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Tax-News.com: Belgium Waiving VAT On COVID-19-Related Activities

On March 24, 2020, the Belgian tax authority announced value-added tax will not be levied on medical equipment donated to hospitals and healthcare facilities.




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Tax-News.com: Belgium To Expedite VAT Refunds For Firms Amid COVID-19

On March 29, 2020, the Belgian tax authority announced that value-added tax refunds will be accelerated for all declarations relating to the month of February 2020.




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Tax-News.com: COVID-19: Belgium Extends Corporate Tax Return Deadline

On April 29, 2020, the Belgian tax authority announced changes to the deadline for the submission of annual corporate tax declarations due to the COVID-19 crisis.




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Tax-News.com: HK, France To Share Multinationals' Country-by-Country Reports

Hong Kong has newly signed an agreement with France to automatically exchange country-by-country reports filed by multinationals.




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Tax-News.com: Hong Kong To Soon Join OECD's Multilateral Tax Compact

Hong Kong on February 2, 2018, ratified an Ordinance to enable the territory to soon join the OECD's Multilateral Convention on Mutual Administrative Assistance in Tax Matters and thereby more simply and more broadly agree to exchange tax information with other countries' tax authorities.




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Tax-News.com: HK's Legislature Passes 2018/19 Budget Bill

Hong Kong's Secretary for Financial Services and the Treasury, James Lau, has welcomed the recent passage of the 2018/19 Budget Bill through the special administrative region's parliament.




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Tax-News.com: Switzerland To Share Taxpayer Data With Hong Kong, Singapore

Switzerland's agreements for the automatic exchange of financial account information with Hong Kong and Singapore have entered into force.




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Tax-News.com: Switzerland Legislates To Improve Taxpayer Oversight

The Swiss Federal Council will bring into force legislation on the implementation of recommendations made by the Global Forum on Transparency and Exchange of Information for Tax Purposes.




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Tax-News.com: Switzerland Sends 2019 Taxpayer Data Under CRS

Switzerland's Federal Tax Administration has announced the exchange of information on millions of financial accounts with 75 partner countries.




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Tax-News.com: EU Updates Tax Blacklist

The EU has removed two countries from its list of non-cooperative tax jurisdictions and found a further five to have met their commitments on tax cooperation.




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Tax-News.com: Costa Rica Clarifies Amendments To Non-Cooperative Tax List

Costa Rica's Ministry of Finance has released a statement clarifying its decision to exclude a number of territories with low effective income tax rates from its list of non-cooperative territories.




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Tax-News.com: Switzerland Publishes VAT Guides For Sportspeople

On October 22, 2019, the Swiss Federal Finance Department uploaded a series of publications concerning the value-added tax rules for those participating in and organizing sporting events.




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Tax-News.com: Switzerland To Improve Tax Information Exchange Regime

Switzerland is to amend its domestic framework for the automatic exchange of information, in line with recommendations made by the Global Forum on Transparency and Exchange of Information for Tax Purposes.




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Tax-News.com: Switzerland Publishes New English-Language VAT Guide

The Swiss Federal Tax Authority has released new English-language guidance for foreign businesses on their obligations under Swiss VAT law.




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Tax-News.com: Liechtenstein, Switzerland Agree Administrative Cooperation On VAT

Liechtenstein and Switzerland have agreed a new cooperation pact in the area of value-added tax administration and enforcement.




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Tax-News.com: Switzerland Redrafts Double Tax Treaty Law

The Swiss Government has released new legislation governing Switzerland's application of provisions in its network of double tax agreements.




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Tax-News.com: Switzerland To Overhaul Corporate Tax Rules On January 1

Switzerland is due to introduce its new corporate tax regime from the beginning of 2020.




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Tax-News.com: Switzerland Confirms Status Quo With UK

Switzerland has said that the withdrawal of the UK from the EU on January 31 will not change the relationship between Switzerland and the UK in the near future.




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Tax-News.com: Eight States' Tax Transparency Frameworks Reviewed

The OECD Global Forum has released eight peer review reports, for Brunei, Macau, Switzerland, Barbados, the Seychelles, Liberia, Peru, and Tunisia, on the jurisdictions' efforts to adopt and comply with international tax standards on transparency and the exchange of tax-related information on request.




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Tax-News.com: UAE Confirms Online Purchases Are Subject To VAT

The United Arab Emirates' Federal Tax Authority has released a statement confirming that all purchases from online retailers are subject to the same value-added tax rules as for purchases from brick and mortar stores – that they should generally be subject to the headline five percent value-added tax rate.




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Tax-News.com: UAE Eases First VAT Filing Deadlines

The UAE's Federal Tax Authority (FTA) has changed the deadline for firms preparing to file a VAT return for the first time.




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Tax-News.com: UAE VAT Authority Addresses Compliance Matters

The UAE's Federal Tax Authority has newly launched a number of VAT compliance tools and further confirmed how the value-added tax regime, introduced at the start of the year, should operate.




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Tax-News.com: UAE Issues Guidance Ahead Of VAT Filing Deadline

Businesses registered for the United Arab Emirates's value-added tax need to complete a four-step online procedure to file their tax returns, the Federal Tax Authority has said.




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Tax-News.com: Bahrain Commits To Introducing VAT This Year

Bahrain has committed to pushing towards the introduction of the Gulf Cooperation Council's value-added tax framework by the end of the year.




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Tax-News.com: UAE Clarifies Tax Rules For Contracts Agreed Prior To VAT

The UAE's Federal Tax Authority has issued guidance on whether a supplier or consumer is liable for VAT on goods or services for contracts negotiated before VAT was introduced.




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Tax-News.com: UAE Tax Authority To Waive Late VAT Registration Penalties

The UAE's Federal Tax Authority has announced that it will waive late registration penalties for businesses that have not yet registered for VAT, on the condition that they do so by April 30 of this year.




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Tax-News.com: UAE's First VAT Quarterly Filing Deadline April 29

The first quarterly value-added tax filing deadline of April 29 is fast approaching in the United Arab Emirates, with more than 90,000 taxpayers said to be affected.




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Tax-News.com: UAE Waives VAT On Precious Metals Trading

The UAE's Cabinet has announced that wholesale trading in gold and diamonds will be made exempt from value-added tax.




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Tax-News.com: UAE Issues Guidance On Reclaiming VAT On New House Builds

The United Arab Emirates' Federal Tax Authority has issued guidance on obtaining refunds of value-added tax on new homes.




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Tax-News.com: Oman Says VAT Not On The Backburner

Oman's Government has released a statement confirming that it is preparing to introduce VAT legislation into parliament to implement the levy without delay.




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Tax-News.com: EU Updates Tax Blacklist

The EU has removed two countries from its list of non-cooperative tax jurisdictions and found a further five to have met their commitments on tax cooperation.




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Tax-News.com: UAE To Refund VAT Incurred On House Construction Works

Citizens from the United Arab Emirates (UAE) will newly be able to claim refunds for the VAT they incur when building their own home.




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Tax-News.com: UAE Simplifies VAT Refunds For Home Owners

The United Arab Emirates' Federal Tax Authority has announced the launch of a new service on its website to simplify the process for taxpayers of recovering value-added tax incurred in building their own new homes.




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Tax-News.com: NZ Singled Out For Praise By Tax Foundation Think Tank

In introducing its new 2017 International Tax Competitiveness Index, the Tax Foundation, a US tax policy think tank, notes the importance of simple but effective tax regimes and highlights New Zealand as the country that has implemented particularly positive reforms.




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Tax-News.com: Hong Kong, ASEAN Nations Sign Free Trade Deal

Hong Kong has signed a new free trade agreement with the Association of Southeast Asian Nations, which is expected to become effective from January 2019.




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Tax-News.com: Japan Planning Targeted Corporate Tax Relief

Japan's ruling Liberal Democrat Party has approved a tax reform package that will cut corporate rates for companies who increase employee wages.




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Tax-News.com: Latest Australia-Japan FTA Tariff Cuts In Force

The fifth round of tariff cuts under the Japan-Australia Economic Partnership Agreement have entered into force.




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Tax-News.com: Global Tax Information Exchange Has Netted States Billions

The OECD has reported on the progress achieved to improve tax transparency internationally under the new Common Reporting Standard (CRS), ahead of the meeting of G20 finance ministers in Fukuoka, Japan.




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Good Sleep Patterns Reduce Heart Disease Risk Despite Genetic Influences

Highlights: Healthy sleep patterns can reduce the risk of cardiovascular diseases (CVD) These sleep pat




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Overeating - Not Lack of Exercise - Could be the Root Cause of Obesity

Highlights: Eating too much - not exercising too little - is at the root of obesity It is also responsible




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Zika Virus Could Help Treat Brain Cancer: Here's How

Highlights: Zika virus can specifically kill brain cancer cells, without harming normal cells It




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Abdominal Obesity Could Up Risk of Recurrent Heart Attacks

Highlights: Excessive belly fat could increase the risk of recurrent heart attacks and strokes Occurs due to




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Kerala Passes Landmark Government Order for Brain Death Certification

Highlights: In India, the concept of brain death has been closely linked with organ donation In the ca




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New Cancer Treatment can Hide Boron Inside Cancer Cells During Radiotherapy

Highlights: Boron can now be retained within cancer cells using a novel method Trapping boron within ca




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Disrupting Glutamine Metabolism Aids to Treat Chemotherapy Resistant Pancreatic Cancer

Highlights : A way to utilize existing chemotherapy in a more efficient manner in treating pancreat




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Simple Test can Identify Patients at Risk for Future Dialysis or Transplant

Highlights: A low-cost test can identify patients at high risk of requiring dialysis or transplant




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Novel Treatment Strategy Developed Against MERS

Highlights: A new treatment strategy against MERS has been developed It uses drugs that regulate a cellular/




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New Treatment Strategy for Depression Uses AI and Brain Scans

Highlights: Artificial Intelligence (AI) and brain scanning can predict which treatment is best for de




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IVF Babies at Higher Risk of Death During First Few Weeks of Life

Highlights: Infants conceived through IVF can have a higher risk of death than infants conceived naturally This




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World Encephalitis Day: A Global Issue That Needs a Human Solution

Highlights: World Encephalitis Day is celebrated annually on 22 nd February Its major objective is to raise awaren