Other News

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

German Lawmakers Reject VAT Cut On Rail Fares
by Ulrika Lomas, Tax-News.com, Brussels
Friday, December 6, 2019
The upper house of the German parliament, the Bundesrat, has rejected certain tax elements of the Government's climate protection plan, including a reduction in value-added tax on long-distance rail travel. Read Full Story

Tax Agencies Meet To Discuss Use Of Big Data Analysis
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 18, 2019
Tax agencies from 31 countries discussed the ways they are using data analysis tools to improve tax enforcement and administration, at the first meeting of the IOTA Forum on Tax Debt Management, held in Prague, Czech Republic, On October 1-3, 2019. Read Full Story

Algeria Releases 2020 Draft Budget
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, October 4, 2019
Algeria has released its draft Budget Law for 2020, including proposals for a number of tax reliefs. Read Full Story

Zambia Decides To Keep VAT, Amend Tax For Miners In 2020 Budget
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, October 4, 2019
Zambia announced that it will retain value-aded tax but strengthen its administration and make changes to the tax environment for mining companies in the 2020 Budget, released on September 27, 2019. Read Full Story

Netherlands Planning Slower But Deeper Corporate Tax Cut
by Ulrika Lomas, Tax-News.com, Brussels
Friday, September 20, 2019
On September 17, 2019, Dutch State Secretary for Finance Menno Snel presented the Government's 2020 Tax Plan to the House of Representatives. It includes revised plans for corporate tax cuts. Read Full Story

OECD Says Pace Of Global Tax Reform Has Slowed
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, September 5, 2019
The pace of tax reform has slowed across most leading economies, a new report from the OECD says, calling for bolder tax reforms to address future challenges. Read Full Story

Poland To Track Heating Fuel Sales To Tackle Tax Evasion
by Ulrika Lomas, Tax-News.com, Brussels
Friday, August 30, 2019
To tackle tax evasion, Poland has announced new registration obligations for those who sell fuels for heating, or those that use such fuels for heating a home or business. Read Full Story
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