Tax-News.com: International Tax News

Tax-News.com: International Tax News

Global tax news, continuously updated through the day.
  1. The European Union has released its Winter 2021 Economic Forecast, which says that Brexit will dent UK economic growth considerably, and more than for the European Union, despite the new free trade deal between the two parties.
  2. The Irish headline rate of VAT will return to 23 percent from March, having been temporarily reduced in response to the COVID-19 pandemic.
  3. A webinar is to be held on February 17, 2021, on the Platform for Collaboration on Tax's toolkit on Transfer Pricing Documentation.
  4. Belgium's Federal Public Service Finance has announced that businesses may now submit returns through the Belcotax-on-web portal.
  5. On February 8, 2021, the European Commission launched a consultation on a review of the VAT rules for financial and insurance services.
  6. Lawmakers sitting on an EU parliament climate committee have called for the introduction of a carbon border adjustment mechanism.
  7. A group of experts assessing the Swiss tax regime has drawn up an action plan on improving Switzerland's international tax competitiveness.
  8. The Jersey Government has announced that islanders can now file their 2020 tax return and has issued advice to Prior Year Basis (PYB) taxpayers that have been moved to the Current Year Basis (CYB) for paying income tax.
  9. Belgium has agreed with the Netherlands, France, Luxembourg, and Germany to extend until March 31, 2021, tax administrative concessions for cross-border workers affected by COVID-19 restrictions.
  10. The Netherlands is to introduce a new tax on international flights starting on January 1, 2021.