individuals News

OECD Indicates New Focus On Virtual Currency Tax Issues

by Ulrika Lomas, Tax-News.com, 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

UK Updates Brexit VAT Guidance For Imported Goods

by Jason Gorringe, Tax-News.com, London

Tuesday, October 20, 2020

On October 5, 2020, the UK tax authority added considerably to its Brexit guidance for businesses on the value-added tax rules that will apply to goods entering Great Britain from outside the UK. Read Full Story

Turkey Cuts Tax On Forex Transactions

by Lorys Charalambous, Tax-News.com, 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 To Cut Business Taxes

by Ulrika Lomas, Tax-News.com, Brussels

Monday, October 5, 2020

French Minister of Finance Bruno Le Maire presented the 2021 Finance Bill to parliament on September 28, 2020, which includes provisions to reduced taxes on production and plans to reduce the corporate tax rate next year. Read Full Story

Belgium Launches Tax Filing Season For Non-Resident Individuals

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, September 29, 2020

The Belgian Ministry of Finance has announced that non-resident taxpayers may now file their tax return electronically for the 2020 tax year. Read Full Story

New Zealand Updates Virtual Currency Tax Guidance

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

Wednesday, September 16, 2020

New Zealand's Inland Revenue on September 7, 2020, announced the release of updated guidance on the tax treatment of crypto-assets in New Zealand, including virtual currencies. Read Full Story

UK Reviewing VAT Group Rules

by Jason Gorringe, Tax-News.com, London

Monday, September 14, 2020

The UK Government has recently issued a call for evidence from UK VAT groups on future policy reform. Read Full Story

Panama Considering SME Corporate Tax Rate Cuts

by Mike Godfrey, Tax-News.com, Washington

Friday, August 21, 2020

Panama's parliament is presenting considering changes to income tax rates for small- and medium-sized businesses, included in Bill 358. Read Full Story

UK Issues Final Loan Charge Guidance

by Jason Gorringe, Tax-News.com, London

Friday, August 21, 2020

The UK tax authority has published final guidance on the Loan Charge regime, following the enactment of amendments in the UK Finance Bill 2019-21. Read Full Story