Tax-News.com: Business News

Tax-News.com: Business News

Global tax news, continuously updated through the day.
  1. Singapore announced the extension of a number of support measures for businesses in its 2021 Budget, released on February 16, 2021.
  2. A webinar is to be held on February 17, 2021, on the Platform for Collaboration on Tax's toolkit on Transfer Pricing Documentation.
  3. Belgium's Federal Public Service Finance has announced that businesses may now submit returns through the Belcotax-on-web portal.
  4. Malta has published The Value Added Tax Act (Amendment of Sixth Schedule) (Amendment No. 2) Regulations, 2020, which makes changes to the thresholds for VAT registration as a small undertaking.
  5. The Dutch Senate has approved the 2021 Tax Plan package, which introduces a lower rate of corporate tax for small- and medium-sized businesses.
  6. Norway intends to provide value-added tax administrative relief measures to UK businesses in response to Brexit.
  7. The UK Government is inviting input on the tax challenges associated with the rise of the sharing economy.
  8. The Bermuda Monetary Authority on December 15, 2020, released a new consultation paper on its proposal for a conduct of business regulatory regime to better protect retail investors.
  9. European Court of Justice (ECJ) Advocate General Juliane Kokott has opined that the Commission was right to consider that the Belgian practice of making downward adjustments to profits of undertakings forming part of multinational groups, under the "excess profit" ruling scheme, constituted an aid scheme.
  10. On December 4, 2020, the European Commission said that Italy must abolish its corporate tax exemptions for ports in order to align its tax regime with EU state aid rules.