EU Invites Comments On Italian Port Taxation

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 15, 2020

An invitation to submit comments with regards to the corporate tax exemption provided to ports in Italy was published in the January 10, 2020, issue of the Official Journal of the European Union. Read Full Story

Aruba Releases Transfer Pricing Documentation Templates

by Mike Godfrey, Tax-News.com, Washington

Wednesday, January 15, 2020

Caribbean territory Aruba has released instructions on the completion of transfer pricing documentation and released model templates for completion. Read Full Story

Netherlands To Split Tax Agency

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 15, 2020

On January 11, 2020, Dutch Minister of Finance Wopke Hoekstra informed the House of Representatives about the Government's plans to restructure the tax authorities. Read Full Story

Switzerland Simplifies Process For German WHT Refunds

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 15, 2020

The Swiss Government has said that from January 31, individuals and legal entitles domiciled in Germany will be able to use an online Swiss application to request a refund of Swiss withholding tax. Read Full Story

Japan, Morocco Sign New Tax Agreement

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

Wednesday, January 15, 2020

On January 8, 2020, Japan and Morocco signed a double taxation agreement. Read Full Story

UK Reports On Adoption Of EU's DAC6 Tax Scheme Reporting Rules

by Jason Gorringe, Tax-News.com, London

Wednesday, January 15, 2020

On January 8, 2020, the UK Government released a policy paper setting out how the UK will temporarily adopt the "DAC 6" EU disclosure requirements on intermediaries that design or sell potentially harmful tax schemes. Read Full Story

BEPS Changes Effective For UK-Belgium Double Tax Deal

by Jason Gorringe, Tax-News.com, London

Wednesday, January 15, 2020

The UK Government on January 10, 2020, released the synthesized text of the 1987 Belgium-UK double tax agreement, as modified by the BEPS multilateral instrument. Read Full Story

Korea Enacts 2019 Tax Revision Bill

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

Wednesday, January 15, 2020

The Korean Government has announced that the 2019 Tax Revision Bill was enacted on January 6, 2020, with a number of new measures added to the existing proposals. Read Full Story

Netherlands-UK Synthesized Double Tax Agreement Text Released

by Jason Gorringe, Tax-News.com, London

Wednesday, January 15, 2020

The UK Government on January 6, 2020, released the synthesized text of the 2008 Netherlands-UK double tax agreement, as modified by the BEPS multilateral instrument. Read Full Story

IRS Launches Gig Economy Tax Center

by Mike Godfrey, Tax-News.com Washington

Wednesday, January 15, 2020

On January 9, 2019, the United States Internal Revenue Service announced the launch of a new Gig Economy Tax Center, which is intended to help taxpayers meet their tax obligations through more streamlined information. Read Full Story

New Austrian Government Agrees On Tax Reforms

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 15, 2020

The new Austrian coalition government, consisting of the conservative People's Party and the Green Party, has agreed on a program for government, which includes several significant tax measures. Read Full Story

Nigeria Offers Grace Period For Obtaining Tax Clearance Certificates

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, January 15, 2020

The Executive Chairman of Nigeria's Federal Inland Revenue Service, Muhammad Nami, has signed a notice providing companies with an extra 30-day window to obtain a tax clearance certificate. Read Full Story

France Updates Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 15, 2020

On January 6, 2019, a decree was published in the French Official Journal to modify the list of non-cooperative states and territories in tax matters. Read Full Story

France And US Seek End To Digital Tax Dispute

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 15, 2020

According to French Finance Minister Bruno Le Maire, France and the United States will in the next two weeks attempt to reach a compromise over their ongoing dispute regarding France's new digital services tax. Read Full Story

USTR Holds Public Hearing On French Digital Tax

by Mike Godfrey, Tax-News.com Washington

Wednesday, January 8, 2020

On January 6, 2020, the United States Trade Representative (USTR) announced that an on-the-record but off-camera public hearing would be held on January 7 on proposed action against France's digital services tax (DST). Read Full Story

US IRS Updates Virtual Currency FAQs

by Mike Godfrey, Tax-News.com Washington

Wednesday, January 15, 2020

The United States Internal Revenue Service has recently updated its list of frequently asked questions and answers on the tax treatment of transactions involving virtual currencies. Read Full Story

Malta Updates Guidelines On Automatic Exchange Of Account Info

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, January 8, 2020

Malta's Commissioner for Revenue on January 2, 2020, issued a single set of guidelines on the automatic exchange of financial account information. Read Full Story

Austria Publishes Digital Tax Guide

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 8, 2020

The Austrian Ministry of Finance has published guidance in English regarding the Digital Tax Act 2020, which was approved by the upper house of the Austrian parliament on October 10, 2019, and which applies to the provision of digital advertising services from 2020. Read Full Story

New Spanish Coalition Agrees Tax Plan

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 8, 2020

The Spanish Socialist Party and the Podemos movement, which will form the next governing coalition, has released their policy document, which includes plans for a corporate minimum tax, among other tax measures. Read Full Story

Turkey Cuts VAT On Furniture

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, January 15, 2020

The Turkish Government has decided to reinstate a reduced rate of value-added tax on supplies of furniture, according to Finance Minister Berat Albayrak. Read Full Story

Turkey Introduces New 40pc Top Tax Rate for Individuals

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, January 8, 2020

Turkey has published General Communication No. 310 in the Official Gazette, which sets income tax thresholds and rates for 2020. Read Full Story

Seychelles Enacts Law For New Property Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, December 31, 2019

Seychelles' new Immovable Property Tax Act, 2019, was enacted on December 27, 2019. Read Full Story

German FinMin Outlines 2020 Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 31, 2019

The German Ministry of Finance has outlined a number of tax changes that are due to take effect in 2020 and 2021. Read Full Story

Netherlands Adds To Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 31, 2019

Barbados and Turkmenistan have been added to the Netherlands' list of low-tax jurisdictions for the purposes of enforcing certain anti-tax avoidance rules, the Dutch Ministry of Finance announced on December 30, 2019. Read Full Story

Turkey Extends VAT Exemption For Machinery

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, December 31, 2019

On December 24, 2019, a law was published in Turkey's official gazette extending a value-added tax exemption for the purchase of machinery and equipment. Read Full Story

• 27/12/2019 EU Introducing Next Raft Of Anti-BEPS Measures »
• 27/12/2019 Switzerland To Overhaul Corporate Tax Rules On January 1 »
• 27/12/2019 Jordan Signs Up To BEPS MLI »
• 27/12/2019 Ireland Amends Guidance On MAP Assistance »
• 25/12/2019 OECD Releases New CbC Reporting Guidance »
• 25/12/2019 Switzerland, Italy Agree Tax Deal Covering Campione d'Italia »
• 24/12/2019 Traders Must Use New Dutch VAT ID Numbers From 2020 »
• 24/12/2019 OECD Reports Progress On Improving Tax Ruling Transparency »
• 24/12/2019 Luxembourg's 2020 Budget Approved By Parliament »
• 23/12/2019 Tax Extenders Passed In US Spending Package »
• 23/12/2019 Nigeria To Begin Tax Enforcement Campaign »
• 20/12/2019 EU Parliament Adopts Position On Digital Tax Reforms »
• 20/12/2019 German Lawmakers Agree Climate Package »
• 20/12/2019 Belgium To Expedite VAT Refunds For Start-Ups »
• 19/12/2019 Dutch Senate Approves Tax Plan »
• 18/12/2019 EU Backs 'Accidental Americans' In US Tax Fight »
• 18/12/2019 Honduras Joins BEPS Inclusive Framework »
• 18/12/2019 Saint Kitts And Nevis Announces Another 'Tax-Free' Budget »
• 17/12/2019 New Zealand Announces New Rules For Tax Operating Leases »
• 17/12/2019 EU Approves New Tonnage Tax Schemes »
• 16/12/2019 UK Gov't To Pursue Brexit, Digital Services Tax After Election Win »
• 16/12/2019 Switzerland Redrafts Double Tax Treaty Law »
• 13/12/2019 Singapore, Germany Add BEPS Amendments To DTA »
• 13/12/2019 Canada, Mexico, US Agree Free Trade Deal Amendments »
• 13/12/2019 Belgium Requires Rounding For Cash Payments »

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

To manage your mailing list preferences, please click here »