Zambia publishes Budget for 2019

23 March, 2019

On 1 January 2019, The Zambian government published budget for 2019 to the National Assembly.  Key modifications of tax rules are summarized as follows: Limit the deductibility of interest on debts owed by a taxpayer to 30 % of the

See More

Russia: Parliament proposes to reduce the corporate property tax rate

21 March, 2019

On 6 March 2019, a draft bill was presented to the State Duma (Lower House of Parliament) proposing to lower the maximum amount of the property tax rate to be taxed at the cadastral value. According to the bill, the corporation tax rate for real

See More

OECD: Morocco joins the inclusive framework on BEPS

12 March, 2019

On 9 March 2019 the OECD announced that Morocco has joined the Inclusive Framework on base erosion and profit shifting (BEPS). This means that a total of 129 countries and jurisdictions are taking part in the Inclusive Framework. The countries

See More

OECD: Consultation on Addressing Tax Challenges of the Digital Economy

10 March, 2019

On 13 and 14 March 2019 the OECD is to hold a public consultation on the tax challenges of the digitalisation of the economy. This is related to the work on action 1 of the G20/ OECD action plan on base erosion and profit shifting. The consultation

See More

South Africa introduces Budget 2019 in parliament

24 February, 2019

On 20 February 2019, Tito Mboweni (South Africa’s Minister of Finance) presented the Budget 2019 in the parliament. The budget proposal would not increase taxes in any category but proposed to increase tax collection by not adjusting for inflation

See More

OECD: Taxpayer input required for eighth batch of dispute resolution peer reviews

20 February, 2019

The OECD announced on19 February 2019 that it is currently collecting taxpayer input in preparation for the eight batch of stage 1 peer reviews in relation to improving the tax treaty dispute resolution process under Action 14 of the project on base

See More

OECD: Comment period extended on tax challenges of digitalisation

19 February, 2019

On 19 February 2019 the OECD announced that the consultation period in relation to the public consultation document on possible solutions to the tax challenges of digitalisation has been extended to 6 March 2019. The public consultation meeting on

See More

UK: Support for Tax Capacity Building

19 February, 2019

On 19 February 2019 the UK’s Department for International Development (DFID) announced new assistance to give support to developing countries in generating greater tax revenue, tackling tax avoidance and creating a level playing field for

See More

OECD: Consultation document on tax challenges to the digital economy

14 February, 2019

On 13 February 2019 the OECD’s Inclusive Framework published a consultation document on issues relating to the tax challenges of digitalisation of the economy. This follows the publication on 29 January 2019 of a Policy Note and the agreement of

See More

Portugal legislates the Budget Law for 2019

13 February, 2019

On December 31, 2018, Portugal published 2019 budget law (No.71/2018) in the official gazette and generally applies as from 1 January 2019. The budget law includes changes to income tax law and other taxes. The budget law include the following

See More

OECD: Tax Talk Summarises Latest Tax Developments

05 February, 2019

An OECD Tax Talk held on 29 January 2019 summarised the latest tax developments. Tax and Digitalisation A Policy Note agreed by the Inclusive Framework was issued in January 2019. A public consultation document is to be released in February 2019

See More

OECD announces progress made in addressing harmful tax practices

30 January, 2019

On 29 January 2019 the OECD released a publication entitled “Harmful Tax Practices – 2018 Progress Report on Preferential Regimes”. This contains results to show that jurisdictions are pursuing their commitment to the standard on harmful tax

See More

OECD: Inclusive Framework issues policy note on digital economy

30 January, 2019

The Inclusive Framework on base erosion and profit shifting (BEPS) has issued a new Policy Note under action 1 of the action plan on base erosion and profit shifting (BEPS) entitled Addressing the Tax Challenges of the Digitalisation of the Economy.

See More

European Commission to launch proceedings against UK over VAT treatment of commodity traders

25 January, 2019

It is reported that the European Commission is planning to take a case to the European Court of Justice (ECJ) in relation to the value added tax (VAT) treatment of commodity traders in the UK. The European Commission argues that although the UK may

See More

EU: Report by European Commission on investor residence schemes

23 January, 2019

On 23 January 2019 the European Commission issued a report on citizenship by investment and citizenship by residence schemes operated by a number of EU Member States. The report looks at current practices and identifies some of the risks from such

See More

Singapore deposits ratification instrument for MLI

14 January, 2019

On 21 December 2018, Singapore deposited its instrument of ratification of the Multilateral Agreement for the Implementation of Measures relating to the Prevention of Erosion and Profit Shifting (MLI). As of 21 December 2018, a total of 18 countries

See More

European Commission opens in-depth investigation into Netherlands tax rulings

11 January, 2019

On 10 January 2019 the European Commission announced that it has opened an in-depth investigation into tax rulings granted by the Netherlands to companies in the Nike group. The rulings may have given the companies an unfair competitive advantage

See More

OECD to launch Corporate Tax Statistics

11 January, 2019

The OECD announced on 11 January 2019 that a new report and dataset entitled Corporate Tax Statistics is to be published containing internationally comparable statistics and analysis relevant to the debate on tax policy. These statistics that will

See More