April 30, 2021

Featured Articles

• White House proposes tax hikes on high-income individuals in “American Families Plan”
   

British Virgin Islands

• Reporting deadlines extended due to portal issues

Canada

• Highlights of international tax measures in 2021-2022 federal budget

Cayman Islands

• Updates regarding DITC portal and CRS and FATCA compliance

France

• Ruling issued on VAT refunds for rebates paid by pharmaceutical companies

India

• Foreign company not taxable on reimbursement of expenses for seconded employees

Ireland

• New electronic professional services withholding tax system planned from 1 July 2021

OECD

• Report published on sharing and gig economy and VAT/GST policy and administration

Oman

• Guidance on VAT registration by nonresidents released, as VAT introduced

Spain

• Final regulations implementing DAC 6 published
• Highlights of domestic legislation implementing ATAD II

Tax treaty round up

• Recent developments with respect to the following tax treaties: Brazil-Switzerland, China-Spain, Denmark-Ukraine, Estonia-Mauritius, Germany-Netherlands, Germany-Singapore, Hong Kong-Macao, Hong Kong-Serbia, India-Iran, Malta-Russia, and Saudi Arabia-Switzerland.
  

Archive

April 23, 2021
Canada’s 2021-2022 federal budget includes tax measures relevant for multinationals

April 16, 2021
Netherlands publishes consultation on changes to tax classification rules for certain entities

April 2, 2021
Inland Revenue Authority of Singapore issues transfer pricing guidance on centralized activities in MNE groups

March 26, 2021
India’s Supreme Court rules payments to nonresidents for imported software are not royalties

March 19, 2021
CJEU confirms VAT on intraentity supplies across EU member states if VAT group exists

12 March 2021
Key measures from UK Spring Budget 2021 for non-UK owned groups

5 March 2021
CJEU upholds French tax credit calculation

26 February 2021
Clarification needed from Mexico’s tax authorities on deductibility of expenses relating to telework

19 February 2021
German MOF publishes decree on extraterritorial taxation of royalties and IP transfers

12 February 2021
Overview of updated transfer pricing administrative guidance from German tax authorities

5 February 2021
Spain’s 2021 budget law includes measures affecting companies, individuals, and nonresidents

29 January 2021
OECD issues updated guidance on the tax treaty implications of the COVID-19 pandemic

22 January 2021
Luxembourg tax authorities release guidance on interest limitation rules

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