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World Tax Advisor

A world of news with tax@hand.

World Tax Advisor presents tax news, commentary and insights from around the world, including a once-monthly tax treaty update, written by professionals of the member firms of Deloitte and focusing on analyses of cross-border tax developments that reflect the dynamic business environment faced by multinationals. This weekly newsletter links readers directly to top stories reported on Deloitte tax@hand, Deloitte’s global tax news and information resource for tax and business professionals.

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January 22, 2021

Featured Articles

  • Luxembourg tax authorities release guidance on interest limitation rules
  • Italy enacts 2021 budget law, including tax incentives to encourage investment
     

Belgium

  • Key features of 2021 transfer pricing audit cycle

Cayman Islands

  • Additional economic substance reporting updates and reminders issued

China

  • Tax incentives updated to boost the integrated circuit and software sectors

Cyprus

  • Ultimate beneficial owner register implemented

Germany

  • Draft law approved by government would not mitigate extraterritorial taxation issues
  • Germany and UK update existing tax treaty and announce plan for further amendments

India

  • High Court rules reimbursed hotel and travel expenses of seconded employees not FTS
  • ITAT rules nonresident making offshore supplies had business connection and PE

Singapore

  • IRAS to participate in International Compliance Assurance Programme as from 2021

Taiwan

  • Foreign wind energy players: Local tax regime offers various WHT mitigation options

United States

  • Final 163(j) regulations: Provisions for domestic C corporations, consolidated groups
  • Partnership interests held in connection with performance of services: Final regs
January 22, 2021

Archive

15 January 2021
Peru’s new law introduces modified tax incentives for agricultural sector

8 January 2021
OECD guidance on transfer pricing implications of COVID-19 pandemic released

18 December 2020
French tax authorities publish final version of DAC 6 guidelines

11 December 2020
Australian Taxation Office releases updated guidance on advance pricing arrangements

4 December 2020
Malaysia: Finance Bill 2020 includes various tax measures beyond those in 2021 budget speech

20 November 2020
Regional Comprehensive Economic Partnership agreement signed

13 November 2020
Australian taxpayer wins transfer pricing case in Full Federal Court decision

6 November 2020
Spain enacts digital services tax

30 October 2020
Spain enacts financial transaction tax

23 October 2020
Luxembourg’s draft 2021 budget law presented to Chamber of Deputies

16 October 2020
OECD Pillar One blueprint on nexus, profit allocation challenges of digitalization issued

9 October 2020
French government releases 2021 draft finance bill

2 October 2020
Mexico releases 2021 tax reform package

25 September 2020
Kenya issues draft digital services tax regulations

18 September 2020
Netherlands 2021 budget includes significant corporate income tax changes

4 September 2020
Guide to fiscal information: Key economies in Africa 2020

21 August 2020
Australian tax authorities outline concerns over arrangements to avoid interest withholding tax

7 August 2020
Italian Supreme Court rules on beneficial owner concept under EU interest and royalties directive

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