Singapore Updates Tax Rules For Company Liquidations

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

Last updated 37 hours ago | Wednesday, March 3, 2021

The Inland Revenue Authority of Singapore has updated its guidance on the tax requirements for companies being liquidated and those under receivership. Read Full Story

Singapore Explains Changes To 2021 Tax Filing Rules

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

Last updated 37 hours ago | Wednesday, March 3, 2021

The Inland Revenue Authority of Singapore has said that it will be sending tax bills directly to certain taxpayers this tax filing season and will be simplifying filing arrangements for the self-employed. Read Full Story

Belgium Gazettes Law For Tax On Securities Accounts

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 37 hours ago | Wednesday, March 3, 2021

Belgium has published in its Official Gazette legislation to introduce the country's new tax on securities accounts. Read Full Story

Hong Kong Announces Tax Relief In 2021-22 Budget

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

Last updated 37 hours ago | Wednesday, March 3, 2021

Hong Kong will grant taxpayers a waiver of up to HKD10,000 (USD1,290) of profits tax, salaries tax, and tax under personal assessment, the territory announced in its 2021-22 Budget. Read Full Story

Malaysia Updates Tax Guidance For Digital Services Providers

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

Last updated 37 hours ago | Wednesday, March 3, 2021

Malaysia has comprehensively updated its guidance on the requirement on foreign service providers to collect service tax on business-to-consumer supplies of digital services. Read Full Story

Sweden To Probe E-Commerce And Rental Income Declarations

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 37 hours ago | Wednesday, March 3, 2021

The Swedish tax authority has announced that it will be expending more resources this year on ensuring businesses fully declare income from e-commerce and taxpayers report income from home rentals. Read Full Story

Singapore Expands Business Tax Support Schemes In 2021 Budget

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

Monday, February 22, 2021

Singapore announced the extension of a number of support measures for businesses in its 2021 Budget, released on February 16, 2021. Read Full Story

Seychelles Hoping For EU Tax Blacklist Removal This Year

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, February 22, 2021

The Seychelles Ministry of Finance has said it is confident that it will be removed from the EU's list of non-cooperative jurisdictions when it is next reviewed. Read Full Story

OECD Completes Phase One BEPS Action 14 Reviews

by Ulrika Lomas, Tax-News.com, Brussels

Monday, February 22, 2021

Read Full Story

Belgian Lawmakers Approve New Tax On Securities Trading

by Ulrika Lomas, Tax-News.com, Brussels

Monday, February 22, 2021

At a plenary session on February 11, 2021, Belgium's parliament adopted a draft law for a new annual tax on securities accounts. Read Full Story

Cyprus Allows Firms Longer To Pay VAT Due In Feb, March

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, February 22, 2021

Cyprus's Department of Taxation has announced businesses will be allowed more time to make their monthly value-added tax payments for the periods ending December 31, 2020, and January 31, 2021. Read Full Story

US Tax Season Begins

by Mike Godfrey, Tax-News.com, Washington

Monday, February 22, 2021

The Internal Revenue Service launched tax season for individuals on February 15, 2021, highlighting the various supports available for taxpayers when preparing their returns. Read Full Story

EU Sizes Up Impact Of New UK Free Trade Deal

by Jason Gorringe, Tax-News.com, London

Monday, February 15, 2021

The European Union has released its Winter 2021 Economic Forecast, which says that Brexit will dent UK economic growth considerably, and more than for the European Union, despite the new free trade deal between the two parties. Read Full Story

Irish VAT Rate Cut To Be Reversed In March

by Jason Gorringe, Tax-News.com, London

Monday, February 15, 2021

The Irish headline rate of VAT will return to 23 percent from March, having been temporarily reduced in response to the COVID-19 pandemic. Read Full Story

Experts To Explain New Toolkit On Transfer Pricing Documentation

by Ulrika Lomas, Tax-News.com, Brussels

Monday, February 15, 2021

A webinar is to be held on February 17, 2021, on the Platform for Collaboration on Tax's toolkit on Transfer Pricing Documentation. Read Full Story

Belgium Opens Tax Portal For Company Filings

by Ulrika Lomas, Tax-News.com, Brussels

Monday, February 15, 2021

Belgium's Federal Public Service Finance has announced that businesses may now submit returns through the Belcotax-on-web portal. Read Full Story

EU Kick-starts Review Of Financial Services VAT Rules

by Ulrika Lomas, Tax-News.com, Brussels

Monday, February 15, 2021

On February 8, 2021, the European Commission launched a consultation on a review of the VAT rules for financial and insurance services. Read Full Story

MEPs Call For EU Carbon Border Adjustment Mechanism

by Ulrika Lomas, Tax-News.com, Brussels

Monday, February 15, 2021

Lawmakers sitting on an EU parliament climate committee have called for the introduction of a carbon border adjustment mechanism. Read Full Story

Switzerland Eyeing Tax Regime Improvements

by Ulrika Lomas, Tax-News.com, Brussels

Monday, February 8, 2021

A group of experts assessing the Swiss tax regime has drawn up an action plan on improving Switzerland's international tax competitiveness. Read Full Story

Hong Kong Provides Tax Concessions For Carried Interest

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

Last updated 37 hours ago | Wednesday, March 3, 2021

The Hong Kong Government has gazetted legislation to provide tax concessions for carried interest distributed by eligible private equity funds operating in Hong Kong. Read Full Story

Jersey Launches Individual Tax Season

by Jason Gorringe, Tax-News.com, London

Wednesday, January 13, 2021

The Jersey Government has announced that islanders can now file their 2020 tax return and has issued advice to Prior Year Basis (PYB) taxpayers that have been moved to the Current Year Basis (CYB) for paying income tax. Read Full Story

Netherlands To Introduce New Environmental Taxes

by Ulrika Lomas, Tax-News.com, Brussels

Friday, January 1, 2021

The Netherlands is to introduce a new tax on international flights starting on January 1, 2021. Read Full Story

Belgium Extends Cross-Border Worker Deals

by Ulrika Lomas, Tax-News.com, Brussels

Friday, January 1, 2021

Belgium has agreed with the Netherlands, France, Luxembourg, and Germany to extend until March 31, 2021, tax administrative concessions for cross-border workers affected by COVID-19 restrictions. Read Full Story

Switzerland, Italy Agree Tax Deal For Frontier Workers

by Ulrika Lomas, Tax-News.com, Brussels

Friday, January 1, 2021

On December 23, 2020, Switzerland and Italy signed a new agreement on the taxation of cross-border commuters and an amendment to their existing double taxation agreement. Read Full Story

Malta Amends VAT Registration Thresholds

by Ulrika Lomas, Tax-News.com, Brussels

Friday, January 1, 2021

Malta has published The Value Added Tax Act (Amendment of Sixth Schedule) (Amendment No. 2) Regulations, 2020, which makes changes to the thresholds for VAT registration as a small undertaking. Read Full Story

• 25/12/2020 Austria Gazettes Law For New Interest Deduction Limitation »
• 24/12/2020 Russian Duma Approves Changes To Luxembourg And Cyprus DTAs »
• 22/12/2020 Dutch Senate Approves 2021 Tax Changes »
• 22/12/2020 Germany, Pakistan Ratify The BEPS MLI »
• 22/12/2020 Norway Issues VAT Regulation In Response To Brexit »
• 21/12/2020 Cyprus Government Fails To Pass Budget »
• 21/12/2020 Cyprus Extends Deadlines For CbC Reports »
• 18/12/2020 UK, Mexico Sign Continuity Trade Deal »
• 17/12/2020 Isle of Man Reminds Of Tax Payment Deadlines »
• 16/12/2020 Bermuda Consults Industry On New Conduct Of Business Regime »
• 16/12/2020 UK Eyeing VAT Rule Changes For Sharing Economy »
• 15/12/2020 Netherlands, Russia At Loggerheads Over DTA Revision »
• 14/12/2020 Germany, Poland Agree COVID-19 Cross-Border Worker Tax Deal »
• 11/12/2020 UK, Canada Sign Post Brexit Continuity Agreement »
• 11/12/2020 Netherlands Reforms Dividend WHT Refund Rules »
• 08/12/2020 EU Seeking Sanctions Against UK Over Tax Rules On Marked Fuels »
• 07/12/2020 ECJ AG Urges Ruling Against Belgian 'Excess Profit' Ruling System »
• 07/12/2020 EU Pressures Italy To End Tax Exemptions For Ports »
• 04/12/2020 Germany Gazettes Law To Ratify The BEPS MLI »
• 04/12/2020 Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report »
• 04/12/2020 OECD Releases 2020 Tax Trends Report »
• 03/12/2020 French Legislature Considering 2021 Finance Bill »
• 03/12/2020 EU Eyeing 2023 Start Date For DAC7 »
• 25/11/2020 UK Taxpayers May Arrange Payment Of Deferred VAT In 2021 »
• 25/11/2020 France Hikes VAT Due On Yacht Charters »

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