CFE Tax Top 5

This week's edition of the CFE Tax Top 5 looks at the following:

• CJEU Decision in Cross-Border Exchange of Information Cases
• OECD Digital Tax Economic Impact Assessment Webinar...

Review of VAT rules for FSI - Consultation

The VAT rules for financial and insurance services, in particular, the exemptions in article 135 of Directive 2006/112, are criticised for being complex, difficult to apply and for not having kept pace with the developments of new services in the sector...

Proposed amendment to the participation exemption rule

New exclusion from tax deductions proposed

The Budget measures Implementation Bill [Bill No. 173] is proposing the introduction of a new exclusion from deductions permitted under the Income Tax Act (CAP 123)...

Taxation of Royalties from qualifying literary works

Pursuant to the announcement in the Budget for 2021 of a flat rate of 15% on royalties earned by authors, article 15 of the Budget Measures Implementation Bill sets out the proposed new article 31F...