Clicky ECJ Rules French Dividend Tax Rules Breach EU Law

The European Court of Justice has ruled in favor of three Belgian companies that had challenged the legality of France's decision to refuse a refund of withholding tax collected on dividends paid by a resident company to a loss-making non-resident company. Swiss Government Signs Off On Tax, Trade Issues

Switzerland's Government has recently decided on a number of trade matters and reviewed its plans for changes to how it administers vehicle taxes. UK Urged To Push Back Making Tax Digital Agenda

In a new report released on November 22, 2018, the UK's Economic Affairs Committee called for a one-year delay to the implementation date of Making Tax Digital for VAT. Netherlands Announces Stricter Rules For Tax Rulings

On November 22, 2018, the Dutch Ministry of Finance announced changes to the country's tax ruling regime intended to ensure that only taxpayers meeting certain substance requirements are granted tax rulings. Switzerland To Adopt Global Forum's Tax Recommendations

The Swiss Government is to press ahead with its plans to implement the recommendations made by the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes, despite domestic opposition. Only Tax-Compliant Firms To Be Allowed Australian Gov't Contracts

Australia is to require businesses seeking to tender for significant federal government procurement contracts to demonstrate their record of tax compliance. OECD Reports Progress On Harmful Tax Regimes Work

Releasing a progress update, the OECD said international efforts to curb harmful tax practices and prevent the misuse of preferential tax regimes are having a tangible impact worldwide. UK Seeking To Encourage Audit Market Competition

Companies looking for auditing services may benefit from a more competitive market if changes are recommended as part of a recently launched Competition and Markets Authority (CMA) review into the industry. Brexit Withdrawal Agreement Put To UK Lawmakers

An agreement has been reached between the European Union and the United Kingdom on Brexit, which, if approved by UK lawmakers, would establish a transition period, until the end of 2020, during which EU law would continue to apply to the UK. OECD Releases Guidance On Impact Of BEPS MLI

The OECD has provided a progress update on implementation of the BEPS multilateral instrument (BEPS MLI), which will become effective from January 1, 2019, and released advice for states on how to prepare guidance on the interpretation of changes to tax treaties. Switzerland Gearing Up For Corporate Tax Changes

The Swiss Government has announced that, in preparation for a major overhaul of the tax system, existing practices on the taxation of principal companies and finance branches will not be applied to new companies as of 2019. Singaporean Corporate Tax Returns Soon Due

The Inland Revenue Authority of Singapore has issued a reminder to companies that the corporate income tax return filing deadline is either November 30, 2018, for paper returns, or December 15, 2018, for electronically filed returns. Germany's Bundestag Approves VAT Reforms

Germany's parliament, the Bundestag, has approved the introduction of new value-added tax rules for online marketplaces. Australia Consults On Tax Implications Of Insurance Law Reform

The Australian Government is consulting on the tax implications of a new accounting standard for insurance contracts. Swiss Gov't Amends AEOI Ordinance

The Swiss Federal Council has amended its automatic exchange of tax information legislation to remove a transitional provision relating to the initial stage of implementation. UK To Shutter Second Home Tax Avoidance 'Loophole'

The UK Government has announced its intention to tackle the use of a commercial property tax (business rates) exemption, intended only for small businesses, by second-home owners to avoid paying residential property tax (Council Tax) on those homes. No Agreement Yet On EU Digital Services Tax

European Finance Ministers have failed to reach an agreement on the EU's proposed digital services tax, following opposition from some member states. HMRC's Large Business Tax Inquiries Now Taking Three Years

The average length of HMRC's tax inquiries into large businesses are now taking more than three years to settle, with each case taking around 39 months to resolve in 2017/18, up from 34 months in 2016/17, according to Pinsent Masons, the international law firm. Malaysia Announces Corporate Tax, Sales Tax Reforms In Budget

Malaysia's 2019 Budget contains plans for an overhaul of sales and service tax rules and a corporate tax cut for small- and medium-sized enterprises. Finland To Strengthen CFC Legislation

The Finnish Government has proposed changes to controlled foreign company legislation that would widen the scope of the law and bring Finland in line with the European Union Anti-Tax Avoidance Directive. FASB Issues New Standard For Variable Interest Entities

The Financial Accounting Standards Board (FASB) on October 31 issued Accounting Standards Update 2018-17, intended to reduce the cost and complexity of financial reporting associated with consolidation of variable interest entities (VIEs), for which consolidation is not based on a majority of voting rights. Switzerland Notes Upcoming Tax Changes

The Swiss Federal Tax Administration has published a list of changes to the tax system that will take effect over the period 2019-2021. Hong Kong's Parliament Endorses Improved R And D Tax Breaks

Hong Kong's Legislative Council has passed legislation to improve the jurisdiction's tax incentives for research and development spending. UK Announces Digital Tax, Corporate Tax Reforms In New Budget

The UK's 2018 Budget includes changes to tax rules for companies, and notably for multinational groups to conform with the EU's Anti Tax Avoidance Directive. Most significantly, the UK has decided to move ahead of the EU in announcing that it will apply a tax on the turnover of certain digital businesses. Australian Tax Office Expands Data Matching Program

The Australian Taxation Office has announced that it is expanding its data matching program to focus on information it receives from partner organizations on shares held by taxpayers. Switzerland To Maintain 2018 Interest Rates For Overdue Tax, Refunds in 2019

Switzerland will keep unchanged the amount of interest charged to taxpayers on outstanding tax payments during 2019. Australian SME Tax Cuts Now Law

Legislation to reduce Australia's small business tax rate received Royal Assent on October 25. Estonia Tops Tax Foundation's Tax Competitiveness Index

Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD." NZ Legislates For New Research And Development Tax Incentive

The New Zealand Government has introduced legislation to implement a new research and development tax incentive. HMRC Focusing On Image Rights Tax Avoidance

The UK tax agency has confirmed that it is investigating around 170 professional soccer players' tax affairs and around 20 football clubs, focusing on the taxation of image rights.

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