World Tax Advisor

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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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5 June 2020

Featured Articles

  • Italy introduces additional tax measures in response to COVID-19
     

Brazil

  • Draft bill proposes new tax on digital operations
  • STJ rules technical service fees are exempt from WHT under treaty with France

Czech Republic

  • Supreme Administrative Court rejects tax authorities’ practice of tax loss chaining

Hong Kong

  • Tax exemption for subsidies under the Anti-epidemic Fund announced

India

  • Supreme Court rules liaison office’s activities do not constitute PE under UAE treaty
  • ITAT rules equipment and services are composite contract, offshore supplier has PE

New Zealand

  • COVID-19: Common questions in relation to wage subsidy and loan schemes
  • Proposed tax-related amendments to the Overseas Investment Act 2005

Thailand

  • Customs Department further extends voluntary disclosure program

Ukraine

  • President signs BEPS tax reform into law

United States

  • COVID-19 guidance addresses PPP loans, NOL carrybacks, alternative energy projects
  • House approves Paycheck Protection Program enhancements
5 June 2020

Archive

29 May 2020
French tax authorities publish draft guidelines on DAC 6 hallmarks

22 May 2020
Saudi Arabia’s VAT rate to increase to 15% from 1 July 2020

15 May 2020
Peru extends tax loss carryforward period for corporations in response to COVID-19

8 May 2020
OECD issues permanent establishment considerations due to COVID-19

1 May 2020
Peru introduces new valuation method for taxable indirect share transfers

24 April 2020
Bahrain issues guidance on mutual agreement procedure

17 April 2020
Luxembourg may deny deductions for payments to certain related entities in EU black listed countries

10 April 2020
Hong Kong tax authorities issue updated guidance on taxation of e-commerce transactions and digital assets

3 April 2020
India introduces equalization levy on e-commerce supply or services

27 March 2020
United Kingdom issues updated draft legislation and guidance on digital services tax

20 March 2020
India’s AAR denies capital gains exemption under tax treaty with Mauritius

13 March 2020
Singapore’s Budget 2020 extends a number of tax incentives

6 March 2020
Malaysian tax legislation enacted, including changes affecting Labuan entities

28 February 2020
New version of Venezuelan tax code includes changes to exemptions, tax administration

21 February 2020
OECD report on transfer pricing of financial transactions released

14 February 2020
OECD public consultation document released on review of CbC reporting minimum standard

7 February 2020
OECD issues statement on two-pillar approach to tackling tax challenges of digitalization

31 January 2020
Mexico’s 2020 Omnibus Tax Resolution incorporates recently enacted cross-border tax rules

24 January 2020
Curaçao’s new tax legislation introduces territorial tax system

17 January 2020
Ecuador enacts Tax Simplicity and Progressivity Law

10 January 2020
Israeli court rules business model change not necessarily sale of functions, assets and risks

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