Netherlands To Split Tax Agency

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 46 hours ago | Wednesday, January 15, 2020

On January 11, 2020, Dutch Minister of Finance Wopke Hoekstra informed the House of Representatives about the Government's plans to restructure the tax authorities. Read Full Story

Korea Enacts 2019 Tax Revision Bill

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

Last updated 46 hours ago | Wednesday, January 15, 2020

The Korean Government has announced that the 2019 Tax Revision Bill was enacted on January 6, 2020, with a number of new measures added to the existing proposals. Read Full Story

Nigeria Offers Grace Period For Obtaining Tax Clearance Certificates

by Lorys Charalambous, Tax-News.com, Cyprus

Last updated 47 hours ago | Wednesday, January 15, 2020

The Executive Chairman of Nigeria's Federal Inland Revenue Service, Muhammad Nami, has signed a notice providing companies with an extra 30-day window to obtain a tax clearance certificate. Read Full Story

New Spanish Coalition Agrees Tax Plan

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 8, 2020

The Spanish Socialist Party and the Podemos movement, which will form the next governing coalition, has released their policy document, which includes plans for a corporate minimum tax, among other tax measures. Read Full Story

Turkey Cuts VAT On Furniture

by Lorys Charalambous, Tax-News.com, Cyprus

Last updated 46 hours ago | Wednesday, January 15, 2020

The Turkish Government has decided to reinstate a reduced rate of value-added tax on supplies of furniture, according to Finance Minister Berat Albayrak. Read Full Story

Turkey Extends VAT Exemption For Machinery

by Lorys Charalambous, Tax-News.com, Cyprus

Tuesday, December 31, 2019

On December 24, 2019, a law was published in Turkey's official gazette extending a value-added tax exemption for the purchase of machinery and equipment. Read Full Story

German FinMin Outlines 2020 Tax Changes

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 31, 2019

The German Ministry of Finance has outlined a number of tax changes that are due to take effect in 2020 and 2021. Read Full Story

Luxembourg's 2020 Budget Approved By Parliament

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 31, 2019

On December 19, 2019, Luxembourg's Chamber of Deputies approved the Government's Budget for 2020, which among other measures includes important changes to the validity of advanced tax rulings. Read Full Story

Traders Must Use New Dutch VAT ID Numbers From 2020

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, January 8, 2020

From January 1, 2020, sole proprietors in the Netherlands will be required to use new value-added tax identification numbers. Read Full Story

Nigeria To Begin Tax Enforcement Campaign

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, December 23, 2019

On December 17, 2019, Nigeria's Federal Inland Revenue Service issued a seven-day notice to tax defaulters and announced that it will soon begin a nationwide tax enforcement campaign in order to pursue those with unpaid taxes. Read Full Story

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