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