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

• 14/12/2018 Seychelles Supported To Implement BEPS Measures »
• 14/12/2018 Swiss 'Robot Taxes' Deemed Unnecessary »
• 13/12/2018 Ukrainian Corporate Tax Reform Plans Shelved »
• 13/12/2018 EU Issues Regulations On 2021 VAT Rule Changes For E-Commerce »
• 12/12/2018 Belgium Reminds Traders Of Upcoming VAT Deadlines »
• 11/12/2018 ECJ Rules UK Can Unilaterally Ditch Brexit Plans »
• 07/12/2018 Australian Regulator Flags Important Accounting Standard Changes »
• 06/12/2018 OECD States Tapped VAT, CIT To Achieve Record Revenues In 2017 »
• 06/12/2018 Still No Deal On EU Digital Services Tax »
• 05/12/2018 Switzerland-Pakistan DTA Enters Into Force »
• 04/12/2018 UK Consolidates No-Deal Brexit Tax Law Guidance »
• 29/11/2018 ECJ Rules French Dividend Tax Rules Breach EU Law »
• 28/11/2018 Swiss Government Signs Off On Tax, Trade Issues »
• 28/11/2018 UK Urged To Push Back Making Tax Digital Agenda »
• 27/11/2018 Netherlands Announces Stricter Rules For Tax Rulings »
• 26/11/2018 Switzerland To Adopt Global Forum's Tax Recommendations »
• 21/11/2018 Only Tax-Compliant Firms To Be Allowed Australian Gov't Contracts »
• 20/11/2018 OECD Reports Progress On Harmful Tax Regimes Work »
• 20/11/2018 UK Seeking To Encourage Audit Market Competition »
• 19/11/2018 Brexit Withdrawal Agreement Put To UK Lawmakers »
• 16/11/2018 OECD Releases Guidance On Impact Of BEPS MLI »
• 16/11/2018 Switzerland Gearing Up For Corporate Tax Changes »
• 14/11/2018 Singaporean Corporate Tax Returns Soon Due »
• 13/11/2018 Germany's Bundestag Approves VAT Reforms »
• 12/11/2018 Australia Consults On Tax Implications Of Insurance Law Reform »

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