legislation 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

Norway Issues VAT Regulation In Response To Brexit
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, December 22, 2020
Norway intends to provide value-added tax administrative relief measures to UK businesses in response to Brexit. Read Full Story

UK, Canada Sign Post Brexit Continuity Agreement
by Mike Godfrey, Tax-News.com, Washington
Thursday, December 10, 2020
Canada and the UK have formally signed a post-Brexit trade continuity agreement that will apply from January 1, 2021. 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

French Legislature Considering 2021 Finance Bill
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, December 10, 2020
France's Senate is considering the country's 2021 Finance Bill, following approval in late November by the National Assembly. Read Full Story

UAE Clarifies VAT Rules For E-Commerce
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, November 30, 2020
The United Arab Emirates' Federal Tax Authority has clarified the value-added tax rules that apply to e-commerce transactions. Read Full Story

BVI Rules Out New Taxes In 2021 Budget
by Jason Gorringe, Tax-News.com, London
Tuesday, November 17, 2020
The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes. Read Full Story

Cayman Tables Law For Digital Asset Business Regime
by Jason Gorringe, Tax-News.com, London
Tuesday, November 17, 2020
The Government of the Cayman Islands has published legislation in its Official Gazette to introduce a regulatory regime for virtual asset service providers (VASPs). 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

Israel To Adopt BEPS Action 13 TP Documentation Rules
by Ulrika Lomas, Tax-News.com, Brussels
Monday, November 2, 2020
Israel's Government on October 12, 2020, launched a consultation on aligning the country's transfer pricing documentation rules with the three-tiered approach included in the OECD's 2017 Transfer Pricing Guidelines. Read Full Story
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