services News

France To Collect Its Digital Services Tax This Year

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, October 20, 2020

French Minister of Finance Bruno Le Maire has reportedly said that France intends to collect the country's digital services tax in December 2020. Read Full Story

OECD Indicates New Focus On Virtual Currency Tax Issues

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, October 20, 2020

The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets. Read Full Story

UAE Explains Updated Economic Substance Rules

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, October 5, 2020

The United Arab Emirates Ministry of Finance has highlighted changes made to the territory's rules on economic substance. Read Full Story

UK Releases Construction VAT Reverse Charge Guidance

by Jason Gorringe, Tax-News.com, London

Monday, October 5, 2020

On September 24, 2020, HM Revenue and Customs released in-depth guidance on the introduction of the VAT reverse charge mechanism on the supply of building or construction services. Read Full Story

UK To Collect Interest On Overdue Digital Services Tax

by Jason Gorringe, Tax-News.com, London

Tuesday, September 22, 2020

The UK Government on September 16, 2020, tabled The Taxes (Interest Rate) (Amendment No. 2) Regulations 2020, which will enable HM Revenue and Customs to collect or pay interest on overpaid or underpaid digital services tax liabilities. Read Full Story

EU Expecting COVID-19 Dent In 2020 VAT Collections

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, September 22, 2020

The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018. Read Full Story

Turkey Cuts VAT On Education Services

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, September 7, 2020

Turkey has temporarily lowered the rate of VAT on the supply of education and training services. Read Full Story

German FM Scholz Optimistic About 2020 Digital Tax Consensus

by Ulrika Lomas, Tax-News.com, Brussels

Monday, August 31, 2020

German Finance Minister Olaf Scholz is optimistic that an international agreement on taxing the digital economy will be reached this year. Read Full Story

France Expands COVID-19 Tourism Sector Support Scheme

by Ulrika Lomas, Tax-News.com, Brussels

Monday, August 31, 2020

The French Government is extending its COVID-19 financial support package for the tourism sector to various additional business types. Read Full Story

UK Treasury Rules Out Digital Tax Repeal

by Jason Gorringe, Tax-News.com, London

Monday, August 31, 2020

The UK Government has dismissed speculation that it will repeal its digital services tax in a bid to secure a post-Brexit free trade agreement with the United States. Read Full Story

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