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Tax-News.com: Luxembourg Ratifies BEPS Multilateral Instrument

Enhancements to Luxembourg's network of double tax agreements to mitigate base erosion and profit shifting will become effective from August 1, 2019.




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Tax-News.com: Luxembourg Ministers Endorse EU VAT 'Quick Fixes'

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.




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Tax-News.com: Luxembourg Publishes Guidance On New IP Tax Breaks

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.




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Tax-News.com: Luxembourg Submits Anti-Hybrid Mismatch Law

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.




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Tax-News.com: EU Court Upholds Commission's Fiat Tax Ruling Decision

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.




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Tax-News.com: OECD Reports On Countries' Tax Reforms In 2016

On September 13, the OECD launched a substantial report on the tax policy reforms implemented last year by advanced nations.




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Tax-News.com: SARS Hails Tax Amnesty Scheme Success

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.




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Tax-News.com: African Countries' Tax Bases Expanding, New Report Says

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.




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Tax-News.com: South African Tax Man Stresses Integrity Of Tax Refund System

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.




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Tax-News.com: South Africa To Launch Inquiry Into Tax Revenue Shortfall

South Africa is to launch an inquiry into the reasons behind a shortfall in tax revenue collections.




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Tax-News.com: All African States To Sign A Continental FTA In March

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.




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Tax-News.com: South African Tax Agency Reports On Tax Trends

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.




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Tax-News.com: South African Tax Debts Due By January 31 Deadline

The South African Revenue Service has reminded taxpayers that individual tax payment is required by January 31, 2018.




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Tax-News.com: South Africa Guides On Impact Of April VAT Hike

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.




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Tax-News.com: SARS Announces Temporary Relief From New CFC Reporting Rules

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.




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Tax-News.com: South Africa To Increase VAT On April 1

On April 1, 2018, South Africa will raise its value-added tax rate to 15 percent from 14 percent.




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Tax-News.com: African States Conclude Landmark Free Trade Deal

44 African countries have signed a landmark free trade pact to simplify tax and non-tax rules for trading between their borders.




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Tax-News.com: South Africa Increases VAT Rate To 15 Percent

On April 1, 2018, South Africa increased its value-added tax rate to 15 percent from 14 percent.




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Tax-News.com: SARS Sets Out Expectations On Virtual Currency Tax Compliance

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.




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Tax-News.com: OECD Urges International Tax Reform Of Savings, Investments

"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.




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Tax-News.com: South Africa Launches VAT Zero Rate Review

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.




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Tax-News.com: South Africa Invites Comment On VAT Zero-Rate Review

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.




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Tax-News.com: South Africa Drops Paper Forms To Encourage E-Filiing

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.




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Tax-News.com: Swiss Gov't Approves BEPS Multilateral Instrument

The Swiss Federal Council has approved an OECD multilateral convention designed to prevent BEPS-related abuse of the international tax treaty system.




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Tax-News.com: African Continental FTA To Enter Into Force

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.




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Tax-News.com: Tax Experts Have Helped Developing Countries Net USD500m In Tax

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.




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Tax-News.com: South Africa Launches Large Business Center

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.




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Reliance Jio introduces new annual work-from-home plan, some add-on plans, get all details

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.




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Tax-News.com: Germany Approves VAT Cut For E-Books

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.




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Tax-News.com: Germany To Cut Corporate Tax For SMEs

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.




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Tax-News.com: German Government Approves Climate Plan

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.




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Tax-News.com: Switzerland Sends 2019 Taxpayer Data Under CRS

Switzerland's Federal Tax Administration has announced the exchange of information on millions of financial accounts with 75 partner countries.




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Tax-News.com: Germany To Launch Special Anti-Tax Fraud Unit

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.




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Tax-News.com: German Lawmakers Reject VAT Cut On Rail Fares

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.




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Tax-News.com: German Lawmakers Agree Climate Package

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.




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Tax-News.com: Switzerland Simplifies Process For German WHT Refunds

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.




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100 days of coronavirus in India: 1 new case in Kerala in 24 hours; 1st infection on Jan 30, says CM Vijayan

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




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Tax-News.com: Nautilus Welcomes Progress On Maritime Labour Convention Amendment

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.




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Tax-News.com: Inmarsat Hails Progress Towards Truly Global Internet

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.




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Tax-News.com: Container Shipping Lines Offer Pricing Policy Shake-up

The European Commission has invited comments on commitments offered by fifteen container liner shipping companies to address concerns raised relating to concerted practices.




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Tax-News.com: London On-Water Boat Show To Open In May

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."




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Tax-News.com: Dutch Ports Appeal Against EU Tax Ruling

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.




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Tax-News.com: EFTA Signs FTA With The Philippines

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.




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Tax-News.com: Norway's Tax Refunds For Ship Owners Approved

The European Free Trade Association Surveillance Authority has approved a Norwegian state aid scheme which grants tax refunds to ship owners.




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Tax-News.com: EFTA States Conclude Georgia FTA, Begin Ecuador Talks

The member states of the European Free Trade Association signed a free trade agreement with Georgia during a meeting on June 27, 2016.




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Tax-News.com: Hong Kong, Russia DTA Enters Into Force

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.




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Tax-News.com: EFTA Approves Norwegian Tonnage Tax Extension

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.




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Tax-News.com: Seychelles Issues Final Ruling On Expenses Deduction

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.




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Tax-News.com: EFTA Approves Eco Tax Incentives For Norwegian Ships

The European Free Trade Association Surveillance Authority has approved a tax-based state aid scheme aimed at reducing maritime transport pollution in Norway.




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Tax-News.com: South Africa Consults On Diesel Fuel Tax Refund Overhaul

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.