Other News

OECD Releases 2020 Tax Trends Report
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
Tax revenues fell across the OECD for the first time in a decade during 2019, but a much larger decrease is expected in 2020 as a result of the COVID-19 pandemic, according to the OECD's newly released annual Revenue Statistics report. Read Full Story

UK Updates Brexit VAT Guidance For Imported Goods
by Jason Gorringe, Tax-News.com, London
Tuesday, October 20, 2020
On October 5, 2020, the UK tax authority added considerably to its Brexit guidance for businesses on the value-added tax rules that will apply to goods entering Great Britain from outside the UK. Read Full Story

France Enhances COVID-19 Tax-Free Bonus Scheme
by Ulrika Lomas, Tax-News.com, Brussels
Monday, September 14, 2020
The French tax authority has announced that it will modify and extend a scheme that allows employers to pay workers tax-free bonuses. Read Full Story

COVID-19: Austria To Bring Forward Individual Income Tax Cut
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, June 25, 2020
Austrian Finance Minister Gernot Blumel said on June 16, 2020, that elements of an income tax cut package agreed by the governing coalition earlier this year will be brought forward as part of a post-COVID-19 economic stimulus package. Read Full Story

UAE Adapts Economic Substance Rules To COVID-19
by Lorys Charalambous, Tax-News.com, Cyprus
Thursday, June 25, 2020

US House Passes COVID-19 Stimulus Bill With Tax Measures
by Mike Godfrey, Tax-News.com Washington
Thursday, May 28, 2020
On May 15, 2020, the United States House of Representatives approved the HEROES Act, which amends previous COVID-19-related stimulus legislation by changing loss carryback rules and providing further tax support for businesses and individuals. Read Full Story

COVID-19: New Zealand Legislates For New Loss Carryback Regime
by Mary Swire, Tax-News.com, Hong Kong
Friday, May 15, 2020
New Zealand's parliament has endorsed the COVID-19 Response (Taxation and Other Regulatory Urgent Measures) Bill, a second taxation Bill in response to COVID-19. The Bill received Royal Assent on April 30, 2020. Read Full Story

Mexican Government Yet To Provide COVID-19 Tax Breaks
by Mike Godfrey, Tax-News.com, Washington
Wednesday, April 15, 2020
The Mexican federal Government has yet to provide tax relief to businesses and individuals, although state authorities have announced their own measures. Read Full Story

New Zealand Proposing GST Exemption For Crypto-Assets
by Mary Swire, Tax-News.com, Hong Kong
Tuesday, March 17, 2020
New Zealand's Inland Revenue Department has announced the launch of a consultation on potential reforms to improve the goods and services tax regime. Read Full Story

OECD Release Landmark TP Guidance On Financial Transactions
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, February 20, 2020
The OECD has released a report providing transfer pricing guidance on financial transactions, as part of its follow-up work on tackling tax base erosion and profit shifting, under Actions 4, 8, 9, and 10 of the BEPS Action Plan. Read Full Story
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