interest News

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

Russian Duma Approves Changes To Luxembourg And Cyprus DTAs
by Lorys Charalambous, Tax-News.com, Cyprus
Friday, January 1, 2021
At its December 22 plenum, Russia's lower house of parliament approved revisions to the country's double tax agreements with Cyprus and Luxembourg. Read Full Story

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

Cyprus Government Fails To Pass Budget
by Lorys Charalambous, Tax-News.com, Cyprus
Tuesday, December 22, 2020
Lawmakers in Cyprus have rejected the 2021 Budget, for the first time in the country's history. 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

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

Netherlands, Russia At Loggerheads Over DTA Revision
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, December 22, 2020
Russia's Ministry of Finance has said it is prepared to terminate the Dutch tax agreement if ongoing negotiations fail. Read Full Story

EU Pressures Italy To End Tax Exemptions For Ports
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
On December 4, 2020, the European Commission said that Italy must abolish its corporate tax exemptions for ports in order to align its tax regime with EU state aid rules. Read Full Story

UK Taxpayers May Arrange Payment Of Deferred VAT In 2021
by Jason Gorringe, Tax-News.com, London
Monday, November 30, 2020
HM Revenue and Customs has confirmed that UK businesses who wish to pay their deferred VAT liabilities in installments will be able to decide a payment schedule early next year. Read Full Story

France Hikes VAT Due On Yacht Charters
by Ulrika Lomas, Tax-News.com, Brussels
Monday, November 30, 2020
The French tax authority has confirmed new rules regarding the calculation of VAT on pleasure yacht charters. Read Full Story
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