Accounting News

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VAT rules for European ecommerce

Whether your business is located within the European Union or outside, if you’re shipping to customers in European countries, you will have to pay value-added tax (VAT). On this ... Read More
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EU hits pause on US digital levy to focus on global corporate tax plan

The European Union has agreed to delay a corporate tax plan for the bloc following pressure from the U.S. administration and in a bid to facilitate a broader global ... Read More
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Europe plans new directive on corporate tax

The European Commission plans to propose a new directive to ensure “uniform implementation across all European Union member states” of any deal on international rules for corporate taxation. The ... Read More
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Company tax deal is close, Paris and Berlin say

International talks to rewrite the rules of cross-border taxation are in the home stretch with a deal possible in the coming weeks, the French and German finance ministers said ... Read More
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Cyprus, Ghana and Kenya join growing list of countries to create beneficial ownership registries

An infamous tax haven in the heart of Europe and two of Africa’s largest economies will force companies to declare their owners, joining a growing list of countries responding ... Read More
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EU’s tax irregularities attract international attention

Le Monde’s recent “OpenLux” revelations show that Luxembourg fails to act fairly within the European Union by offering low tax rates to corporates – underscoring the flaw of an ... Read More

EU tax haven blacklist not catching worst offenders

MEPs adopted a resolution setting out changes to be made to the system used to draw up the EU list of tax havens, which they deem is currently “confusing ... Read More
coronavirus pandemic

Waiving VAT and customs duties on vital medical equipment

The European Commission waives customs duties and VAT on the import of medical equipment from non-EU countries. The European Commission had already in April 2020 published a decision helping ... Read More

Spanish government raises taxes for the rich and wealthy

The Government raises corporation tax, wealth tax and personal income tax for the rich. The President of the Government, Pedro Sánchez, and the second vice president, Pablo Iglesias, presented ... Read More
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EU expecting COVID-19 dent in 2020 VAT collections

The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018, down EUR1bn in nominal ... Read More
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