Latest News
Ireland Publishes 2019 Finance Bill
by Jason Gorringe, Tax-News.com, London
Friday, October 18, 2019
The Irish Government has published its 2019 Finance Bill, which introduces changes to a number of SME-targeted tax incentives and implements a range of measures announced in this month's Budget. Read Full Story
Italian Government Approves Draft Budget
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 18, 2019
On October 16, 2019, the Italian Council of Ministers approved the draft Budget law for 2020, which will prevent an automatic rise in the rate of value-added tax, and includes further measures designed to combat tax avoidance and evasion. Read Full Story
Tax Agencies Meet To Discuss Use Of Big Data Analysis
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 18, 2019
Tax agencies from 31 countries discussed the ways they are using data analysis tools to improve tax enforcement and administration, at the first meeting of the IOTA Forum on Tax Debt Management, held in Prague, Czech Republic, On October 1-3, 2019. Read Full Story
Mauritius Welcomes EU's Endorsement Of Corporate Tax Changes
by Mary Swire, Tax-News.com, Hong Kong
Friday, October 18, 2019
Mauritius has welcomed recognition from the EU that the territory has made appropriate changes to its corporate tax regime to remove harmful elements. Read Full Story
Costa Rica Clarifies Amendments To Non-Cooperative Tax List
by Mike Godfrey, Tax-News.com, Washington
Friday, October 18, 2019
Costa Rica's Ministry of Finance has released a statement clarifying its decision to exclude a number of territories with low effective income tax rates from its list of non-cooperative territories. Read Full Story
Ireland Studies Potential Drop In Record High CIT Receipts
by Jason Gorringe, Tax-News.com, London
Friday, October 18, 2019
A reversal of recent surges in corporate tax receipts could hit tax revenues and affect the Ireland's longer-term economic position, according to analysis released by the Irish Finance Department. Read Full Story
Greece To Attract Wealthy With Lump Sum Tax
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, October 18, 2019
The Greek Government will reportedly include a lump sum flat tax in forthcoming tax legislation intended to encourage wealthy foreigners to relocate to Greece. Read Full Story
Brexit: UK Rolls Out Transitional Simplified Procedures For Importers
by Jason Gorringe, Tax-News.com, London
Friday, October 18, 2019
HM Revenue and Customs (HMRC) has automatically registered 95,000 businesses for its simplified import procedures, allowing most UK traders up to six months to pay import duties and submit customs declarations, if the UK leaves the EU without a deal on October 31, 2019. Read Full Story
IMF: Mexico Needs Comprehensive Tax Reform
by Mike Godrey, Tax-News.com, Washington
Friday, October 18, 2019
The IMF has said that a top priority for Mexico should be to raise non-oil tax revenues while making the tax system more progressive. Read Full Story
Switzerland Welcomes Removal From EU Tax Grey List
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 18, 2019
The Swiss Government has welcomed Switzerland's removal from the EU's list of non-cooperative tax jurisdictions, and said that the country meets and implements international tax standards. Read Full Story
Australian Tax Changes For Self-Managed Super Funds Effective
by Mary Swire, Tax-News.com, Hong Kong
Friday, October 11, 2019
Australia has enacted new integrity measures included in the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019 affecting self-managed super funds. Read Full Story
EU Updates Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 11, 2019
The EU has removed two countries from its list of non-cooperative tax jurisdictions and found a further five to have met their commitments on tax cooperation. Read Full Story
IRS Expands Virtual Currency Tax Guidance
by Mike Godfrey, Tax-News.com Washington
Friday, October 11, 2019
On October 9, 2019, the United States Internal Revenue Service issued two new pieces of guidance for taxpayers who engage in transactions involving virtual currency. Read Full Story
Ireland Issues Guide On Dual-Resident Companies
by Jason Gorringe, Tax-News.com, London
Friday, October 18, 2019
The Irish Revenue has published guidance on dual-resident companies that explains new rules introduced under the BEPS multilateral convention on tax treaties. Read Full Story
New Zealand Adds To Real Property Tax Reform Plans
by Mary Swire, Tax-News.com, Hong Kong
Friday, October 18, 2019
New Zealand has released a new consultation on proposals to further clarify the deductibility of holding costs (rates, interest, insurance, etc.) where land that is subject to tax on sale is used privately while it is held. Read Full Story
Greek 2020 Budget Submitted
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 11, 2019
On October 7, 2019, the Greek Ministry of Finance presented to parliament the 2020 Budget, which includes numerous tax cut measures announced recently by Prime Minister Kyriakos Mitsotakis. Read Full Story
Argentina Consults On New Transfer Pricing Rules
by Mike Godfrey, Tax-News.com, Washington
Friday, October 11, 2019
On October 2, 2019, Argentina's tax agency released new draft transfer pricing rules for consultation. Read Full Story
Italy May Probe Netflix's Tax Affairs
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 11, 2019
Milan's Public Prosecutor's Office has launched an investigation into whether Netflix owes tax in Italy, Italian daily Corriere Della Sera reported October 3, 2019. Read Full Story
Overseas Suppliers To NZ Urged To Register For GST
by Mary Swire, Tax-News.com, Hong Kong
Friday, October 18, 2019
New Zealand's tax agency has urged overseas businesses who sell goods valued at NZD1,000 (USD629) or less to register for GST ahead of the December 1, 2019, deadline. Read Full Story
Switzerland Sends 2019 Taxpayer Data Under CRS
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 11, 2019
Switzerland's Federal Tax Administration has announced the exchange of information on millions of financial accounts with 75 partner countries. Read Full Story
Czech Republic To Apply Generalized Reverse Charge From Jan 1
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 11, 2019
The Czech Republic will be permitted to use the new generalized reverse charge mechanism from January 1, 2020, until June 30, 2022. Read Full Story
Netherlands Begins Consultation On Tax Blacklist
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 11, 2019
On October 7, 2019, the Dutch Government announced the launch of a consultation on the 2020 edition of the list of low-tax jurisdictions for the purposes of enforcing existing and forthcoming anti-avoidance legislation intended to tackle base erosion and profit shifting. Read Full Story
New Zealand Guides On Correcting Overcharged Output GST
by Mary Swire, Tax-News.com, Hong Kong
Friday, October 18, 2019
New Zealand's Inland Revenue has released new goods and services tax guidance for businesses who have incorrectly charged an amount of output tax. Read Full Story
Ireland Explains Tax Rules For Payments To Non-Resident Landlords
by Jason Gorringe, Tax-News.com, London
Friday, October 18, 2019
The Irish Revenue has updated its Tax and Duty Manual on the taxation of non-resident landlords to clarify a number of obligations. Read Full Story
German Government Approves Climate Plan
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 4, 2019
On October 1, 2019, the German Federal Cabinet approved financing of EUR54bn (USD59bn) for the Climate Protection Program 2030, which includes the introduction of carbon pricing, as well as other tax measures intended to encourage the use of cleaner forms of transport. Read Full Story
- 04/10/2019 Panama Launches New General Tax Amnesty »
- 03/10/2019 Costa Rica Simplifies VAT For Agricultural Businesses »
- 03/10/2019 New Zealand Offering Simpler, Cheaper Rulings For SMEs »
- 03/10/2019 IRS Grants Relief For US Persons Affected By Section 958 Repeal »
- 03/10/2019 OECD To Provide Another Update On Int'l Tax Reform Work »
- 02/10/2019 Japan Hikes Sales Tax To Ten Percent »
- 02/10/2019 Algeria Releases 2020 Draft Budget »
- 02/10/2019 Irish Tax Investigations Typically Last Almost A Year »
- 02/10/2019 An Update On Brazil's Efforts To Install VAT »
- 01/10/2019 New Zealand Lining Up More Tax Relief For Fledgling Firms »
- 01/10/2019 Zambia Decides To Keep VAT, Amend Tax For Miners In 2020 Budget »
- 01/10/2019 Switzerland Legislates To Improve Taxpayer Oversight »
- 27/09/2019 Russia Clarifies Tax Treaty Access Rules For Non-Res Holding Companies »
- 27/09/2019 Sanders Unveils US Wealth Tax »
- 27/09/2019 Poland Adopts 2020 Budget »
- 26/09/2019 France To Introduce VAT Requirements For Online Marketplaces »
- 26/09/2019 Tax Experts Have Helped Developing Countries Net USD500m In Tax »
- 25/09/2019 Starbucks' Dutch Tax Ruling Vindicated By EU General Court »
- 25/09/2019 EU Court Upholds Commission's Fiat Tax Ruling Decision »
- 25/09/2019 Austrian Parliament Approves Digital Tax »
- 25/09/2019 Indian GST Council Approves Changes To Filing Rules, Rates »
- 25/09/2019 Polish Split Payment Mechanism In Force November 1 »
- 25/09/2019 Tax Agencies Increasingly Deploying Technology To Improve Tax Take »
- 25/09/2019 Sweden Begins Consultation On Anti-Hybrid Rules »
- 24/09/2019 India Announces 22pc Corporate Tax Rate »
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