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:
- European Union - Draft directive aims to reduce bias that favours debt financing
- OECD - Impact of the OECD Pillar Two model rules on natural resource companies
- Australia - Budget 2022-23 measures affecting businesses
- Cambodia - New law aims to attract investors
- Canada - CRA position on income tax implications of cryptocurrency transactions
- Canada - Highlights of 2022 budget measures affecting businesses
- Canada - Details and impact of proposed interest deductibility rules
- Chile - U.S. tax treaty ratification moves forward
- Estonia - Agreement reached to postpone Estonia’s implementation of the global minimum tax
- European Union - EU Finance Ministers consider amended directive for implementation of Pillar Two, but no unanimous agreement
- Germany - Expanded reporting obligations for German entities affect ultimate beneficial owners
- Hong Kong - 2022/23 Budget includes measures to implement BEPS 2.0
- International - Corporate tax bytes
- Italy - Implementing rules for the new super deduction released
- Kuwait - Income tax on Kuwait-registered branches of GCC banks proposed
- Luxemboug - Capital contribution without share issuance does not increase acquisition price for purposes of participation exemption
- OECD - Pillar Two rules could have lasting impact on MNE groups
- Singapore - 2022 Budget includes announcement on Pillar Two minimum effective tax rate
- Spain - Interaction of new minimum tax with Pillar Two and summary of White Paper on international tax
- Uganda- Definition of beneficial ownership may be expanded
- United Arab Emirates - Ministry of Finance launches public consultation on proposed corporate tax regime
- United States - FY 2023 budget plan proposals affecting corporate businesses
- United States - Important cryptocurrency related proposals included in 2023 budget proposal