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Finance News

Poland Launches Consultation On VAT Split Payment Mechanism

by Ulrika Lomas,, Brussels

Wednesday, June 5, 2019

On May 16, 2019, Poland's Ministry of Finance launched a public consultation on proposals to introduce a VAT split payment mechanism on a mandatory basis for certain suppliers. Read Full Story


Netherlands Announces 2019 Fiscal Agenda

by Ulrika Lomas,, Brussels

Friday, May 31, 2019

On May 28, 2019, Dutch State Secretary for Finance Menno Snel issued an update on the Government's 2019 fiscal agenda, which includes an outline of tax legislative proposals that the Government intends to submit to parliament in the remainder of the year. Read Full Story


Wyden Bill Would Close US Carried Interest 'Loophole'

by Mike Godfrey,, Washington

Friday, May 31, 2019

On May 23, 2019, the Ranking Member of the United States Senate Finance Committee, Ron Wyden (D-OR), introduced a bill to change the tax treatment of income earned by investment fund managers. Read Full Story


UK Tables Regulations For Offshore Intangibles Measure

by Jason Gorringe,, London

Friday, May 31, 2019

The UK Government has published for consultation draft regulations for the "Offshore receipts in respect of intangible property measure," added to UK law via Schedule 3 to the Finance Act 2019. Read Full Story


Greek Parliament Approves VAT Cuts

by Ulrika Lomas,, Brussels

Tuesday, May 21, 2019

The Greek Government has announced that parliament has approved legislation reducing the rate of value-added tax on food and energy. Read Full Story


Philippines Seeking Passage Of Corporate Tax Plan By Summer

by Mary Swire,, Hong Kong

Friday, May 10, 2019

The Philippines Government has said that it hopes to secure approval from Congress of the corporate income tax reform package within the next few months. Read Full Story


Dutch Proposals For Tax Rulings Reform Before Parliament

by Ulrika Lomas,, Brussels

Wednesday, May 1, 2019

In a letter to the Dutch House of Representatives, the State Secretary for Finance, Menno Snel, has outlined legislative proposals to be debated by the lower house on the issuance of Dutch tax rulings with an international character. Read Full Story


India Consults On Unitary Taxation Proposals

by Mary Swire,, Hong Kong

Monday, April 29, 2019

India's Central Board of Direct Taxes has launched a new consultation on proposals to amend Article 7 of India's double tax treaties on permanent establishment, and rule 10 in the Income Tax Rules, 1962, to establish a formula to bring within the charge to Indian tax a proportion of profits of a multinational deemed to have a significant digital presence in India. The country is considering using a formulary apportionment approach, akin to that proposed under the EU's Common Corporate Tax Base initiative. Read Full Story


Czech Lawmakers To Decide On VAT Rate Cuts

by Ulrika Lomas,, Brussels

Monday, April 29, 2019

On April 17, 2019, the Czech Finance Ministry announced that legislation, which includes value-added tax cuts on water, sewerage, catering, and professional services, has been submitted to parliament for its third reading. Read Full Story


Germany Legislates To Improve Tax Dispute Resolution

by Ulrika Lomas,, Brussels

Monday, April 29, 2019

On April 16, Germany's Ministry of Finance published a draft law that would transpose into German law the requirements of the European Union directive on tax dispute settlement mechanisms. Read Full Story



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