Switzerland Confirms Revisions to VAT Act
The Federal Tax Administration has announced the following revisions to the VAT Act, effective January 1, 2018: First, all companies resident in Switzerland and all
Category: Regulatory Analysis
Czech Republic 2017 Changes to the VAT Law
In April of 2017, the Parliament of the Czech Republic passed legislation that made important changes to the Republic’s Value Added Tax (VAT) Law. The
Colorado Issues Emergency Draft Rules on July 1 Use Tax Notice and Reporting Requirement
On July 1, 2017, Colorado’s long anticipated notice and reporting requirements for non-collecting retailers goes into effect. This law requires retailers that do not have
Regulatory Analysis
Senate Drafts ACA Replacement Bill, Does Not Repeal Employer Reporting
Senate leadership released a discussion draft of the Better Care Reconciliation Act of 2017 – its version of the House’s American Health Care Act (AHCA)
Senate Leadership Aims for AHCA Vote Next Week; Working Group Expresses Unease
Senate Majority Leader Mitch McConnell has announced that leadership plans to release a “discussion draft” of their version of the AHCA bill on Thursday June
Bermuda Launches Tax Information Reporting Portal with Guidance and Enrollment Deadline
Bermuda’s Ministry of Finance has launched its Tax Information Reporting Portal, through which Financial Institutions and filers may enroll in and exchange account information pursuant
Germany Publishes FATCA Infobrief for Start of Filing Season
The German BZSt (Tax Office) has published an Infobrief to address some final matters before the start of this year’s FATCA filing season. The BZSt
Council Fails to Reach Agreement on European Union VAT Proposals
Two proposals to transform European VAT law have failed to gain approval of the EU’s Economic and Financial Affairs Council (ECOFIN). Both proposals needed unanimous
California Publishes Updated Electronic Funds Transfer Bulk Filer Setup Guide
California recently released an updated version of Publication DE-154, Electronic Funds Transfer Bulk Filer Setup Guide. The purpose of this guide is to provide instruction
Spain Takes Final Steps Towards Real Time Reporting Stating July 1
The Spanish Tax Administration (AEAT) recently released a comprehensive set of files, tools, and documents necessary for the full implementation of the Immediate Information Remittance
European Commission Negotiates VAT Agreement with Norway
After nearly two years of negotiations, representatives from the European Commission and Norway initialed an agreement on VAT cooperation in May of 2017. The agreement
European Parliament Votes to Allow Reduced VAT Rates on E-Publications
By a vote of 590 to 8, with 10 abstentions, the European Parliament has formally agreed to allow Member States the option of applying reduced
German Ministry Analyzes Effects of VAT Reduction
According to a report from Reuters, the German Economic Ministry has recently been analyzing a possible reduction in the country’s 19% VAT rate, as part of
Italian Tax Authority Cracks Down on VAT Fraud
On June 12 of 2017, the Italian Tax Authorities (ITA) issued Protocol No. 110418, to further implement the principles of EU administrative cooperation and combating
Proposal for European Prosecutor’s Office Gains Momentum
On June 8, 2017, twenty European Union Member States voted to establish a new European Public Prosecutor’s Office (EPPO), which will be given broad powers
Monaco Releases List of Reportable and Participating Jurisdictions
Monaco recently published a list of reportable and participating jurisdictions on its CRS Frequently Asked Questions page. These lists are current as of April 2017,
Turks and Caicos Publishes List of Reportable Jurisdictions for 2017
The Ministry of Finance, Trade, and Investment in Turks & Caicos recently published a list of Reportable Jurisdictions for 2017. These jurisdictions have an existing
House Passes Bill Affecting Advance Premium Tax Credit
Earlier this week, the House of Representatives passed the Verify First Act – which would serve as an amendment to the premium tax credit under