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Tax-News.com: Germany To Provide Personal Income Tax Relief

On July 29, 2020, the German Federal Cabinet approved a draft tax law including personal income tax relief measures.




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Tax-News.com: Guernsey Updates MAP Guidance

On November 17, 2020, Guernsey's Revenue Service released updated guidance on Mutual Agreement Procedure dispute resolution.




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Tax-News.com: Cyprus Announces More COVID-19 Tax Breaks

The Government of Cyprus has announced a number of new tax support measures for businesses, including a value-added tax rate cut for tourism accommodation providers and restaurants.




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Tax-News.com: Cyprus Announces More VAT Payment Flexibility

Cyprus's tax agency has released a number of statements regarding further value-added tax payment concessions for companies financially impacted by the COVID-19 pandemic.




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Tax-News.com: Malta Releases Guidance On EU Anti-Tax Avoidance Directives

Malta's Commissioner for Revenue on August 31, 2020, published guidelines on domestic regulations to implement the EU's Anti-Tax Avoidance Directives.




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Tax-News.com: Malta Releases Corporate Income Tax Returns

Malta's Commissioner for Revenue has released year of assessment 2021 electronic income tax returns for companies.




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Tax-News.com: Jersey Launches Individual Tax Season

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.




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Tax-News.com: France Announces COVID-19 Tax Support For Wine Industry

On May 11, 2020, the French Government presented a COVID-19-related economic support package targeted at the nation's wine industry, which includes relief from social contributions.




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Tax-News.com: 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.




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Tax-News.com: France Provides SMEs With More COVID-19 Tax Relief Measures

The French Government has presented to the Council of Ministers a third amendment to the Finance Bill for 2020, which provides additional support for businesses affected by the COVID-19 outbreak.




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Tax-News.com: France Clarifies Eligibility For COVID-19 Property Tax Reliefs

The French Government has listed the businesses that may exceptionally benefit from a two-thirds reduction in local property tax.




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Tax-News.com: France Launches COVID-19 Tax Settlement Scheme For SMEs

France's General Directorate of Public Finance has launched a scheme that allows small companies to request a specific settlement plan for the payment of their taxes.




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Tax-News.com: France Expands COVID-19 Tourism Sector Support Scheme

The French Government is extending its COVID-19 financial support package for the tourism sector to various additional business types.




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Tax-News.com: France, Luxembourg Extend Cross-Border Worker Tax Deal

Luxembourg and France have agreed to extend an agreement that eases tax residency rules for cross-border workers affected by COVID-19 restrictions.




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Tax-News.com: France Extends COVID-19 Tax Deals For Cross-Border Workers

The French Ministry of Finance confirmed on August 31, 2020, that several tax agreements applying to cross-border workers during the COVID-19 crisis have been extended.




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Tax-News.com: France Planning EUR20bn In Business Tax Cuts

The French Government has announced proposals to cut taxes on production by EUR20bn (USD23.7bn) in 2021 and 2022.




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Tax-News.com: France Enhances COVID-19 Tax-Free Bonus Scheme

The French tax authority has announced that it will modify and extend a scheme that allows employers to pay workers tax-free bonuses.




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Tax-News.com: France Lowers Threshold For Tourist VAT Refunds

France has cut the amount that tourists must spend to claim back the VAT on their purchases.




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Tax-News.com: 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.




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Tax-News.com: 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.




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Tax-News.com: France Proposes Additional COVID-19 Support Measures

In two recent speeches, French Finance Minister Bruno Le Maire has outlined plans to extend COVID-19 supports for French businesses.




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Tax-News.com: France Hikes VAT Due On Yacht Charters

The French tax authority has confirmed new rules regarding the calculation of VAT on pleasure yacht charters.




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Tax-News.com: French Legislature Considering 2021 Finance Bill

France's Senate is considering the country's 2021 Finance Bill, following approval in late November by the National Assembly.




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Tax-News.com: Netherlands Cancels Corporate Tax Rate Cut

The Dutch Government has decided to cancel a planned decrease in the corporate tax rate in its 2021 Tax Plan.




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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: 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.




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Tax-News.com: Hong Kong Provides Tax Concessions For Carried Interest

The Hong Kong Government has gazetted legislation to provide tax concessions for carried interest distributed by eligible private equity funds operating in Hong Kong.




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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: 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: Hong Kong Provides Tax Concessions For Carried Interest

The Hong Kong Government has gazetted legislation to provide tax concessions for carried interest distributed by eligible private equity funds operating in Hong Kong.




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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 To Amend Tax Rules For Foreign-Source Passive Income

The Hong Kong Government has issued a statement committing to amend its tax law with regards the tax exemption for foreign source passive income from 2023, to ensure the territory does not end up placed on the EU's tax blacklist of non-cooperative territories.




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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: 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 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: 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: 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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Gurugram Increases Screening at Border to Stop Dengue-Malaria Cases

The district health department of Gurugram is on alert to screen for dengue and malaria cases at the border, after increase in the number of cases. The




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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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Increased Temperatures Pose Growing Dengue Risk

The escalating impact of climate change is anticipated to expand the reach of medlinkdengue/medlink, a mosquito-borne disease claiming thousands of




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TN Health Department Launches Dengue Prevention Drive Amid Case Surge

The Tamil Nadu Health Department has launched urgent measures to curb the surge in medlinkdengue/medlink cases in the state (!--ref1--). The




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Tax-News.com: US IRS Announces TCJA Compliance Campaign

On May 1, 2020, the United States Internal Revenue Service Large Business and International Division announced a new compliance campaign focusing on the 2017 Tax Cuts and Jobs Act and the recently enacted Coronavirus Aid, Relief and Economic Security Act.




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Tax-News.com: 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.




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Tax-News.com: 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.




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Tax-News.com: US Announces Tariffs On French Goods In Response To DST

The Office of the US Trade Representative has announced that the US will impose additional duties of 25 percent on imports of certain French products from next year in response to the country's decision to introduce a digital services tax.




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Tax-News.com: 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.




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Tax-News.com: COVID-19: Belgium, Germany Conclude Cross-Border Worker Agreement

On May 13, 2020, the Belgian tax authority announced that the competent authorities of Belgium and Germany have concluded an agreement which clarifies the tax situation of cross-border workers in the context of the COVID-19 health crisis.




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Tax-News.com: 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.




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Tax-News.com: France Extends COVID-19 Tax Deals For Cross-Border Workers

The French Ministry of Finance confirmed on August 31, 2020, that several tax agreements applying to cross-border workers during the COVID-19 crisis have been extended.