Category: Tax Reform

On the 20th of July, the Singaporean government released a draft bill to adapt to the current waddling economy caused by the COVID-19. ... - Continue reading

EU / Tax Laws / Tax Reform / VAT

EU Commission tax package includes review of tax law approval process, VAT reform

Published by: MNE Tax - July 20, 2020

... - Continue reading

Anti money laundering / Banking / Banking Secrecy / Philippines / Tax Authority / Tax Reform

Amending the Bank Secrecy Act as a key to financial integrity

Published by: The Manila Times - July 16, 2020

... - Continue reading

Double Tax Treaty / Jersey / Tax Reform / Tax treaties / UAE

Investment treaty to develop ties with UAE

Published by: Jersey Evening Post - July 14, 2020

Jersey and the United Arab Emirates extend hands of cooperation with each other. ... - Continue reading

Caribbean / Covid-19 / Legislation / Tax Reform / Tax Relief / UN

Fiscal policy key to overcoming pandemic’s impact on LatAm: UN agency

Posted On: July 7, 2020

The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) has stated that Latin American SANTIAGO, July 6 (Xinhua) — Latin American countries must turn to effective fiscal policy to cushion the social and economic impact of the COVID-19 pandemic and reactivate local economies, the United Nations Economic… – Continue reading

Business / Corporate Tax / Digital Services / OECD / Tax Reform

Digital Tax Deadlock: Where Do We Go from Here?

Published by: Tax Foundation - July 1, 2020

... - Continue reading

Tax Collection / Tax Evasion / Tax Laws / Tax Reform / Vietnam

Vietnam’s Tax Administration Law Takes Effect in July 2020

Published by: Vietnam Briefing - June 30, 2020

As from the 1st July 2020, Vietnam's tax reform measures will be implemented. ... - Continue reading

Africa / Anti money laundering / Base Erosion & Profit Shifting / Corruption / Offshore / Tax Authority / Tax Evasion / Tax Laws / Tax Reform / Tax Transparency

African Countries Making Headway In Tackling Tax Evasion

Published by: EABW News - June 27, 2020

According to Tax Transparency in Africa 2020 report, Africa needs to better combat illicit financial flows and be more lucid in tax matters. ... - Continue reading

EU / Europe / Legislation / Tax Reform / Tax Transparency

EU Parliament creates permanent tax subcommittee

Published by: MNE Tax - June 22, 2020

Tax justice taken a notch higher by the European Union. ... - Continue reading

Anti-Tax Avoidance Package / Base Erosion & Profit Shifting / Business / Controlled Foreign Companies / Cyprus / Gaar / Hybrids / Jurisdiction / Legislation / Offshore / Tax Avoidance / Tax Laws / Tax Planning / Tax Reform

Higher tax bill for Cyprus businesses after new law

Published by: Cyprus Mail - June 17, 2020

Cyprus is aiming to better tackle tax avoidance by companies through a new legislation. The latter mainly addresses base erosion and profit shifting. ... - Continue reading

Australia / Foreign Direct Investment (FDI) / Legislation / Tax Laws / Tax Reform

Australia tightens rules on foreign investment

Published by: International Tax Review - June 17, 2020

Australia becomes more stringent regarding foreign investments. ... - Continue reading

Anti money laundering / Covid-19 / Legislation / Tax Reform

Another COVID-19 Enforcement Tool: Money Laundering Law

Published by: Lexology - June 16, 2020

This article discusses about the role of anti money laundering during the 2020 pandemic. ... - Continue reading

Covid-19 / Germany / Legislation / Tax Laws / Tax Reform / Tax Transparency

German cabinet passes stimulus tax measures

Published by: MNE Tax - June 12, 2020

After the 2020 crisis, Germany has taken a few steps to fuel its economy. ... - Continue reading

Business / Corporate Tax / Covid-19 / Germany / Legislation / Tax Reform / VAT

Germany proposes substantial VAT rate reduction, tax loss carryback expansion

Published by: MNE Tax - June 10, 2020

Proposals of expansion of tax loss carrybacks in 2020 from EUR 1 million to EUR 5 million. ... - Continue reading

Belgium / Covid-19 / Tax Reform

Belgium to introduce tax loss carryback, recovery reserve in response to pandemic

Published by: MNE Tax - June 9, 2020

Belgium comes up with more measures to counteract COVID-19 pandemic. ... - Continue reading

Covid-19 / Multinational Enterprises ("MNEs") / Tax Reform / Tax Relief / Transfer pricing

India: Transfer Pricing And COVID-19 — Repercussions, Re-Evaluation And Way Forward

Published by: Mondaq - June 3, 2020

Here is a discussion on multinational enterprises (MNEs) and their possible treatment of the aftermath of the COVID-19 pandemic. ... - Continue reading

Avoidance Convention / Cambodia / Double Taxation / Malaysia / South Korea / Tax Reform

Double-tax draft law with Malaysia and South Korea shows progress

Published by: Khmer Times - May 17, 2020

This article discusses the benefits of Cambodia's double taxation agreements with Malaysia and South Korea. ... - Continue reading

Capital Gains Tax / Government Bodies / Pakistan / Tax Reform

PSX urges govt to eliminate or reduce CGT for two years

Published by: Pakistan Today - May 4, 2020

The Pakistan Stock Exchange (PSX) has a few proposals to the government in an effort towards reform. ... - Continue reading

Colombia / OECD / Tax Reform / Tax treaties

Colombia Becomes 37th Member Of OECD

Published by: Urdu Point - April 29, 2020

Colombia is now officially a member of the OECD. ... - Continue reading

Base Erosion & Profit Shifting / Cyprus / Legislation / OECD / Tax Reform / Tax treaties

Cyprus: Ratification Of Multilateral Instrument

Published by: Mondaq - April 24, 2020

The BEPS MLI has been ratified in Cyprus as from 2020. Here's more to it. ... - Continue reading

Business / Covid-19 / Digital Services / Double Taxation / OECD / Tax Laws / Tax Reform

Tax Policy After Coronavirus: Clearing a Path to Economic Recovery

Published by: Tax Foundation - April 22, 2020

COVID-19 has forced the whole economic world to halt and alter its processes in order to be able to keep functioning as much as is possible. Here are some further proposed adjustments in the wake of the COVID-19. ... - Continue reading

Covid-19 / Legislation / Multinational Enterprises ("MNEs") / OECD / Tax Laws / Tax Reform / Transfer pricing

COVID-19 and the future of Pillar one

Published by: MNE Tax - April 22, 2020

2020 started with a focus on reformed tax laws concerning transfer pricing and the implementation of Pillar one from the OECD. This article delves further into the matter to bring more clarifications. ... - Continue reading

Covid-19 / Digital Services / G20 / Tax Reform

G20 finance ministers agree to continue work on taxation of digital economy

Posted On: April 17, 2020

Over a virtual meeting due to the lockdown, G20 finance ministers have decided to keep on with their digital tax reform plan despite the COVID-19 pandemic.

Covid-19 / OECD / Tax Reform / Tax Relief

OECD lists tax policy measures enacted by 90 countries in response to COVID-19 pandemic

Published by: MNE Tax - April 8, 2020

The COVID-19 pandemic has caused countries to review and adjust their tax laws in order to better cope with the changes. Many of those measures can be found in the spreadsheet that the OECD has published. ... - Continue reading

Double Tax Avoidance Treaty / Indonesia / Singapore / Tax Reform