Portugal legislates the Budget Law for 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 MoreUK: Date of Spring Statement Announced
The Spring Statement is to be announced on 13 March 2019. The Spring Statement is a response by the UK government to the economic forecast by the Office for Budget Responsibility and gives the government a chance to comment on the direction of the
See MoreIndia: Finance Minister presents Budget for 2019-20
On 1 February 2019, Finance minister Piyush Goyal presented the much awaited Union Budget in Lok Sabha. Goyal was appointed interim finance minister on January 23 with Arun Jaitley undergoing treatment in the United States. Some of the main measures
See MoreIreland: President Signs Finance Act 2018
Ireland has published the Finance Act 2018 (Act 30 of 2018), which was approved by parliament and signed into law by the president on 19 December 2018. The Act mainly provides for the implementation of measures announced as part of the 2019 Budget.
See MoreNetherlands gazettes Budget for 2019
The Netherlands’s Budget for 2019 was published in the Official Gazette of 28 December 2018. On 18 September 2018, the Minister of Finance of Netherlands presented the 2019 Budget proposals to the House of Representatives and it was adopted on 15
See MoreMalaysia: Corporate tax proposals under budget 2019
On 2 November 2018, the Malaysian Finance Minister presented his budget proposals for 2019. Summary of the main corporate tax proposals: Introduction of a Special Voluntary Disclosure Program for taxpayers to voluntarily declare any unreported
See MoreUK: Call for evidence on amendments to tax returns
On 7 November 2018 the UK government issued a call for evidence on the amendment of tax returns. The closing date for receipt of comments is 6 February 2019. An amendment is any change made by a taxpayer to a tax return that has already been
See MoreUK: Consultation on the Corporate Capital Loss Restriction
On 29 October 2018 the government published a consultation document in relation to a restriction on the offset of corporate capital losses. The government is inviting comments from companies likely to be affected by the capital loss restriction and
See MoreUK: Consultation on Consideration Rules for Stamp Taxes on Shares
On 7 November 2018 the UK government published a consultation paper entitled Stamp Taxes on Shares: Consideration Rules requesting comments from interested parties on changes to the Stamp Duty and Stamp Duty Reserve Tax (SDRT) consideration rules.
See MoreUK: Finance (No 3) Bill 2018 published
The Finance (No 3) Bill 2018 was published on 7 November 2018. The second reading of the Bill in Parliament took place on 12 November 2018. When it has completed its passage through Parliament the Bill will become the Finance Act 2019 . The Bill
See MoreUK: Summary of responses on consultation on public sector licensing
On 7 November 2018 the UK government published a summary of responses to the consultation entitled Tackling the hidden economy: public sector licensing, launched in December 2017. Consultation document The original consultation document examined
See MoreUK: Responses to consultation on ensuring tax compliance by users of online platforms
On 7 November 2018 the UK government published a summary of responses to a consultation on the role of online platforms in ensuring tax compliance by their users. The government received 41 written responses with comments from online platforms,
See MoreUK: Summary of responses to consultation on tax abuse and insolvency
On 7 November 2018 the UK government published a summary of responses to the consultation on tax abuse and insolvency held earlier in 2018. In April 2018 the government issued a consultation document exploring ways to combat the deliberate abuse of
See MoreUK: Summary of responses to consultation on corporate intangibles regime
On 7 November 2018 the UK government published a summary of responses to the consultation on reforms to the corporate intangibles regime. The corporate intangibles regime was introduced in 2002 and provided companies with relief for the cost of
See MoreUK: Budget Proposals for 2018
The UK budget proposals for 2019/20 were announced on 29 October 2018. Proposed measures include the following: Digital services tax The digital services tax will apply to large tech companies with global revenues of more than GBP 500 million per
See MoreUK: Digital services tax to be introduced
The UK Budget announcements on 29 October 2018 included a proposed new tax on large digital services companies such as search engines, social media platforms and online marketplaces. The tax would take effect from 1 April 2020. The digital services
See MoreNorway: Finance Minister presents National Budget 2019
The Minister of Finance, Siv Jensen, presented the draft National Budget 2019 on October 8, 2018 to the Parliament. The presentation of the budget will be followed by a cycle of parliamentary hearings and debates on the budget, which will last until
See MoreZambia: Finance Minister presents National Budget 2019
On 28 September 2018, Zambia’s Minister of Finance, Hon. Margaret Mwanakatwe presented the 2019 National Budget to Parliament. The time period for making transfer pricing assessment may be raised for a period exceeding 6 years but not exceeding 10
See More