International Tax News

UK Gov't To Pursue Brexit, Digital Services Tax After Election Win

by Jason Gorringe, Tax-News.com, London

Last updated 2 hours ago | Monday, December 16, 2019

The Conservative Party in the UK has won an outright majority in elections held on December 12, 2019. Read Full Story

Belgium Requires Rounding For Cash Payments

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 2 hours ago | Monday, December 16, 2019

On December 9, 2019, the Belgian Federal Public Finance Service reminded vendors that since December 1, 2019, they are required to round off cash payments to the nearest five cents. Read Full Story

Singapore, Germany Add BEPS Amendments To DTA

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

Last updated 2 hours ago | Monday, December 16, 2019

Singapore and Germany have signed a protocol to their double taxation agreement, which brings the treaty into line with international standards and amends the maximum withholding tax rates that may be charged. Read Full Story

OECD To Set Out Proposals For Brazilian Transfer Pricing Reform

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 2 hours ago | Monday, December 16, 2019

The OECD is to soon release a report to support Brazil's federal tax agency to potentially converge its transfer pricing rules with the OECD's transfer pricing guidelines. Read Full Story

Liechtenstein, Switzerland Agree Administrative Cooperation On VAT

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 2 hours ago | Monday, December 16, 2019

Liechtenstein and Switzerland have agreed a new cooperation pact in the area of value-added tax administration and enforcement. Read Full Story

Argentina Further Extends Transfer Pricing Deadlines

by Mike Godfrey, Tax-News.com, Washington

Last updated 2 hours ago | Monday, December 16, 2019

Argentina's tax agency has announced further extensions to tax filing dates for transfer pricing filings for financial years ending on December 31, 2018. Read Full Story

Germany Presents Text For EU Financial Transactions Tax

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 2 hours ago | Monday, December 16, 2019

German Finance Minister Olaf Scholz has presented a final proposal for a European Union financial transactions tax to the 10 member states participating in the initiative. Read Full Story

Swiss Tax Disputes Resolved Quickly In 2018: Report

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

Switzerland has released a report on its efforts to resolve tax disputes, noting that the average time to complete mutual agreement procedure cases was 13 months in 2018, significantly below that required under the BEPS minimum standards. Read Full Story

Irish Taxpayers Must Renew 2014 Tax Rulings

by Jason Gorringe, Tax-News.com, London

Friday, December 6, 2019

Companies with a tax ruling dating from 2014 from the Irish Revenue have been encouraged to renew these before they expire. Read Full Story

OECD Releases Eight New Action 14 Peer Reviews

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

The OECD recently released the seventh round of stage one peer review reports, assessing eight jurisdictions' efforts to implement the BEPS Action 14 minimum standard on tax dispute resolution. Read Full Story

IRS Issues Final Foreign Tax Credit Regulations

by Mike Godfrey, Tax-News.com Washington

Friday, December 6, 2019

On December 2, 2019, the United States Internal Revenue Service issued final regulations on the foreign tax credit following major changes to the US tax code. Read Full Story

Switzerland Publishes New English-Language VAT Guide

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 6, 2019

The Swiss Federal Tax Authority has released new English-language guidance for foreign businesses on their obligations under Swiss VAT law. Read Full Story