International Tax - Europe and Africa, July 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 July and 31 July 2019.
For a full summary of global tax developments, visit TaxNewsFlash- Global.
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|Proposed legislation||Interest limitations under group taxation||July 2019||
A commission of Hungary’s parliament has submitted proposals to amend a draft law that was previously submitted to the parliament by the Ministry of Finance in late June 2019.
|Tax legislation approved and regulatory||Tax incentives||June 2019||
The Italian parliament amended and converted Law Decree no. 34/2019 into law. The new law decree includes tax incentives for the real estate and leasing sectors.
|KPMG publication||Tax card 2019||2019||
A KPMG Tax Card gives a concise overview of taxes in Montenegro in 2019.
|Proposed legislation||VAT||June 2019||
The Ministry of Finance in published a consultation paper concerning a proposal to repeal the exemption from VAT that applies for imports of “low-value goods”.
|Proposed legislation||Tax on single-use plastics||July 2019||
South Africa’s government is considering a new tax on single-use plastics.
|Treaties||Double tax treaty||16 July 2019||
The U.S. Senate approved a Protocol to amend the income tax treaty with Spain.