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OECD Releases Minimum Tax Plan To Solve Digital Tax Issues

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 45 hours ago | Friday, November 15, 2019

The OECD on November 8, 2019, released its plans for a minimum tax on corporate profits, which is one element of a two-pronged approach to solving the tax challenges arising from the digitalization of the economy. Read Full Story

 


South Africa Launches Large Business Center

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, October 28, 2019

On October 23, 2019, the Commissioner of the South African Revenue Service launched the re-established Large Business Centre, which aims to bring about higher levels of voluntary tax compliance among large taxpayers. Read Full Story

 


Tax Agencies Meet To Discuss Use Of Big Data Analysis

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 18, 2019

Tax agencies from 31 countries discussed the ways they are using data analysis tools to improve tax enforcement and administration, at the first meeting of the IOTA Forum on Tax Debt Management, held in Prague, Czech Republic, On October 1-3, 2019. Read Full Story

 


Zambia Decides To Keep VAT, Amend Tax For Miners In 2020 Budget

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, October 4, 2019

Zambia announced that it will retain value-aded tax but strengthen its administration and make changes to the tax environment for mining companies in the 2020 Budget, released on September 27, 2019. Read Full Story

 


EU Court Upholds Commission's Fiat Tax Ruling Decision

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 27, 2019

The EU General Court has dismissed an appeal brought against the European Commission's decision that a tax ruling granted by Luxembourg to Fiat Chrysler Finance Europe was unlawful. Read Full Story

 


Starbucks' Dutch Tax Ruling Vindicated By EU General Court

by Ulrika Lomas, Tax-News.com, Brussels

Friday, September 27, 2019

On the same day the Court ruled against Fiat's appeal, the EU General Court has decided that Starbucks was not in fact granted a selective tax advantage in a Dutch tax ruling, contrary to a European Commission conclusion. Read Full Story

 


Glencore Wins AUD92m Transfer Pricing Case In Australia

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

Thursday, September 5, 2019

Australia's Federal Court issued a decision in favor of mining company Glencore on September 3, 2019. The case centered on whether dealings between Swiss parent Glencore International AG and an Australian subsidiary breached transfer pricing rules in relation to the sale and purchase of copper concentrate in the 2007-09 years. Read Full Story

 


IRS To Provide GILTI Penalty Relief To Pass-Through Entities

by Mike Godfrey, Tax-News.com, Washington

Friday, August 30, 2019

On August 22, 2019, a notice was published which announces the intention of the United States Treasury Department and the Internal Revenue Service to issue new regulations providing relief to domestic partnerships and S corporations attempting to comply with final global intangible low-taxed income regulations with respect to shareholdings in controlled foreign corporations. Read Full Story

 


Singapore To Exempt Virtual Currency Transactions From GST

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

Tuesday, July 16, 2019

On July 5, 2019, Singapore's tax agency released a draft guide that includes proposals for more favorable GST rules for virtual currencies. Read Full Story

 


Zambia Delays VAT Again, Until September

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, July 5, 2019

Zambia has once again pushed back implementation of a sales tax in place of value-added tax, to September 1, 2019. Read Full Story

 

 

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