services News

Malta Amends VAT Registration Thresholds

by Ulrika Lomas, Tax-News.com, Brussels

Friday, January 1, 2021

Malta has published The Value Added Tax Act (Amendment of Sixth Schedule) (Amendment No. 2) Regulations, 2020, which makes changes to the thresholds for VAT registration as a small undertaking. 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

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

UK Eyeing VAT Rule Changes For Sharing Economy

by Jason Gorringe, Tax-News.com, London

Tuesday, December 22, 2020

The UK Government is inviting input on the tax challenges associated with the rise of the sharing economy. Read Full Story

ECJ AG Urges Ruling Against Belgian 'Excess Profit' Ruling System

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

European Court of Justice (ECJ) Advocate General Juliane Kokott has opined that the Commission was right to consider that the Belgian practice of making downward adjustments to profits of undertakings forming part of multinational groups, under the "excess profit" ruling scheme, constituted an aid scheme. Read Full Story

Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. Read Full Story

OECD Releases 2020 Tax Trends Report

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

Tax revenues fell across the OECD for the first time in a decade during 2019, but a much larger decrease is expected in 2020 as a result of the COVID-19 pandemic, according to the OECD's newly released annual Revenue Statistics report. Read Full Story

EU Eyeing 2023 Start Date For DAC7

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 10, 2020

The EU has agreed new rules that will see member states automatically exchange information on income earned by sellers on digital platforms from 2023. Read Full Story