International Tax Europe and Africa January 2019
This e-newsletter gives you an overview of international tax developments being reported globally by KPMG member firms in the Europe and Africa Regions between 1 January 2019 and 31 January 2019.
For a full summary of global tax developments, visit home.kpmg/taxnewsflash.
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|Tax legislation approved and regulatory update||VAT||1 January 2019||
Changes to the VAT law in Bulgaria are generally effective in January 2019.
|Administrative and case law||Insurance premium tax||January 2019||
The CJEU issued a ruling in a case concerning the location of risk for purposes of the insurance premium tax for insurance related to M&A transactions. The case is: C-74/18.
|Tax legislation approved and regulatory update||ATAD||1 January 2019||
A decree to implement the transposition of two EU Anti-Tax Avoidance Directives into Italian law was published in the official gazette.
|Tax legislation approved and regulatory update||Corporate income tax / R&D||1 January 2019||
Changes to Italy’s corporate income tax and regional tax were enacted on 30 December 2018. These include:
|Tax legislation approved and regulatory update||Tax amnesty||2019||
A package of tax measures enacted in 2018 includes certain “tax amnesty” programs.
|Proposed legislation||Digital economy||January 2019||
The Budget Law 2019 includes a “web tax”. Specifically, the new “web tax” will apply at a rate of 3% on revenue generated from certain digital services when provided under business-to-business or business-to-consumer transactions.
|Administrative and case law||E-invoicing||January 2019||
The Italian tax authorities have clarified certain issues relating to the mandatory “e-invoicing” rules that were effective beginning in 2019.
|Tax legislation approved and regulatory update||ATAD||January 2019||
EU Anti-Tax Avoidance Directive was transposed into Maltese law. This includes measures in relation to interest limitation, exit taxation, GAAR and controlled foreign company rules.
|Publications||Corporate Tax Statistics||14 January 2019||
The OECD issued a report providing internationally comparable statistics and analysis from approximately 100 countries on four main categories of data:
|Tax legislation approved and regulatory update||Corporate income tax||January 2019||New legislation in Serbia generally is
effective for tax years beginning in 2019. Changes include: