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South Africa: Carbon-Tax Legislation Proposed

(Nov. 9, 2015) On November 2, 2015, the South African National Treasury published for public comment the Draft Carbon Tax Bill, 2015, which seeks to “price carbon by obliging the polluter to internalize the external costs of emitting carbon, and contribute towards addressing the harm caused by such pollution.”  (Press Release, Republic of South Africa […]

Court of Justice of the European Union/Sweden: Purchase and Sale of Bitcoins Not Subject to VAT

(Nov. 5, 2015) On October 22, 2015, the European Court of Justice (ECJ) issued a preliminary ruling on the taxation of Bitcoins. (Case C-264/14, Skatteverket v. David Hedqvist, 2015, INFOCURIA – CASE-LAW OF THE COURT OF JUSTICE (Oct. 22, 2015) (ECJ Preliminary Ruling).) The ruling was in response to a 2014 request by the Swedish Högsta […]

Finland: Administrative Opinion on Tax Treatment of Uber Drivers

(Oct. 23, 2015) The Finnish Tax Administration (Verohallinto) issued an opinion on October 15, 2015, on the provision by individual drivers of personal transportation services to customers by means of a mobile phone application, such as the services offered by Uber. The Tax Administration stressed that it is not authorized to determine whether such services […]

Finland: Tax on Chocolate and Sweets to Be Eliminated 2017

(Oct. 7, 2015) On September 29, 2015, a Finnish Financial Parliamentary Committee decided to end the tax on sweets that has been in force since 2011. The decision will take effect on January 1, 2017. (Press Release, Statsrådet [Finnish government], Punktskatten på sötsaker och glass slopas 2017 [Excise Duty on Sweets and Ice Cream Will […]

Italy: New Legislation on Electronic Billing

(Oct. 5, 2015) On September 2, 2015, new legislation on electronic billing for value-added tax (VAT) operations entered into effect in Italy. (Legislative Decree No. 127 of August 5, 2015, Computerized Transmission of VAT Transactions and Control of the Supply of Goods Through Vending Machines, Implementing Article 9, Paragraph 1, Sections d) and g), of […]

Italy: New Legislation on Cooperation Between Taxpayers and Tax Authorities

(Oct. 1, 2015) On September 2, 2015, new legislation on taxation entered into effect in Italy. (Legislative Decree No. 128 of August 5, 2015, Provisions on Legal Certainty in the Relationship Between the Treasury and the Taxpayer, Pursuant to Articles 5, 6 and 8, Paragraph 2, of Law No. 23 of March 11, 2014 [L. D. […]

Indonesia: Economic Deregulation Planned

(Sept. 14, 2015) On September 9, 2015, Indonesia’s President Joko Widodo announced a major economic deregulation policy. According to the President, there are three areas that will be the focus of this policy: increasing the competitiveness of industry, speeding up infrastructure projects, and raising the amount invested in the property sector of the economy. Widodo […]

China: Prior Approval No Longer Needed for Certain Forms of Tax Benefits

(Aug. 28, 2015) On August 18, 2015, China’s State Administration of Taxation (SAT) issued an announcement to publicize 22 tax-related matters, listed in an appendix, for which prior SAT approval is no longer required. (Ying Zhang, China (People’s Rep.): Prior Approval for 22 Tax-Related Items Abolished, TAX NEWS SERVICE (Aug. 24, 2015), International Bureau of […]

Austria: Parliament Enacts Tax Reform

(Aug. 20, 2015) On July 23, 2015, Austria’s Parliament enacted a major reform of the country’s tax system that expands the progressive income tax scale for individuals to six brackets, ranging from an initial 25% rate to a ceiling rate of 55%. Other aspects of the reform include, inter alia, doubling the tax-exempt allowance for […]