new Tax-News.com: EU Car Makers Fear Tax Hike For New Cars By www.tax-news.com Published On :: Wed, 2 Aug 2017 00:00:00 GMT European car manufacturers have called on governments to ensure that a new test for measuring vehicle emissions does not create tax distortions for new cars entering the market. Full Article
new Tax-News.com: Malta Launches Tax Breaks For Pension Contributions By www.tax-news.com Published On :: Mon, 11 Sep 2017 00:00:00 GMT Malta's Minister for Finance, Edward Scicluna, recently announced the launch of a number of fiscal incentives, which are intended to boost the take-up of voluntary private pensions. Full Article
new Tax-News.com: EU's PANA Committee Visits Switzerland By www.tax-news.com Published On :: Fri, 15 Sep 2017 00:00:00 GMT A delegation from the European Parliament's PANA Committee will travel to Switzerland to discuss the efforts being taken to combat money laundering, terrorist financing, and tax offences. Full Article
new Tax-News.com: EU VAT Gap Release Falls Ahead Of New Anti-Fraud Action By www.tax-news.com Published On :: Mon, 2 Oct 2017 00:00:00 GMT The European Union value-added tax gap – the overall difference between expected VAT revenue and actual EU member state collections – was EUR152bn in 2015, says the European Commission, highlighting the need for further reforms to tackle avoidance, error, and evasion. Full Article
new Tax-News.com: Malta Levels Tax On Debt, Equity Financing By www.tax-news.com Published On :: Tue, 17 Oct 2017 00:00:00 GMT Malta has enacted rules removing the bias in favor of debt financing by creating a notional interest deduction for equity financing. Full Article
new Tax-News.com: Malta To Establish Beneficial Ownership Register By www.tax-news.com Published On :: Fri, 27 Oct 2017 00:00:00 GMT Malta's Minister for Finance, Edward Scicluna, told delegates to a recent law conference at the Old University in Valletta that beneficial ownership regulations will be published in the coming weeks. Full Article
new Tax-News.com: Appleby Says Only Demonstrable Crime Is Of Data Theft By www.tax-news.com Published On :: Mon, 6 Nov 2017 00:00:00 GMT Appleby, the offshore law firm, has spoken out against recent media coverage, which implies but does not allege that there is wrongdoing in the papers recently exposed that include information on its clients' tax affairs. Full Article
new Tax-News.com: Report Published On Role Of Malta's Tax Collection Agencies By www.tax-news.com Published On :: Wed, 20 Dec 2017 00:00:00 GMT A new report has been issued following an audit into how taxes in Malta are administered. Full Article
new Tax-News.com: Maltese Tonnage Tax Scheme Approved By EU By www.tax-news.com Published On :: Wed, 20 Dec 2017 00:00:00 GMT Malta's tonnage tax scheme has been conditionally approved for a period of 10 years by the European Commission under EU state aid rules. Full Article
new Tax-News.com: EU's Tax Blacklist Lacks Legitimacy Without Transparency: MEPs By www.tax-news.com Published On :: Thu, 25 Jan 2018 00:00:00 GMT Greens/EFA members of the European Parliament have called on the EU Code of Conduct Group to be more transparent about the criteria it used to create the EU's new blacklist of non-cooperative territories and how it will manage it going forward. Full Article
new Tax-News.com: Bermuda Lists CbC Report Exchange Partners By www.tax-news.com Published On :: Wed, 7 Feb 2018 00:00:00 GMT The Bermuda Government on January 31, 2018, updated the lists of the countries with which it will exchange country-by-country reports filed in Bermuda in 2018 and in 2019. Full Article
new Tax-News.com: OECD Consults On Tackling Common Reporting Standard Circumvention By www.tax-news.com Published On :: Wed, 28 Feb 2018 00:00:00 GMT The OECD has recently launched a consultation on tackling the circumvention of its latest international tax transparency standard, the Common Reporting Standard, through the use by individuals of residency by investment (RBI), or citizenship by investment (CBI) schemes. Full Article
new Tax-News.com: EU Challenges Yacht VAT Avoidance In Three States By www.tax-news.com Published On :: Thu, 8 Mar 2018 00:00:00 GMT The European Commission has sent letters of formal notice to Cyprus, Greece, and Malta for not levying the correct amount of value-added tax on yachts. Full Article
new Tax-News.com: Advance Pricing Agreements 'At Record High' In EU By www.tax-news.com Published On :: Mon, 19 Mar 2018 00:00:00 GMT The number of advance pricing agreements between EU member states and companies rose by 64 percent from 2015 to 2016, according to research by Eurodad. Full Article
new Tax-News.com: Malta Backs EU Crackdown On Aggressive Tax Planning By www.tax-news.com Published On :: Tue, 20 Mar 2018 00:00:00 GMT Malta has reiterated its commitment to fighting aggressive tax planning, joining other EU member states who have unanimously agreed to amend the EU's tax information sharing law, the Directive on Administrative Cooperation. Full Article
new Tax-News.com: Malta Defers Electronic Corporate Tax Return Filing Deadlines By www.tax-news.com Published On :: Mon, 15 Apr 2019 00:00:00 GMT Malta's Commissioner for Revenue recently announced electronic filing deadline extensions for corporate income tax returns. Full Article
new Tax-News.com: Malta Adds To NID Guidelines By www.tax-news.com Published On :: Fri, 15 Nov 2019 00:00:00 GMT The Office of Malta's Commissioner for Revenue has updated guidelines in relation to the Notional Interest Deduction rules. Full Article
new Tax-News.com: Malta Updates Guidelines On Automatic Exchange Of Account Info By www.tax-news.com Published On :: Wed, 8 Jan 2020 00:00:00 GMT Malta's Commissioner for Revenue on January 2, 2020, issued a single set of guidelines on the automatic exchange of financial account information. Full Article
new Tax-News.com: IMF Recommends Tax Reforms For Malta By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT The IMF has said that Malta should look for ways to diversify its tax base and strengthen tax revenues. Full Article
new Tax-News.com: Maltese Tax Agency Rejecting Foreign Bank Drafts, Checks By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT On February 20, 2020, Malta's Commissioner for Revenue said tax payments by bank draft or check issued by foreign banks will no longer be accepted. Full Article
new Tax-News.com: Estonia Tops Tax Foundation's Tax Competitiveness Index By www.tax-news.com Published On :: Mon, 29 Oct 2018 00:00:00 GMT Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD." Full Article
new Tax-News.com: OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017 By www.tax-news.com Published On :: Fri, 7 Dec 2018 00:00:00 GMT Last year, the tax burden in OECD countries reached its highest level recorded, at 34.2 percent of gross domestic product, up 20 basis points on 2016, largely due to increasing taxes on personal consumption and companies. Full Article
new Tax-News.com: Belgium Reminds Traders Of Upcoming VAT Deadlines By www.tax-news.com Published On :: Fri, 14 Dec 2018 00:00:00 GMT The Belgian tax agency has issued a reminder to value-added tax-registered persons of their obligations to file VAT returns and pay VAT during the holiday season. Full Article
new Tax-News.com: Belgium Introduces Optional VAT On Property Leases By www.tax-news.com Published On :: Mon, 21 Jan 2019 00:00:00 GMT On January 10, 2018, the Belgian Ministry of Finance reminded taxpayers letting and leasing certain real estate that they can opt in to the value-added tax regime. Full Article
new Tax-News.com: Belgian Excess Profits Regime Not Unlawful Says EU Court By www.tax-news.com Published On :: Tue, 26 Feb 2019 00:00:00 GMT On February 14, 2019, the General Court of the European Union annulled the European Commission's decision that the Belgian tax regime relating to the excess profit of multinational companies is contrary to EU law. Full Article
new Tax-News.com: Belgian Cabinet Approves Brexit Tax Law By www.tax-news.com Published On :: Thu, 14 Mar 2019 00:00:00 GMT Belgium's Council of Ministers has approved a draft law that would temporarily treat the United Kingdom as a member of the European Union for Belgian tax purposes should the UK leave the EU having failed to agree any withdrawal arrangements. Full Article
new Tax-News.com: Belgium Begins Accepting Personal Income Tax Returns By www.tax-news.com Published On :: Fri, 10 May 2019 00:00:00 GMT On May 2, 2019, Belgium's finance ministry confirmed that the Tax-on-web portal has been opened for personal and corporate income tax returns for the 2019 fiscal year. Full Article
new Tax-News.com: Belgium Confirms CIT Filing Deadlines By www.tax-news.com Published On :: Tue, 21 May 2019 00:00:00 GMT Belgium's tax authority has announced corporate tax return filing deadlines for the 2019 tax year, with a concession for those with a deadline prior to September 26, 2019. Full Article
new Tax-News.com: Belgium Accepting Amendments To Filed CbC Reports By www.tax-news.com Published On :: Thu, 8 Aug 2019 00:00:00 GMT Belgium's tax agency has announced that its MyMinfin portal is now open for multinational taxpayers seeking to correct errors in filed country-by-country reports. Full Article
new Tax-News.com: OECD Releases Action 14 Peer Reviews For Six States By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT The OECD on August 13, 2019, released follow-up reports for Belgium, Canada, the Netherlands, Switzerland, the United Kingdom, and the United States on their efforts to implement BEPS recommendations on dispute resolution. Full Article
new Tax-News.com: Tax Agencies Meet To Discuss Use Of Big Data Analysis By www.tax-news.com Published On :: Fri, 18 Oct 2019 00:00:00 GMT Tax agencies from 31 countries discussed the ways they are using data analysis tools to improve tax enforcement and administration, at the first meeting of the IOTA Forum on Tax Debt Management, held in Prague, Czech Republic, On October 1-3, 2019. Full Article
new Tax-News.com: Ireland Had EU's Lowest Tax-To-GDP Burden In 2018: Eurostat By www.tax-news.com Published On :: Fri, 15 Nov 2019 00:00:00 GMT The overall tax burden in the European Union relative to GDP rose slightly in 2018, to 40.3 percent, the Eurostat has announced. Full Article
new Tax-News.com: Nine EU Finance Ministers Call For Green Tax On Aviation By www.tax-news.com Published On :: Tue, 26 Nov 2019 00:00:00 GMT Nine EU member states have called on the European Commission to draw up proposals for an EU-wide aviation tax. Full Article
new Tax-News.com: Germany Presents Text For EU Financial Transactions Tax By www.tax-news.com Published On :: Mon, 16 Dec 2019 00:00:00 GMT German Finance Minister Olaf Scholz has presented a final proposal for a European Union financial transactions tax to the 10 member states participating in the initiative. Full Article
new Tax-News.com: Belgium Requires Rounding For Cash Payments By www.tax-news.com Published On :: Mon, 16 Dec 2019 00:00:00 GMT On December 9, 2019, the Belgian Federal Public Finance Service reminded vendors that since December 1, 2019, they are required to round off cash payments to the nearest five cents. Full Article
new Tax-News.com: Belgium To Expedite VAT Refunds For Start-Ups By www.tax-news.com Published On :: Tue, 31 Dec 2019 00:00:00 GMT On December 18, 2019, the Belgian Federal Public Finance Service announced that start-up companies can request accelerated refunds of value-added tax credits from January 1, 2020. Full Article
new Tax-News.com: BEPS Changes Effective For UK-Belgium Double Tax Deal By www.tax-news.com Published On :: Wed, 15 Jan 2020 00:00:00 GMT The UK Government on January 10, 2020, released the synthesized text of the 1987 Belgium-UK double tax agreement, as modified by the BEPS multilateral instrument. Full Article
new Tax-News.com: Netherlands Sets Out 2020 Tax Treaty Goals By www.tax-news.com Published On :: Mon, 27 Jan 2020 00:00:00 GMT On January 20, 2020, the Dutch Ministry of Finance announced the list of countries with which the Netherlands intends to negotiate new or amended double tax treaties in 2020. Full Article
new Tax-News.com: EU Financial Transactions Tax Agreement Close, Says Scholz By www.tax-news.com Published On :: Mon, 27 Jan 2020 00:00:00 GMT German Finance Minister Olaf Scholz has said he is confident that an agreement can be reached on a European Union financial transactions tax. Full Article
new Tax-News.com: Many EU States Tardy In Adopting Anti-Tax Avoidance Directives By www.tax-news.com Published On :: Thu, 6 Feb 2020 00:00:00 GMT On January 24, 2020, the European Commission issued formal notices to numerous European Union member states with regards to lapses in the implementation of various EU anti-tax avoidance directives. Full Article
new Tax-News.com: EU Member States Slow To Implement VAT Quick Fixes By www.tax-news.com Published On :: Thu, 6 Feb 2020 00:00:00 GMT The European Commission has launched infringement proceedings against 14 member states for failing to implement the so-called value-added tax quick fixes. Full Article
new Tax-News.com: Belgium Urged To Pursue Lower Taxes On Labor By www.tax-news.com Published On :: Thu, 6 Feb 2020 00:00:00 GMT Belgium should continue to pursue structural reforms to its tax, labor, and pension systems, a new report from the OECD recommends. Full Article
new Tax-News.com: Austria Rejects German Financial Transactions Tax Plan By www.tax-news.com Published On :: Thu, 6 Feb 2020 00:00:00 GMT Austrian Chancellor Sebastian Kurz has said that Austria does not agree with new German proposals for a European financial transactions tax. Full Article
new Tax-News.com: Austria May Pull Out Of European Financial Transactions Tax Talks By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT On February 19, 2020, German Finance Minister Olaf Scholz issued a statement to say that he remains "committed" to the introduction of a financial transactions tax at European Union level along the same lines as that proposed by the German Government last month, despite opposition from within the EU, notably from Austria. Full Article
new Tax-News.com: IMF Proposes Reforms For Belgium By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT Belgium should look to broaden its tax base to fund labor tax reductions, the International Monetary Fund has said in its annual report for the country. Full Article
new Tax-News.com: Belgium Extends Deadlines In Light Of COVID-19 By www.tax-news.com Published On :: Mon, 30 Mar 2020 00:00:00 GMT On March 18, 2020, the Belgian tax authorities announced the postponement of various value-added tax filing and payment deadlines to support companies during the coronavirus crisis. Full Article
new Tax-News.com: Belgium Waiving VAT On COVID-19-Related Activities By www.tax-news.com Published On :: Mon, 30 Mar 2020 00:00:00 GMT On March 24, 2020, the Belgian tax authority announced value-added tax will not be levied on medical equipment donated to hospitals and healthcare facilities. Full Article
new Tax-News.com: Belgium To Expedite VAT Refunds For Firms Amid COVID-19 By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT On March 29, 2020, the Belgian tax authority announced that value-added tax refunds will be accelerated for all declarations relating to the month of February 2020. Full Article
new Tax-News.com: Belgium Announces COVID-19 Tax Measures By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT On April 3, 2020, the Belgian tax authority announced an increase in the credit available for timely advance tax payments to provide businesses and the self-employed a liquidity boost amid the COVID-19 crisis. Full Article
new Tax-News.com: COVID-19: Belgium Extends Corporate Tax Return Deadline By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT On April 29, 2020, the Belgian tax authority announced changes to the deadline for the submission of annual corporate tax declarations due to the COVID-19 crisis. Full Article