International Tax News

UK's COVID-19 VAT Payment Deferral Scheme Ends

by Jason Gorringe, Tax-News.com, London

Friday, July 3, 2020

HM Revenue and Customs (HMRC) has released guidance for businesses following the end of the VAT payments deferral scheme on June 30, 2020. Read Full Story

UK Issues COVID-19 Guidance On Interest Expense Deduction Regime

by Jason Gorringe, Tax-News.com, London

Friday, July 3, 2020

HM Revenue and Customs has released an update to guidance on the UK's interest deduction limitation rules for corporate groups regarding the appointment of a reporting company. Read Full Story

Switzerland To Introduce VAT Domestic Reverse Charge On Emissions Trading

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 3, 2020

Switzerland has proposed introducing the value-added tax reverse charge mechanism for domestic transactions in emission allowances. Read Full Story

German Parliament Approves COVID-19 Tax Package

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 3, 2020

Both houses of the German parliament have now approved the EUR130bn (USD146bn) COVID-19 economic stimulus plan, which includes numerous tax relief measures. Read Full Story

Belgium Extends COVID-19 Cross-Border Worker Tax Deals

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 3, 2020

Belgium has extended agreements with France, Germany, Luxembourg, and the Netherlands clarifying the tax rules for frontier workers working from home due to COVID-19. Read Full Story

EU Approves Italian COVID-19 Tax Breaks

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 3, 2020

The European Commission has approved under state aid rules four Italian tax schemes to support companies and self-employed workers affected by the coronavirus outbreak. Read Full Story

Ireland Releases Stamp Duty Guidance On Related-Party Transactions

by Jason Gorringe, Tax-News.com, London

Thursday, June 25, 2020

The Irish Revenue has updated its guidance on stamp duty to clarify a number of issues related to the conditions for companies to avail themselves of associated companies relief. Read Full Story

COVID-19: Belgium Clarifies Tax Deadlines For Non-Resident Individuals

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 25, 2020

On June 24, 2020, the Belgian Ministry of Finance issued a clarification of tax payment deadlines for non-resident individuals after the tax authority issued tax statements with the wrong due dates. Read Full Story

Switzerland Planning New VAT Rules For Mail Order Companies

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 25, 2020

The Swiss Federal Council has launched a consultation on the amendments to the VAT law, with a focus on the tax treatment of mail order businesses and the administrative burden on SMEs. Read Full Story

Netherlands To Restrict Excessive Borrowing From Own Companies

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 25, 2020

The Dutch Government has submitted a bill to parliament that will restrict the amount that shareholders can borrow from their own companies without the imposition of tax. Read Full Story

Switzerland Rules Out Tax Changes For Blockchain Technology

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 25, 2020

The Swiss Finance Department has said that changes to tax law are not currently needed in response to developments in distributed ledger technology and blockchain. Read Full Story

US Withdraws From International Digital Tax Talks

by Mike Godfrey, Tax-News.com Washington

Friday, July 3, 2020

US Trade Representative Robert Lighthizer told a congressional hearing on June 17, 2020, that the US Government has withdrawn from international negotiations on new global tax rules for digital companies at the OECD. Read Full Story