Economy News

OECD Indicates New Focus On Virtual Currency Tax Issues

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, October 20, 2020

The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets. Read Full Story

France Provides SMEs With More COVID-19 Tax Relief Measures

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 25, 2020

The French Government has presented to the Council of Ministers a third amendment to the Finance Bill for 2020, which provides additional support for businesses affected by the COVID-19 outbreak. Read Full Story

Brazil Lifts Import Duties On COVID-19 Medical Supplies

by Mike Godfrey, Tax-News.com, Washington

Friday, May 15, 2020

Brazil's Ministry of the Economy has announced that it has significantly expanded the list of products that can be received in Brazil free from import duties until September 30, 2020. Read Full Story

Coronavirus Won't Delay Digital Tax Work, OECD Says

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 30, 2020

The OECD has said that it is continuing to forge ahead with the development of new international tax rules for the digitalized economy. Read Full Story

Germany Relaxes Tax Payment Rules

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 17, 2020

On March 13, 2020, the German Ministry of Finance announced the relaxation of certain tax payment requirements as part of a package of measures designed to ease the economic impact of the COVID-19 virus. Read Full Story

OECD Seeks Input Towards 2020 CbC Reporting Review

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 6, 2020

The OECD has released a public consultation document as part of a review into the new transfer pricing documentation rules introduced as part of BEPS Action 13. Read Full Story

OECD To Report On Potential Impact Of Its New Digital Tax Rules

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 6, 2020

The OECD is to host a webcast on February 13, 2020, to present its analysis of the potential impact of its proposals for international tax reform to address the tax challenges arising from the digitalization of the economy. Read Full Story

Belgium Urged To Pursue Lower Taxes On Labor

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 6, 2020

Belgium should continue to pursue structural reforms to its tax, labor, and pension systems, a new report from the OECD recommends. Read Full Story

German Businesses Call For 25pc Corporate Tax Rate

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 6, 2020

The Federal Association of German Industry, the BDI, has urged the German government to forge ahead with corporate tax reforms, warning that Germany's corporate tax regime is becoming increasingly out of step with the country's competitors. 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

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