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Singapore To Exempt Virtual Currency Transactions From GST

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

Tuesday, July 16, 2019

On July 5, 2019, Singapore's tax agency released a draft guide that includes proposals for more favorable GST rules for virtual currencies. Read Full Story

 


Luxembourg Publishes Guidance On New IP Tax Breaks

by Ulrika Lomas, Tax-News.con, Brussels

Tuesday, July 16, 2019

The Luxembourg direct tax administration has published a circular including comprehensive guidance for the recently introduced changes to the special tax regime for intellectual property income. Read Full Story

 


EU Agrees Largest Ever Trade Deal, With Mercosur Bloc

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 5, 2019

The EU and Mercosur have reached a political agreement on a new trade agreement that will save EU businesses an estimated EUR4bn (USD4.5bn) worth of duties a year. Read Full Story

 


US Senate Finance Committee Seeks Response To French Digital Tax

by Mike Godfrey, Tax-News.com, Washington

Friday, July 5, 2019

The leaders of the United States Committee on Finance have written Treasury Secretary Steven Mnuchin urging him to use "all tools available" to counter France's proposed digital services tax, which they argue unfairly discriminates against US companies. Read Full Story

 


India's GST Council Agrees Overhaul Of GST Returns

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

Friday, July 5, 2019

During its 35th meeting, India's GST Council approved changes to GST filing requirements and deadlines, and approved the introduction of an electronic invoicing system, Read Full Story

 


IRS Opens US Compliance Assurance Program To Applicants

by Mike Godfrey, Tax-News.com, Washington

Friday, June 21, 2019

On June 14, 2019, the US Internal Revenue Service announced that it is looking for new applicants for the Compliance Assurance Process (CAP), a cooperative compliance program aimed at publicly traded corporate taxpayers. Read Full Story

 


Brazil, Uruguay Agree Anti-BEPS Provisions In New Treaty

by Mike Godfrey, Tax-News.com, Washington

Thursday, June 13, 2019

Brazil and Uruguay have included provisions to tackle base erosion and profit shifting in a new double tax agreement, signed on June 7, 2019. Read Full Story

 


Luxembourg Ministers Endorse EU VAT 'Quick Fixes'

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, June 5, 2019

Luxembourg's Government Council, comprising government ministers, has approved legislative changes to the territory's VAT regime to introduce the four quick fixes to improve the functioning of VAT rules in the European Union. Read Full Story

 


Bahamas Announces VAT, Bank Tax Reforms In New Budget

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 5, 2019

The Bahamas announced a number of significant reforms in its 2019/20 Budget, released on May 29, 2019, including a new tax on banks, which will replace annual fees, and new VAT obligations on online marketplaces and the removal of VAT on exported services. Read Full Story

 


South African Carbon Tax Introduced On June 1

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, June 5, 2019

On May 26, 2019, South African President Cyril Ramaphosa signed into law the Carbon Tax Act No 15 of 2019, which came into effect on June 1, 2019, as announced by the Minister of Finance in the 2019 Budget. Read Full Story

 

 

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