© 2023 Bloomberg Industry Group, Inc.

https://news.bloombergtax.com/daily-tax-report-international/slovenia-parliament-considers-bill-to-ratify-second-protocol-to-1996-dta-with-switzerland

#bloombergtax

The Croatian Official Gazette March 8 published Regulation No. 448, implementing the EU Council Directive on the mandatory automatic exchange of financial account information (AEOI) for digital platform operators (DAC7). The regulation includes measures: 1) defining key terms, including platform, platform operator, relevant activity, reportable seller, and excluded seller; 2) specifying the required information to be submitted for in-depth analysis, which platform operators must collect, verify, and report by Jan.

https://news.bloombergtax.com/daily-tax-report-international/croatia-gazettes-regulation-incorporating-dac7-eu-directive-on-aeoi-for-digital-platform-operators

#bloombergtax

The Singaporean Inland Revenue Authority April 6 updated an e-tax guide to clarify the applicability of zero-rated GST to travel arranging services, as of Jan. 1. The updated guide explains that: 1) services provided on or after Jan. 1, for arranging or facilitating the booking of accommodations, are excluded from the application of zero-rated GST; and 2) the GST treatment for travel arranging services depends on the tax residency of the customer and direct beneficiary of the services. [Singapore, Inland Revenue Authority of Singapore, 04/06/23] Reference: View Updated e-Tax Guide .

https://news.bloombergtax.com/daily-tax-report-international/singapore-tax-agency-updates-e-tax-guide-to-clarify-zero-rated-gst-for-travel-arranging-services

#bloombergtax

Sept. 12, 2022, 5:00 AMThe Omani Secretariat General for Taxation Aug. 24 issued a VAT guide for transactions conducted in e-commerce. Topics covered include: 1) relevant definitions; 2) what is considered e-commerce; 3) the mandatory VAT registration threshold; 4) the VAT registration requirement for nonresident suppliers engaging in e-commerce activities who are obligated to collect VAT for their supplies to Oman; 5) rules for applying VAT to supplies of goods and services within the e-commerce sector; 6) services supplied electronically by agents; 7) input tax deductions and input tax incurred by agents; 8) the place of actual use or benefit as the place of .

https://news.bloombergtax.com/daily-tax-report-international/oman-tax-agency-issues-vat-guide-on-e-commerce-1

#bloombergtax

Aug. 31, 2022, 5:00 AMThe Singaporean Inland Revenue Authority Aug. 29 updated 11 GST e-Tax guides on the aerospace industry, approved refiner and consolidator regime (ARCS), the marine industry, the logistics service industry, e-commerce, approved marine customer regime (AMCS), approved import GST suspension regime, approved contract manufacturer and trader regime (ACMT), the biomedical industry, the approved third-party logistics company regime, and the re-import of value-added goods. Topics covered include: 1) the expansion of the overseas vendor registration (OVR) regime to apply to imported non-digital services and low-value goods, starting Jan.

https://news.bloombergtax.com/daily-tax-report-international/singapore-tax-agency-updates-gst-e-tax-guides-for-various-services

#bloombergtax

Sept. 27, 2022, 5:00 AMThe Latvian Parliament (Saeima) Sept. 21 accepted for consideration Bill No. 1630, to reduce the VAT rate to 5 percent on the supply of specific medicines, including prescription, nonprescription, and compensable medicines. The measure would be effective Nov. 1. [Latvia, Parliament, 09/21/22] Reference: View Bill No. 1630. View Index. © 2022 The Bureau of National Affairs, Inc. All Rights Reserved

https://news.bloombergtax.com/daily-tax-report-international/latvia-parliament-considers-bill-to-reduce-vat-rate-on-specific-medicines

#bloombergtax

Nov. 7, 2022, 5:00 AMThe Namibian Parliament Nov. 2 considered a bill to amend the income tax law. The bill includes measures to: 1) include additional reasons under which amounts are deemed to have accrued from a source within Namibia; 2) clarify the deduction of contributions made to company-owned policies; 3) increase the tax deductibility of the retirement fund and education policy contributions; 4) provide for the furnishing or serving of a tax return or notice of assessment in electronic format; 5) amend the rules related to the allocation of tax payments; and 6) provide for thin capitalization rules.

https://news.bloombergtax.com/daily-tax-report-international/namibia-parliament-considers-bill-to-amend-income-tax-law

#bloombergtax

Jan. 9, 2023, 5:00 AMThe Bulgarian Official Gazette Dec. 30, 2022, published Decree No. 312, implementing transitional provisions under the 2022 state budget, which includes amending the personal income and corporate income tax laws and setting a windfall tax for electricity producers. The decree includes measures: 1) clarifying the calculation basis for corporate income tax on expenses exceeding 200 Bulgarian leva (US$107) per month per employee for 2023; 2) setting the per-child deduction amounts for 2023 that reduce the monthly tax base for income from employment relationships; and 3) establishing a windfall tax on electric power producers for the period from Dec.

https://news.bloombergtax.com/daily-tax-report-international/bulgaria-gazettes-law-implementing-budget-provisions-amending-income-tax-windfall-tax

#bloombergtax

The Norwegian Tax Administration June 5 posted online a binding advance statement clarifying the taxation of sales of separate homes. The taxpayer lived in the condominium at issue for more than one of the last two years, but slept at night in the previous two years in a different condominium he owned due to noise and health issues. The second condominium was only furnished with a bed and two chairs, and the taxpayer didn't use it for cooking or bathing. He kept his personal belongings at the first condominium, where he stayed during the day and worked.

https://news.bloombergtax.com/daily-tax-report-international/norway-tax-agency-clarifies-taxation-of-separate-homes-sales

#bloombergtax

Log in to keep reading or access research tools. © 2023 Bloomberg Industry Group, Inc.

https://news.bloombergtax.com/daily-tax-report-international/canada-gazettes-consolidated-text-of-income-tax-regulations-20

#bloombergtax

The Finnish Tax Administration May 10 issued updated guidance on the taxation of travel expense reimbursements. The updated guidance includes: 1) clarification that employees receive no taxable benefit when an employer pays travel costs directly; 2) the tax treatment of expenses for mobile employees, and employees using their own homes as a workplace; 3) tax-free allowances for the reimbursement of travel expenses, including the addition of electric bicycles to the list of qualifying vehicles; 4) clarification of the daily allowance for combined leisure time, work travel, and meal allowance; 5) conditions for the exemption of reimbursements of travel expenses by .

https://news.bloombergtax.com/daily-tax-report-international/finland-tax-agency-updates-guidance-on-taxation-of-travel-expense-reimbursements

#bloombergtax

Log in to keep reading or access research tools. © 2023 Bloomberg Industry Group, Inc.

https://news.bloombergtax.com/daily-tax-report-international/slovakia-mof-posts-updated-list-of-participating-jurisdictions-under-aeoi-crs

#bloombergtax

The Botswana Unified Revenue Service May 10 issued a public notice announcing amendments to the VAT Act, effective May 3. The amendments include: 1) changes to the list of zero-rated items; 2) changes from VAT exemption to zero-rated VAT for specified items; and 3) expansion of the medical services VAT exemption to include medical services provided by private medical facilities. [Botswana, Unified Revenue Service, 05/10/23] Reference: View Index . View Public Notice . Log in to keep reading or access research tools.

https://news.bloombergtax.com/daily-tax-report-international/botswana-tax-agency-issues-public-notice-announcing-amendments-to-vat-act

#bloombergtax

The Italian Revenue Agency May 22 posted Letter No. 330/2023, clarifying the taxation of income paid to an employee of the foreign subsidiary company. The taxpayer is part of a group of companies jointly with the subsidiary foreign company. The subsidiary company appointed a director for the group of companies with a contractual obligation of the taxpayer to pay remuneration to him. The taxpayer inquired about the deductibility of the cost and any amount to be withheld on such fee payment. The tax agency clarified that: 1) the fees paid to the director don't assume relevance for the determination of .

https://news.bloombergtax.com/daily-tax-report-international/italy-tax-agency-clarifies-taxation-of-income-paid-to-employee-of-foreign-subsidiary-company

#bloombergtax

The Kenyan Official Gazette March 21 published Legal Notice No. 29/2023, implementing 2023 VAT regulations for digital, electronic, and internet marketplace supplies. The law includes measures: 1) defining relevant terms and establishing the scope of taxable supplies provided through the digital economy; 2) clarifying that VAT applies to taxable supplies made in Kenya; 3) providing for a simplified tax registration framework, registration procedures, place and time of supply rules, and the amendment of returns; 4) exempting certain suppliers from issuing an electronic tax receipt, and prohibiting them from deducting input tax for supplies made through a digital marketplace; 5) establishing .

https://news.bloombergtax.com/daily-tax-report-international/kenya-gazettes-legal-notice-on-2023-digital-vat-regulations

#bloombergtax

The Macanese Secretary of Economy and Finance June 2 announced tax obligations for June. The announcement includes: 1) the requirement that hotels, dance halls, bars, goods and services directly or indirectly provided by health clubs, steam baths, massage parlors, karaoke, and other places, pay a 5 percent tourism tax for the previous month and file monthly M/7 returns; 2) income declaration requirements for supplementary income tax group A and submission of M/1 returns; 3) payment requirements for housing taxes and stamp duty; and 4) the requirement that individuals and entities selling new motor vehicles file an M/4 declaration and pay .

https://news.bloombergtax.com/daily-tax-report-international/macau-economy-ministry-announces-tax-obligations-for-june-2023

#bloombergtax

The French General Directorate of Public Finance June 26 issued an administrative doctrine on the taxation of individual income under the family quotient regime. The doctrine explains that: 1) a 5.4 percent indexation rate applies to the applicable tax brackets and to the related limits and thresholds; 2) this revaluation applies starting with the tax due in 2023 for tax year 2022 income; and 3) the revaluation is related to the capping of the maximum tax advantage provided by the additional half shares of the family quotient.

https://news.bloombergtax.com/daily-tax-report-international/france-tax-agency-issues-administrative-doctrine-on-individual-income-taxation-under-family-quotient-regime

#bloombergtax

Nov. 7, 2022, 5:00 AMThe Taiwanese Ministry of Finance Nov. 3 clarified the business tax declaration and payment for nonresident e-commerce companies. The clarification includes that: 1) the business tax is to be reported by domestic business operators and government bodies; 2) the nonresident e-commerce companies which sold electronic labor services to domestic natural persons are liable to declare and pay business tax; 3) a domestic buyer is exempted from paying business tax to the overseas e-commerce business, the labor services it purchases, and, the users who exclusively provide taxable goods or services domestically; 4) the tax payable to be calculated according to the .

https://news.bloombergtax.com/daily-tax-report-international/taiwan-mof-clarifies-business-tax-declaration-payment-for-nonresident-e-commerce-companies

#bloombergtax

Jan. 30, 2023, 5:00 AMThe Irish Revenue Commissioners Jan. 25 issued Revenue eBrief No. 018/23 and updated guidance on country-by-country (CbC) reporting related to data access and usage. The updates include: 1) 95 jurisdictions, including Ireland, have signed the Multilateral Competent Authority Agreement (MCAA) on the Exchange of Country-by-Country (CbC) Reports, as of January 2023; 2) Ireland has signed a bilateral Competent Authority Agreement (CAA) to exchange CbC Reports with the U.S.; and 3) Hong Kong is a signatory of the MCAA-CbC.

https://news.bloombergtax.com/daily-tax-report-international/ireland-tax-agency-updates-guidance-on-cbc-reporting-concerning-data-access-usage

#bloombergtax

The European Commission (EC) April 19 announced tax decisions in the April monthly infringement package. The package includes tax decisions that: 1) direct Spain to transpose EU Directive 2020/1151, on rules for the harmonization of excise duties on alcohol and alcoholic beverages; 2) refer Belgium to the European Court of Justice (ECJ) for failing to correctly transpose EU Directive 2016/1164, on anti-tax avoidance rules for controlled foreign corporation (CFC) tax credits on taxes paid abroad; and 3) direct Italy, Latvia, and Portugal to correctly transpose EU Directive 2018/843, on the fifth anti-money laundering rules.

https://news.bloombergtax.com/daily-tax-report-international/european-commission-issues-april-monthly-infringement-package-1

#bloombergtax

The Ukrainian President May 2 signed Law No. 3050-IX, exempting the calculation and payment of property tax for damaged real property other than land, valid for 2022 and up to three years from the date of the termination of martial law due to the ongoing Russia-Ukraine conflict. The law includes measures: 1) providing an exemption from payment of environmental tax and tax on immovable property, other than a land plot, for destroyed or damaged immovable property; 2) clarifying taxpayers' obligations and procedures for submitting tax declarations; 3) defining minimum tax liabilities, including a clarification for residential and/or nonresidential real estate .

https://news.bloombergtax.com/daily-tax-report-international/ukraine-president-signs-law-exempting-property-taxes-for-damages-due-to-war

#bloombergtax

The Mauritian Official Gazette April 1 published Regulation No. 36/2023, to exempt income earned by holders of Mauritian Diaspora Certificates who return to Mauritius. The exemption applies to: 1) individual professional or self-employed income earned during the 10 succeeding income years before returning to Mauritius; and 2) income of young professionals earned during the five succeeding income years before returning to Mauritius. [Mauritius, Supreme Court, 04/01/23] Reference: View Index .

https://news.bloombergtax.com/daily-tax-report-international/mauritius-gazettes-amended-income-tax-regulations

#bloombergtax

The Ukrainian Ministry of Finance April 24 posted online a synthesized text of the 1997 DTA and 2016 protocol with Luxembourg and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which entered into force Dec. 1, 2019. The MLI applies from: 1) Jan. 1, 2020, for withholding taxes; and 2) taxable periods beginning on or after June 1, 2020, for all other taxes. The synthesized text is to facilitate the application of the MLI but isn't a source of law.

https://news.bloombergtax.com/daily-tax-report-international/ukraine-mof-posts-synthesized-text-of-dta-protocol-with-luxembourg

#bloombergtax

The French Official Gazette April 27 published an order increasing the minimum wage rates to: 1) 1,747.20 euros (US$1,928.54) per month, from 1,709.28 euros (US$1,886.68) per month; 2) 11.52 euros (US$12.72) per hour, from 11.27 euros (US$12.44) per hour; and 3) 4.10 euros (US$4.53), from 4.01 (US$4.43) euros, as the guaranteed minimum. The order enters into force and takes effect May 1. [France, Government Legal Database, 04/27/23] Reference: View Order of 04/26/23 . View Order of 04/26/23, Official Gazette No.

https://news.bloombergtax.com/daily-tax-report-international/france-gazettes-order-increasing-minimum-wage-rates

#bloombergtax

The Hong Kong Inland Revenue Department May 2 published a synthesized text of the 2010 DTA and protocol with Indonesia and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which entered into force Sept. 1, 2022. The MLI applies from: 1) April 1, 2023, for withholding taxes in Hong Kong; 2) Jan. 1, 2024, for withholding taxes in Indonesia; 3) taxable periods beginning on or after April 1, 2024, for all other taxes in Hong Kong; and 4) taxable periods beginning on or after Jan.

https://news.bloombergtax.com/daily-tax-report-international/hong-kong-tax-agency-posts-synthesized-text-of-dta-protocol-with-indonesia

#bloombergtax

The Emirati Ministry of Finance May 10 posted online Ministerial Decision No. 115/2023, on the taxation of private pension funds and private social security funds. The decision explains: 1) conditions under which private pension funds and private social security funds can apply for an exemption from corporate taxation; 2) permissible sources of income for specified funds; 3) rules allowing employers to deduct their contributions to private pension funds, up to a maximum of 15 percent of total deductible remuneration paid in a tax period; 4) administrative rules for the approval and withdrawal of exemptions; and 5) relevant definitions.

https://news.bloombergtax.com/daily-tax-report-international/united-arab-emirates-mof-posts-ministerial-decision-on-taxation-of-private-pension-social-security-funds

#bloombergtax

The Chinese State Administration of Taxation June 6 posted online a synthesized text, in English and Chinese, of the 2014 DTA and protocol, last amended in 2015, with Russia and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which entered into force Sept. 1, 2022. The MLI applies from: 1) Jan. 1, 2024, for withholding taxes; 2) taxable periods beginning on or after Sept. 9, 2023, for all other taxes in China; and 3) taxable periods beginning on or after Jan.

https://news.bloombergtax.com/daily-tax-report-international/china-tax-agency-posts-synthesized-text-of-dta-protocol-with-russia-in-english-chinese

#bloombergtax

The Belgian Federal Public Service-Finance June 21 posted online a synthesized text, in English, of the 1969 DTA, and 1999 and 2009 protocols, with Denmark and the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), which entered into force Jan. 1, 2020. The MLI applies from: 1) Jan. 1, 2020, for withholding taxes; 2) taxable periods beginning on or after July 1, 2020, for all other taxes in Belgium; and 3) taxable periods beginning on or after Jan.

https://news.bloombergtax.com/daily-tax-report-international/belgium-mof-posts-synthesized-text-of-dta-protocols-with-denmark-in-english

#bloombergtax

Aug. 3, 2022, 5:00 AMThe Latvian State Revenue Service July 29 announced a VAT refund for qualified VAT paid by registered Latvian VAT payers in Switzerland. The announcement explained that in order to receive the refund: 1) VAT payers must have carried out economic activity in Latvia and have a permanent residence or a permanent establishment in Latvia; 2) VAT payers must submit a certificate issued by the State Revenue Service to the Swiss Federal Tax Administration; and 3) the certificate must contain either the date of the taxpayer's State Revenue Service registration, or the taxpayer must have registered during the period for which .

https://news.bloombergtax.com/daily-tax-report-international/latvia-tax-agency-announces-refund-for-vat-paid-in-switzerland-by-latvian-vat-payers

#bloombergtax