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Tax-News.com: Netherlands Sets Out 2020 Tax Treaty Goals

On January 20, 2020, the Dutch Ministry of Finance announced the list of countries with which the Netherlands intends to negotiate new or amended double tax treaties in 2020.




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Tax-News.com: OECD Provides Update To G20 On BEPS Work

In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses.




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Tax-News.com: J5 Reviews Work To Tackle Cross-Border Tax Crimes

On February 19, 2020, the United States Internal Revenue Service announced that the leaders of the Joint Chiefs of Global Tax Enforcement recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead.




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Tax-News.com: Ireland Consults On Capital Gains Tax Relief Review

The Irish Finance Department has launched a consultation on potential changes to the capital gains tax revised entrepreneur relief.




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Tax-News.com: Ireland Consults On Future Of Two Tax Reliefs

The Irish Government is holding a public consultation on the Special Assignee Relief Programme and the Foreign Earnings Deduction, as part of a broader independent review of the reliefs.




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Tax-News.com: Ireland Issues Guidance On New Anti-Hybrid Mismatch Rules

The Irish Government has released additional guidance on its proposals for new anti-hybrid rules, responding to feedback to a consultation launched in November 2018.




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Tax-News.com: OECD's Digital Tax Work Has Broad Ramifications For Ireland

As a small open economy, Ireland may be affected significantly by the OECD's proposals to modify how taxing rights are allocated among countries, Irish business association Ibec has said.




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Tax-News.com: Ireland Issues E-Brief On Mergers And Divisions

The Irish Revenue has published guidance on the tax compliance obligations that arise from mergers and divisions.




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Tax-News.com: UK Lists Instructions For Traders On Brexit

HM Revenue and Customs has written to VAT-registered businesses that trade with the EU, advising them on how to prepare for changes to customs, excise, and VAT in the event of a no-deal Brexit.




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Tax-News.com: Ireland Sets Out Plans For Transfer Pricing Regime Changes

Ireland has released a responses document on an ongoing consultation on an update to the country's transfer pricing rules.




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Tax-News.com: Apple's Irish Tax Ruling Appeal Gets Underway

The Irish Government is arguing that favorable tax treatment was not granted to Apple under two rulings deemed by the EU to have constituted illegal state aid to the company.




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Tax-News.com: Ireland Explains Tax Rules For Payments To Non-Resident Landlords

The Irish Revenue has updated its Tax and Duty Manual on the taxation of non-resident landlords to clarify a number of obligations.




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Tax-News.com: Ireland Issues Guide On Dual-Resident Companies

The Irish Revenue has published guidance on dual-resident companies that explains new rules introduced under the BEPS multilateral convention on tax treaties.




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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: Tax Agencies Meet To Discuss Use Of Big Data Analysis

Tax agencies from 31 countries discussed the ways they are using data analysis tools to improve tax enforcement and administration, at the first meeting of the IOTA Forum on Tax Debt Management, held in Prague, Czech Republic, On October 1-3, 2019.




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Tax-News.com: Ireland Studies Potential Drop In Record High CIT Receipts

A reversal of recent surges in corporate tax receipts could hit tax revenues and affect the Ireland's longer-term economic position, according to analysis released by the Irish Finance Department.




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Tax-News.com: Ireland Publishes 2019 Finance Bill

The Irish Government has published its 2019 Finance Bill, which introduces changes to a number of SME-targeted tax incentives and implements a range of measures announced in this month's Budget.




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Tax-News.com: EU States Shut Down Plans For Public CbC Reporting

EU member states have been unable to reach an agreement on proposals to release to the public information on multinational enterprises' tax affairs.




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Tax-News.com: Ireland Amends Guidance On MAP Assistance

The Irish Revenue has updated its guidelines on requesting Mutual Agreement Procedure assistance in Ireland.




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Tax-News.com: Ireland Schedules Election For February 8

A general election will take place in Ireland on February 8, with Prime Minister Leo Varadkar saying that this date provides a window to ensure a new government is in place ahead of the next European Council meeting in March.




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Tax-News.com: Irish Gov't Pledges Individual Tax Cuts, No Digital Tax

Ireland's governing party Fine Gael has published its election manifesto, which includes proposals to reduce the income tax burden and reform the taxation of SMEs.




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Tax-News.com: Ireland Updates Guidance On EU Exit Tax On IP Flight

The Irish Revenue has updated its guidance on Irish exit tax legislation to reflect changes introduced by Finance Act 2019.




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Tax-News.com: Ireland Announces Help For SMEs With Cash-Flow Issues

The Irish Revenue has issued advice on the steps it is taking to help SMEs experiencing cashflow and trading difficulties arising from the impact of the coronavirus.




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Tax-News.com: Switzerland, South Korea Sign AEOI Declaration

Switzerland and South Korea have signed a joint declaration on the automatic exchange of tax information from 2018.




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Tax-News.com: Abu Dhabi Free Zone Officials Visit China

Officials from the Abu Dhabi Global Market, a free zone in the United Arab Emirates, and the Abu Dhabi Exchange recently visited Shanghai, China, to meet with representatives of key Chinese financial authorities and institutions.




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Tax-News.com: UK To Close Property Developer Offshore Tax Loophole

The United Kingdom has legislated to stop property developers from using offshore structures in the Crown Dependencies to avoid UK tax on profits.




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Tax-News.com: Swiss Council Adopts Dispatch On 8 TIEAs

The Swiss Federal Council has adopted a dispatch on the introduction of the automatic exchange of financial account information with eight jurisdictions.




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Tax-News.com: Jersey, Cyprus Agree New Double Taxation Agreement

Jersey has signed a double taxation agreement with the Republic of Cyprus. This is the island's twelfth agreement that meets the international standard for such agreements.




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Tax-News.com: Jersey Financial Services Sector Steady Over Past Year

Recently released statistics by Jersey's Government show a steady or improving picture for the financial services sector in 2015.




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Tax-News.com: Switzerland Consults On Implementation Of AEOI Agreements

The Swiss Federal Department of Finance has launched a consultation on the introduction of the automatic exchange of information in tax matters with a series of other countries.




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Tax-News.com: Abu Dhabi Tax-Free Zone To Launch Foundations

Abu Dhabi Global Market, the low-tax international financial center, is seeking feedback on its proposal to allow the formation of "foundations," a trust-like entity widely used in civil law jurisdictions.




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Tax-News.com: UK, Netherlands Biggest 'Conduits' For Offshore Investment

Researchers at the University of Amsterdam have looked at how corporations make use of particular countries and jurisdictions to minimize their tax liabilities.




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Tax-News.com: Turkey Tops New Tax Complexity Index

Turkey is the jurisdiction with the world's most complex tax and accounting requirements, according to a new report by TMF Group.




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Tax-News.com: HMRC Shuts Down 'Liberty' Tax Avoidance Scheme

HM Revenue and Customs, the UK tax authority, has welcomed a ruling in its favor against a contrived tax avoidance scheme involving an entity in Jersey and the Cayman Islands.




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Tax-News.com: Apple Fires Back At Tax Avoidance Accusations

Apple, the world's largest taxpayer, has released a statement seeking to debunk claims in media about its tax payments around the world, following coverage in recent days about it seeking tax mitigation arrangements in Jersey due to international tax changes in Ireland affecting its existing tax arrangements.




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Tax-News.com: OECD Global Forum Discusses Tax Transparency Progress

200 delegates from more than 90 delegations met in Yaoundé, Cameroon, on November 15-17, 2017, for the 10th meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes which now includes 147 countries and jurisdictions.




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Tax-News.com: South Africa, Belgium, Jersey Extend CbC Reporting Deadlines

South Africa, Jersey, and Belgium are among a handful of territories that have recently announced an extension to the due date for country-by-country reports under the new frameworks being introduced under Action 13 of the OECD's base erosion and profit shifting Action Plan.




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Tax-News.com: Netherlands Begins International Tax System Review

The Dutch Government has launched a consultation exercise on plans to review the country's tax treaty policy and to draw up a list of low-tax jurisdictions for the purposes of enforcing incoming controlled foreign company rules.




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Tax-News.com: Switzerland Begins Sharing Tax Data Internationally

Switzerland has made its first exchanges under the new international automatic exchange of information framework, the Common Reporting Standard.




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Tax-News.com: UK Crown Dependencies Introducing Economic Substance Rules

Each of the Crown Dependencies – Jersey, Guernsey, and the Isle of Man – have tabled legislation that will introduce new substance requirements for tax-resident firms engaged in certain industries from January 1, 2019.




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Tax-News.com: Netherlands Announces Tax 'Blacklist'

On December 28, 2018, the Dutch Government published in the Official Gazette a list of 21 low-tax jurisdictions. Companies doing business in these territories will face new anti-avoidance measures, intended to tackle tax base erosion and profit shifting.




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Tax-News.com: Singaporean BEPS Treaty Amendments Become Effective

The Inland Revenue Authority of Singapore has announced that the BEPS multilateral instrument entered into force for several of its double tax treaties on April 1, 2019.




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Tax-News.com: Netherlands Begins Consultation On Tax Blacklist

On October 7, 2019, the Dutch Government announced the launch of a consultation on the 2020 edition of the list of low-tax jurisdictions for the purposes of enforcing existing and forthcoming anti-avoidance legislation intended to tackle base erosion and profit shifting.




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Tax-News.com: Jersey Reassures Taxpayers Over Return Delays

Revenue Jersey has sought to reassure taxpayers over fears that they will be charged the default effective rate of tax from next January.




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Tax-News.com: Netherlands Adds To Tax Blacklist

Barbados and Turkmenistan have been added to the Netherlands' list of low-tax jurisdictions for the purposes of enforcing certain anti-tax avoidance rules, the Dutch Ministry of Finance announced on December 30, 2019.




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Tax-News.com: Czech Government Approves Digital Tax

On November 18, 2019, the Government of the Czech Republic announced that it has agreed on a draft law to introduce a tax on digital services, which will now be submitted to parliament.




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Tax-News.com: Costa Rica Ratifies Updated TIEA With US

On November 12, 2019, a law was published in the official gazette of Costa Rica which ratifies the updated Tax Information Exchange Agreement with the United States.




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Tax-News.com: HMRC Releases Final Guidance On Loan Charge Review

The UK tax agency HM Revenue and Customs has released guidance for taxpayers affected by the Loan Charge.




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Tax-News.com: Austria, Ireland Have Failed To Adopt ATAD BEPS Measures

The European Commission has requested that both Austria and Ireland take action to transpose EU-wide interest limitation rules into their respective national laws.




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Tax-News.com: IRS Issues Final Foreign Tax Credit Regulations

On December 2, 2019, the United States Internal Revenue Service issued final regulations on the foreign tax credit following major changes to the US tax code.