food News

EU Finance Ministers Agree Landmark VAT Rate Rule Changes

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 5, 2022

EU finance ministers have agreed an update to the rules governing value-added tax rates for goods and services. Read Full Story

Mauritius Announces New Tax Reliefs In 2021-22 Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, August 6, 2021

Mauritius announced numerous tax relief measures for investors and for wealthy foreign individuals in its newly released Budget. Read Full Story

Austria Gazettes Law For New Interest Deduction Limitation

by Ulrika Lomas, Tax-News.com, Brussels

Friday, January 1, 2021

Austrian lawmakers have signed off on the introduction of new limits on the deductibility of interest expenses for multinational corporations. Read Full Story

UK, Mexico Sign Continuity Trade Deal

by Jason Gorringe, Tax-News.com, London

Tuesday, December 22, 2020

On December 15, 2020, the UK and Mexico signed a trade continuity agreement that will apply when the Brexit transition period ends. Read Full Story

Turkey Temporarily Reduces VAT Rates

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, August 7, 2020

On July 31, 2020, a presidential decree was published in Turkey's official gazette providing for a temporary value-added tax cut across numerous sectors. Read Full Story

Singapore Launches Consultation On Income Tax Reforms

by Mary Swire, Tax-News.com, Hong Kong

Friday, July 24, 2020

Singapore's Ministry of Finance has launched a public consultation on proposed corporate tax and income tax breaks. Read Full Story

Italy Explains Tax Break For COVID-19 Changes To Workplaces

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 17, 2020

On July 10, 2020, the Italian tax authority issued a ruling to explain the rules concerning tax credits for expenditure on adapting workplaces to prevent the spread of COVID-19. Read Full Story

UK Announces COVID-19 Tax Breaks To Stimulate Economy

by Jason Gorringe, Tax-News.com, London

Friday, July 10, 2020

In a bid to reinvigorate the UK economy and buoy property prices, Chancellor Rishi Sunak has announced plans to slash the VAT rate for the hospitality sector and offer temporary stamp duty relief. Read Full Story

France Provides SMEs With More COVID-19 Tax Relief Measures

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 25, 2020

The French Government has presented to the Council of Ministers a third amendment to the Finance Bill for 2020, which provides additional support for businesses affected by the COVID-19 outbreak. Read Full Story

Austria Announces COVID-19 Tax Relief Package For Catering Industry

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 15, 2020

On May 11, 2020, the Austrian Ministry of Finance announced a EUR500m (USD542m) package of financial and tax measures to support the hospitality industry, which is being hit particularly hard as a result of the restrictions in place to contain COVID-19. Read Full Story

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