insurance News

Dutch Senate Approves 2021 Tax Changes
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, December 22, 2020
The Dutch Senate has approved the 2021 Tax Plan package, which introduces a lower rate of corporate tax for small- and medium-sized businesses. Read Full Story

Bermuda Consults Industry On New Conduct Of Business Regime
by Jason Gorringe, Tax-News.com, London
Wednesday, January 13, 2021
The Bermuda Monetary Authority on December 15, 2020, released a new consultation paper on its proposal for a conduct of business regulatory regime to better protect retail investors. Read Full Story

UK To Strengthen Insurance Premium Tax Rules
by Jason Gorringe, Tax-News.com, London
Tuesday, November 10, 2020
On November 5, 2020, HM Revenue and Customs issued a consultation on proposals to improve the administration of Insurance Premium Tax (IPT) and prevent unfair outcomes. Read Full Story

Belgium Taken To Task For Three Tax Regime Features
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, November 10, 2020
The European Commission is undertaking infringement proceedings against Belgium regarding the taxation of shares held by life insurance companies, the taxation of income from savings deposits, and the deductibility of alimony payments. 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

Netherlands Allows More Time To Pay Frozen Tax Debts
by Ulrika Lomas, Tax-News.com, Brussels
Monday, October 5, 2020
The Dutch Government has announced that businesses may further delay payment of certain tax dues that were frozen in response to the COVID-19 pandemic. Read Full Story

UAE Explains Updated Economic Substance Rules
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, October 5, 2020
The United Arab Emirates Ministry of Finance has highlighted changes made to the territory's rules on economic substance. Read Full Story

Cyprus, Russia Agree Tax Hike On Cross-Border Dividends, Interest
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, September 14, 2020
Russia's Ministry of Finance has announced that it signed a Protocol to amend its double tax agreement with Cyprus on September 8, 2020. Read Full Story

COVID-19: Netherlands Clarifies Rules For Payment Of Deferred Tax Liabilities
by Ulrika Lomas, Tax-News.com, Brussels
Monday, September 7, 2020
The Dutch tax authority has issued a clarification of the repayment requirements for taxes deferred during the COVID-19 health crisis. 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
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