Government has said that from January 31, individuals and legal entitles domiciled in Germany will be able to use an online Swiss application to request a refund of Swiss withholding tax. Full Article
new 100 days of coronavirus in India: 1 new case in Kerala in 24 hours; 1st infection on Jan 30, says CM Vijayan By www.businesstoday.in Published On :: Sat, 09 May 2020 11:21:40 GMT Kerala coronavirus cases: With May 8 being the 100th day of COVID-19 outbreak in India, Kerala reported only one new case in 24 hours, state CM Pinarayi Vijayan said on Friday Full Article
new Tax-News.com: Nautilus Welcomes Progress On Maritime Labour Convention Amendment By www.tax-news.com Published On :: Mon, 29 Feb 2016 00:00:00 GMT Nautilus, an international trade union for maritime workers, has welcomed the outcome of top-level talks on updates to the Maritime Labour Convention to include measures to address bullying and harassment and to safeguard seafarers' wages when they are held captive. Full Article
new Tax-News.com: Inmarsat Hails Progress Towards Truly Global Internet By www.tax-news.com Published On :: Mon, 29 Feb 2016 00:00:00 GMT Inmarsat, together with Global Marine Networks and Network Innovations, announced on February 22 that the trial of Fleet Xpress in Antartic waters was a success. The service – the world's first globally available high-speed broadband service from a single network operator – was installed on board the adventure cruise ship Ocean Nova. Full Article
new Tax-News.com: Container Shipping Lines Offer Pricing Policy Shake-up By www.tax-news.com Published On :: Mon, 29 Feb 2016 00:00:00 GMT The European Commission has invited comments on commitments offered by fifteen container liner shipping companies to address concerns raised relating to concerted practices. Full Article
new Tax-News.com: London On-Water Boat Show To Open In May By www.tax-news.com Published On :: Mon, 29 Feb 2016 00:00:00 GMT The organizers of last year's St Katharine Docks On-Water Exhibition have announced that they are planning an event this year, on May 4-7, that will be double the size of last year's, renamed as "The London On-Water Yacht and Boat Show." Full Article
new Tax-News.com: Dutch Ports Appeal Against EU Tax Ruling By www.tax-news.com Published On :: Wed, 30 Mar 2016 00:00:00 GMT The European Commission's ruling directing the Government of the Netherlands to repeal corporate tax exemptions benefiting six seaports will be appealed by the ports in question. Full Article
new Tax-News.com: EFTA Signs FTA With The Philippines By www.tax-news.com Published On :: Thu, 28 Apr 2016 00:00:00 GMT Representatives of the European Free Trade Association - Iceland, Liechtenstein, Norway, and Switzerland - and the Philippines signed a free trade agreement in the Swiss capital of Bern on April 28. Full Article
new Tax-News.com: Norway's Tax Refunds For Ship Owners Approved By www.tax-news.com Published On :: Fri, 29 Apr 2016 00:00:00 GMT The European Free Trade Association Surveillance Authority has approved a Norwegian state aid scheme which grants tax refunds to ship owners. Full Article
new Tax-News.com: EFTA States Conclude Georgia FTA, Begin Ecuador Talks By www.tax-news.com Published On :: Mon, 4 Jul 2016 00:00:00 GMT The member states of the European Free Trade Association signed a free trade agreement with Georgia during a meeting on June 27, 2016. Full Article
new Tax-News.com: Hong Kong, Russia DTA Enters Into Force By www.tax-news.com Published On :: Fri, 5 Aug 2016 00:00:00 GMT The comprehensive double taxation agreement between Hong Kong and Russia, which was signed in January this year, entered into force on July 29, 2016, and will be in effect in Hong Kong for any year of assessment beginning on or after April 1, 2017. Full Article
new Tax-News.com: EFTA Approves Norwegian Tonnage Tax Extension By www.tax-news.com Published On :: Mon, 14 Nov 2016 00:00:00 GMT The European Free Trade Association Surveillance Authority has approved a six-month extension of the current Norwegian special tax system for shipping under the area's state aid rules. Full Article
new Tax-News.com: Seychelles Issues Final Ruling On Expenses Deduction By www.tax-news.com Published On :: Thu, 24 Nov 2016 00:00:00 GMT The Seychelles Revenue Commission has issued its final Public Ruling 2016-2 to provide clarity regarding the methodology used to calculate the additional special business tax deduction allowed for marketing and promotion expenditure. Full Article
new Tax-News.com: EFTA Approves Eco Tax Incentives For Norwegian Ships By www.tax-news.com Published On :: Fri, 2 Dec 2016 00:00:00 GMT The European Free Trade Association Surveillance Authority has approved a tax-based state aid scheme aimed at reducing maritime transport pollution in Norway. Full Article
new Tax-News.com: South Africa Consults On Diesel Fuel Tax Refund Overhaul By www.tax-news.com Published On :: Thu, 16 Feb 2017 00:00:00 GMT The South African National Treasury has issued a discussion paper on a new diesel tax refund system, reviewing its administration and addressing anomalies related to its qualifying activities and beneficiaries. Full Article