Latest News

International Tax News

Get the latest international tax news here or check out our news for various countries. Thanks for visiting us. Switzerland Planning New VAT Rules For Mail Order Companies

The Swiss Federal Council has launched a consultation on the amendments to the VAT law, with a focus on the tax treatment of mail order businesses and the administrative burden on SMEs. Switzerland Rules Out Tax Changes For Blockchain Technology

The Swiss Finance Department has said that changes to tax law are not currently needed in response to developments in distributed ledger technology and blockchain. German Cabinet Agrees Hike To Carbon Taxes

On May 20, 2020, the German Cabinet agreed on new regulations that will set higher carbon prices from 2021 than those originally envisaged in the Government's Climate Protection Program, which was partially approved by parliament in November 2019. Malta Explains COVID-19 Tax Impact For The Self-Employed

Malta's Commissioner for Revenue has released tax-related guidance for self-employed taxpayers receiving the COVID wage supplement. Netherlands Clarifies COVID-19 VAT Concessions

On May 25, 2020, the Dutch tax authority said that taxpayers receiving assessment notices for not submitting a value-added tax return on time can apply for a three-month filing extension. Switzerland To Amend Tax E-Filing Obligations

The Swiss Federal Council intends to end the obligation to sign electronic tax returns and to introduce new e-filing requirements for certain documents. Australia Flags Contrived Tax Avoidance Arrangement

The Australian Taxation Office has issued a Taxpayer Alert on mischaracterized arrangements and schemes connected with direct foreign investment into Australian businesses. Finland Highlights New Sharing Economy Tax Requirements

On May 20, 2020, the Finnish tax authority issued a reminder to sharing economy platforms that they must report details of ride sharing and rental activities from 2021. Italian Tax Agency Summarizes New COVID-19 Tax Support Measures

On May 21, 2020, the Italian Revenue Agency issued a summary of additional tax measures in Decree 34/2020, which are intended to further support taxpayers affected by the COVID-19 virus. COVID-19: Belgium And France Clarify Tax For Cross-Border Workers

On May 15, 2020, the competent authorities of Belgium and France concluded an agreement which clarifies the tax situation of cross-border workers in the context of the COVID-19 health crisis. Philippines Moots Digital Tax

A proposal has been put forward for a digital services tax regime in the Philippines. Indonesia To Begin Requiring VAT On Streaming Services

According to local media reports, Indonesia is to introduce a tax on video and game streaming services and on certain digital services starting July 1, 2020. Finland Considers COVID-19 Tax Increases

On May 8, 2020, the Finnish Government published a report which explores the economic and fiscal consequences of the COVID-19 pandemic for Finland and considers what taxes could be increased to help restore the public finances. Irish Businesses Seek Tax Support To Bounce Back From COVID-19

Irish business association Ibec has called for the establishment of a Commission on Taxation, as part of a package of measures to "reboot" the economy after the coronavirus pandemic. IRS Clarifies Tax Treaty References To NAFTA

On May 19, 2020, the United States Treasury Department and the Internal Revenue Service issued an Announcement which clarifies the interpretation of references in US income tax treaties to the North American Free Trade Agreement once it is replaced by the Agreement between the United States, Mexico and Canada. Netherlands Mulling Tax System Overhaul

The Dutch Government has submitted a report to parliament which includes an extensive set of proposals intended to improve and "future-proof" the country's tax system. US House Passes COVID-19 Stimulus Bill With Tax Measures

On May 15, 2020, the United States House of Representatives approved the HEROES Act, which amends previous COVID-19-related stimulus legislation by changing loss carryback rules and providing further tax support for businesses and individuals. Belgium To Fix Glitch In VAT Administrative System

On May 15, 2020, the Belgian tax authority announced that taxpayers who timely filed their value-added tax declarations but were then informed that they submitted late or made an error in their submission to ignore such notifications due to technical issues with the VAT filing system. ECJ Rules Against UK's VAT Rules For Commodities Trading

The European Court of Justice (ECJ) on May 14, 2020, ruled against UK value-added tax rule changes for commodities trading. France To Press On With Digital Tax

French Finance Minister Bruno Le Maire has said that the Government intends to introduce a digital services tax this year.

Any questions ? Feel free to contact us.