tax breaks News

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

Malta Releases 2021 Budget
by Lorys Charalambous, Tax-News.com, Cyprus
Monday, November 2, 2020
Malta's 2021 Budget, announced on October 19, 2020, included tax breaks for individuals and an increase to the VAT registration threshold. Read Full Story

Switzerland Prolongs Exemption For COVID-19 Essentials
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, September 9, 2020
The Swiss Government has confirmed it will extend a tax exemption for surface disinfectants in light of COVID-19. Read Full Story

France Launches COVID-19 Tax Settlement Scheme For SMEs
by Ulrika Lomas, Tax-News.com, Brussels
Friday, August 21, 2020
France's General Directorate of Public Finance has launched a scheme that allows small companies to request a specific settlement plan for the payment of their taxes. Read Full Story

Ireland Issues Guide On Accelerated Loss Relief For Companies
by Jason Gorringe, Tax-News.com, London
Tuesday, August 18, 2020
The Irish Revenue has issued guidance for companies on the temporary acceleration of corporate tax loss relief for accounting periods affected by the COVID-19 pandemic and related restrictions.
Read Full Story

Singapore Launches Consultation On Income Tax Reforms
by Mary Swire, Tax-News.com, Hong Kong
Friday, July 24, 2020
Singapore's Ministry of Finance has launched a public consultation on proposed corporate tax and income tax breaks. Read Full Story

Switzerland Relaxes Rules For Tourists' VAT Refunds
by Ulrika Lomas, Tax-News.com, Brussels
Friday, July 17, 2020
Switzerland's Federal Department of Finance is extending the time limit within which tourists can export goods purchased in the country tax free. Read Full Story

Ireland Releases Stamp Duty Guidance On Related-Party Transactions
by Jason Gorringe, Tax-News.com, London
Thursday, June 25, 2020
The Irish Revenue has updated its guidance on stamp duty to clarify a number of issues related to the conditions for companies to avail themselves of associated companies relief. Read Full Story

Irish Businesses Seek Tax Support To Bounce Back From COVID-19
by Jason Gorringe, Tax-News.com, London
Thursday, May 28, 2020
Irish business association Ibec has called for the establishment of a Commission on Taxation, as part of a package of measures to "reboot" the economy after the coronavirus pandemic. Read Full Story

COVID-19: Ireland Eases Close Company Surcharge Rules
by Jason Gorringe, Tax-News.com, London
Friday, May 15, 2020
The Irish Revenue has announced the implementation of temporary measures in relation to the close company surcharge regime, in response to the coronavirus pandemic. Read Full Story
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