Other News

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

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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

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

US IRS Updates Virtual Currency FAQs

by Mike Godfrey, Tax-News.com Washington

Wednesday, January 15, 2020

The United States Internal Revenue Service has recently updated its list of frequently asked questions and answers on the tax treatment of transactions involving virtual currencies. Read Full Story

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