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Tax-News.com: Cyprus Should Reinstate Immovable Property Tax: IMF

Cyprus should consider reinstating the immovably property tax to boost revenues, the International Monetary Fund has said.




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Tax-News.com: Cyprus, Saudi Arabia Negotiate Double Tax Agreement

Cyprus's Ministry of Finance says the island has signed a double tax agreement with Saudi Arabia with respect to taxes on income and for the prevention of tax evasion.




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Tax-News.com: New Cypriot E-Payment Obligation From June 2018

Cyprus's Department of Taxation said recently that it will accept only electronic payment for the main tax heads from June 1, 2018.




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Tax-News.com: French Workers In 'Third Countries' Liable For Social Security

Income from assets of French nationals who work in a state other than a member state of the EU, the European Economic Area or Switzerland may be subject to French social security contributions, the European Court of Justice has ruled.




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Tax-News.com: Denmark Tops Tax Burden League Table

Denmark was found to have the heaviest burden of taxation as a percentage of the economy in a new study by accountancy firm UHY.




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Tax-News.com: At UN General Assembly, OECD Urges Global Carbon Tax Action

Three years on from the commitments made at the 2015 United Nations Climate Change Conference (COP21) in Paris, the overwhelming majority of governments have not taken the necessary action to contain growing risks to the climate, says the OECD. It said, with emissions on the rise again, OECD governments need to get serious about shifting their economies to a low-carbon model and stop investing in carbon-intensive infrastructure.




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Rivaroxaban Better in Preventing Blood Clots After Ortho Surgeries

Rivaroxaban lowers the chance of serious thromboembolism more in people recovering from orthopedic surgery requiring immobilization compared to Enoxaparin,




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Diabetes Drugs Protect Against Serious Kidney Problems

Sodium glucose cotransporter 2 (SGLT2) inhibitors which are primarily used to treat type 2 diabetes were found to lower the risk of serious kidney problems, revealed study published in The BMJ.




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Blood Thinners Help Improve Survival Among Hospitalized COVID-19 Patients

In treating hospitalized COVID-19 patients, anticoagulants or blood thinners help improve their chances of survival, reported Mount Sinai COVID Informatics Center researchers.




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Tax-News.com: Italy Publishes Annual VAT Return In English

On March 4, 2020, the Italian tax authority published English language versions of the annual value-added tax form for 2020, together with instructions.




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Tax-News.com: EFTA And Mercosur Blocs Conclude Free Trade Deal

The European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland) and the Mercosur group of countries (Argentina, Brazil, Paraguay, and Uruguay) concluded in substance a broad-based free trade agreement at the tenth round of negotiations from August 20 to 23, 2019.




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Tax-News.com: Indonesia Tables Legislation For Comprehensive Tax Reform

Indonesia has reportedly tabled draft legislation in the House of Representatives to make wide-ranging changes to the tax system, including lowering the corporate tax rate and modernizing rules for digital economy players.




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Tax-News.com: Sweden To Make Marketplaces Liable For Evaded VAT

On June 28, 2019, the Swedish Government announced that it has begun the legislative process to implement European Union e-commerce value-added tax reforms.




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Tax-News.com: Czech Republic Drafts Digital Services Tax Law

On September 5, 2019, the Government of the Czech Republic received from the Ministry of Finance draft legislation for the introduction of a temporary digital services tax, which was first announced in April 2019.




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Tax-News.com: Austria Publishes Digital Tax Guide

The Austrian Ministry of Finance has published guidance in English regarding the Digital Tax Act 2020, which was approved by the upper house of the Austrian parliament on October 10, 2019, and which applies to the provision of digital advertising services from 2020.




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Tax-News.com: USTR Holds Public Hearing On French Digital Tax

On January 6, 2020, the United States Trade Representative (USTR) announced that an on-the-record but off-camera public hearing would be held on January 7 on proposed action against France's digital services tax (DST).




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Tax-News.com: Malta To Establish Beneficial Ownership Register

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.




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Tax-News.com: Appleby Says Only Demonstrable Crime Is Of Data Theft

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.




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Tax-News.com: Report Published On Role Of Malta's Tax Collection Agencies

A new report has been issued following an audit into how taxes in Malta are administered.




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Tax-News.com: EU's Tax Blacklist Lacks Legitimacy Without Transparency: MEPs

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.




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Tax-News.com: BEPS Changes Effective For UK-Belgium Double Tax Deal

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.




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Tax-News.com: India, Hong Kong Sign Double Tax Deal

Hong Kong and India on March 19 signed an agreement to avoid double taxation and limit withholding tax rates on passive income at source.




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Tax-News.com: Hong Kong Tables Bill For Research And Development Tax Breaks

The Hong Kong Government has released a draft bill containing its 2017 proposal to provide an enhanced tax deduction for research and development expenditure.




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Tax-News.com: US-Switzerland Double Tax Protocol Now In Force

The Swiss Government on September 20, 2019, announced that it has exchanged instruments of ratification with the United States to bring into force a Protocol to their double tax agreement.




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Tax-News.com: EU Updates Tax Blacklist

The EU has removed two countries from its list of non-cooperative tax jurisdictions and found a further five to have met their commitments on tax cooperation.




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Tax-News.com: Switzerland Publishes VAT Guides For Sportspeople

On October 22, 2019, the Swiss Federal Finance Department uploaded a series of publications concerning the value-added tax rules for those participating in and organizing sporting events.




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Tax-News.com: Switzerland Publishes New English-Language VAT Guide

The Swiss Federal Tax Authority has released new English-language guidance for foreign businesses on their obligations under Swiss VAT law.




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Tax-News.com: Switzerland Redrafts Double Tax Treaty Law

The Swiss Government has released new legislation governing Switzerland's application of provisions in its network of double tax agreements.




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Tax-News.com: EU Removes Jurisdictions From Tax Blacklist

The EU has announced the removal of eight jurisdictions from its tax blacklist.




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Tax-News.com: EU Makes Changes To Tax Blacklist

The EU has removed three countries from its list of non-cooperative tax jurisdictions and added a further three.




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Tax-News.com: EU Announces Sanctions For 'Blacklisted' Countries

The European Commission is to take steps to ensure that EU external development and investment funds cannot be channelled or transited through entities in countries included on the EU's "blacklist" of non-cooperative tax jurisdictions.




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Tax-News.com: EU Removes Bahamas, Saint Kitts From Tax Blacklist

The EU on May 25 removed the Bahamas and Saint Kitts and Nevis from its list of non-cooperative tax jurisdictions.




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Tax-News.com: EU Updates Tax Blacklist

The EU has removed two countries from its list of non-cooperative tax jurisdictions and found a further five to have met their commitments on tax cooperation.




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Tax-News.com: Ireland-Chile Double Tax Pact Enhanced

In an e-brief issued on December 12, 2017, the Irish tax agency announced that maximum withholding tax rates on cross-border passive income have been lowered under the Ireland-Chile double tax agreement.




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Tax-News.com: Japan, Iceland Sign Double Tax Agreement

Japan's Ministry of Finance has reported the signing of a double tax agreement with Iceland in Reykjavik.




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Tax-News.com: BEPS Changes Effective For UK-Belgium Double Tax Deal

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.




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Tax-News.com: EU Adds Cayman Isles, Panama, Seychelles To Tax Blacklist

The EU has added the Cayman Islands, Palau, Panama, and the Seychelles to its list of non-cooperative tax jurisdictions, bringing the total tally to 12 from 8.




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Tax-News.com: Spain Publishes 2018 Tax Compliance Plan

The Spanish tax authority has published its annual tax and customs control plan for 2018, which details the tax compliance and enforcement measures that it intends to undertake in the coming year.




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Tax-News.com: US Senate Approves Changes To Four Double Tax Pacts

The United States Senate has approved protocols to four existing bilateral double tax avoidance treaties that have been pending in the chamber for as much as a decade.




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Tax-News.com: Australia Explains Tax Disclosure Obligation On Largest Firms

The Australian Taxation Office has issued an e-brief on how companies can assess if they are required to submit a reportable tax position schedule.




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Tax-News.com: Australia Clarifies Effective Life Of Depreciable Assets

The Australian Taxation Office has released a new ruling on how to calculate the effective life of depreciating assets for income tax purposes, in Taxation Ruling (TR) 2019/5, which is applicable from July 1, 2019.




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Tax-News.com: Australia May Make Directors Liable For Unpaid GST In Folded Companies

Legislation before Australia's parliament would make company directors liable for a failed company's GST liabilities in certain circumstances.




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Tax-News.com: Ireland Publishes 2019 Finance Bill

The Irish Government has published its 2019 Finance Bill, which introduces changes to a number of SME-targeted tax incentives and implements a range of measures announced in this month's Budget.




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Tax-News.com: EU States Shut Down Plans For Public CbC Reporting

EU member states have been unable to reach an agreement on proposals to release to the public information on multinational enterprises' tax affairs.




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Tax-News.com: Jersey, Cyprus Agree New Double Taxation Agreement

Jersey has signed a double taxation agreement with the Republic of Cyprus. This is the island's twelfth agreement that meets the international standard for such agreements.




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Tax-News.com: Netherlands Announces Tax 'Blacklist'

On December 28, 2018, the Dutch Government published in the Official Gazette a list of 21 low-tax jurisdictions. Companies doing business in these territories will face new anti-avoidance measures, intended to tackle tax base erosion and profit shifting.




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Tax-News.com: Netherlands Begins Consultation On Tax Blacklist

On October 7, 2019, the Dutch Government announced the launch of a consultation on the 2020 edition of the list of low-tax jurisdictions for the purposes of enforcing existing and forthcoming anti-avoidance legislation intended to tackle base erosion and profit shifting.




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Tax-News.com: Netherlands Adds To Tax Blacklist

Barbados and Turkmenistan have been added to the Netherlands' list of low-tax jurisdictions for the purposes of enforcing certain anti-tax avoidance rules, the Dutch Ministry of Finance announced on December 30, 2019.




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Tax-News.com: Switzerland Redrafts Double Tax Treaty Law

The Swiss Government has released new legislation governing Switzerland's application of provisions in its network of double tax agreements.




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Tax-News.com: Austria Publishes Digital Tax Guide

The Austrian Ministry of Finance has published guidance in English regarding the Digital Tax Act 2020, which was approved by the upper house of the Austrian parliament on October 10, 2019, and which applies to the provision of digital advertising services from 2020.