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Tax-News.com: Singapore Expands Business Tax Support Schemes In 2021 Budget

Singapore announced the extension of a number of support measures for businesses in its 2021 Budget, released on February 16, 2021.




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Tax-News.com: Singapore Issues Corporate Tax Return Filing Guidance

The Inland Revenue Authority of Singapore has released guidance for companies on filing a corporate income tax return this year.




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Tax-News.com: Philippines DOF Says Wealth Tax Plan Would Be Self-Defeating

The Philippines Department of Finance has issued a statement warning against the introduction of a new tax on the super wealthy.




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Tax-News.com: Cyprus Receives EU Approval For Angel Investor Tax Breaks

The European Commission has approved a Cypriot scheme involving the grant of tax breaks to private investors – both natural persons and corporate investors – who invest into early-stage, innovative SMEs.




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Tax-News.com: Cambodia Again Delays Capital Gains Tax Plans

Authorities in Cambodia have announced a further two-year delay to the implementation of a capital gains tax.




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Tax-News.com: 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.




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Tax-News.com: EU Approves Italian COVID-19 Tax Breaks

The European Commission has approved under state aid rules four Italian tax schemes to support companies and self-employed workers affected by the coronavirus outbreak.




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Tax-News.com: Austria And Italy Sign Frontier Worker Tax Agreement

Austria and Italy have signed an agreement clarifying the tax rules for frontier workers who are working at home due to the COVID-19 pandemic.




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Tax-News.com: Italy Explains Tax Break For COVID-19 Changes To Workplaces

On July 10, 2020, the Italian tax authority issued a ruling to explain the rules concerning tax credits for expenditure on adapting workplaces to prevent the spread of COVID-19.




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Tax-News.com: Italy To Extend VAT Split Payment Mechanism For B2G Supplies

On July 24, 2020, a Council Implementing Decision was published in the official journal of the European Union authorizing the extension of Italy's value-added tax split payment mechanism scheme, applicable to contracts with public sector entities.




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Tax-News.com: COVID-19: Italian Firms Allowed More Time To Pay Deferred Taxes

The Italian Government will allow tax payments that were deferred during the COVID-19 lockdown to be paid in instalments over a two-year period.




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Tax-News.com: 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.




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Tax-News.com: OECD Reports Solid Progress On BEPS Action 5 And 14

The OECD/G20 Inclusive Framework on BEPS has published the outcome of more reviews into territories' preferential tax regimes and on tax dispute resolution through the Mutual Agreement Procedure.




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Tax-News.com: Hong Kong Announces Tax Relief In 2021-22 Budget

Hong Kong will grant taxpayers a waiver of up to HKD10,000 (USD1,290) of profits tax, salaries tax, and tax under personal assessment, the territory announced in its 2021-22 Budget.




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Tax-News.com: Hong Kong Enhances Tax Rules For Amalgamations

Hong Kong's Legislative Council has passed a bill to implement a series of amendments to the Inland Revenue Ordinance.




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Tax-News.com: Hong Kong Sets Out Response To Int'l Tax Reform Plans

Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, has set out how the territory intends to respond to the OECD's proposed new international tax framework.




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Tax-News.com: OECD Reports Solid Progress On BEPS Action 5 And 14

The OECD/G20 Inclusive Framework on BEPS has published the outcome of more reviews into territories' preferential tax regimes and on tax dispute resolution through the Mutual Agreement Procedure.




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Tax-News.com: 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.




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Tax-News.com: Australia To Shutter 'Harmful' Offshore Banking Unit Regime

The Australian Government has confirmed that it will amend its offshore banking unit regime after it was designated a harmful tax regime by the OECD and the European Union.




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Tax-News.com: Australian Tax Agency Announces Virtual Currency Tax Focus

The Australian Taxation Office has expressed its concern that some taxpayers do not fully understand the tax implications of cryptocurrency gains.




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Tax-News.com: Switzerland Opens COVID-19 Loan Guarantee Scheme For Start-Ups

The Swiss Government has opened the application process for a loan guarantee scheme aimed at helping start-ups facing liquidity problems during the coronavirus outbreak.




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Tax-News.com: Switzerland Launches New Tax Burden Calculation Tool

The Swiss Federal Department of Finance has announced the launch of a new online tool for individuals taxpayers, which is being developed also for legal entities.




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Tax-News.com: 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.




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Tax-News.com: 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.




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Tax-News.com: 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.




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Tax-News.com: Switzerland To Introduce VAT Domestic Reverse Charge On Emissions Trading

Switzerland has proposed introducing the value-added tax reverse charge mechanism for domestic transactions in emission allowances.




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Tax-News.com: Switzerland Unlikely To Need Tax Hikes In Response To COVID-19

The Swiss Government is anticipating a shortfall in tax receipts of over CHF5bn in 2020.




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Tax-News.com: Switzerland Relaxes Rules For Tourists' VAT Refunds

Switzerland's Federal Department of Finance is extending the time limit within which tourists can export goods purchased in the country tax free.




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Tax-News.com: Switzerland Adds BEPS Provisions To Three Treaties

Switzerland has signed protocols to its double taxation agreements with Cyprus, Liechtenstein, and Malta to implement minimum standards developed as part of the OECD's BEPS project.




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Tax-News.com: France Publishes List Of Territories Exempt From CbC Local Filing

On July 20, 2020, the French Government published in the Official Gazette a decree to expand the list of jurisdictions exempt from local filing reporting requirements under the country's country-by-country reporting regime.




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Tax-News.com: Switzerland Eases VAT Refund Rules For Tourists

Effective August 1, 2020, Switzerland relaxed the rules for tourists seeking to export goods free from tax.




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Tax-News.com: Russia Turns Sights To Switzerland, Hong Kong Treaties

Russia's double tax agreements with Hong Kong and Switzerland are next on the radar for authorities in Russia, who are seeking to ensure the country can subject to at least 15 percent withholding tax outbound dividends and interest payments.




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Tax-News.com: US-Swiss Agreement Published On Mandatory Binding Arbitration

The US Internal Revenue Service (IRS) has released the text of an arbitration agreement between the US and Switzerland, in Internal Revenue Bulletin 2020-35, published August 24.




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Tax-News.com: Switzerland Prolongs Exemption For COVID-19 Essentials

The Swiss Government has confirmed it will extend a tax exemption for surface disinfectants in light of COVID-19.




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Tax-News.com: Switzerland To Add Anti-BEPS Provisions To Two Treaties

On August 26, 2020, the Swiss Federal Council ratified a new double taxation agreement with Bahrain and a Protocol to revise its DTA with Kuwait.




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Tax-News.com: Switzerland To Draft New Customs Tax Act

On September 11, 2020, the Swiss Federal Council launched a consultation on proposals for the total revision of the customs system.




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Tax-News.com: 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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Tax-News.com: Switzerland No Longer Paying Interest On Early Tax Payments

In an October 15, 2020, statement, the Swiss Government announced it will not pay interest on federal taxes paid early.




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Tax-News.com: Switzerland To Overhaul Domestic Law Governing Double Tax Pacts

The Swiss Federal Council has approved proposed legislative changes to alter how the country interprets double tax agreement provisions.




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Tax-News.com: 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.




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Tax-News.com: 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.




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Tax-News.com: Switzerland Eyeing Tax Regime Improvements

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




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Tax-News.com: Switzerland Publishes Review Of 2021 Tax Progress

As part of its commitment to fighting cross-border tax evasion and profit shifting, Switzerland sent information on over 3m financial accounts in 2021, according to a new review of the Swiss financial center by the State Secretariat for International Financial Matters.




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Tax-News.com: Switzerland To Share Tax Data With 12 More States

At its meeting on May 18, 2022, the Swiss Federal Council approved the dispatch on the introduction of the automatic exchange of information on financial accounts (AEOI) with 12 other partner countries.




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New Mechanism for Identifying Drugs for Dengue Discovered

New mechanism for designing antiviral drugs for dengue virus has been identified. The study details are published in iProceedings of the National Academy of Sciences/i.




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National Dengue Day 2022: Symptoms and Prevention of Dengue

National Dengue Prevention Day is celebrated on May 16 every year in India. The day aims to spread awareness about this disease and preventive methods and tips to treat dengue.




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New Smartphone Clip-on can Detect Zika Virus in Blood Samples: Study

Novel device developed can be clipped onto a smartphone to rapidly test for Zika virus in a single droplet of blood, reveal researchers at the University of Illinois Urbana-Champaign.




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Bangladesh Grapples With Dengue Crisis as Death Toll Surpasses 900

The number of reported dengue fever cases in Bangladesh this year has reached 187,725, with the death toll exceeding 900 individuals, according to data from the health department.




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Rise in Prevalence of DEN-2 Variant Raises Concerns in Dengue Outbreaks

In Uttar Pradesh the DEN-2 variant of dengue is increasingly common among people who have tested positive for this mosquito-transmitted disease (!--ref1--).




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Tamil Nadu Plans 1,000 Medical Camps for Dengue Screening Starting October 1

Starting from October 1, the health department of Tamil Nadu will conduct 1,000 medical camps dedicated to screening for medlinkdengue/medlink, said Health Minister Ma Subramanian.