US and Switzerland sign competent authority arrangement on implementation of arbitration
On 28 July 2020, U.S. and Switzerland signed an agreement for the implementation of the arbitration process provided for in Article 25 (Mutual Agreement Procedure) of the 1996 income tax treaty between the two countries as amended by the 2009
See MoreSlovenia extends individual tax return deadline for 2019
On 31 July 2020, Slovenia has extended the individual income tax returns deadline from 15 July 2020 to 31 August 2020. The extension has been announced due to the ongoing COVID-19
See MoreDAC6 Updates: Optional deferral of DAC6 reporting deadlines
On 24 June 2020, the European Council reached agreement on an optional 6-month postponement to the reporting deadlines for relevant taxpayers under EU Directive 2018/822 (DAC6), and a delay to the exchange of information under
See MoreFrance: Parliament approves the postponement of DAC6 reporting deadlines
Due to coronavirus outbreak, the European Commission has recently agreed to delay the entry into force of certain European Union (EU) taxation measures. Among these is the delay of Council Directive 2018/822, commonly known as the Directive on
See MoreCyprus postpones reporting cross-border arrangements (DAC6)
On 27 July 2020, the tax authority of Cyprus issued a notice declaring an initial deferral of DAC6 reporting on cross-border arrangements. The submission of DAC6 information in Cyprus is extended as information on reportable arrangements
See MoreGreece: Government publishes a draft legislation to extend the DAC6 reporting deadline
Due to coronavirus outbreak, the European Commission has recently agreed to delay the entry into force of certain European Union (EU) taxation measures. Among these is the delay of Council Directive 2018/822, commonly known as the Directive on
See MoreLuxembourg: Parliament approves Bill on deferral of DAC 6
On 22 July 2020, the Luxembourg Parliament approved Bill No. 7625 for filing and exchanging information on reportable cross-border arrangements under Directive 2018/822/EU (DAC 6) amid COVID-19 pandemic. The Bill includes the following information
See MoreRomania postpones reporting cross-border arrangements (DAC6)
On 1 July 2020, Romania has published Ordinance No. 107 in the Official Gazette regarding deferral of reporting on EU cross-border arrangements (DAC6) due to Covid-19 pandemic. Previously, the Ordinance clarifies that the deadline for
See MoreCOVID 19: Poland further postpones withholding tax rules to 31 December 2020
On 24 June 2020, the Polish Ministry of Finance released a decree that further postponed the effective date of withholding tax rules for corporate income tax purposes. The new effective date is 31 December 2020. The withholding tax was originally
See MoreBelgium: Further proposal for digital services tax (DST)
The digital services tax (DST) was at first proposed in January 2019, but it was on hold due to the general elections. Again the proposal was reintroduced in July 2019, but was not discussed in the national parliament. An updated version of the
See MoreCyprus amends treatment of intangible assets
On 17 July 2020, the House of Representatives of Cyprus approved a bill amending Section 9(1)(l) of the Income Tax Law (ITL) which introduced a number of changes with respect to the tax treatment of intangible assets. As per section 9(1)(l)
See MoreAustria: Finance Ministry publishes a draft guide regarding the deferment of DAC6 reporting
On 20 July 2020, the Finance Ministry opened a public consultation on a draft guidance regarding the reporting requirement of cross border arrangements (DAC6). This guide covers the definition of terms, reportable arrangements, hallmarks and main
See MoreSpain proposes postponement of reporting cross-border arrangements
The Spanish Government has proposed delayed reporting deadlines under the EU Directive 2018/822 related to mandatory disclosure and exchange of cross-border tax arrangements (DAC6). The proposal follows the adoption on 24 June 2020 by the EU
See MoreMalta extends individual tax return filing deadline amid COVID-19
On 15 July 2020, Malta’s Commissioner for Revenue has notified that the deadlines for individual tax return filing have been extended in response to the COVID-19 pandemic. Individuals who are required to file a Tax Return, which is usually
See MoreFinland publishes guidance on hybrid mismatch rules
On 3 July 2020, the tax authorities have published guidance no. VH/2738/00.01.00/2020 concerning the legislation on cross-border hybrid mismatches, transposing the hybrid mismatch rules, the EU Anti-Tax Avoidance Directive (ATAD) 2016/1164 and
See MoreCroatia: Tax authority extends the DAC6 reporting timelines by six months
Due to coronavirus outbreak, the European Commission has recently agreed to delay the entry into force of certain European Union (EU) taxation measures. Among these is the delay of Council Directive 2018/822, commonly known as the Directive on
See MoreBelgium updates TP documentation guidance
On 30 June 2020, the tax authorities of Belgium published Circular Letter 2020/C/88 with updated Frequently Asked Questions (FAQs) concerning transfer pricing (TP) documentation requirements i.e. the local file (LF) and master file (MF) forms, the
See MoreBulgaria: National Revenue Agency extends deadlines for DAC6 reporting amid COVID-19
Due to coronavirus outbreak, the European Commission has recently agreed to delay the entry into force of certain European Union (EU) taxation measures. Among these is the delay of Council Directive 2018/822, commonly known as the Directive on
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