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tax rates News

Ireland Lowers Headline VAT Rate

by Jason Gorringe,, London

Wednesday, September 9, 2020

A temporary reduction in Ireland's standard rate of VAT entered into force on September 1, 2020. Read Full Story


Germany Releases New VAT Manual For 2019/20

by Ulrika Lomas,, Brussels

Monday, September 7, 2020

On September 2, 2020, the German Ministry of Finance announced that the official value-added tax manual for 2019/20 has been published online. Read Full Story


Switzerland Prolongs Exemption For COVID-19 Essentials

by Ulrika Lomas,, 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


Panama Considering SME Corporate Tax Rate Cuts

by Mike Godfrey,, Washington

Friday, August 21, 2020

Panama's parliament is presenting considering changes to income tax rates for small- and medium-sized businesses, included in Bill 358. Read Full Story


Russia Turns Sights To Switzerland, Hong Kong Treaties

by Ulrika Lomas,, Brussels

Tuesday, August 18, 2020

Russia's double tax agreements with Hong Kong and Switzerland are next on the radar for authorities in Russia, who are seeking to ensure the country can subject to at least 15 percent withholding tax outbound dividends and interest payments. Read Full Story


Malta, Luxembourg Agree To Russian DTA Changes

by Mary Swire,, Hong Kong

Tuesday, August 18, 2020

The Russian Government has disclosed that both Luxembourg and Malta have agreed to change their double tax agreement with Russia to increase withholding tax rates on cross-border dividends and interest income. Read Full Story


Austria To Apply Personal Income Tax Cut In September

by Ulrika Lomas,, Brussels

Friday, August 7, 2020

The Austrian Government has confirmed that a personal income tax cut approved by the Cabinet last month will be introduced in September. Read Full Story


Hong Kong Lawmakers Endorse CIT Cut For Insurers

by Mary Swire,, Hong Kong

Friday, July 17, 2020

Hong Kong's Legislative Council has passed a bill to reduce the profits tax for certain insurance businesses. Read Full Story


German Parliament Approves COVID-19 Tax Package

by Ulrika Lomas,, Brussels

Friday, July 3, 2020

Both houses of the German parliament have now approved the EUR130bn (USD146bn) COVID-19 economic stimulus plan, which includes numerous tax relief measures. Read Full Story


Israel Cancels Duties, Purchase Taxes On Various Goods

by Lorys Charalambous,, Cyprus

Thursday, June 25, 2020

The Israeli Government has announced the cancellation of NIS1.45bn worth of duties and purchase taxes on a broad range of products. Read Full Story



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