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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

 


IRS Proposes Extra Controlled Foreign Company Rules

by Mike Godfrey, Tax-News.com, Washington

Wednesday, June 5, 2019

The United States Internal Revenue Service has proposed rules regarding the attribution of ownership of stock or other interests for purposes of determining whether a person is a related person with respect to a controlled foreign corporation (CFC) under section 954(d)(3). Read Full Story

 


Switzerland Approves FTA With Indonesia

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 31, 2019

The Swiss Federal Council has issued a dispatch on the Comprehensive Economic Partnership Agreement between the European Free Trade Association states and Indonesia. Read Full Story

 


Switzerland Consults On Trade Agreement With UK

by Ulrika Lomas, Tax-News.com, Brussels

Friday, May 31, 2019

The Swiss Federal Council has launched a public consultation on an agreement that will govern trade relations with the UK after Brexit. Read Full Story

 


US Companies Urge Senate To Approve Tax Treaties

by Mike Godfrey, Tax-News.com, Washington

Friday, May 10, 2019

In a letter published on April 29, 2019, the United States National Foreign Trade Council urged the Senate to approve several pending double tax avoidance treaties. Read Full Story

 


African Continental FTA To Enter Into Force

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, May 10, 2019

The African Continental Free Trade Agreement will enter into force on May 30, 2019, after Sierra Leone and the Sahrawi Republic deposited their instruments of ratification of the agreement. Read Full Story

 


Dutch Beneficial Ownership Register Effective 2020

by Ulrika Lomas, Tax-News.com, Brussels

Monday, April 15, 2019

The Dutch Government has confirmed that a registry of ultimate beneficial owners of companies will enter into force in the Netherlands from January 2020. Read Full Story

 


India Introduced GST Changes On April 1

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

Friday, April 5, 2019

A number of goods and services tax regime amendments, intended to simplify compliance for traders, became effective in India from April 1, 2019. Read Full Story

 


Switzerland Consults On Linking With EU Emissions System

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 26, 2019

The Swiss Federal Council is consulting on proposed changes to the CO2 Ordinance, which would link the Swiss and EU emissions trading systems. Read Full Story

 

 

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