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EU Green Lights E-Commerce Transaction Reporting Rules

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

The European Council has approved new rules for the exchange of VAT payment data relating to cross-border e-commerce transactions. Read Full Story

 


OECD Proposes Harmonized Gig Economy Reporting Rules

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

The OECD on February 19, 2020, released a proposal for a framework for sharing and gig economy platforms to report the activities of their users. Read Full Story

 


EU Adds Cayman Isles, Panama, Seychelles To Tax Blacklist

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

The EU has added the Cayman Islands, Palau, Panama, and the Seychelles to its list of non-cooperative tax jurisdictions, bringing the total tally to 12 from 8. Read Full Story

 


OECD Provides Update To G20 On BEPS Work

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses. Read Full Story

 


Germany Urged To Ensure Data Sharing On Call-Off Stock Arrangements

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

Germany's IT systems are not ready for the VAT "quick fix" simplifications that entered into force on January 1, 2020, according to the European Commission. Read Full Story

 


Australia Announces CbC Reporting Changes

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

Thursday, February 20, 2020

The Australian Taxation Office has announced changes to its CbC reporting system following feedback from multinational groups. Read Full Story

 


OECD Says Digital Tax Plans Will Boost Most States' Revenues

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

During a February 13, 2020, webcast, the OECD presented economic analysis on the potential impact of what it has proposed on international tax reform to address the digitalization of the economy. Read Full Story

 


Italy Launches Consultation On Patent Box Rules

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

On February 10, 2020, the Italian tax agency commenced a short consultation on the rules surrounding the patent box self-assessment regime. Read Full Story

 


Hungary Proposes Improved R And D Tax Reliefs

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 20, 2020

The Hungarian Ministry of Finance announced that the Government is considering further tax cuts for businesses, including improvements to the deductions available for research and development spending, following a meeting of the National Competitiveness Council. Read Full Story

 


Turkey Issues Draft Guidance On Digital Services Tax

by Lorys Charalambous, Tax-News.com, Cyprus

Thursday, February 20, 2020

The Turkish tax authority has published a draft communique on the application of the digital sales tax, which is set to come into effect on March 1, 2020. Read Full Story

 

 

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