Business News

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

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

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

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

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 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

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

EU Introducing Next Raft Of Anti-BEPS Measures

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 31, 2019

The provisions of the EU's second Anti Tax Avoidance Directive will become effective in all member states from January 1, 2020. Read Full Story

Switzerland To Overhaul Corporate Tax Rules On January 1

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 31, 2019

Switzerland is due to introduce its new corporate tax regime from the beginning of 2020. Read Full Story

Traders Must Use New Dutch VAT ID Numbers From 2020

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 8, 2020

From January 1, 2020, sole proprietors in the Netherlands will be required to use new value-added tax identification numbers. Read Full Story

Tax Extenders Passed In US Spending Package

by Mike Godfrey, Tax-News.com Washington

Monday, December 23, 2019

On December 17, 2019, the United States House of Representatives passed a year-end spending package, which includes legislation extending numerous expired and expiring tax provisions, and repealing certain taxes introduced to help fund the Obamacare health care reforms. Read Full Story

EU Parliament Adopts Position On Digital Tax Reforms

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 23, 2019

Members of the European Parliament have said that the EU should be prepared to act if global plans to reform the taxation of the digital economy fail. Read Full Story