ATAF meets to discuss revenue mobilization
On 19 to 22 November 2019 the African Tax Administration Forum (ATAF) held its the fourth International Conference on Tax in Africa. The theme of the conference was "Innovation -- Digitalization and Harnessing Technology to Improve Tax
See MoreUkraine: Parliament adopts law on state budget for 2020
On 14 November 2019, the Ukrainian Parliament has adopted Draft Law on the State Budget of Ukraine for 2020. There is no increase in the general rate of corporate or individual tax. Expenditures are estimated at UAH 1.18 trillion, including general
See MoreBulgaria: Parliament approves the Budget for 2020
On 5 December 2019, Bulgaria's parliament has approved the 2020 budget Act for 2020. The budget envisages increased spending for pensions, salaries for teachers, and public sector salaries, as well as more funds for healthcare. The 2020 budget
See MoreCroatia: Parliament approves tax reforms
On 29 November 2019, the Croatian Parliament approved the Tax Reform. On 23 November 2019, the fourth tax reform round sent to Parliament for second reading. It will come into force from 1st January 2020. As for income tax, the non-taxable
See MoreEcuador presents new tax reform Bill
On 21 November 2019, the Ecuadorian National Assembly presented a new draft of the Tax Reform Bill on "Tax Simplicity and Progressiveness" following the rejection of the previous draft law on economic growth reform submitted to Congress on 18
See MoreFrance: National Assembly adopts first reading of Finance Bill for 2020
On 19 November 2019, the National Assembly adopted the first reading of the PLF (Finance Bill) for the year 2020. The Minister of Economy and Finance and the Minister of Action and Public Accounts presented the draft budget law for 2020 on 27
See MoreGreece: Government sent tax reform bill to the Parliament
On 26 November 2019, the government submitted its second tax bill to Parliament, paving the way for income, corporate and dividends tax to be reduced, giving new democracy some relief from a public sector hirings controversy. On 12 September 2019,
See MoreTurkey: Parliament passes laws on tax regulation
On 21 November 2019, the Turkish Parliament approved laws on tax regulation which includes new taxes, namely digital services tax (DST), valuable house tax and accommodation tax. The law increases tax rate from 30% to 40% for people earning
See MoreNigeria: Senate passes third reading of Finance bill 2019
On 21 November 2019, the Senate passed the Finance Bill 2019, which seeks an amendment of Nigeria’s tax laws and make them more responsive to the tax policies of the Federal Government, among other things. The President stated that the amendment
See MoreNigeria: Finance Bill 2019 passes second reading in parliament
On 6 November 2019, the Finance Bill 2019 passed its second reading at the Senate. Main proposed amendments are given below: A lower (i.e. 20%) corporate income tax rate (CIT) applies for companies with turnover between NGN25-million and
See MoreOECD: Revenue Statistics in Africa 2019
On 19 November 2019 the OECD published Revenue Statistics in Africa 2019 which is a joint initiative between the OECD, the African Tax Administration Forum (ATAF) and the African Union Commission (AUC), with the help of technical and financial
See MoreGhana: Finance Minister presents 2020 Budget
On 13 November 2019, Finance Minister, Mr. Ken Ofori-Atta, has presented the New Patriotic Party (NPP) government’s fourth Budget Statement and Economic Policy to Parliament which he said is focused on providing liquidity to boost
See MoreGermany: Federal Parliament approves Annual Tax Act 2019
On 7 November 2019, the German Federal Parliament passed the Annual Tax Act 2019. The German Federal Council is expected to approve the Annual Tax Act on 28 November 2019. The changes shall generally come into effect as of 1 January
See MoreBulgaria: Council of Ministers approves the Budget for 2020
On 31 October 2019, the Council of Ministers approved the draft budget for 2020 and submitted it to the National Assembly for final approval. The draft budget includes the following measures: Procedures to improve the business environment and
See MoreSlovenia publishes amendments to the CITA in the Official Gazette
On 5 November 2019, the Slovenian government published the amendments to the Corporate Income Tax Act (CITA) in the Official Gazette.
See MoreColombia: MinHacienda issues decree on taxation of investment funds and PEs
On October 29, the Colombian Ministry of Finance and Public Credit (MinHacienda) has issued Decree 1973, which clarified measures regarding the taxation of private equity funds and collective investment funds and rules on the attribution of income
See MoreDominican Republic: Executive Branch submits 2020 draft budget bill to the National Congress
On 1st October 2019, the Executive Branch sent 2020 draft budget bill to the National Congress the 2020 draft budget bill for its knowledge, discussion and approval. The bill proposes measures to extend the rules on interest deduction and
See MoreLuxembourg: Finance Minister presents draft budget law for 2020
On 14 October 2019, Pierre Gramegna, Luxembourg's Finance Minister, presented draft budget law 2020 to the Parliament. According to this law, advance tax rulings issued before 1 January 2015 will be automatically invalid as from the end of the
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