Mauritius Overhauls Tax Regime In 2019-20 Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, June 21, 2019

Mauritius announced a multitude of changes to all areas of its tax regime in its 2019-2020 Budget, including international tax reforms; value-added tax changes; new corporate tax relief measures, including a new patent box regime; a regime for peer-to-peer lending; individual tax breaks; and a tax amnesty scheme. Read Full Story

Hungary Announces Tax Cut Plan

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

On May 31, 2019, the Hungarian Ministry of Finance announced numerous tax cuts as part of an economic growth plan. Read Full Story

Switzerland To Refund Unlawful VAT On TV Fees

by Ulrika Lomas, Tax-News.com, Brussels

Monday, April 29, 2019

The Swiss Federal Council is consulting on proposals for the refund of the VAT on the reception fee for TV and radio. Read Full Story

Barbados To Slash PIT Rates Through Indirect Tax Grab

by Mike Godfrey, Tax-News.com, Washington

Monday, April 15, 2019

Barbados's 2019 Budget includes proposals to remove VAT input tax credits for various supplies, reform the personal income tax regime, and generate more revenues from property taxes and the gaming sector. Read Full Story

UK Urges Businesses To Prepare For VAT Process Disruptions

by Jason Gorringe, Tax-News.com, London

Monday, February 18, 2019

The UK Government has released VAT guidance for businesses on how existing IT processes will be impacted should the UK leave the EU on March 29, 2019, without a deal. Read Full Story

UK Legislates To Close Insurance VAT Loophole

by Jason Gorringe, Tax-News.com, London

Friday, December 21, 2018

On December 11, 2018, the UK Government tabled The Value Added Tax (Input Tax) (Specified Supplies) (Amendment) Order 2018 before the House of Commons to close a VAT avoidance loophole that is exploited by some UK insurers. Read Full Story

HMRC Changes Position On VAT On Cost-Sharing Groups

by Jason Gorringe, Tax-News.com, London

Thursday, March 22, 2018

The UK tax agency, HM Revenue and Customs, has released new guidance on its policies concerning cost-sharing groups following rulings from the European Court of Justice on their VAT treatment. Read Full Story

Indian GST Council Extends Relief For Exporters

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, March 13, 2018

During its 26th meeting, India's GST Council pushed forward the introduction of a new system to streamline input tax credits for exporters and extended specific reliefs. Read Full Story

ECJ Rules Against Portugal In Input VAT Credit Dispute

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 6, 2018

The European Court of Justice has provided a ruling against the Portuguese tax and customs authority in favor of a taxpayer who challenged the authority's decision that it should be retroactively precluded from deducting tax incurred on inputs in relation to a supply of leasing and letting transactions. The tax and customs authority required the taxpayer, Imofloresmira, to make adjustments to VAT deductions on the ground that the properties at issue had been unoccupied for over two years and were therefore regarded as no longer being used for the purposes of its own taxed transactions, even though, during that period, the company always had the intention of letting those properties and undertook the necessary steps to that end. Read Full Story

Brexit: EU Explains Tax Impact On Cross-Border Trade

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, February 7, 2018

The EU's Directorate-General for Tax and Customs Union has explained how the UK ceasing to be a member of the European Union will impact the customs and value-added tax rules applying to UK businesses and EU firms trading with the UK. Read Full Story

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.