Category Taxation In Europe

Irish Authority Tacking Down Airbnb Incomes

September 19, 2018 Taxation in Ireland

airbnb in irelandDUBLIN – 12 000 taxpayers in Ireland are being asked if they have paid all taxes owing on their Airbnb incomes.

The Revenue Commissioners of Ireland is sending out letters to thousands of homeowners in the country who are using Airbnb to rent out their properties.

As many as 12 000 taxpayers across the country will soon receive letters reminding them that if they rented out their properties on the popular short-term letting site they may be liable to pay taxes on any of their derived incomes.

Any incomes made from Airbnb must be declared, or the taxpayer will be liable to pay fines and penalties on top of the owing interest.

The letters are being sent based on information obtained from Airbnb regarding rentals over the course of 2014, 2015, and 2016.

Neither the Revenue Commissioners ...

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France Eases Back From Exit Tax

September 17, 2018 Taxation in France

France Exit TaxPARIS – France is watering down its punitive tax on the assets of wealthy individuals who leave the country.

The government of France is altering the conditions of its infamous “exit tax” and limiting the conditions under which ex-taxpayers of France are liable to pay a tax on the capital appreciation of their assets.

Previously, individuals who left France, and subsequently transferred their domicile for tax purposes, were liable to face an effective tax rate of 30 per cent on their capital gains for a period of 15 years.

The time limit for the tax has now been shifted to a mere 2 years.

The tax is applicable to individuals who have previously lived in France for 6 consecutive years, and have either a 50 per cent shareholding in a company moved to France or at least EUR 800 000 in ...

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Ireland Employs AI in Tax Call Centre

September 11, 2018 Taxation in Ireland

AI taxDUBLIN – Irish taxpayers will soon be chatting to robots to get basic information about their taxes.

The Office of the Revenue Commissioners of Ireland has announced that it is working on a new project to introduce artificial intelligence to its call centres to provide virtual assistance to taxpayers.

The new pilot project will involve the use of voice recognition technology to understand the requests and questions of taxpayers calling the tax authority.

It is hoped that the system will provide more effective and quicker delivery of routine information to callers.

The AI system is not yet intended to replace call centre staff dealing with individualised and complex queries.

Commenting on the implication of implementing the new technology, the CIO of the Office of the Revenue Commission...

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Beer Brewers Want Consistent Taxation in EU

August 31, 2018 Taxation in EU

Beer brewingBRUSSELS – European beer brewers are calling for a consistent taxation which only considered the ingredients used to brew the beer and not those used after fermentation.

On August 29th the brewery advocacy group Brewers of Europe issued a statement urging the European Commission to reconsider its stance on the taxation of beer brewing, in order to ensure that the rules are consistent with a European Court decision.

Earlier this year, the European Court of justice clarified that it supports the use of the Degrees Plato system instead of ABV when calculating the excise duties on beer.

The ABV system is a measure of the alcohol by volume in a beer, while the Degrees Plato system takes into account the total fermentable sugar used in the production of a beer.

The confirmation was intended t...

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Taxman Comes After France’s Salt

August 30, 2018 Taxation in France

Salt taxPARIS – French politicians are eyeing up a tax to reduce salt consumption in France, which currently sees twice as much salt being eaten every day than recommended.

Group of parliamentarians in France are launching a push to tax salts being added to foods and prepared meals sold in France.

The group of 20 MPs are all part of a committee which has been tasked with carrying out an inquiry on industrial food production in France.

Previously France has sought to encourage manufacturers to reduce the use of salt in food preparation via voluntary agreements.

However, after more than a decade, the salt-reduction targets have not been met.

The committee is now expected to push for a salt tax to be enacted, however, the exact details of how such a tax would work will not be known until the re...

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