Latest

Europe

Isle of Man to extend tax payment and filing deadlines for business on a case-by-case basis in response to Coronavirus emergency: Isle of Man→

Americas

Canada defers payment of income tax for businesses, defers SME audits, in response to COVID-19: Government of Canada→

Asia-Pacific

Australia increases the number of data validations required before computer system accepts country-by-country reports: Australian Taxation Office→

Asia-Pacific

Australia updates guidance on interpreting tax treaties: Australian Taxation Office→

Europe

Netherlands enacts tax measures in response to COVID-19

March 19, 2020

Jian-Cheng Ku and Rhys Bane of DLA Piper Nederland N.V., discuss measures announced by the Dutch government on March 12 and March 17 in response to the COVID-19 pandemic . .

Asia-Pacific

Australian High Court clarifies definition of “associate” in BHP Billiton tax dispute

March 19, 2020

Paul McNab, a Tax Controversy Partner at PwC Sydney, discusses the March 11 decision High Court of Australia in BHP Billiton Limited v Commissioner of Taxation [2020] HCA 5) where the Court addresses the definition of “associate” for tax purposes . . .

Europe

Norway adjusts loss carryback and VAT rules, postpones tax payments, in response to COVID-19: KPMG→

March 19, 2020

Europe

France enacts emergency tax measures in response to coronavirus epidemic

Pascal Luquet and Mickaël Duquenne of Grant Thornton Société d’Avocats, Neuilly-sur-Seine, discuss emergency tax measures, announced by the French General Directorate of Public Finance, enacted in response to the coronavirus epidemic. . .

Americas

Responding to COVID-19 pandemic, US postpones income tax payment due date to July 15 for up to 1 million in tax, filing due date unchanged: Internal Revenue Service→

Europe

Iceland plans to extend tax deadlines, may reduce taxes in response to COVID-19 epidemic: Government of Iceland→

Europe

Ireland announces tax measures to help SMEs experiencing cash flow difficulties from COVID-19: Irish Tax and Customs→

Asia-Pacific

New Zealand proposes tax measures in response to COVID-19 outbreak: New Zealand Inland Revenue→

Asia-Pacific

UAE announces tax relief in response to coronavirus: KPMG→

Asia-Pacific

Australia changes instant asset write off threshold, accelerates depreciation, defers tax payments in response to coronavirus emergency: Prime Minister of Australia→

Americas

US releases 2nd quarter update to priority tax guidance plan: US Department of Treasury→

March 16, 2020

Nigeria’s Tax Appeal Tribunal decides Prime Plastichem transfer pricing case

March 16, 2020

Chizaram Modline Oparaji of Deloitte Middle East, Dubai, discusses a Nigerian Tax Appeal Tribunal decision, delivered February 19, finding in favor of the tax authority in a dispute over Prime Plastichem Nigeria Limited’s transfer pricing method . . .

Poland issues controversial transfer pricing risk assessment rules

March 12, 2020

Dr. Monika Laskowska of the Center of Tax Analyses and Studies at Warsaw School of Economics discusses new Polish rules requiring multinational groups to disclose additional information to the tax office for use in transfer pricing risk assessment . . .

Europe

UK Budget 2020: an overview of the tax proposals

March 11, 2020

Nimesh Shah, a Partner at Blick Rothenberg, London, provides an overview of the tax changes introduced in the UK budget, released today . . .

Europe

Norway proposes new withholding tax on some related-party payments

March 11, 2020

Michael Vorndran of Nord Advisory AS, Oslo, discusses a Norway Ministry of Finance proposal, issued on February 27, for a 15% withholding tax on interest, royalty, and lease payments to non-resident related parties. . . .

Europe

Gibraltar issues MAP Guidance: Gibraltar Income Tax Office→

March 11, 2020

Africa

OECD releases 79 public comments responding to review of country-by-country reporting scheme

March 9, 2020

The OECD today released 79 comment letters it received in response to its consultation on a 2020 review of the country-by-country reporting rules . . .

Americas

Maryland Senate passes digital advertising tax bill: James M. Cain, Ben Marzouk / Eversheds Sutherland→

March 9, 2020

Americas

Maryland’s proposed digital advertising tax draws criticism at hearing: Eversheds Sutherland→

Digital Economy

The Vodafone and Tesco Global decisions: no triumph for EU digital services tax supporters

Dr. Leopoldo Parada, Lecturer in Tax Law at the University of Leeds School of Law, discusses March 3 CJEU decisions in cases brought by Vodafone and Tesco Global which could affect the legality under EU law of digital services taxes . . .

Europe

Portugal adopts BEPS multilateral instrument to fight tax avoidance

Portugal has deposited its instrument of ratification of . . .

Asia-Pacific

Georgia transfer pricing: what multinational groups need to know

Gela Barshovi, Tax Advisor and Managing Partner at TPsolutions, Tbilisi, Georgia, provides an overview of Georgia transfer pricing laws and the Georgia tax administration’s practices regarding transfer pricing . . .

Europe

Irish minister says he still needs to be convinced of the need for a coordinated minimum tax on multinational group income: Minister Paschal Donohoe / Irish Tax Institute→

Europe

EU General Court to this week hear Amazon challenge to EU Commission finding’s that Luxembourg tax ruling granted State aid: Foo Yun Chee / Reuters→

Asia-Pacific

Synthesized text of Belgium-Australia tax treaty as modified by MLI published: Australian Taxation Office→

Africa

South Africa 2020 Budget proposes new limits on interest deductions, loss carry-forwards