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Tax-News.com: Switzerland Planning New VAT Rules For Mail Order Companies

The Swiss Federal Council has launched a consultation on the amendments to the VAT law, with a focus on the tax treatment of mail order businesses and the administrative burden on SMEs.




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Tax-News.com: Switzerland To Introduce VAT Domestic Reverse Charge On Emissions Trading

Switzerland has proposed introducing the value-added tax reverse charge mechanism for domestic transactions in emission allowances.




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Tax-News.com: Switzerland Unlikely To Need Tax Hikes In Response To COVID-19

The Swiss Government is anticipating a shortfall in tax receipts of over CHF5bn in 2020.




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Tax-News.com: Switzerland Relaxes Rules For Tourists' VAT Refunds

Switzerland's Federal Department of Finance is extending the time limit within which tourists can export goods purchased in the country tax free.




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Tax-News.com: Switzerland Adds BEPS Provisions To Three Treaties

Switzerland has signed protocols to its double taxation agreements with Cyprus, Liechtenstein, and Malta to implement minimum standards developed as part of the OECD's BEPS project.




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Tax-News.com: France Publishes List Of Territories Exempt From CbC Local Filing

On July 20, 2020, the French Government published in the Official Gazette a decree to expand the list of jurisdictions exempt from local filing reporting requirements under the country's country-by-country reporting regime.




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Tax-News.com: Switzerland Eases VAT Refund Rules For Tourists

Effective August 1, 2020, Switzerland relaxed the rules for tourists seeking to export goods free from tax.




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Tax-News.com: Russia Turns Sights To Switzerland, Hong Kong Treaties

Russia's double tax agreements with Hong Kong and Switzerland are next on the radar for authorities in Russia, who are seeking to ensure the country can subject to at least 15 percent withholding tax outbound dividends and interest payments.




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Tax-News.com: US-Swiss Agreement Published On Mandatory Binding Arbitration

The US Internal Revenue Service (IRS) has released the text of an arbitration agreement between the US and Switzerland, in Internal Revenue Bulletin 2020-35, published August 24.




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Tax-News.com: Switzerland Prolongs Exemption For COVID-19 Essentials

The Swiss Government has confirmed it will extend a tax exemption for surface disinfectants in light of COVID-19.




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Tax-News.com: Switzerland To Add Anti-BEPS Provisions To Two Treaties

On August 26, 2020, the Swiss Federal Council ratified a new double taxation agreement with Bahrain and a Protocol to revise its DTA with Kuwait.




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Tax-News.com: Cyprus, Russia Agree Tax Hike On Cross-Border Dividends, Interest

Russia's Ministry of Finance has announced that it signed a Protocol to amend its double tax agreement with Cyprus on September 8, 2020.




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Tax-News.com: Russia's Cabinet Approves Maltese DTA Amendments

Russia's Government has approved wording for a draft Protocol that it will seek to conclude with Malta, to revise their double tax agreement to increase withholding tax rates at source for cross-border dividends and interest income.




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Tax-News.com: Switzerland To Draft New Customs Tax Act

On September 11, 2020, the Swiss Federal Council launched a consultation on proposals for the total revision of the customs system.




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Tax-News.com: Cyprus Adds To Guidance On Calculation Of NIDs

The Cyprus Tax Department has released ten-year government bond yield rates for five new territories, to support businesses in calculating claims for Cyprus's Notional Interest Deduction. The rates are for Bermuda, Denmark, Jordan, Portugal, and Switzerland.




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Tax-News.com: Switzerland No Longer Paying Interest On Early Tax Payments

In an October 15, 2020, statement, the Swiss Government announced it will not pay interest on federal taxes paid early.




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Tax-News.com: Switzerland To Overhaul Domestic Law Governing Double Tax Pacts

The Swiss Federal Council has approved proposed legislative changes to alter how the country interprets double tax agreement provisions.




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Tax-News.com: Luxembourg Details BEPS Amendments To Swiss DTA

On November 17, 2020, Luxembourg's tax authority published Circular LG – Conv. DI no. 66, outlining the changes made by the BEPS multilateral instrument (BEPS MLI) to the double tax agreement in place with Switzerland.




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Tax-News.com: Germany, Pakistan Ratify The BEPS MLI

Germany and Pakistan have deposited their instrument of ratification with the OECD to bring into force the BEPS multilateral instrument for their networks of tax treaties.




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Tax-News.com: Switzerland, Italy Agree Tax Deal For Frontier Workers

On December 23, 2020, Switzerland and Italy signed a new agreement on the taxation of cross-border commuters and an amendment to their existing double taxation agreement.




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Tax-News.com: Switzerland Eyeing Tax Regime Improvements

A group of experts assessing the Swiss tax regime has drawn up an action plan on improving Switzerland's international tax competitiveness.




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Tax-News.com: Switzerland Publishes Review Of 2021 Tax Progress

As part of its commitment to fighting cross-border tax evasion and profit shifting, Switzerland sent information on over 3m financial accounts in 2021, according to a new review of the Swiss financial center by the State Secretariat for International Financial Matters.




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Tax-News.com: Switzerland To Share Tax Data With 12 More States

At its meeting on May 18, 2022, the Swiss Federal Council approved the dispatch on the introduction of the automatic exchange of information on financial accounts (AEOI) with 12 other partner countries.




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Tax-News.com: Saudi Arabia To Treble VAT Rate To 15pc In Response To COVID-19

Saudi Arabia has announced its decision to increase its headline value-added tax rate to 15 percent from five percent, in a surprise break from the Gulf Cooperation Council's harmonized value-added tax framework.




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New Mechanism for Identifying Drugs for Dengue Discovered

New mechanism for designing antiviral drugs for dengue virus has been identified. The study details are published in iProceedings of the National Academy of Sciences/i.




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New Dengue Related Biological Markers Discovered

Dengue is the most common mosquito-borne viral disease affecting humans globally. In 2019, the World Health Organization identified dengue as one of the




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COVID-19 Restrictions Reduced Nearly 750,000 Dengue Cases in 2020

COVID-19 restrictions limited human mobility and contact, which nearly reduced 750,000 dengue cases in 2020, reveals a new study published in iLancet Infectious Diseases.




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Consult a Doctor Before Taking Medicines to Treat Dengue, Malaria or Chikungunya

Mosquito-borne diseases like dengue, malaria and chikungunya are on the rise. The months of September, October and November often see an increase in




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Bengaluru Records 4,427 Dengue Cases This Year

Karnataka Health Minister Dinesh Gundu Rao revealed that Bengaluru has recorded 4,427 medlinkdengue/medlink cases this year. He also announced the launch of a monitoring app for these cases.




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Rise in Prevalence of DEN-2 Variant Raises Concerns in Dengue Outbreaks

In Uttar Pradesh the DEN-2 variant of dengue is increasingly common among people who have tested positive for this mosquito-transmitted disease (!--ref1--).




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Combat Malaria, Dengue (and) Zika With Insecticide Paint

VESTA insecticide paint, applied to homes in vulnerable neighborhoods, kills iAedes aegypti/i mosquitos by 98% for at least a year, offering a potential




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Tax-News.com: Asia-Pac's Tax Take Dropped, Even Before COVID-19: Report

Tax revenues fell in 2019 in two-thirds of economies across Asia and the Pacific as a result of an economic slowdown prior to the COVID-19 pandemic, according to a new OECD report.




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Tax-News.com: Switzerland Publishes Review Of 2021 Tax Progress

As part of its commitment to fighting cross-border tax evasion and profit shifting, Switzerland sent information on over 3m financial accounts in 2021, according to a new review of the Swiss financial center by the State Secretariat for International Financial Matters.




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Tax-News.com: OECD Releases E-Commerce VAT Toolkit For Asia-Pac States

On March 10, the OECD released a new VAT Digital Toolkit for Asia-Pacific (APAC) nations. The toolkit is intended to support local tax authorities to better collect value-added tax on e-commerce activities.




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Tax-News.com: US IRS Announces TCJA Compliance Campaign

On May 1, 2020, the United States Internal Revenue Service Large Business and International Division announced a new compliance campaign focusing on the 2017 Tax Cuts and Jobs Act and the recently enacted Coronavirus Aid, Relief and Economic Security Act.




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Tax-News.com: Bill Would Exclude US Territories, Possessions From GILTI Regime

On May 4, 2020, a bill was introduced in the United States House of Representatives to limit the impact of the Global Intangible Low Tax Income regime on businesses based in US territories and possessions.




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Tax-News.com: US IRS Sets Out Details Of COVID-19 Tax Breaks

On May 7, 2020, the United States Internal Revenue Service issued a reminder to employers affected by COVID-19 about the tax credits made available to them under the Coronavirus Aid, Relief, and Economic Security Act.




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Tax-News.com: France To Press On With Digital Tax

French Finance Minister Bruno Le Maire has said that the Government intends to introduce a digital services tax this year.




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Tax-News.com: US House Passes COVID-19 Stimulus Bill With Tax Measures

On May 15, 2020, the United States House of Representatives approved the HEROES Act, which amends previous COVID-19-related stimulus legislation by changing loss carryback rules and providing further tax support for businesses and individuals.




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Tax-News.com: IRS Clarifies Tax Treaty References To NAFTA

On May 19, 2020, the United States Treasury Department and the Internal Revenue Service issued an Announcement which clarifies the interpretation of references in US income tax treaties to the North American Free Trade Agreement once it is replaced by the Agreement between the United States, Mexico and Canada.




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Tax-News.com: US Announces Tariffs On French Goods In Response To DST

The Office of the US Trade Representative has announced that the US will impose additional duties of 25 percent on imports of certain French products from next year in response to the country's decision to introduce a digital services tax.




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Tax-News.com: J5 Group Marks Two Years Of Collaboration On Tackling Fiscal Crime

On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years' work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud.




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Tax-News.com: OECD Releases New Action 14 Peer Review Reports

The OECD has released peer review reports reviewing nine territories' progress towards implementing the BEPS Action 14 standard, on improving tax dispute resolution.




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Tax-News.com: US-Swiss Agreement Published On Mandatory Binding Arbitration

The US Internal Revenue Service (IRS) has released the text of an arbitration agreement between the US and Switzerland, in Internal Revenue Bulletin 2020-35, published August 24.




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Tax-News.com: German FM Scholz Optimistic About 2020 Digital Tax Consensus

German Finance Minister Olaf Scholz is optimistic that an international agreement on taxing the digital economy will be reached this year.




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Tax-News.com: Cyprus, US To Begin Exchanging CbC Reports

Cyprus has announced that a deal for the exchange of country-by-country reports between the territory and the US is expected to become effective and cover reporting years starting on or after January 1, 2020.




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Tax-News.com: France To Collect Its Digital Services Tax This Year

French Minister of Finance Bruno Le Maire has reportedly said that France intends to collect the country's digital services tax in December 2020.




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Tax-News.com: BVI Rules Out New Taxes In 2021 Budget

The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes.




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Tax-News.com: US IRS Reminds Of FBAR Filing Obligation

The Internal Revenue Service is reminding US citizens, resident aliens, and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021.




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Tax-News.com: US IRS Flags Deadline For Q2 Estimated Tax Payments

The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty.