A new tax treaty incorporating the latest international tax standards was signed by France and Luxembourg on March 20.

International tax developments could have a negative impact on Luxembourg's tax revenues and economy, the International Monetary Fund has said in its latest Luxembourg country report.

Enhancements to Luxembourg's network of double tax agreements to mitigate base erosion and profit shifting will become effective from August 1, 2019.

Luxembourg's Government Council, comprising government ministers, has approved legislative changes to the territory's VAT regime to introduce the four quick fixes to improve the functioning of VAT rules in the European Union.

The EU General Court has dismissed an appeal brought against the European Commission's decision that a tax ruling granted by Luxembourg to Fiat Chrysler Finance Europe was unlawful.

On September 13, the OECD launched a substantial report on the tax policy reforms implemented last year by advanced nations.

African countries are steadily improving their tax revenue collections, according to Revenue Statistics in Africa 2017, a new report released recently at a meeting of tax and finance officials from 21 African countries.

The South African Revenue Service announced on October 30 that it had paid over ZAR120bn (USD8.4bn) in refunds across all tax types in the last seven months, from the beginning of April of the tax season to date.

South Africa is to launch an inquiry into the reasons behind a shortfall in tax revenue collections.

The United States Economic Commission for Africa says African countries are gearing up to sign the African Continental Free Trade Area Agreement, with a key deadline this month being hit with an agreement among ministers.

The South African Revenue Service has released the 2017 edition of its Tax Statistics report, looking at the agency's performance over the 2013 to 2016 tax years.

The South African Revenue Service has reminded taxpayers that individual tax payment is required by January 31, 2018.

South Africa has issued a guide on the value-added tax rate increase to 15 percent from 14 percent due to take effect from April 1, 2018.

The South African Revenue Service has announced that it will temporarily permit taxpayers to report information on controlled foreign corporations under the old filing rules, which were replaced in February.

On April 1, 2018, South Africa will raise its value-added tax rate to 15 percent from 14 percent.

44 African countries have signed a landmark free trade pact to simplify tax and non-tax rules for trading between their borders.

On April 1, 2018, South Africa increased its value-added tax rate to 15 percent from 14 percent.

"While countries do not necessarily need to tax savings more, there is a lot of room to improve the way countries tax savings," according to Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration.

Having increased the headline value-added tax rate to 15 percent from 14 percent on April 1, South Africa has appointed a panel to consider a review of the list of food items subject to the zero rate.

South Africa's National Treasury is inviting the public to contribute to a review of the list of items zero-rated for value-added tax purposes.

The South African Revenue Service has removed certain paper forms from its branches in an attempt to encourage more taxpayers to file tax returns electronically.

The African Continental Free Trade Agreement will enter into force on May 30, 2019, after Sierra Leone and the Sahrawi Republic deposited their instruments of ratification of the agreement.

On October 23, 2019, the Commissioner of the South African Revenue Service launched the re-established Large Business Centre, which aims to bring about higher levels of voluntary tax compliance among large taxpayers.

Coronavirus vaccine: World leaders and organisations, except the United States, have already pledged $8 billion to research, manufacture and distribute a possible vaccine and treatments for COVID-19 apart from the individual efforts taken by the countries and its pharmaceutical firms

The OnePlus Bullets Wireless Z earphones come with a magnetic stripe on the earbuds that pause music when attached.

Owing to the coronavirus pandemic, tech giants Facebook and Google will allow the majority of their employees to work from home.

Jio has introduced an annual work-from-home annual plan for Rs 2399 that gives its users 2GB daily data. It has also brought in three work-from-home add-on plans.

Xiaomi has finally launched the Mi 10 in India, and with starting price of Rs 49,999, it goes up against the likes of the OnePlus 8 and the OnePlus 8 Pro, which were recently launched in India. Here it is compared with the OnePlus 8 Pro.

Google Duo has added a family mode feature which lets its users get a more personalised experience by using AR effects and options to doodle.

Facebook had announced a redesign of its desktop version in the F8 conference this year. Now, it is officially available for all users around the globe.

Sensex, Nifty Live News Today: SBI Cards and Payment Services, Adani Gas, Shree Cement, Procter & Gamble Hygiene & Health Care, Reliance Power, Reliance Infrastructure, Reliance Home Finance, Reliance Capital among others will be reporting their March quarterly results today

Share price of SBI Cards and Payment Services gained 2.44% to Rs 587.80 compared to the previous close of Rs 573.80 on BSE

At the interbank foreign exchange, the rupee opened at 75.36, then gained ground to touch 75.27, registering a rise of 45 paise over its previous close

Share price of Reliance Industries gained 4.43% to Rs 1,574 compared to the previous close of Rs 1,507 on BSE. Reliance Industries stock gained 9.11% in the last four days

The fund house said the remarks made by Jenny Johnson, president and CEO, Franklin Templeton during their quarterly earnings call were quoted "out of context" by media outlets

Stock specific action was seen in index heavyweight Reliance Industries gained 3.43% to Rs 1,558 on BSE after PE firm Vista Equity Partners said it would invest Rs 11,367 crore into Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

Shares of Asian Paints closed 1.01 per cent lower at 1,577against previous close of Rs 1593 on BSE

Share price of Biocon rose up to 3.22% to Rs 360.9 against previous close of Rs 349.65 on BSE

Share price of RBL Bank fell up to 8.77% to Rs 117.6 compared to the previous close of Rs 128.90 on BSE

Share price of Tata Motors slipped 2.36% intra day to Rs 84.85 compared to the previous close of Rs 82.50 on BSE

The German Cabinet has approved a proposal to reduce the rate of value-added tax on electronic publications. The rate is expected to drop from January 1, 2020.

On August 29, 2019, German Economy Minister Peter Altmaier announced the outlines of a plan to reduce the tax and regulatory burden on small and medium-sized companies in Germany.

On November 18, 2019, the German Ministry of Finance published a question and answer section on its website to clarify the role of a new special unit within the tax authority designed to detect cases of tax fraud more quickly.

The upper house of the German parliament, the Bundesrat, has rejected certain tax elements of the Government's climate protection plan, including a reduction in value-added tax on long-distance rail travel.

The Swiss Government has said that from January 31, individuals and legal entitles domiciled in Germany will be able to use an online Swiss application to request a refund of Swiss withholding tax.

For the fourth quarter ended March 31, 2020, ICICI Bank reported a 26 per cent rise in net profit at Rs 1,221 crore compared to Rs 969 crore a year ago

According to a PTI report, all state governments except Maharashtra have been paying for the railway costs to ferry passengers to their native places

Kerala coronavirus cases: With May 8 being the 100th day of COVID-19 outbreak in India, Kerala reported only one new case in 24 hours, state CM Pinarayi Vijayan said on Friday

In a letter to Banerjee, Shah accused the Bengal government of not allowing "shramik (worker)" trains to reach Bengal and warned that non-cooperation would create hardship for state's migrants