international news

2020-05-27
Tax-News.com: Switzerland Launches New Tax Burden Calculation Tool
Tax-News.com
The Swiss Federal Department of Finance has announced the launch of a new online tool for individuals taxpayers, which is being developed also for legal entities.
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2020-05-14
Tax-News.com: Bill Would Exclude US Territories, Possessions From GILTI Regime
Tax-News.com
On May 4, 2020, a bill was introduced in the United States House of Representatives to limit the impact of the Global Intangible Low Tax Income regime on businesses based in US territories and possessions.
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2020-05-14
Tax-News.com: BEPS MLI Enters Into Force For Cyprus, Saudi Arabia
Tax-News.com
The BEPS multilateral convention entered into force for treaties signed by Cyprus and Saudi Arabia on May 1, 2020.
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2020-05-14
Tax-News.com: COVID-19: Ireland Eases Close Company Surcharge Rules
Tax-News.com
The Irish Revenue has announced the implementation of temporary measures in relation to the close company surcharge regime, in response to the coronavirus pandemic.
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2020-05-14
Tax-News.com: Saudi Arabia To Treble VAT Rate To 15pc In Response To COVID-19
Tax-News.com
Saudi Arabia has announced its decision to increase its headline value-added tax rate to 15 percent from five percent, in a surprise break from the Gulf Cooperation Council's harmonized value-added tax framework.
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2020-05-14
Tax-News.com: US IRS Sets Out Details Of COVID-19 Tax Breaks
Tax-News.com
On May 7, 2020, the United States Internal Revenue Service issued a reminder to employers affected by COVID-19 about the tax credits made available to them under the Coronavirus Aid, Relief, and Economic Security Act.
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2020-05-14
Tax-News.com: Latin America, Caribbean Tax Mix Vulnerable To COVID-19 Hit
Tax-News.com
The tax burden in Latin America and the Caribbean (LAC) increased to a record 23.1 percent of GDP in 2018, according to a new OECD report. However, it warns the territories will face considerable financial pressures owing to COVID-19 because of their systems' reliance on indirect tax revenues.
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2020-05-14
Tax-News.com: EU Defers E-Commerce VAT Package In Light Of COVID-19
Tax-News.com
The EU will postpone the entry into force of its VAT e-commerce package and will defer certain filing deadlines under the Directive on Administrative Cooperation due to the coronavirus pandemic.
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2020-05-14
Tax-News.com: Malaysia Issues FAQs On COVID-19 Tax Residency Issues
Tax-News.com
The Government of Malaysia has issued new FAQs on international tax issues relating to COVID-19 travel restrictions.
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2020-05-14
Tax-News.com: Brazil Lifts Import Duties On COVID-19 Medical Supplies
Tax-News.com
Brazil's Ministry of the Economy has announced that it has significantly expanded the list of products that can be received in Brazil free from import duties until September 30, 2020.
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2020-05-14
Tax-News.com: COVID-19: New Zealand Legislates For New Loss Carryback Regime
Tax-News.com
New Zealand's parliament has endorsed the COVID-19 Response (Taxation and Other Regulatory Urgent Measures) Bill, a second taxation Bill in response to COVID-19. The Bill received Royal Assent on April 30, 2020.
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2020-05-14
Tax-News.com: EU Expands Investigation Into Dutch Taxation Of IKEA
Tax-News.com
The European Commission has extended the scope of its in-depth investigation into the Dutch tax treatment of Inter IKEA.
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2020-05-14
Tax-News.com: COVID-19: Philippines Further Extends Multiple Tax Deadlines
Tax-News.com
The Philippines has announced that it will again extend tax filing and payment deadlines, following the prolongation of restrictive measures during the coronavirus outbreak.
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2020-05-14
Tax-News.com: US IRS Announces TCJA Compliance Campaign
Tax-News.com
On May 1, 2020, the United States Internal Revenue Service Large Business and International Division announced a new compliance campaign focusing on the 2017 Tax Cuts and Jobs Act and the recently enacted Coronavirus Aid, Relief and Economic Security Act.
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2020-05-14
Tax-News.com: OECD Hints At Possible Digital Tax Work Delay
Tax-News.com
On May 4, 2020, the OECD held its Tax Talks webcast, to provide stakeholders with a full update on the OECD's work on taxation in the context of COVID-19. It hinted that progress towards a new international tax framework focusing on digital tax issues may be pushed forward.
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