international news
2020-03-02
Tax-News.com: Maltese Tax Agency Rejecting Foreign Bank Drafts, Checks
Tax-News.com
On February 20, 2020, Malta's Commissioner for Revenue said tax payments by bank draft or check issued by foreign banks will no longer be accepted.
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2020-03-02
Tax-News.com: Turkey Introduces New Digital Services Tax
Tax-News.com
On March 1, 2020, Turkey's recently approved tax on certain digital services went into effect.
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2020-03-02
Tax-News.com: Brexit Negotiations To Begin This Month
Tax-News.com
The European Council has authorized the opening of negotiations for a new partnership with the UK, and mandated the Commission to act as the EU's negotiator.
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2020-02-19
Tax-News.com: Nigeria To Tackle Profit Shifting By Multinationals
Tax-News.com
Nigeria's Federal Inland Revenue Service is comprehensively reform its operations to tackle "illicit profit shifting" by multinational companies operating in Nigeria.
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2020-02-19
Tax-News.com: OECD Provides Update To G20 On BEPS Work
Tax-News.com
In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses.
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2020-02-19
Tax-News.com: Democrat Bill Targets GILTI High-Tax Exclusion
Tax-News.com
Democrats in the United States Senate have introduced a bill that would block proposals to introduce a "high-tax exemption" to the Global Intangible Low-Tax Income regime.
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2020-02-19
Tax-News.com: OECD Says Digital Tax Plans Will Boost Most States' Revenues
Tax-News.com
During a February 13, 2020, webcast, the OECD presented economic analysis on the potential impact of what it has proposed on international tax reform to address the digitalization of the economy.
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2020-02-19
Tax-News.com: France Confirms Postponement Of DST Payments
Tax-News.com
France's Directorate General of Public Finance confirmed in a statement issued on February 10, 2020, that companies liable for the country's digital services tax can delay payment of upcoming installments of the tax until December 2020.
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2020-02-19
Tax-News.com: Australia Announces CbC Reporting Changes
Tax-News.com
The Australian Taxation Office has announced changes to its CbC reporting system following feedback from multinational groups.
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2020-02-19
Tax-News.com: OECD Release Landmark TP Guidance On Financial Transactions
Tax-News.com
The OECD has released a report providing transfer pricing guidance on financial transactions, as part of its follow-up work on tackling tax base erosion and profit shifting, under Actions 4, 8, 9, and 10 of the BEPS Action Plan.
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2020-02-19
Tax-News.com: Indonesia Tables Legislation For Comprehensive Tax Reform
Tax-News.com
Indonesia has reportedly tabled draft legislation in the House of Representatives to make wide-ranging changes to the tax system, including lowering the corporate tax rate and modernizing rules for digital economy players.
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2020-02-19
Tax-News.com: Hungary Proposes Improved R And D Tax Reliefs
Tax-News.com
The Hungarian Ministry of Finance announced that the Government is considering further tax cuts for businesses, including improvements to the deductions available for research and development spending, following a meeting of the National Competitiveness Council.
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2020-02-19
Tax-News.com: Italy Launches Consultation On Patent Box Rules
Tax-News.com
On February 10, 2020, the Italian tax agency commenced a short consultation on the rules surrounding the patent box self-assessment regime.
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2020-02-19
Tax-News.com: EU Adds Cayman Isles, Panama, Seychelles To Tax Blacklist
Tax-News.com
The EU has added the Cayman Islands, Palau, Panama, and the Seychelles to its list of non-cooperative tax jurisdictions, bringing the total tally to 12 from 8.
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2020-02-19
Tax-News.com: EU Green Lights E-Commerce Transaction Reporting Rules
Tax-News.com
The European Council has approved new rules for the exchange of VAT payment data relating to cross-border e-commerce transactions.
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