Micro News

Micro News

The UK's diverted profits tax (DPT), introduced in 2015 to tackle profit diversion by multinational companies, has collected more than GBP £5 billion in extra tax. The figure includes settlements of over 60 investigations from the following sources:  Additional corporation tax of over GBP £2.2 billion. An…


A paper by the UK House of Commons' research department examines the prospects for introduction of the promised digital services tax (DST) from April 2020, in the context of wider concerns as to the challenge of taxing digital businesses and moves to agree reforms to the international tax system.  The…


UK to Implement Lugano Convention After Brexit

The UK government has declared its intention to accede in its own right to the Lugano Convention 2007 into local law at the end of the EU exit (Brexit) transition period towards the end of the year in December 2020.  Experts hope the move will provide clarity on legislation in the following areas: Civil…


This week, official implementation of a register of company beneficial ownership the Netherlands's is due to take place. It should have been executed into national laws last month, on January 10th 2020.  It has however been delayed by a decision of the Upper House of the Dutch parliament. This is because…


The European Commission has officially warned several EU Member States that they are being too slow to transpose various anti-tax avoidance directives into their national law.  The following member states have been told to finish their individual implementations of the Council Directive (EU) 2018/822…


Singapore and Indonesia have updated their double taxation agreement (DTA), lowering withholding tax rates for royalties and branch profits, and exempting certain capital gains from tax in the source jurisdiction.  The respective double taxation agreement will come into force after its individual ratification,…


The Federal Ministry of Justice in Germany has published a draft Bill implementing the EU’s 6th anti-money laundering directive (6AMLD), only a few weeks after the country successfully completed its implementation of the 5th AMLD into local law.  The 6AMLD sets an EU-wide minimum standard for Member…



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