Press Room: Tax Releases
September 4, 2018
From Egypt: New Law Issued of Late Payment Interest & Additional Tax Reductions In Case of Early Payment of Original Tax or Customs
A new law has been issued to provide a reduction on the interest applicable for late payments, on the condition that the full original tax due, or was eligible for payment before the issuance of this law, is settled in full.
August 31, 2018
From the United Kingdom: Harsher Penalties for Non-Compliance with Goods and Services Tax (GST) Requirements When Importing Services and Digital Products into Australia
From July 1, 2018, low value goods costing AUD 1,000 or less supplied to Australian consumers by retailers located in the UK and all other overseas jurisdictions will be subject to Australian Goods and Services Tax (GST). This change is designed to restore a level playing field for Australian retailers and represents a significant overhaul of the current situation for non-resident businesses.
August 30, 2018
From Luxembourg: Luxembourg Implemented a VAT Group Scheme
As a reaction to the recent Court of Justice of the European Union judgments limiting significantly the scope of the VAT exemption for supplies of services to the members of an independent group of persons, Luxembourg has introduced a VAT group scheme by amending law of August 6, 2018 into its VAT legislation. The VAT group regime entered into force on July 31, 2018.
August 24, 2018
From India: Declaration of Significant Beneficial Owner - New Regulations
In an attempt to address the global issue of money laundering, bribery and corruption, insider dealings, tax fraud, terrorist financing and other illegal activities, the Ministry of Corporate Affairs (MCA), based on the recommendation of the Financial Action Task Force, an intergovernmental organization, has notified the provisions of Disclosure of Significant Beneficial Ownership of Companies.
August 9, 2018
From Nigeria: Cryptocurrency and Taxes: Bridging the Digital Gap
In recent times, cryptocurrency has garnered much global attention. While it offers massive wealth creation opportunities, it also provides taxpayers with a platform for new tax planning opportunities. Since its introduction in 2009, it has become widely used across various jurisdictions.
August 2, 2018
From Germany: Andersen Tax & Legal in Germany Market Update
Andersen Tax & Legal in Germany provides an update and useful information about recent developments and trends regarding tax and legal issues affecting foreign companies investing and operating in Germany.
April 13, 2018
Inheritance and Donation Tax: Spanish Supreme Court Also Recognizes National Tax Benefits to Non-EU Tax Residents
The Spanish Supreme's Court Resolution marks a turning point in cross-border inheritance and donations in Spain.
December 22, 2017
President Trump Signs Landmark Tax Legislation
On December 22, 2017, President Donald Trump signed the Republican tax bill to officially enact the legislation into law.
December 20, 2017
Republicans Approve Tax Reform Bill; President to Sign First Major Tax Overhaul in Decades
Republican lawmakers are poised to fulfill their promise of final tax reform legislation and score their first major legislative victory of President Trump’s administration.
December 2, 2017
Senate Approves Tax Bill in Race to Enact Tax Reform by Year End
Senate Republicans voted early Saturday morning to approve the Senate’s version of the Tax Cuts and Jobs Act with a vote of 51-49 on a party line vote. Bob Corker was the only Republican Senator to vote no.
November 29, 2017
Repayment of Social Contributions Paid by Non-Residents: A New Window Open
Recently, a French first-degree administrative court reopened the debate on the imposition of social contributions to non-resident individuals with French source property income or gains (Administrative Tribunal of Strasbourg; July 11, 2017).