ECOFIN Discusses Digital Services Tax
One of the agenda topics discussed by the ECOFIN Council during its meeting of 3 December 2018 was the proposal on the taxation of digital services.
Jersey: new economic substance requirements
On 23 October 2018, Jersey’s Minister for External Relations presented draft legislation that would introduce increased substance requirements on certain Jersey resident companies.
Changes in the Implementation of Double Tax Treaties Applicable From 2019 Onwards
On 1 January 2019, the new Treaty for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and Capital that the Czech Republic signed in 2016 with Turkmenistan w…
Public Consultation on Virtual Currencies
We would like to draw your attention to an initiative of the Ministry of Finance (MF) which has raised the topic of cryptocurrencies, or virtual assets, and the blockchain technology.
Spain: draft bill for tax measures
On 23 October 2018, the Spanish government released three draft bills to implement some of the tax measures proposed in the 2019 budget.
TaxAlert: Complications in calculating the super-gross salary from January 2019
The President of the Czech Republic signed the amendment to the Income Taxes Act on 11 December under which employers will have to distinguish a country in which an employee participates in a system of compulso…
Current information on the debate on the tax package
The tax package will not be approved by the end of the year, the tax changes will therefore not be effective from the New Year.
VAT Act Amendment
On 4 December 2018, the Chamber of Deputies debated an amendment to the VAT Act. A series of motions to amend the Act were presented (which are likely to be subsequently voted on during the course of January) a…
UK: taxation of digital services
Key measures impacting non-UK owned groups announced in the 29 October 2018 budget include the introduction of a 2% digital services tax as from April 2020, applicable to groups with global revenue from such ac…