International Tax - Europe and Africa, June 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 June and 30 June 2019.
|Channel Islands||France||Italy||Montenegro||Romania||United Kingdom|
For a full summary of global tax developments, visit TaxNewsFlash- Global.
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|Administrative and case law||VAT||5 June 2019||
The European Commission announced it has referred Austria to the Court of Justice of the European Union (EU) for Austria’s failure to apply special VAT rules for travel agents correctly.
|Proposed legislation||Beneficial ownership||19 June 2019||
The governments of Jersey, Guernsey, and the Isle of Man set out their stance on the future registers of the beneficial ownership of companies.
|KPMG publications||Tax Card||June 2019||
KPMG in Cyprus has prepared a “tax card” that sets forth the rates that applies to individual (personal) income tax, corporate tax, employer's contributions, social insurance, and certain tax incentives.
|Proposed legislation||Budget||13 June 2019||
The East African Community Finance Ministers continued the tradition of synchronized presentation of the member countries’ respective budgets.
|Proposed legislation||Digital services tax||June 2019||
Enactment of a digital services tax in France is expected soon, now that differences in the legislation passed by each chamber of parliament have been resolved.
|KPMG publication||Tax data card 2019||2019||
A “tax data card” prepared by KPMG in Ghana provides an overview of the Income Tax Act.
|Tax legislation approved and regulatory update
Irish Revenue’s Tax and Duty Manual includes updates concerning VAT.
|Proposed legislation||Various tax areas||13 June 2019||
The Finance Bill, 2019 and various legal notices containing the budget proposals were submitted to the parliament.
|Tax legislation approved and regulatory update||Tax consolidation||31 May 2019||
Malta has introduced fiscal unity rules enabling related Maltese and foreign companies to form part of a tax group for the purposes of Maltese income tax.
|Proposed legislation||Budget||10 June 2019||
The Prime Minister and Minister of Finance and Economic Development presented the 2019-20 budget speech.
|Proposed legislation||Tax transparency/AEOI and CRS||7 June 2019||
The Organisation for Economic Cooperation and Development (OECD) issued an update on the status of global tax transparency initiatives.
|KPMG publications||Tax Guide||2019||
KPMG in Romania has prepared a tax guide — a report that provides a brief overview of the taxation of corporations and individuals for 2019.
|Proposed legislation||Budget||June 2019||
Tax measures proposed in the 2019 budget are expected to have an effective date of 1 July 2019.