tax Tax-News.com: Malta Told To Amend VAT Rules For Yacht Leasing By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT The European Commission has again asked Malta to amend its method for calculating VAT on yacht leasing. Full Article
tax Tax-News.com: European Parliament Seeks Aligned EU-UK Rules By www.tax-news.com Published On :: Thu, 20 Feb 2020 00:00:00 GMT Members of the European Parliament want the EU and UK to reach an ambitious new free trade agreement, but have stressed that there must be a "level playing field." Full Article
tax Tax-News.com: Netherlands To Probe Employment Status Tax Abuse By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT The Dutch Tax and Customs Administration has launched a campaign to monitor the employment status of individuals working in the care and construction sectors. Full Article
tax Tax-News.com: Hong Kong Announces Tax Credit Handout In 2020 Budget By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT Hong Kong's 2020 Budget includes plans for a one-off reduction of profits tax, salaries tax, and tax under personal assessment. Full Article
tax Tax-News.com: Brexit Negotiations To Begin This Month By www.tax-news.com Published On :: Tue, 3 Mar 2020 00:00:00 GMT The European Council has authorized the opening of negotiations for a new partnership with the UK, and mandated the Commission to act as the EU's negotiator. Full Article
tax Tax-News.com: OECD Publishes Comments On CbC Reporting Review By www.tax-news.com Published On :: Tue, 17 Mar 2020 00:00:00 GMT The OECD's public consultation on a review into the new transfer pricing documentation rules proposed as part of BEPS Action 13 has closed. It has published the 79 responses received. Full Article
tax Tax-News.com: Germany Issues Draft Guidance On DAC6 By www.tax-news.com Published On :: Tue, 17 Mar 2020 00:00:00 GMT On March 2, 2020, the German Ministry of Finance released a draft discussion document on new rules implementing the sixth European Union Directive on Administrative Cooperation, under which intermediaries are obligated to report certain tax planning schemes. Full Article
tax Tax-News.com: OECD Releases Cross-Border Int'l Tax Guidance On COVID-19 Issues By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT The OECD has released guidance for national policymakers on the impact of COVID-19 on the treatment of cross-border workers and the interpretation of international tax treaty rules. Full Article
tax Tax-News.com: Italy Announces Further COVID-19 Tax Measures By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT On April 6, 2020, Italy's Council of Ministers announced further measures to support taxpayers affected by the COVID-19 virus, including the postponement of value-added tax, social security, and wage withholding payment deadlines. Full Article
tax Tax-News.com: Ireland Expands COVID-19 Support For SMEs By www.tax-news.com Published On :: Fri, 10 Apr 2020 00:00:00 GMT The Irish Government has announced the expansion of its support measures for SMEs affected by the economic impact of the coronavirus. Full Article
tax Tax-News.com: African States Urged To Consider COVID-19 Tax Responses By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT The African Tax Administration Forum (ATAF) has published a new report titled "Suggested COVID-19 Measures for Revenue Authorities." Full Article
tax Tax-News.com: Switzerland Has Improved Adherence With Tax Transparency Standards By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT The OECD's Global Forum has found Switzerland largely compliant with the international standards on transparency and the exchange of information upon request. Full Article
tax Tax-News.com: OECD Updates List Of International COVID-19 Measures By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT On April 9, 2020, the OECD released an update to a spreadsheet hosted on its website that maps out all the various tax policy responses countries have taken to support individual and corporate taxpayers following the outbreak of COVID-19. Full Article
tax Tax-News.com: Brazil Adds To COVID-19 Tax Response By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT Brazil has announced a number of additional tax payment and filing concessions in response to COVID-19. Full Article
tax Tax-News.com: COVID-19: Austria Exempts Employee Bonuses From Tax By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT The Austrian parliament has approved measures to exempt allowances and bonuses paid to employees from all taxes as part of the Government's economic response to the COVID-19 crisis. Full Article
tax Tax-News.com: COVID-19: Austria Suspends Tax Administrative Proceedings By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT The Austrian Ministry of Finance has announced that proceedings in relation to tax offences and the payment of duties and fees will be extended due to restrictions on movement imposed as a result of the COVID-19 virus. Full Article
tax Tax-News.com: COVID-19: Bolivia Announces Filing, Payment Deferrals By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT Bolivia has announced a number of filing and payment extensions for taxpayers, in response to the COVID-19 outbreak. Full Article
tax Tax-News.com: Netherlands Publishes Guidance On BEPS MLI By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT On April 6, 2020, the Dutch Ministry of Finance published guidance material on the application of the BEPS Multilateral Instrument and its effect on Dutch tax treaties. Full Article
tax Tax-News.com: Malta Issues Payroll Tax Guidance On COVID-19 Wage Supplement By www.tax-news.com Published On :: Wed, 15 Apr 2020 00:00:00 GMT On April 4, 2020, Malta released payroll tax-related guidance for employers on the Government's responses to the COVID-19 epidemic. Full Article
tax Tax-News.com: Chile Announces COVID-19 Tax Package By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT The Chilean President Sebastian Pinera has announced a number of tax relief measures for businesses and individuals impacted by COVID-19. Full Article
tax Tax-News.com: UK Digital Tax Guidance Needed On Scope, Liability: CIOT By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT The Chartered Institute of Taxation has called on the UK Government to clarify questions remaining about the UK's Digital Services Tax, which became effective this month. Full Article
tax Tax-News.com: IRS Publishes Transfer Pricing FAQs By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT On April 16, 2020, the United States Internal Revenue Service issued a set of frequently asked questions and answers to help inform taxpayers about transfer pricing documentation best practices. Full Article
tax Tax-News.com: US Taxpayers Can Apply Online For COVID-19 Economic Impact Payments By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT On April 15, 2020, the United States Internal Revenue Service unveiled the "Get My Payment" online tool that will allow taxpayers to receive economic impact payments under the Coronavirus Aid, Relief, and Economic Security Act. Full Article
tax Tax-News.com: OECD Publishes Comments On Gig Economy Reporting Framework By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT The OECD has published the comments it has received on a proposal for a framework of Model Rules for sharing and gig economy platforms to report the activities of their users, to support tax authorities to ensure the collection of tax. Full Article
tax Tax-News.com: Poland Extends TP Documentation Deadlines In COVID-19 Response By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT On April 17, 2020, the President of Poland signed legislation into law to extend transfer pricing documentation deadlines, as part of a package of additional COVID-19 economic support measures. Full Article
tax Tax-News.com: Dutch Report On Reforming Tax Rules For Multinationals Published By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT On April 15, 2020, a government-commissioned report on the taxation of multinationals was submitted to the State Secretary of Finance recommending various changes to make the Dutch tax system fairer while maintaining the jurisdiction's tax competitiveness. Full Article
tax Tax-News.com: Brazil Waives Duties On COVID-19-Related Imports By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT Brazil's tax agency announced import tax cuts for certain items needed to tackle COVID-19. Full Article
tax Tax-News.com: Hong Kong Releases New Guidance On Advance Rulings By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT Hong Kong has updated its guidance on advance rulings, to reflect changes to Hong Kong's practices as a result of its efforts to comply with the OECD's minimum standards proposed as part of the base erosion and profit shifting (BEPS) Action Plan. Full Article
tax Tax-News.com: Irish Revenue Issues Guidance On COVID-19 Corporate Tax Return Deferral By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT The Irish Revenue has updated its guidance on the impact on relief claims of the late filing of corporate tax returns, in the context of the coronavirus pandemic. Full Article
tax Tax-News.com: South Africa Details New COVID-19 Tax Measures By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT On April 23, 2020, the National Treasury of South Africa provided further details of the additional COVID-19 tax support measures first announced by President Cyril Ramaphosa on April 21. Full Article
tax Tax-News.com: Ireland Tweaks Eligibility Rules For COVID-19 Wage Subsidy Program By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT The Irish Revenue has announced that it will allow access to the Temporary Wage Subsidy Scheme for certain employers who missed the March 15 payroll deadline. Full Article
tax Tax-News.com: German EU Presidency Will Focus On Tax Issues: Merkel By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT On April 25, 2020, German Chancellor Angela Merkel said that Germany would attempt to seek agreement on a financial transaction tax and a minimum corporate tax when it assumes the presidency of the European Union in July 2020. Full Article
tax Tax-News.com: Germany Explains COVID-19 Tax Refunds By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT On April 23, 2020, the German Ministry of Finance confirmed that taxpayers suffering from liquidity problems due to COVID-19 can apply for a refund of advance tax payments made in 2019. Full Article
tax Tax-News.com: COVID-19: UAE Extends VAT Deadline From April To May 2020 By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT The United Arab Emirates' Federal Tax Authority has announced changes to value-added tax filing and payment deadlines, for tax periods that ended on March 31. Full Article
tax Tax-News.com: OECD Schedules BEPS Webcast For Early May By www.tax-news.com Published On :: Fri, 1 May 2020 00:00:00 GMT The OECD has scheduled a new Tax Talks webcast to update stakeholders on its work on the reform of international tax rules for the digitalized economy. Full Article
tax 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
tax Tax-News.com: French Parliament Votes Through Digital Tax By www.tax-news.com Published On :: Tue, 16 Jul 2019 00:00:00 GMT On July 11, 2019, France's proposed digital services tax received parliamentary approval, following approval also from the Senate. Full Article
tax Tax-News.com: G7 Backs OECD In Push For Global Digital Tax Response By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT G7 finance ministers have said that there is an urgent need to address the tax challenges posed by the digitalization of the economy. Full Article
tax Tax-News.com: IRS Clarifies FTC Rules For French Social Taxes By www.tax-news.com Published On :: Thu, 25 Jul 2019 00:00:00 GMT On July 19, 2019, the United States Internal Revenue Service updated its webpage on foreign tax credits to clarify that it will not challenge foreign tax credit claims involving certain French taxes. Full Article
tax Tax-News.com: USTR Stages Hearing On French Digital Tax Response By www.tax-news.com Published On :: Thu, 22 Aug 2019 00:00:00 GMT On August 19, 2019, the Office of the United States Trade Representative held an off-camera public hearing on France's recently introduced digital services tax, attended by three major technology firms. Full Article
tax Tax-News.com: US And France Nearing Digital Tax Compromise By www.tax-news.com Published On :: Fri, 30 Aug 2019 00:00:00 GMT The Governments of France and the United States are reportedly close to settling a dispute surrounding France's digital services tax. Full Article
tax Tax-News.com: Poland Said To Have Ditched Plans For Digital Tax By www.tax-news.com Published On :: Fri, 13 Sep 2019 00:00:00 GMT According to a recent comment by United States Vice President Mike Pence, the Polish Government has decided not to proceed with a national digital services tax. Full Article
tax Tax-News.com: France To Introduce VAT Requirements For Online Marketplaces By www.tax-news.com Published On :: Fri, 27 Sep 2019 00:00:00 GMT On September 23, 2019, the French Government outlined a number of measures that will be included in the 2020 Finance Law to ensure the payment of value-added tax on items bought by French residents from online marketplaces. Full Article
tax 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
tax 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
tax Tax-News.com: Luxembourg Approves Update To French DTA By www.tax-news.com Published On :: Tue, 26 Nov 2019 00:00:00 GMT On November 15, 2019, Luxembourg's Council of Ministers approved a protocol to the 2018 double tax treaty with France, making changes to the way cross-border workers are taxed. Full Article
tax Tax-News.com: US Considers Retaliation Against French Digital Services Tax By www.tax-news.com Published On :: Fri, 6 Dec 2019 00:00:00 GMT The United States may impose additional duties of up to 100 percent on certain French products in retaliation for France's digital services tax, which a newly published report by the US Trade Representative has concluded discriminates against certain US companies. Full Article
tax 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
tax Tax-News.com: USTR Holds Public Hearing On French Digital Tax By www.tax-news.com Published On :: Wed, 8 Jan 2020 00:00:00 GMT 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). Full Article
tax Tax-News.com: France And US Seek End To Digital Tax Dispute By www.tax-news.com Published On :: Wed, 15 Jan 2020 00:00:00 GMT According to French Finance Minister Bruno Le Maire, France and the United States will in the next two weeks attempt to reach a compromise over their ongoing dispute regarding France's new digital services tax. Full Article