Clicky Australian Tax Changes For Self-Managed Super Funds Effective

Australia has enacted new integrity measures included in the Treasury Laws Amendment (2018 Superannuation Measures No. 1) Bill 2019 affecting self-managed super funds. EU Updates Tax Blacklist

The EU has removed two countries from its list of non-cooperative tax jurisdictions and found a further five to have met their commitments on tax cooperation. IRS Expands Virtual Currency Tax Guidance

On October 9, 2019, the United States Internal Revenue Service issued two new pieces of guidance for taxpayers who engage in transactions involving virtual currency. Greek 2020 Budget Submitted

On October 7, 2019, the Greek Ministry of Finance presented to parliament the 2020 Budget, which includes numerous tax cut measures announced recently by Prime Minister Kyriakos Mitsotakis. Argentina Consults On New Transfer Pricing Rules

On October 2, 2019, Argentina's tax agency released new draft transfer pricing rules for consultation. Italy May Probe Netflix's Tax Affairs

Milan's Public Prosecutor's Office has launched an investigation into whether Netflix owes tax in Italy, Italian daily Corriere Della Sera reported October 3, 2019. Switzerland Sends 2019 Taxpayer Data Under CRS

Switzerland's Federal Tax Administration has announced the exchange of information on millions of financial accounts with 75 partner countries. Czech Republic To Apply Generalized Reverse Charge From Jan 1

The Czech Republic will be permitted to use the new generalized reverse charge mechanism from January 1, 2020, until June 30, 2022. Netherlands Begins Consultation On Tax Blacklist

On October 7, 2019, the Dutch Government announced the launch of a consultation on the 2020 edition of the list of low-tax jurisdictions for the purposes of enforcing existing and forthcoming anti-avoidance legislation intended to tackle base erosion and profit shifting. German Government Approves Climate Plan

On October 1, 2019, the German Federal Cabinet approved financing of EUR54bn (USD59bn) for the Climate Protection Program 2030, which includes the introduction of carbon pricing, as well as other tax measures intended to encourage the use of cleaner forms of transport. Panama Launches New General Tax Amnesty

Lawmakers in Panama have endorsed the launch of a new general tax amnesty, included in Bill 78. Costa Rica Simplifies VAT For Agricultural Businesses

Costa Rica introduced a simplified VAT compliance regime for agricultural businesses and their services providers from October 1, 2019. New Zealand Offering Simpler, Cheaper Rulings For SMEs

On October 1, 2019, New Zealand's Inland Revenue began offering to SMEs and individuals a simplified tax ruling process that is shorter and cheaper. OECD To Provide Another Update On Int'l Tax Reform Work

The OECD has announced that the next Tax Talks webcast will be held on October 9. It will update stakeholders on its work to develop new international tax rules. IRS Grants Relief For US Persons Affected By Section 958 Repeal

On October 1, 2019, the United States Treasury Department and the Internal Revenue Service announced a relief for certain US persons that own stock in certain foreign corporations. Algeria Releases 2020 Draft Budget

Algeria has released its draft Budget Law for 2020, including proposals for a number of tax reliefs. Japan Hikes Sales Tax To Ten Percent

Japan's sales tax rose from eight to 10 percent on October 1, 2019, following two previous delays to the hike. An Update On Brazil's Efforts To Install VAT

Brazil's Government must overcome a number of challenges, including assuaging the concerns of state authorities, if it is deliver on its plans to overhaul the country's complex indirect tax system. Zambia Decides To Keep VAT, Amend Tax For Miners In 2020 Budget

Zambia announced that it will retain value-aded tax but strengthen its administration and make changes to the tax environment for mining companies in the 2020 Budget, released on September 27, 2019. Switzerland Legislates To Improve Taxpayer Oversight

The Swiss Federal Council will bring into force legislation on the implementation of recommendations made by the Global Forum on Transparency and Exchange of Information for Tax Purposes. Russia Clarifies Tax Treaty Access Rules For Non-Res Holding Companies

In a letter dated August 8, 2019, the Russian Federal Tax Service amended the rules for non-resident holding companies to be considered as the beneficial owner of Russia-sourced income. Sanders Unveils US Wealth Tax

United States Senator Bernie Sanders (D-VT), a leading contender for the Democratic presidential nomination, has proposed a new tax, as well as a series of enforcement measures, targeting America's wealthiest individuals. Poland Adopts 2020 Budget

On September 24, 2019, the Polish Government adopted the draft Budget for 2020, which takes into account recent reductions in personal income tax. France To Introduce VAT Requirements For Online Marketplaces

On September 23, 2019, the French Government outlined a number of measures that will be included in the 2020 Finance Law to ensure the payment of value-added tax on items bought by French residents from online marketplaces. Tax Experts Have Helped Developing Countries Net USD500m In Tax

The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilization, says the annual report for the initiative Tax Inspectors Without Borders. Starbucks' Dutch Tax Ruling Vindicated By EU General Court

On the same day the Court ruled against Fiat's appeal, the EU General Court has decided that Starbucks was not in fact granted a selective tax advantage in a Dutch tax ruling, contrary to a European Commission conclusion. EU Court Upholds Commission's Fiat Tax Ruling Decision

The EU General Court has dismissed an appeal brought against the European Commission's decision that a tax ruling granted by Luxembourg to Fiat Chrysler Finance Europe was unlawful. Austrian Parliament Approves Digital Tax

On September 19, 2019, the lower house of the Austrian parliament approved the first part of a package of tax reforms that will introduce a digital tax as well as bring about changes to certain value-added tax rules. Indian GST Council Approves Changes To Filing Rules, Rates

India's GST Council agreed a number of changes to the country's goods and services tax regime, at its meeting on September 20, 2019. Polish Split Payment Mechanism In Force November 1

On September 20, 2019, the Polish Ministry of Finance reminded taxpayers that the compulsory value-added tax split payment mechanism for certain supplies will commence on November 1, 2019.