BDO Corporate Tax News (former World Wide Tax News) summarises recent tax developments of international interest across the world. The newsletter highlights the latest tax news with an emphasis on corporate international tax. See all the topics from the links below.
In this month’s issue:
- Australia: ATO finalises its compliance approach to the imported hybrid mismatch rule
- Belgium: Special tax regime for expatriates amended
- Cyprus: Withholding tax introduced on payments to companies in low-tax jurisdictions
- European Union: Proposal for preventing misuse of shell entities unveiled
- India: Budget 2022 includes rules on tax treatment of crypto-currency
- Italy: Budget law 2022 includes changes to new super deduction
- International: OECD releases Pillar One model rules for public consultation
- International: Corporate tax bytes
- International: COVID-19-related updates
- Japan: 2022 tax reform proposals would expand scope of earnings stripping rules to foreign entities
- Luxembourg: Investment funds required to confirm absence of Luxembourg real estate holdings
- Malaysia: Tax exemption for foreign-source income temporarily extended
- Myanmar: Update on corporate tax rate, financial year change and e-filing
- The Netherlands: Tax accounting impact of enacted income tax measures
- South Africa: Supreme Court of Appeal rules on the deductibility of a contribution to a share scheme
- Switzerland: Code of Conduct Taxation 2021 Released
- Turkey: Corporate income tax rate cut for manufacturers/exporters, dividend withholding tax rate reduced
- United Arab Emirates: Corporate tax to be introduced in the UAE
- United States: Final foreign tax credit regulations issued
- United States: IRS and Treasury issue final Sec. 958 regs and proposed PFIC regs characterising domestic partnerships as aggregates for some purposes