UK Taxpayers May Arrange Payment Of Deferred VAT In 2021

by Jason Gorringe, Tax-News.com, London

Monday, November 30, 2020

HM Revenue and Customs has confirmed that UK businesses who wish to pay their deferred VAT liabilities in installments will be able to decide a payment schedule early next year. Read Full Story

France Hikes VAT Due On Yacht Charters

by Ulrika Lomas, Tax-News.com, Brussels

Monday, November 30, 2020

The French tax authority has confirmed new rules regarding the calculation of VAT on pleasure yacht charters. Read Full Story

UK, Canada Sign Post-Brexit Continuity Trade Deal

by Jason Gorringe, Tax-News.com, London

Monday, November 30, 2020

Canada and the UK have announced the successful conclusion of negotiations on an interim trade agreement, which will be in place as they work toward a comprehensive post-Brexit free trade deal. Read Full Story

Luxembourg Details BEPS Amendments To Swiss DTA

by Ulrika Lomas, Tax-News.com, Brussels

Monday, November 30, 2020

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. Read Full Story

Moroccan Lawmakers Approve Law To Ratify BEPS MLI

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, November 30, 2020

Morocco is set to ratify the BEPS multilateral instrument (BEPS MLI) to make changes to its network of double tax agreements. Read Full Story

Maltese Corporate Tax Return Filing Deadline Extended

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, November 30, 2020

Malta's Commissioner for Revenue has announced an extension to the corporate tax filing deadline for businesses whose tax year is the calendar year. Read Full Story

New Oversight Agency Planned For Dutch Tax Agencies

by Ulrika Lomas, Tax-News.com, Brussels

Monday, November 30, 2020

The Dutch Government is to establish a new supervisory body to improve oversight of the country's tax collecting agencies. Read Full Story

UAE Clarifies VAT Rules For E-Commerce

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, November 30, 2020

The United Arab Emirates' Federal Tax Authority has clarified the value-added tax rules that apply to e-commerce transactions. Read Full Story

UK To Offer Expanded Annual Investment Allowance Until 2022

by Jason Gorringe, Tax-News.com, London

Tuesday, November 17, 2020

The UK Government has announced that the temporary GBP1m (USD1.31m) cap for the Annual Investment Allowance (AIA) will be extended until January 1, 2022. Read Full Story

Malta To Continue To Apply EUR20,000 VAT Registration Threshold

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 17, 2020

Malta has received approval from EU authorities to extend its heightened value-added tax registration threshold for certain suppliers of services. Read Full Story

Cyprus Announces More VAT Payment Flexibility

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, November 17, 2020

Cyprus's tax agency has released a number of statements regarding further value-added tax payment concessions for companies financially impacted by the COVID-19 pandemic. Read Full Story

BVI Rules Out New Taxes In 2021 Budget

by Jason Gorringe, Tax-News.com, London

Tuesday, November 17, 2020

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. Read Full Story

UK May Double Capital Gains Tax Burden

by Jason Gorringe, Tax-News.com, London

Tuesday, November 17, 2020

More closely aligning UK capital gains tax (CGT) rates with income tax rates could raise significant revenues for the UK, a government-commissioned review has concluded. Read Full Story

France Proposes Additional COVID-19 Support Measures

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 17, 2020

In two recent speeches, French Finance Minister Bruno Le Maire has outlined plans to extend COVID-19 supports for French businesses. Read Full Story

Dutch-Polish DTA To Feature New BEPS, Pension Provisions

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 17, 2020

The Netherlands and Poland have agreed to make changes to their tax treaty, to add provisions to prevent tax base erosion and profit shifting (BEPS), and amend provisions relating to the taxation of pensions income. Read Full Story

Cayman Tables Law For Digital Asset Business Regime

by Jason Gorringe, Tax-News.com, London

Tuesday, November 17, 2020

The Government of the Cayman Islands has published legislation in its Official Gazette to introduce a regulatory regime for virtual asset service providers (VASPs). Read Full Story

Burkina Faso Ratifies The BEPS MLI

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 10, 2020

African state Burkina Faso has ratified the BEPS multilateral instrument, to make changes to its double tax agreements to counter tax base erosion and profit shifting (BEPS). Read Full Story

UK To Strengthen Insurance Premium Tax Rules

by Jason Gorringe, Tax-News.com, London

Tuesday, November 10, 2020

On November 5, 2020, HM Revenue and Customs issued a consultation on proposals to improve the administration of Insurance Premium Tax (IPT) and prevent unfair outcomes. Read Full Story

Switzerland To Overhaul Domestic Law Governing Double Tax Pacts

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 10, 2020

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

EU To Challenge Dutch Pension Tax Rules Before ECJ

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 10, 2020

The European Commission has referred the Netherlands to the Court of Justice for its rules on the cross-border transfer of pension capital and cross-border provision of pensions. Read Full Story

Belgium Taken To Task For Three Tax Regime Features

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, November 10, 2020

The European Commission is undertaking infringement proceedings against Belgium regarding the taxation of shares held by life insurance companies, the taxation of income from savings deposits, and the deductibility of alimony payments. Read Full Story

Cyprus To Cut VAT On Tourism Services

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, November 10, 2020

Cyprus's 2021 Budget includes a proposal to lower the VAT rate temporarily on tourism services. Read Full Story

Cyprus PIT Return Deadline Extended

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, November 2, 2020

Cyprus's Tax Department on October 20, 2020, announced an extension to the deadline for filing personal income tax returns and paying income tax for 2019. Read Full Story

Netherlands, Germany Extend COVID-19 Frontier Worker Tax Deal

by Ulrika Lomas, Tax-News.com, Brussels

Monday, November 2, 2020

Germany and the Netherlands have agreed to extend the validity of an agreement clarifying the tax arrangements of frontier workers during the COVID-19 pandemic until December 31, 2020. Read Full Story

Malta Releases 2021 Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, November 2, 2020

Malta's 2021 Budget, announced on October 19, 2020, included tax breaks for individuals and an increase to the VAT registration threshold. Read Full Story

• 26/10/2020 Israel To Adopt BEPS Action 13 TP Documentation Rules »
• 23/10/2020 UK MPs Join Calls For Making Tax Digital Rethink »
• 23/10/2020 Turkey Presents Law For Corporate Tax Cut »
• 23/10/2020 Switzerland No Longer Paying Interest On Early Tax Payments »
• 20/10/2020 UAE To Expand Tax Payment Options From November »
• 20/10/2020 Ukraine, Austria To Raise Tax Rates In Double Tax Pact »
• 19/10/2020 France To Collect Its Digital Services Tax This Year »
• 15/10/2020 France Allowing Companies Three More Months To Pay Property Tax »
• 15/10/2020 Belgium Postpones Corporate Tax Return Deadline »
• 15/10/2020 OECD Indicates New Focus On Virtual Currency Tax Issues »
• 14/10/2020 UK Updates Brexit VAT Guidance For Imported Goods »
• 06/10/2020 Malta Expands Fiscal Unity Guidelines »
• 06/10/2020 Russia, Malta Sign Double Tax Agreement Protocol »
• 02/10/2020 Turkey Cuts Tax On Forex Transactions »
• 02/10/2020 Netherlands Allows More Time To Pay Frozen Tax Debts »
• 01/10/2020 France To Cut Business Taxes »
• 01/10/2020 UAE Explains Updated Economic Substance Rules »
• 30/09/2020 UK Releases Construction VAT Reverse Charge Guidance »
• 29/09/2020 Netherlands Invites Input On New Dividend Withholding Taxes »
• 25/09/2020 Belgium Launches Tax Filing Season For Non-Resident Individuals »
• 23/09/2020 Germany Issues EU Presidency Tax Priorities »
• 22/09/2020 UK To Collect Interest On Overdue Digital Services Tax »
• 22/09/2020 UAE To Allow Loans Secured By Movable Property »
• 21/09/2020 Cyprus Adds To Guidance On Calculation Of NIDs »
• 21/09/2020 France Lowers Threshold For Tourist VAT Refunds »

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