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International Tax News

Get the latest international tax news here or check out our news for various countries. Thanks for visiting us. Jersey Launches Individual Tax Season

The Jersey Government has announced that islanders can now file their 2020 tax return and has issued advice to Prior Year Basis (PYB) taxpayers that have been moved to the Current Year Basis (CYB) for paying income tax. Belgium Extends Cross-Border Worker Deals

Belgium has agreed with the Netherlands, France, Luxembourg, and Germany to extend until March 31, 2021, tax administrative concessions for cross-border workers affected by COVID-19 restrictions. Netherlands To Introduce New Environmental Taxes

The Netherlands is to introduce a new tax on international flights starting on January 1, 2021. Switzerland, Italy Agree Tax Deal For Frontier Workers

On December 23, 2020, Switzerland and Italy signed a new agreement on the taxation of cross-border commuters and an amendment to their existing double taxation agreement. Malta Amends VAT Registration Thresholds

Malta has published The Value Added Tax Act (Amendment of Sixth Schedule) (Amendment No. 2) Regulations, 2020, which makes changes to the thresholds for VAT registration as a small undertaking. Austria Gazettes Law For New Interest Deduction Limitation

Austrian lawmakers have signed off on the introduction of new limits on the deductibility of interest expenses for multinational corporations. Russian Duma Approves Changes To Luxembourg And Cyprus DTAs

At its December 22 plenum, Russia's lower house of parliament approved revisions to the country's double tax agreements with Cyprus and Luxembourg. Norway Issues VAT Regulation In Response To Brexit

Norway intends to provide value-added tax administrative relief measures to UK businesses in response to Brexit. Dutch Senate Approves 2021 Tax Changes

The Dutch Senate has approved the 2021 Tax Plan package, which introduces a lower rate of corporate tax for small- and medium-sized businesses. Germany, Pakistan Ratify The BEPS MLI

Germany and Pakistan have deposited their instrument of ratification with the OECD to bring into force the BEPS multilateral instrument for their networks of tax treaties. Cyprus Government Fails To Pass Budget

Lawmakers in Cyprus have rejected the 2021 Budget, for the first time in the country's history. Cyprus Extends Deadlines For CbC Reports

Cyprus's Tax Department has announced an extension to the reporting deadline for country-by-country reports for the year 2019 and notifications for the year 2020. Isle of Man Reminds Of Tax Payment Deadlines

The Isle of Man has issued a reminder of the deadlines for 2019 corporate tax returns and for certain personal tax payments. Bermuda Consults Industry On New Conduct Of Business Regime

The Bermuda Monetary Authority on December 15, 2020, released a new consultation paper on its proposal for a conduct of business regulatory regime to better protect retail investors. UK Eyeing VAT Rule Changes For Sharing Economy

The UK Government is inviting input on the tax challenges associated with the rise of the sharing economy. Netherlands, Russia At Loggerheads Over DTA Revision

Russia's Ministry of Finance has said it is prepared to terminate the Dutch tax agreement if ongoing negotiations fail. Germany, Poland Agree COVID-19 Cross-Border Worker Tax Deal

Germany and Poland have concluded an agreement to provide relief to cross-border workers who have been affected by COVID-19 restrictions on movement. Netherlands Reforms Dividend WHT Refund Rules

The Dutch Government has issued a decree to ensure the country's dividend withholding tax rules comply with the European Court of Justice's ruling in the Sofina case. EU Seeking Sanctions Against UK Over Tax Rules On Marked Fuels

The EU has referred the UK to the Court of Justice over its failure to comply with EU rules on marked fuel. ECJ AG Urges Ruling Against Belgian 'Excess Profit' Ruling System

European Court of Justice (ECJ) Advocate General Juliane Kokott has opined that the Commission was right to consider that the Belgian practice of making downward adjustments to profits of undertakings forming part of multinational groups, under the "excess profit" ruling scheme, constituted an aid scheme.

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