Search Results for: digital tax
Parliament keeps up pressure to tax digital economy more fairly
December 20th, 2019
MEPs press EU to engage fully in international efforts to tax the digital economy, while still being prepared to act at EU level if global plans fail. As international talks at OECD level on taxation systems for the digital ...
EU finance ministers to discuss proposals to adopt a tax on companies’ digital turnover
September 6th, 2018
European Union finance ministers will this week discuss proposals to adopt a tax on companies’ digital turnover by the end of the year, a document prepared by the Austrian presidency of the bloc said. EU governments agree that tax ...
Russia’s Central Bank Plans to Tax Bitcoin, Deem it a ‘Digital Commodity’
May 31st, 2017
The Central Bank of Russia could soon recognize digital currencies like bitcoin as digital commodities and tax them accordingly. According to the central bank’s deputy chairwoman, Olga Skorobogatova, the central bank is in the process of drafting legislation to ...
EU tax rules are not currently prepared for the digital economy
May 9th, 2017
European tax rules are not currently prepared for the digital economy. They need to be adapted to reality in order to offer the people of Europe a more prosperous future. This was the main message of the European Economic ...
Israel to Tax Digital Currency Sales as Property
January 17th, 2017
In a statement released this week, the Israel Tax Authority (ITA) announced that it has decided to treat digital currencies like Bitcoin as assets rather than as foreign currencies for the purpose of taxation. That announcement has come more ...
Practices join forces to launch TaxGo digital service
December 21st, 2016
A digital-only tax service aiming to be the ‘biggest UK firm’ by client numbers has launched for entrepreneurs and micro-businesses, by the heads of two successful accounting practices. TaxGo has been set up by d&t’s Carl Reader and Ben ...
HMRC takes next step towards creating a digital future for taxpayers
August 6th, 2015
HM Revenue and Customs (HMRC) today announced that it will bring some existing IT services under its direct control, while it continues to plan the transition to a new IT delivery model following the ending of the Aspire contract ...
Plans outlined to amend tax rules to enable new simplified reporting of VAT owed for supply of digital services
July 30th, 2014
Proposed amendments to UK tax rules are being consulted on by HM Revenue & Customs (HMRC) to recognise a new simplified mechanism that is being introduced for reporting VAT owed on the supply of digital services following changes to ...
How Should We Tax the Digital Economy?
May 29th, 2014
The European Commission has received the final report of the High-level Expert Group on Taxation of the Digital Economy. This independent group was asked to examine key issues related to taxing the digital economy in the EU, and to ...
Poland blocks EU directive to implement global corporate tax deal
April 14th, 2022
Poland vetoed on Tuesday (5 April) a compromise proposal for an EU directive that would implement the internationally agreed 15% minimum effective taxation rate for large multinationals. With its veto, the Polish government frustrated the French EU Presidency’s goal ...
