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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10 July 2020

Featured Articles

  • Czech Republic approves introduction of tax loss carryback rules
     

Austria

  • Draft COVID-19 tax stimulus package approved by lower chamber of parliament
  • Reduced VAT rate adopted for certain industries affected by COVID-19

Colombia

  • DIAN rules on nature and tax treatment of branch profits under Colombia-Spain treaty

Denmark

  • Supreme Court rules in taxpayer's favor in landmark transfer pricing royalties case

Dominican Republic

  • Voluntary asset disclosure and tax amnesty program modified

European Union

  • Optional deferral of DAC 6 reporting deadlines: Overview of member states' positions
  • Scope of state aid temporary framework extended, list of approved measures published

Hong Kong

  • IRD issues guidance on unified tax exemption regime for funds

India

  • ITAT rules on treatment of training as educational activity for charitable purposes

New Zealand

  • R&D tax credits - Latest developments and key considerations

United States

  • New coronavirus (and other) guidance issued
  • Trading partners to proceed with digital tax discussions, with or without the US
10 July 2020

Archive

26 June 2020
Israeli tax authorities reaffirm position regarding burden of proof in transfer pricing audits

19 June 2020
India’s AAR rejects applications to confirm capital gains exemption under Mauritius treaty

12 June 2020
United States Trade Representative opens new investigations into digital services taxes

5 June 2020
Italy introduces additional tax measures in response to COVID-19

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

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