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currency News

Turkey Cuts CIT For Manufacturing Firms, Exporters

by Ulrika Lomas,, Brussels

Wednesday, February 16, 2022

The Turkish Government has recently enacted Law No. 7,351, which provides corporate tax reliefs for exporters and manufacturing businesses. Read Full Story


Australian Tax Agency Announces Virtual Currency Tax Focus

by Mary Swire,, Hong Kong

Wednesday, June 9, 2021

The Australian Taxation Office has expressed its concern that some taxpayers do not fully understand the tax implications of cryptocurrency gains. Read Full Story


OECD Indicates New Focus On Virtual Currency Tax Issues

by Ulrika Lomas,, Brussels

Tuesday, October 20, 2020

The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets. Read Full Story


Turkey Cuts Tax On Forex Transactions

by Lorys Charalambous,, Cyprus

Monday, October 5, 2020

Turkey has reversed an increase to the country's Banking Insurance Transaction Tax (BSMV) on foreign currency and gold purchases. Read Full Story


France Lowers Threshold For Tourist VAT Refunds

by Ulrika Lomas,, Brussels

Tuesday, September 22, 2020

France has cut the amount that tourists must spend to claim back the VAT on their purchases. Read Full Story


Cyprus Adds To Guidance On Calculation Of NIDs

by Lorys Charalambous,, Cyprus

Tuesday, September 29, 2020

The Cyprus Tax Department has released ten-year government bond yield rates for five new territories, to support businesses in calculating claims for Cyprus's Notional Interest Deduction. The rates are for Bermuda, Denmark, Jordan, Portugal, and Switzerland. Read Full Story


France Clarifies Eligibility For COVID-19 Property Tax Reliefs

by Ulrika Lomas,, Brussels

Tuesday, August 18, 2020

The French Government has listed the businesses that may exceptionally benefit from a two-thirds reduction in local property tax. Read Full Story


J5 Group Marks Two Years Of Collaboration On Tackling Fiscal Crime

by Mike Godfrey, Washington

Friday, July 17, 2020

On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years' work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud. Read Full Story


New Zealand Proposing GST Exemption For Crypto-Assets

by Mary Swire,, 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


US IRS Updates Virtual Currency FAQs

by Mike Godfrey, 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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