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The European Union has released its Winter 2021 Economic Forecast, which says that Brexit will dent UK economic growth considerably, and more than for the European Union, despite the new free trade deal between the two parties.

The Irish headline rate of VAT will return to 23 percent from March, having been temporarily reduced in response to the COVID-19 pandemic.

A webinar is to be held on February 17, 2021, on the Platform for Collaboration on Tax's toolkit on Transfer Pricing Documentation.

Belgium's Federal Public Service Finance has announced that businesses may now submit returns through the Belcotax-on-web portal.

On February 8, 2021, the European Commission launched a consultation on a review of the VAT rules for financial and insurance services.

Lawmakers sitting on an EU parliament climate committee have called for the introduction of a carbon border adjustment mechanism.

A group of experts assessing the Swiss tax regime has drawn up an action plan on improving Switzerland's international tax competitiveness.

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 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.

The Netherlands is to introduce a new tax on international flights starting on January 1, 2021.

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 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.

Austrian lawmakers have signed off on the introduction of new limits on the deductibility of interest expenses for multinational corporations.

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 intends to provide value-added tax administrative relief measures to UK businesses in response to Brexit.

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 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.

Lawmakers in Cyprus have rejected the 2021 Budget, for the first time in the country's history.

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.

The Isle of Man has issued a reminder of the deadlines for 2019 corporate tax returns and for certain personal tax payments.

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