international news

2020-09-28
Tax-News.com: Cyprus Adds To Guidance On Calculation Of NIDs
Tax-News.com
The Cyprus Tax Department has released ten-year government bond yield rates for five new territories, to support businesses in calculating claims for Cyprus's Notional Interest Deduction. The rates are for Bermuda, Denmark, Jordan, Portugal, and Switzerland.
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2020-09-28
Tax-News.com: Netherlands Invites Input On New Dividend Withholding Taxes
Tax-News.com
On September 25, 2020, the Dutch Ministry of Finance launched a consultation on plans to introduce a withholding tax on dividend payments to low-tax jurisdictions.
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2020-09-21
Tax-News.com: EU Expecting COVID-19 Dent In 2020 VAT Collections
Tax-News.com
The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018.
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2020-09-21
Tax-News.com: UAE To Allow Loans Secured By Movable Property
Tax-News.com
The United Arab Emirates has released a new law that would allow businesses to use movable property to secure bank and commercial loans.
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2020-09-21
Tax-News.com: Cyprus, US To Begin Exchanging CbC Reports
Tax-News.com
Cyprus has announced that a deal for the exchange of country-by-country reports between the territory and the US is expected to become effective and cover reporting years starting on or after January 1, 2020.
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2020-09-21
Tax-News.com: Netherlands Cancels Corporate Tax Rate Cut
Tax-News.com
The Dutch Government has decided to cancel a planned decrease in the corporate tax rate in its 2021 Tax Plan.
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2020-09-21
Tax-News.com: Russia's Cabinet Approves Maltese DTA Amendments
Tax-News.com
Russia's Government has approved wording for a draft Protocol that it will seek to conclude with Malta, to revise their double tax agreement to increase withholding tax rates at source for cross-border dividends and interest income.
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2020-09-21
Tax-News.com: UK To Collect Interest On Overdue Digital Services Tax
Tax-News.com
The UK Government on September 16, 2020, tabled The Taxes (Interest Rate) (Amendment No. 2) Regulations 2020, which will enable HM Revenue and Customs to collect or pay interest on overpaid or underpaid digital services tax liabilities.
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2020-09-21
Tax-News.com: France Lowers Threshold For Tourist VAT Refunds
Tax-News.com
France has cut the amount that tourists must spend to claim back the VAT on their purchases.
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2020-09-15
Tax-News.com: Switzerland To Draft New Customs Tax Act
Tax-News.com
On September 11, 2020, the Swiss Federal Council launched a consultation on proposals for the total revision of the customs system.
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2020-09-15
Tax-News.com: New Zealand Updates Virtual Currency Tax Guidance
Tax-News.com
New Zealand's Inland Revenue on September 7, 2020, announced the release of updated guidance on the tax treatment of crypto-assets in New Zealand, including virtual currencies.
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2020-09-13
Tax-News.com: France Planning EUR20bn In Business Tax Cuts
Tax-News.com
The French Government has announced proposals to cut taxes on production by EUR20bn (USD23.7bn) in 2021 and 2022.
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2020-09-13
Tax-News.com: UAE To Further Expand Digital Tax Stamps Regime
Tax-News.com
The United Arab Emirates has set out its plans to expand its tax stamps regime for the marking of tobacco products.
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2020-09-13
Tax-News.com: UK Reviewing VAT Group Rules
Tax-News.com
The UK Government has recently issued a call for evidence from UK VAT groups on future policy reform.
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2020-09-13
Tax-News.com: France Enhances COVID-19 Tax-Free Bonus Scheme
Tax-News.com
The French tax authority has announced that it will modify and extend a scheme that allows employers to pay workers tax-free bonuses.
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