Tax-News.com: Business News

Tax-News.com: Business News

Global tax news, continuously updated through the day.
  1. The French General Directorate of Public Finance has announced that companies and self-employed taxpayers will be able to postpone without penalty upcoming tax payments due to the public health emergency.
  2. The Dutch Government will allow taxpayers to defer payments of certain taxes under a new package of coronavirus economic relief measures.
  3. 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.
  4. On March 13, 2020, the German Ministry of Finance announced the relaxation of certain tax payment requirements as part of a package of measures designed to ease the economic impact of the COVID-19 virus.
  5. The UK's 2020 Budget, released on March 11, 2020, includes proposals to waive business rates on small retailers, to introduce a new tax on plastics, and to remove value-added tax on electronic publications.
  6. On March 9, 2020, United States President Donald Trump revealed that the Administration would begin discussions with Congress on potential tax measures to ease the impact of the coronavirus outbreak, including a payroll tax cut.
  7. The OECD's public consultation on a review into the new transfer pricing documentation rules proposed as part of BEPS Action 13 has closed. It has published the 79 responses received.
  8. The Vietnamese Government has announced its intention to provide fiscal support to businesses impacted by the COVID-19 coronavirus outbreak.
  9. New Zealand's Inland Revenue Department has announced the launch of a consultation on potential reforms to improve the goods and services tax regime.
  10. South Korea has announced a package of tax measures to buoy the economy amid the spread of COVID-19, with KRW7 trillion (USD5.9bn) of the KRW20 trillion stimulus package containing tax measures.