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Italy: New Law Amends Rules on Fixed-Term Employment Contracts, Delocalization of Companies, and Determining Taxpayer Income

(Aug. 30, 2018) On July 14, 2018, a new law amending rules on fixed-term employment contracts entered into force in Italy. (Decree Law No. 87 of July 12, 2018, Urgent Provisions for the Dignity of Workers and Companies) (D.L. No. 87), GAZZETTA UFFICIALE (G.U.), July 13, 2018 (in Italian), G.U. website.) Covered Contracts The new […]

China: Tax Incentives Extended to More Small Businesses

(Aug. 17, 2018) On July 11, 2018, China’s Ministry of Finance (MOF) and State Administration of Taxation (SAT) jointly issued a notice mandating the doubling of the income threshold for small, low-profit companies to be eligible for preferential corporate income-tax incentives. (MOF and SAT, Notice on Further Expanding the Scope of Application of the Preferential […]

Sweden: New Tax on Electronic Cigarettes and Other Non-Tobacco Nicotine Products Takes Effect

(July 26, 2018) On July 1, 2018, a new tax on all e-liquids and similar nicotine products, commonly referred to as e-cigarettes, took effect in Sweden. (Lag om skatt på vissa nikotinhaltiga produkter, SVENSK FÖRFATTNIGNSSAMLING [SFS] 2018:696.) The new provisions subject e-nicotine products to a new targeted 25% value-added-tax (VAT). Previously, these nicotine products were […]

Brazil: Rio de Janeiro Regulates Ridesharing Services in the City

(May 30, 2018) On April 11, 2018, the Mayor of Rio de Janeiro, Brazil, issued Decree No. 44399, regulating the use of the municipality’s road system for the economic operation by private individuals of paid-passenger transportation services (like Uber and Lyft) intermediated by digital platforms managed by transport companies (known as Provedoras de Redes de […]

Switzerland: Abolition of Marriage Tax Penalty Proposed

(Apr. 5, 2018) On March 21, 2018, the Swiss Federal Council (the Swiss government) adopted a legislative proposal to abolish the “marriage tax penalty” (marriage penalty). The proposal is designed to resolve the decades-long controversy surrounding the issue. (Swiss Federal Council, Botschaft zur Änderung des Bundesgesetzes über die direkte Bundessteuer (Ausgewogene Paar- und Familienbesteuerung) [Message […]

Germany: Federal Ministry of Finance Publishes Guidance on VAT Treatment of Virtual Currencies

(Mar. 13, 2018) On February 27, 2018, the German Federal Ministry of Finance published guidance on value-added-tax (VAT) treatment of bitcoin and other virtual currencies. It determined that transactions to exchange a traditional currency for bitcoin or other virtual currencies and vice versa constitute the taxable supply of other services for consideration, but fall under […]

Israel: Supreme Court Rejects Challenge to Constitutionality of FATCA’s Implementation

(Jan. 25, 2018) On January 2, 2018, Israel’s Supreme Court, sitting as a High Court of Justice, issued its reasoning for its decision of September 12, 2016, rejecting a petition challenging the constitutionality of the Income Tax Ordinance (Amendment No. 227) Law, 5776-2016 (Amendment Law). The main decision was rendered by Justice Hanan Melcer, with […]

Germany: Court Rules Costs for In Vitro Fertilization of Infertile Woman in Same-Sex Partnership Are Tax-Deductible

(Jan. 25, 2018) In a decision published on January 3, 2018, the German Federal Fiscal Court (Bundesfinanzhof, BFH), the supreme court in tax and customs matters, held that costs for in vitro fertilization (IVF) incurred by an infertile woman in a same-sex partnership are tax-deductible, reversing a lower court ruling. (BFH, Oct. 5, 2017, Docket No. VI […]

China: New Rules Increase Restrictions on Overseas Cash Withdrawals

(Jan. 24, 2018) On December 29, 2017, China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), issued a circular regulating overseas cash withdrawals using Chinese bank cards. (Guojia Waihui Guanliju Guanyu Guifan Yinhangka Jingwai Da’e Tiqu Xianjin JIaoyi de Tongzhi [SAFE Circular on Regulating Large Overseas Cash Withdrawals on Bank Cards] (SAFE Circular) […]

China: Tobacco Leaf Tax and Vessel Tonnage Tax Laws Passed

(Jan. 19, 2018) On December 27, 2017, in its last session of 2017, the Standing Committee of the National People’s Congress of China (NPC) adopted laws regulating the taxation of tobacco leaves and the taxation of vessel tonnage. (Zhonghua Renmin Gongheguo Yanye Shui Fa (Dec. 27, 2017), NPC website; Zhonghua Renmin Gongheguo Chuanbo Dunshui Fa […]