Irish Taxpayers Must Renew 2014 Tax Rulings

by Jason Gorringe, Tax-News.com, London

Friday, December 6, 2019

Companies with a tax ruling dating from 2014 from the Irish Revenue have been encouraged to renew these before they expire. Read Full Story

OECD Releases Eight New Action 14 Peer Reviews

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

The OECD recently released the seventh round of stage one peer review reports, assessing eight jurisdictions' efforts to implement the BEPS Action 14 minimum standard on tax dispute resolution. Read Full Story

Swiss Tax Disputes Resolved Quickly In 2018: Report

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

Switzerland has released a report on its efforts to resolve tax disputes, noting that the average time to complete mutual agreement procedure cases was 13 months in 2018, significantly below that required under the BEPS minimum standards. Read Full Story

Dutch Pension Tax Rules Under Fire From The EU Commission

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

The European Commission has asked the Netherlands to amend taxation rules that it says amount to obstacles to the cross-border transfer of pensions. Read Full Story

Switzerland Publishes New English-Language VAT Guide

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

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

IRS Issues Final Foreign Tax Credit Regulations

by Mike Godfrey, Tax-News.com Washington

Friday, December 6, 2019

On December 2, 2019, the United States Internal Revenue Service issued final regulations on the foreign tax credit following major changes to the US tax code. Read Full Story

Six Countries Sign Up To Multilateral Tax Pacts

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

At the tenth plenary meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes, five countries signed up to the multilateral convention on mutual administrative assistance in tax matters, and two countries signed up to the BEPS multilateral instrument. Read Full Story

German Lawmakers Reject VAT Cut On Rail Fares

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

The upper house of the German parliament, the Bundesrat, has rejected certain tax elements of the Government's climate protection plan, including a reduction in value-added tax on long-distance rail travel. Read Full Story

UAE Expands Scope Of Excise Duty Regime

by Mary Swire, Tax-News.com, Hong Kong

Friday, December 6, 2019

The United Arab Emirates's amended excise tax regime entered into force on December 1, and now covers sweetened drinks and electronic smoking devices and liquids. Read Full Story

US Considers Retaliation Against French Digital Services Tax

by Mike Godfrey, Tax-News.com Washington

Friday, December 6, 2019

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. Read Full Story

Austria, Ireland Have Failed To Adopt ATAD BEPS Measures

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

The European Commission has requested that both Austria and Ireland take action to transpose EU-wide interest limitation rules into their respective national laws. Read Full Story

Switzerland, Bahrain Sign DTA

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 2, 2019

On November 25, 2019, Switzerland and Bahrain signed a double tax agreement that caps maximum withholding tax rates and provides for the exchange of information. Read Full Story

EU States Shut Down Plans For Public CbC Reporting

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 2, 2019

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

Jersey Reassures Taxpayers Over Return Delays

by Jason Gorringe, Tax-News.com, London

Monday, December 2, 2019

Revenue Jersey has sought to reassure taxpayers over fears that they will be charged the default effective rate of tax from next January. Read Full Story

UAE To Refund VAT Incurred On House Construction Works

by Mary Swire, Tax-News.com, Hong Kong

Monday, December 2, 2019

Citizens from the United Arab Emirates (UAE) will newly be able to claim refunds for the VAT they incur when building their own home. Read Full Story

IRS Issues Estate Tax Regulations

by Mike Godfrey, Tax-News.com Washington

Monday, December 2, 2019

On November 22, 2019, the United States Internal Revenue Service issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels. Read Full Story

Italy To Support Armenia To Implement BEPS Reforms

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 2, 2019

Tax officials in Armenia are to receive support from the Italian Revenue Agency to implement initiatives to tackle tax base erosion and profit shifting. Read Full Story

HMRC Releases Final Guidance On Loan Charge Review

by Jason Gorringe, Tax-News.com, London

Monday, December 2, 2019

The UK tax agency HM Revenue and Customs has released guidance for taxpayers affected by the Loan Charge. Read Full Story

Turkish Parliament Approves New Top Tax Rate, Digital Services Tax

by Mary Swire, Tax-News.com, Hong Kong

Tuesday, November 26, 2019

Turkey will increase taxes on higher earners and introduce a new tax on digital services. Read Full Story

BEPS Changes To Nordic Double Tax Agreement To Take Effect

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 2, 2019

The double tax agreement between the Nordic countries will be updated with new anti-tax base erosion and profit shifting provisions with effect from January 1, 2020. Read Full Story

UK Labour Promises Corporate Tax Hikes, Second Brexit Referendum

by Jason Gorringe, Tax-News.com, London

Tuesday, November 26, 2019

The main UK opposition party Labour has set out its plans for tax reform, in a manifesto released on November 21. Read Full Story

Luxembourg Approves Update To French DTA

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 26, 2019

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. Read Full Story

EU Moving Forward With Proposal For Public CbC Reporting

by Ulrika Lomas, Tax-News.com, Brussels

Monday, November 25, 2019

The EU's Competitiveness Council is to meet on November 28, 2019, to agree a general approach on a legislative proposal to release to the public information on multinational enterprises' tax affairs. Read Full Story

New Zealand To Remove Low-Value Consignment Relief

by Mary Swire, Tax-News.com, Hong Kong

Monday, November 25, 2019

New Zealand is to introduce GST on low-value goods sold by overseas retailers from December 1, 2019. Read Full Story

OECD Seeks Input On 13 New Dispute Resolution Peer Reviews

by Ulrika Lomas, Tax-News.com, Brussels

Monday, November 25, 2019

The OECD is seeking input from taxpayers on dispute resolution mechanisms in place in Aruba, Bahrain, Barbados, Gibraltar, Greenland, Kazakhstan, Oman, Qatar, Saint Kitts and Nevis, Thailand, Trinidad and Tobago, the United Arab Emirates, and Vietnam, as part of follow-up work under BEPS Action Plan Action 14. Read Full Story

• 21/11/2019 Switzerland To Improve Tax Information Exchange Regime »
• 20/11/2019 Germany To Launch Special Anti-Tax Fraud Unit »
• 20/11/2019 Costa Rica Ratifies Updated TIEA With US »
• 19/11/2019 Czech Government Approves Digital Tax »
• 19/11/2019 American Firms Concerned By Canadian Digital Tax Plan »
• 19/11/2019 UK Prime Minister Cancels Corporate Tax Cut »
• 18/11/2019 EC Investigates Italian Port Tax Exemptions »
• 14/11/2019 Switzerland, EU To Link Emissions Trading Systems »
• 14/11/2019 Hungarian Government Submits Tax Bill »
• 14/11/2019 Slovenian Lawmakers Approve Corporate Minimum Tax Plan »
• 14/11/2019 Panama Grants Certain Companies A One-Month Filing Extension »
• 13/11/2019 Malta Adds To NID Guidelines »
• 12/11/2019 Finland To Implement EU Exit Tax »
• 11/11/2019 OECD Releases Minimum Tax Plan To Solve Digital Tax Issues »
• 11/11/2019 Nine EU Finance Ministers Call For Green Tax On Aviation »
• 07/11/2019 OECD Releases Further CbC Reporting Guidance »
• 06/11/2019 Singapore Announces Plans For GST Reforms »
• 06/11/2019 New Zealand Tops World Bank's 'Doing Business' 2020 »
• 06/11/2019 OECD Urges Colombia To Rethink Tax Breaks »
• 06/11/2019 UK Explains BEPS Changes To Luxembourg DTA »
• 05/11/2019 Warren Announces US Corporate Tax And Wealth Tax Plans »
• 05/11/2019 Swiss Tax Transparency Changes Enter Into Force »
• 04/11/2019 OECD Explains New Disclosure Req's For No Or Low Tax States »
• 01/11/2019 Ireland Had EU's Lowest Tax-To-GDP Burden In 2018: Eurostat »
• 28/10/2019 BVI Issues Final Economic Substance Rules »

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