New EU Requirements For IFRS Financial Statements From 2020

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 13, 2019

The European Commission has announced that listed companies that prepare consolidated financial statements using IFRS Standards will be required to tag their primary financial statements using the IFRS Taxonomy for financial years starting on or after January 1, 2020. Read Full Story

Czech Republic Announces Anti-Avoidance Measures

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

The Czech Ministry of Finance announced on May 31, 2019, a legislative package to implement the European Union directive on the mandatory reporting of tax planning arrangements and the EU VAT "quick fixes." Read Full Story

IRS Proposes Extra Controlled Foreign Company Rules

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 5, 2019

The United States Internal Revenue Service has proposed rules regarding the attribution of ownership of stock or other interests for purposes of determining whether a person is a related person with respect to a controlled foreign corporation (CFC) under section 954(d)(3). Read Full Story

UK Tables Regulations For Offshore Intangibles Measure

by Jason Gorringe, Tax-News.com, London

Friday, May 31, 2019

The UK Government has published for consultation draft regulations for the "Offshore receipts in respect of intangible property measure," added to UK law via Schedule 3 to the Finance Act 2019. Read Full Story

Switzerland Confirms CIT Reforms

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 31, 2019

The Swiss Federal Council has confirmed that the Federal Act on Tax Reform and AHV Financing will apply from next year. Read Full Story

Seychelles Introduces New Sugary Drinks Tax

by Mike Godfrey, Tax-News.com, Washington

Monday, April 15, 2019

The Seychelles Revenue Commission has published the Excise Tax (Imposition of Sugar Tax on Drinks) Regulations, 2019, which provides for the imposition of a sugar tax on drinks effective April 1, 2019. Read Full Story

ECJ Rules In French Social Security Tax Dispute

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 26, 2019

The European Court of Justice has ruled that welfare contributions aimed at funding social security benefits in France cannot be charged on income from the assets of French residents insured under the Swiss social security scheme. Read Full Story

UK Legislates For Postponed Import VAT Accounting

by Jason Gorringe, Tax-News.com, London

Tuesday, February 5, 2019

The UK Government has published, and tabled before the House of Commons, The Value Added Tax (Accounting Procedures for Import VAT for VAT Registered Persons and Amendment) (EU Exit) Regulations 2019. Read Full Story

New Indonesian E-Commerce Tax Obligations From April

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

Monday, January 28, 2019

Indonesia's Ministry of Finance has confirmed that online marketplaces and sellers must comply with VAT and income tax obligations set out in Indonesian in Regulation Number 210/PMK.010/2018 from April 1, 2019. Read Full Story

UK Crown Dependencies Introducing Economic Substance Rules

by Jason Gorringe, Tax-News.com, London

Friday, December 28, 2018

Each of the Crown Dependencies – Jersey, Guernsey, and the Isle of Man – have tabled legislation that will introduce new substance requirements for tax-resident firms engaged in certain industries from January 1, 2019. Read Full Story

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