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Get the latest international tax news here or check out our news for various countries. Thanks for visiting us. Ukraine, Austria To Raise Tax Rates In Double Tax Pact

Ukraine and Austria intend to revise their double tax agreement to raise rates of tax on cross-border income and introduce measures to combat tax base erosion and profit shifting. UAE To Expand Tax Payment Options From November

The United Arab Emirates Federal Tax Authority has set out its plans to upgrade its eDirham system, which is used to pay state fees and taxes. France To Collect Its Digital Services Tax This Year

French Minister of Finance Bruno Le Maire has reportedly said that France intends to collect the country's digital services tax in December 2020. France Allowing Companies Three More Months To Pay Property Tax

France has extended the October 15 property tax payment deadline for businesses affected by measures to contain COVID-19. Belgium Postpones Corporate Tax Return Deadline

Belgium's Minister of Finance has announced a further extension to the 2020 corporate tax return deadline. OECD Indicates New Focus On Virtual Currency Tax Issues

The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets. UK Updates Brexit VAT Guidance For Imported Goods

On October 5, 2020, the UK tax authority added considerably to its Brexit guidance for businesses on the value-added tax rules that will apply to goods entering Great Britain from outside the UK. Malta Expands Fiscal Unity Guidelines

Malta's tax agency has announced that it has expanded its guidance on the territory's Fiscal Unity regime, to clarify technical matters in relation to the Consolidated Group (Income Tax) Rules. Russia, Malta Sign Double Tax Agreement Protocol

The Russian Government has announced the signing of a double tax Protocol with Malta, to increase the amount of tax that Russia may collect at source on cross-border payments of dividends and interest to 15 percent. Turkey Cuts Tax On Forex Transactions

Turkey has reversed an increase to the country's Banking Insurance Transaction Tax (BSMV) on foreign currency and gold purchases. Netherlands Allows More Time To Pay Frozen Tax Debts

The Dutch Government has announced that businesses may further delay payment of certain tax dues that were frozen in response to the COVID-19 pandemic. France To Cut Business Taxes

French Minister of Finance Bruno Le Maire presented the 2021 Finance Bill to parliament on September 28, 2020, which includes provisions to reduced taxes on production and plans to reduce the corporate tax rate next year. UAE Explains Updated Economic Substance Rules

The United Arab Emirates Ministry of Finance has highlighted changes made to the territory's rules on economic substance. UK Releases Construction VAT Reverse Charge Guidance

On September 24, 2020, HM Revenue and Customs released in-depth guidance on the introduction of the VAT reverse charge mechanism on the supply of building or construction services. Netherlands Invites Input On New Dividend Withholding Taxes

On September 25, 2020, the Dutch Ministry of Finance launched a consultation on plans to introduce a withholding tax on dividend payments to low-tax jurisdictions. Belgium Launches Tax Filing Season For Non-Resident Individuals

The Belgian Ministry of Finance has announced that non-resident taxpayers may now file their tax return electronically for the 2020 tax year. Germany Issues EU Presidency Tax Priorities

On September 22, 2020, Germany provided further details about the government's tax policy priorities for its presidency of the European Union. UK To Collect Interest On Overdue Digital Services Tax

The UK Government on September 16, 2020, tabled The Taxes (Interest Rate) (Amendment No. 2) Regulations 2020, which will enable HM Revenue and Customs to collect or pay interest on overpaid or underpaid digital services tax liabilities. UAE To Allow Loans Secured By Movable Property

The United Arab Emirates has released a new law that would allow businesses to use movable property to secure bank and commercial loans. Cyprus Adds To Guidance On Calculation Of NIDs

The Cyprus Tax Department has released ten-year government bond yield rates for five new territories, to support businesses in calculating claims for Cyprus's Notional Interest Deduction. The rates are for Bermuda, Denmark, Jordan, Portugal, and Switzerland.

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