Business News

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

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

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

Norway Issues VAT Regulation In Response To Brexit

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 22, 2020

Norway intends to provide value-added tax administrative relief measures to UK businesses in response to Brexit. Read Full Story

Dutch Senate Approves 2021 Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 22, 2020

The Dutch Senate has approved the 2021 Tax Plan package, which introduces a lower rate of corporate tax for small- and medium-sized businesses. Read Full Story

UK Eyeing VAT Rule Changes For Sharing Economy

by Jason Gorringe, Tax-News.com, London

Tuesday, December 22, 2020

The UK Government is inviting input on the tax challenges associated with the rise of the sharing economy. Read Full Story

Bermuda Consults Industry On New Conduct Of Business Regime

by Jason Gorringe, Tax-News.com, London

Wednesday, January 13, 2021

The Bermuda Monetary Authority on December 15, 2020, released a new consultation paper on its proposal for a conduct of business regulatory regime to better protect retail investors. Read Full Story

ECJ AG Urges Ruling Against Belgian 'Excess Profit' Ruling System

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

European Court of Justice (ECJ) Advocate General Juliane Kokott has opined that the Commission was right to consider that the Belgian practice of making downward adjustments to profits of undertakings forming part of multinational groups, under the "excess profit" ruling scheme, constituted an aid scheme. Read Full Story

EU Pressures Italy To End Tax Exemptions For Ports

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

On December 4, 2020, the European Commission said that Italy must abolish its corporate tax exemptions for ports in order to align its tax regime with EU state aid rules. Read Full Story

Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. Read Full Story

OECD Releases 2020 Tax Trends Report

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

Tax revenues fell across the OECD for the first time in a decade during 2019, but a much larger decrease is expected in 2020 as a result of the COVID-19 pandemic, according to the OECD's newly released annual Revenue Statistics report. Read Full Story