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Swiss Advisory Board Recommends WHT, Property Tax Reform

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 36 hours ago | Monday, January 21, 2019

The advisory board tasked with reporting on the state of Switzerland's financial centre has recommended changes to the country's withholding tax and property tax regimes. Read Full Story


Italy Lists Companies Covered By VAT Split Payment Regime

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 36 hours ago | Monday, January 21, 2019

The Italian Department of Finance has released new lists of government and private sector entities covered by Italy's split-payment mechanism. Read Full Story


New IFRS Accounting Standard On Leases Effective

by Jason Gorringe, Tax-News.com, London

Last updated 36 hours ago | Monday, January 21, 2019

International Financial Reporting Standard 16 'Leases', issued in January 2016, is effective for annual reporting periods starting on or after January 1, 2019. It replaces IAS 17 Leases and related interpretations. Read Full Story


Ukraine To Launch Transfer Pricing Unit

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 36 hours ago | Monday, January 21, 2019

On January 9, 2018, the Ukrainian State Fiscal Service announced that a new department dedicated to transfer pricing and international and large business tax issues will be established. Read Full Story


Germany's CDU Party Calls For Corporate Tax Cut

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 36 hours ago | Monday, January 21, 2019

Annegret Kramp-Karrenbauer, chair of the German Christian Democrat Union (CDU), has said that the Government should consider cutting corporate tax to help stave off a slowdown in the economy. Read Full Story


Belgium Introduces Optional VAT On Property Leases

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 36 hours ago | Monday, January 21, 2019

On January 10, 2018, the Belgian Ministry of Finance reminded taxpayers letting and leasing certain real estate that they can opt in to the value-added tax regime. Read Full Story


Swiss Tax Deals With Brazil To Become Effective

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 36 hours ago | Monday, January 21, 2019

Authorities in Switzerland and Brazil will begin exchanging tax information from January 1, 2020. Read Full Story


Record Year For UK Crown Dependencies' Stock Exchange

by Jason Gorringe, Tax-News.com, London

Monday, January 14, 2019

The International Stock Exchange (TISE) – formerly the Channel Islands Stock Exchange – has announced there were a record 865 new listings during 2018, up 22.7 percent on 2017. Read Full Story


UK Launches Profit Diversion Compliance Facility For MNEs

by Jason Gorringe, Tax-News.com, London

Monday, January 14, 2019

HM Revenue and Customs has announced plans and guidance for a new Profit Diversion Compliance Facility, which is intended to support multinational companies concerned about their transfer pricing arrangements to resolve any issues with the tax agency. Read Full Story


Mexico Enacts Decree For Tax Cuts In Border States

by Mike Godfrey, Tax-News.com, Washington

Monday, January 14, 2019

Mexican President Andres Manuel Lopez Obrador has signed a decree providing for tax cuts in the Mexican states bordering the United States. Read Full Story


Finland-Portugal Tax Treaty Terminated

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 14, 2019

The Portuguese Government has confirmed in a notice published in its Official Gazette that Portugal's tax treaty with Finland has been terminated effective January 1, 2019. Read Full Story


EU Gazettes Directive For Generalised Reverse Charge Mechanism

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 7, 2019

EU legislation providing for the introduction of the "generalised reverse charge mechanism," to enable member states to better counter value-added tax fraud, has been published in the EU's Official Gazette and will become effective from January 16, 2018. Read Full Story


Netherlands Announces Tax 'Blacklist'

by Ulrika Lomas, Tax-News.com, Brussels

Monday, January 7, 2019

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. Read Full Story


UK Crown Dependencies Introducing Economic Substance Rules

by Jason Gorringe, Tax-News.com, London

Friday, December 28, 2018

Each of the Crown Dependencies – Jersey, Guernsey, and the Isle of Man – have tabled legislation that will introduce new substance requirements for tax-resident firms engaged in certain industries from January 1, 2019. Read Full Story


Seychelles Enacts BEPS Legislation

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

Friday, December 28, 2018

Seychelles has enacted numerous legislative amendments that are intended to enable Seychelles to comply with the OECD's base erosion and profit shifting (BEPS) minimum standards. Read Full Story


EU VAT Changes On Vouchers To Take Effect

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 28, 2018

Significant changes to the way that businesses should account for value-added tax on vouchers will become effective on January 1, 2019. Read Full Story


Canadian Tax Regime To Be Enhanced From 2019

by Mike Godfrey, Tax-News.com, Washington

Friday, December 28, 2018

Canada's small business tax rate will be reduced from 10 percent to nine percent from January 1, 2019, as part of a suite of new year tax changes. Read Full Story


Greece To Cut Corporate Tax

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 28, 2018

Greece will gradually lower the rate of corporate tax over the next four years, under proposals announced in September and recently approved by the Greek parliament. Read Full Story


UK Legislates To Close Insurance VAT Loophole

by Jason Gorringe, Tax-News.com, London

Friday, December 21, 2018

On December 11, 2018, the UK Government tabled The Value Added Tax (Input Tax) (Specified Supplies) (Amendment) Order 2018 before the House of Commons to close a VAT avoidance loophole that is exploited by some UK insurers. Read Full Story


Luxembourg Adopts Anti-Tax Avoidance Law

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 21, 2018

On December 18, 2018, Luxembourg's parliament approved legislation that will implement the European Union Anti-Tax Avoidance Directive. Read Full Story


Philippines To Soon Launch Tax Amnesty

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

Friday, December 21, 2018

Lawmakers in the Philippines have endorsed plans for a tax amnesty scheme that will cover estate taxes, general taxes, and delinquent accounts, covering liabilities up to December 31, 2017. Read Full Story


France To Levy Digital Tax Starting Jan 2019

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 21, 2018

The French Government has decided to bring forward the introduction of a national tax on digital companies following the failure of European Union member states to agree on an EU-wide digital services tax. Read Full Story


Switzerland To Offer UK Equivalent Trade Terms After Brexit

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 21, 2018

The Swiss Federal Council has approved the text of a trade agreement with the UK that aims to maintain existing economic and trade relations after Brexit. Read Full Story


EFTA States, Indonesia Ink Trade Deal

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 21, 2018

The European Free Trade Association states – Switzerland, Liechtenstein, Norway, and Iceland – and Indonesia have signed a Comprehensive Economic Partnership Agreement (CEPA), which will slash tariffs on a majority of industrial goods. Read Full Story


IRS Issues Proposed Regulations On BEAT

by Mike Godfrey, Tax-News.com, Washington

Friday, December 21, 2018

On December 13, 2018, the United States Internal Revenue Service issued proposed regulations on the operation of the base erosion and anti-abuse tax, contained in Section 59A of the Internal Revenue Code. Read Full Story













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