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US and France reaches agreement on digital tax at G7 summit
Aug 26,2023
US and France have reached an agreement on the French digital tax. At G7 summit, France agree to get rid of its national tax and companies that have paid France's digital tax "will be reimbursed" according to French President Emmanuel MACRON. The Org...
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Facebook agrees to pay France
Aug 24,2023
Facebook's French subsidiary has agreed to pay the French government 106 million euro (US$125 million) in back taxes and penalties for the years 2009-2018 following a 10-year audit of its accounts. Facebook has also agreed to pay 8.46 million euro in...
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US tech Giants voice out on France digital tax
Aug 21,2023
While France has become the first country to impose a digital tax, US tech giants all voiced concerns that move will make way for other countries to impose similar measures. The three percent tax on total annual revenues of companies that provide ser...
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Taiwan requests Uber to pay a 6.4 million dollars tax bill
Aug 19,2023
Taiwan has requested Uber Technologies to pay a sales tax bill of about 6.4 million dollars, partly due to the government's new tax regime on global online service providers. Uber rejects the allegation that it owes taxes to the government of Taiwan,...
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Hungary to lower VAT on Internet services despite EU request
Aug 18,2023
Hungary will reduce its value added tax (VAT) on Internet services from 27% to 18%, starting early 2017. Hungary's decision counters a request by the European Commission (EC), which asked Hungary to postpone the tax cut, sinc...
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Kenya to impose new digital tax on tech companies
Aug 10,2023
The Kenya Revenue Authority (KRA) has launched a call for comment on a proposed digital tax on income from services provided through the digital marketplace. The public has until 24 August to submit their comments to the Commissioner-General for revi...
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France and Germany to tackle taxation of the sharing economy
Aug 10,2023
Finance ministers of France and Germany are joining forces to tackle questions about taxing the sharing economy, submitting a joint proposal to the European Commission to be revealed in September. The move was spurred by the revelation that Airbnb pa...
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South Korea introduces first ever robot tax
Aug 09,2023
South Korea has announced the world's first ever robot tax, reducing tax benefits in the automation industry, as a result of concerns for mass unemployment with the increased automation of industries. According to newspapers, the move aims to make up...
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New Zealand modifies tax laws to include cryptocurrency incomes
Aug 07,2023
New Zealand tax authorities haveissued guidelineson how to tax incomes from cryptocurrency. New Zealand has recognised cryptocurrency as a means of payment for fees and salaries. New rules will apply for salary and wage earners, but not for self-empl...
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Amazon to pass on UK's 2% digital services tax to sellers
Aug 06,2023
Amazon is set to increase fees for UK sellers by 2% in response to the introduction of the UK's digital services tax. The company says it will no longer absorb the UK's Digital Services Tax after talks with the government failed to progress. The UK's...
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UN tax experts committee release digital tax treaty model
Aug 06,2023
The UN Committee of Experts on International Cooperation in Tax Matters released a draft tax treaty proposal on payments for digital services. The committee, comprised of members from developing countries acting in their personal capacity, was asked ...
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Egypt's Finance Ministry to integrate its electronic systems by June 2021
Aug 04,2023
The Egyptian Minister of Finance Mohamed Maait announced the ministry's initiative to fully integrate its electronic systems by the end of June 2021, establish financial discipline, raise the efficiency of public spending, and modernise and automate ...
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