Italy To Extend VAT Split Payment Mechanism For B2G Supplies

On July 24, 2020, a Council Implementing Decision was published in the official journal of the European Union authorizing the extension of Italy's value-added tax split payment mechanism scheme, applicable to contracts with public sector entities. Continue Reading »

Philippines Aiming To Finalize Tax Reform By End Of October

Benjamin Diokno, the Philippines' Budget and Management Secretary, says the Government should secure the passage of all the remaining comprehensive tax reform bills within the next two months. Continue Reading »

Finnish Government Reaches 2019 Budget Agreement

A number of incentives have been included in the Finnish Government's 2019 Budget to encourage investment in the shares of both small and listed companies. Continue Reading »

BEPS Project Has Triggered Near-Global Tax Reform: OECD

The OECD has committed to providing proposals to fix the taxation of the digital economy by 2020, in an update to G20 leaders on international efforts to mitigate base erosion and profit shifting (BEPS). Continue Reading »

Estonia Tops Tax Foundation's Tax Competitiveness Index

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." Continue Reading »

Tech Groups Raise Concerns About EU Digital Tax

The European Commission's proposal for a digital services tax would be "deeply harmful" to the EU business environment and may lead to double taxation, a coalition of business and technology groups has warned EU leaders. Continue Reading »

Netherlands Ponders New Aviation Tax

The Dutch Government has begun a public consultation exercise on plans to introduce a new tax on air travel by 2021. Continue Reading »

EC Scrutinizes Tax Breaks For Polish Shipyards

The European Commission has opened an in-depth investigation into a Polish tax scheme for shipyards, which it says could give shipbuilders an unfair competitive advantage over rivals. Continue Reading »