Micro News

Micro News

Turkey's digital services tax, approved in December 2019, came into effect on March 1st. This will impose a 7.5% tax on income from certain interactive digital services earned by companies with global annual turnover of at least EUR €750 million and domestic source revenues of at least 20 million Turkish…


The closing date for Cayman Islands entities to file reports under the automatic exchange of information regulations for the 2019 reporting timeframe has once again been extended from July 31st to September 18th 2020.  The reason this time, is due to the International Tax Cooperation’s team’s task to…


The UK government has introduced a Bill allowing it to enact into domestic law any new international agreements it makes on private international law, now that its departure from the EU has restored its competence to strike such agreements.  The Private International Law (Implementation of Agreements)…


The Court of Justice of the European Union (ECHJ) has held in AURES Holdings (C-405/18) that acompany which relocates from one EU Member State to another cannot take its previously accrued tax losses with it, to be offset against future taxable income in the secondary jurisdiction.  The case concerned…


The Government in Malta has revised its beneficial ownership laws to limit access to centrally held data on Maltese express trusts, institutions and associations to individuals with a 'legitimate interest'. Rejection of a request can be appealed by judicial review before the Civil Court First Hall, and…


Singapore's 2020 budget has announced an exemption to the corporate income tax exemption for gains from the sale, transferal or disposal of shares in the city-state until the 31st of December 2027. Now, the absolution will also apply to all immovable properties outside of Singapore, as well as investment…



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