Category Archives: Steuern International

WORLD TAX ADVISOR 18 DECEMBER2020

18. December 2020 Marketing

France: Tax authorities publish final version of DAC 6 guidelines
Australia: ATO finalizes long-awaited transfer pricing guidance on interest-freee loans
Australia: Significant reforms to foreign investment rules enacted
Canada: Sales tax and the digital economy: Summary of recent changes
India: High Court confirms discount on options granted under an ESOP is deductible
Italy: Guidance issued on implementation of DAC 6
Taiwan: Draft amendments to Biotech and New Pharmaceutical Development Act announced
United Kingdom: Guidance on post-transition period indirect taxation issues released
United States: Additional TCJA guidance released
United States: GILTI high-tax exception corrections released
United States: Unrelated business taxable income “silo” rules clarified in final regulations
Tax treaty round up

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

WORLD TAX ADVISOR 11 DECEMBER2020

11. December 2020 Marketing

Australia: Taxation Office releases updated guidance on advance pricing arrangements
European Union: AG opines that Belgian excess profit rulings constituted an aid scheme
European Union: ECOFIN confirms support for information reporting by online platforms
European Union: AG opines that Finnish tax law is contrary to EU law
France: Statute of limitations for bringing tax cases before a court clarified
Germany: Lower tax court interprets anti-treaty shopping rule in light of CJEU decisions
India: Revised procedure for processing FDI proposals requiring government approval issued
Indonesia: Minister of Finance issues R&D super deduction implementing regulation
Japan: Tax impacts of offering digital services to customers post-COVID
Luxembourg: Circular clarifies how to apply participation exemption regime to Gibraltar entities
Netherlands: Supreme Court rules participation exemption does not apply to uncovered call options
New Zealand: Restricted transfer pricing: Evolving complexitites
Portugal: Government introduces new levies on digital services
United Kingdom: Supreme Court gives judgement on limitation issues in FII GLO
United States: Treasury releases additional TCJA guidance

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

WORLD TAX ADVISOR 4 DECEMBER2020

4. December 2020 Marketing

Malaysia: Finance Bill 2020 includes various tax measures beyond those in 2021 budget speech
Germany: Draft law would mitigate issues related to extraterritorial taxation
Australia: More businesses to qualify for full expensing of depreciating assets
Belgium: Reovery reserve measure adopted by parliament
Cayman Islands: Economic substance reporting updates released
El Salvador: Tax considerations to December 2020 payroll
European Union: European Commission consults on extension of DAC to cryptoassets and e-money
Germany: Draft law proposes changes to anti-treaty shopping rules
India: Extension of mandatory GST e-invoicing as from 1 January 2021 announced
India: ITAT rules nonresident liable to penalty for not preparing transfer pricing records
India: ITAT rules share premium account utilized to set-off losses not profit subjected to MAT
Portugal: Draft budget law for 2021 proposes amendments to permanent establishment rules
Singapore: OECD Pillar Two blueprint: A Singapore perspective
Sweden: Supreme Administrative Court provides guidance on assessment of “real” establishment
United Arab Emirates: MOF conducts information sessions on CbC reporting requirements
United States: Deductibility of business expenses paid with forgiven PPP loan proceeds clarified

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

WORLD TAX ADVISOR 20 November 2020

20. November 2020 Marketing

Asia-Pacific: Regional Comprehensive Economic Partnership agreement signed
Austria: SAC rules third-country insurers and pension funds entitled to dividend WHT refund
France: 2021 draft finance bill would reverse nonresident withholding tax reform proposal
France: Court broadly interprets 50% tax exemption for certain inpatriate investment income
Germany: MOF modifies definition of “supply of goods with installation”
India: CBDT amends deadlines under Direct Tax Vivad se Vishwas Act, 2020
Malaysia: Highlights of Budget 2021 include incentive measures to attract foreign ivestment
Mexico: Legislation proposed to limit subcontracting would have tax implications
Taiwan: Eligibility for deemed profit treatment clarified
United States: IRS guidance addresses deductibility of SALT payments by passthroughs
Uruguay: Government amends investment promotion regime
Tax treaty round up

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

WORLD TAX ADVISOR 13 November 2020

13. November 2020 Marketing

Australia: Taxpayer wins transfer pricing case in Full Federal Court decision
Albania: Overview of guidance on new fiscalization rules affecting invoicing procedures
Cayman Islands: Portal now available for CRS and FATCA registration and reporting purposes
Cyprus: Tax residence and permanent establishment rules clarified
Czech Republic: Implementation of EU directive provides a new option for tax dispute resolution
France: VAT grouping regime proposed
Germany: COVID-19: Extension of relief measures for certain cross-border commuters
Germany: MOF decree describes filing obligations in connection with extraterritorial taxation
Germany: Upper house of parliament approves ratification of MLI
India: Overview of interaction of equalization levy GST on certain e-commerce supplies
Israel: Draft bill would revise and expand scope of transfer pricing obligations
New Zealand: Inland Revenue guidance on cryptoassets
New Zealand: Tax policy of new government
Singapore: Overview of OECD report on taxation of virtual currencies
United States: A change in course: Tax policy implications of a Joe Biden presidendy

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

WORLD TAX ADVISOR 6 November 2020

6. November 2020 Marketing

Spain: Digital services tax enacted
Australia: Clarification of the corporate residency test
France: Gifts up to EUR 100,000 temporarily exempted from tax
Guatemala: SAT has begun requesting semented financial statements for transfer pricing purposes
India: High Court rules new tax treaty provision repeals and replaces earlier provision
India: Scope of “faceless” proceedings expanded
Japan: Can Japan attract international financial firms and their high-earning executives?
OECD: New methodology released for BEPS action 13 peer reviews
Oman: VAT Law published
United Arab Emirates: Court allows late payment penalties on voluntary disclosures
United Arab Emirates: Economic substance notification and report templates issued
United States: IRS issues guidance on restricting telescoping in MAP and APA cases
United States: Retirement bill introduced as sequel to SECURE Act

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

WORLD TAX ADVISOR 30 OCTOBER 2020

30. October 2020 Marketing

Spain: Financial transaction tax enacted
Australia: Tax loss carry back legislation passed
Colombia: Tax authoritites for applying mutual agreement procedure
Czech Repbublic: Uncertainty regarding implementation of digital services tax continues
Egypt: Unified tax procedures law introduced
El Salvador: Tax authorities are focusing on deductibility of payments for services
France: Court rules long-term capital gains tax paid by certain EU companies violates EU law
Hong Kong: IRD updates guidance in light of new accounting standard on revenue recognition
India: ITAT rules that rax deducted from nontaxable offshore supplies is eligible for refund
Indonesia: DPR passes draft Omnibus Law for improvement of business climate
Netherlands: Supreme Court rules on WHT refund regime for nonresident FIIs
Oman: Amendments to income tax law announced
Taiwan: Draft amendments to Business Merger and Acquisitions Act proposed
United States: Deadlines to preserve right to request competent authority assistance
United States: Summary of final consolidated return regulations addressing recent NOL rule changes
Tax treaty round up

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

WORLD TAX ADVISOR 23 OCTOBER 2020

23. October 2020 Marketing

Luxembourg: 2021 budget law draft presented to Chamber of Deputies
Czech Republic: Real estate transfer tax abolished
Egypt: Amendments to stamp tax and income tax laws affect dividends and sales to securities
France: R&D credit deduction does not imply transfer of benefit between group companies
Hong Kong: Overview of potential implications of BEPS Pillar Two proposals
India: CBDT issues guidance on application of TDS/TCS to e-commerce transactions
India: Legislation enacted to extend compliance deadlines and defer some FA 2020 measures
India: CBDT notifies Faceless Appeal Scheme, 2002
Ireland: Finance Minister announces Budget 2021
Mexico: Certain tax planning arrangements to be reported retroactively as from 1 January 2021
OECD: Highlights of Pillar One and Pillar Two blueprints issued for public consultation
Portugal: Implementation of DAC 6 reporting obligations postponed
Singapore: Summary of responses to public consultations on draft income tax and GST bills issued
United States: Disposition of certain partnership intetests: Highlights of final regulations
United States: Tax function’s role in COVID-19 recovery

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

World Tax Advisor 16 October 2020

16. October 2020 Marketing

OECD: Pillar One blueprint on nexus, profit allocation challenges of digitalization issued
OECD: Pillar Two blueprint on a global minimum tax issued
Australia: Corporate tax residency definition to be amended
Czech Republic: Tax outlook for 2021
European Union: CJEU rules Romanian TP law on transactions between branch, HO complies with EU law
Finland: Guidance on TRACE investor self-declaration released
Germany: Lower house of parliament approves ratification of MLI
India: Legislation enacted to extend compliance deadlines and defer some FA 2020 measures
India: Policy for foreign district investment in defense sector amended
Luxembourg: CJEU AG issues preliminary VAT ruling on provision of vehicles to nonresident staff
Norway: Budget proposal includes WHT on certain interest, royalty, and lease payments
OECD: Report published on taxation of virtual currencies
Oman: CbC reporting requirements introduced for multinational enterprises
United States: New guidance includes final regulations addressing partnership withholding issues

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

World Tax Advisor 9 October 2020

9. October 2020 Marketing

France: Draft finance bill 2021 released
Australia: Federal Budget 2020-21 focuses on investment and employment
Brazil: Temporary reduction of IOF-Credit rate extended for second time
Costa Rica: Covernment proposes plan to overcome impact of pandemic
El Salvador: Transfer pricing review procedures expected to intensify due to impacts of COVID-19
European Union: CJEU rules recipient of order to provide tax information may challenge validity
European Union: EU amends list of noncooperative jurisdictions
Germany: Lower tax court rules on RETT exemption for intragroup restructurings
Saudi Arabia: GAZT issues MAP guidance
Singapore: Guidance on tax treatment of foreign exchange gains and losses for businesses updated
United States: More TCJA guidance released

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

World Tax Advisor 2 October 2020

2. October 2020 Marketing

Mexico: 2021 tax reform package released
Egypt: Tax exemption for certain interest income cancelled
El Salvador: Overview of requirements for amended tax returns to be accepted as definitive returns
European Union: EU Commission to appeal General Court’s ruling in Irish state aid case
Germany: Lower tax court rules on liabilities of company entering into liquidation process
Guatemala: Tax considerations relating to the offsetting of accounts payable and receivable
Hong Kong: Upfront lump sum spectrum utilization fees are capital in nature and nondeductible
Indonesia: Regulation provides reliefs for contributions to soical security program
Japan: Overview of Smart Customs Initiative 2020
Mexico: Mining sector tax reform proposed for 2021
New Zealand: Update on R&D Tax Incentive Regime
OECD: Third phase of peer reviews released on CbC reporting
Russia: Update on VAT developments (September 2020)
United Kingdom: Winter Economy Plan includes new COVID-19 support measures
United States: New guidance addresses slew of TCJA provisions

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

World Tax Advisor 25 September 2020

25. September 2020 Marketing

Kenya: Draft digital services tax regulations issued
Australia: Jobkeeper 2 rules released
Canada: Sales tax registration: Provinces are focusing on nonresidents
China: Tax administration issues guidance on COVID-19 effects on PEs and residency
Colombia: Finance Ministry issues regulations for “mega investments” regime
European Union: Commission approves Italian scheme to support large companies affected by COVID-19
Greece: State aid for audiovisual works addressed in new ministerial decision
Guernsey: Overview of economic substance pre-filing considerations
Hong Kong: Tax authorities commence transfer pricing documentation compliance reviews
Singapore: IRAS releases transfer pricing guidance for taxpayers affected by COVID-19
Singapore: Tax framework for variable capital companies published
Taiwan: R&D tax credits for education and training expenses of R&D personnel proposed
United States: Treasury, IRS release final and proposed guidance clarifying stock attribution rules
Tax treaty round up

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

World Tax Advisor 18 September 2020

18. September 2020 Marketing

Netherlands: 2021 budget includes significant corporate income tax changes
Chile: Master file and local file requirements published
Germany: COVID-19: Extension of relief measures for Belgium and France cross-border commuters
Hong Kong: Tax concession for carried interest: Long-awaited proposal released
India: Platform for transparent taxation introduced to reward honest taxpayers
India: Procedure for foreign pension funds to obtain income tax exemption announced
Ireland: Standard VAT rate reduced temporarily
Israel: Ruling on preferred technological enterprise status of entity offering cloud services
Italy: Legislation transposing DAC 6 into domestic law published
OECD: Tax policy reforms 2020 report released
Singapore: Further details of Jobs Growth Incentive (JGI) released
United Arab Emirates: Economic substance regulations amended and replaced
United States: Post-recess guidance update
United States: Tax policy decisions ahead: Implications of the 2020 presidential election
Venezuela: Municipalities ordered to adopt provisions of municipal tax harmonization agreement

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

Ein Blick über die Grenze: Bahnbrechende Verrechnungspreisentscheidung zur Abzugsfähigkeit von Lizenzzahlungen trotz Verlusten des Lizenznehmers

14. September 2020 Anna Steger

Immaterielle Wirtschaftsgüter, wie zB Markenrechte, können innerhalb des Konzerns gegen Zahlung von angemessenen Lizenzgebühren zur Nutzung überlassen werden. In Dänemark kam es kürzlich zu einer interessanten Entscheidung des Höchstgerichts, welches die Abzugsfähigkeit von Lizenzgebührenzahlungen entgegen der Auffassung des dänischen Finanzministeriums und trotz Verlusten des Lizenznehmers billigte. Continue reading Ein Blick über die Grenze: Bahnbrechende Verrechnungspreisentscheidung zur Abzugsfähigkeit von Lizenzzahlungen trotz Verlusten des Lizenznehmers →

Steuern International

Anwendung eines Progressionsvorbehalts auf Einkünfte im Quellenstaat

11. September 2020 Claudia Synek

Überblick.

Kürzlich befasste sich das österreichische Bundesfinanzgericht (BFG) mit der Frage, ob für die Festlegung des zur Anwendung kommenden Steuersatzes der abkommensrechtliche Progressionsvorbehalt auch dann anwendbar ist, wenn Österreich lediglich als abkommensrechtlicher Quellenstaat zu qualifizieren ist. In seinem Erkenntnis (RV/7100310/2020 vom 14.05.2020) vertritt das BFG die Auffassung, dass im abkommensrechtlichen Ansässigkeitsstaat (hier die Slowakei) erwirtschaftete Einkünfte bei einem in Österreich (nach innerstaatlichem Recht) unbeschränkt Steuerpflichtigen in die Basis für die Festlegung des Steuersatzes miteinzubeziehen sind. Die Verwaltungspraxis steht diesem Ansatz bislang grundsätzlich entgegen, es sei denn, der Progressionsvorbehalt ist ausdrücklich im Methodenartikel des jeweiligen Doppelbesteuerungsabkommens (DBA) verankert. Continue reading Anwendung eines Progressionsvorbehalts auf Einkünfte im Quellenstaat →

Steuern International

EAS 3424: Keine Wegzugsbesteuerung für Betriebsstättenvermögen iZm dem Wirksamkeitsbeginn des neuen DBA Japan mit 1.1.2019

9. September 2020 Nicol Schrammel

Mit dem Wirksamkeitsbeginn des neuen Doppelbesteuerungsabkommen (DBA) Japan am 1.1.2019 verliert Österreich die Möglichkeit, Betriebsstätten österreichischer Unternehmen in Japan zu besteuern. In der EAS 3424 vom 27.5.2020 nimmt das BMF zur Frage Stellung, ob dies unmittelbar eine Wegzugsbesteuerung auslöst. Continue reading EAS 3424: Keine Wegzugsbesteuerung für Betriebsstättenvermögen iZm dem Wirksamkeitsbeginn des neuen DBA Japan mit 1.1.2019 →

Steuern International

World Tax Advisor – September 4, 2020

4. September 2020 Marketing

Africa: Guide to fiscal information: Key economies in Africa 2020
Australia: ATO highlights concerns over multiple entry consolidated groups avoiding CGT
China: Guidance issued on tax measures for development of the Hainan Free Trade Port
Colombia: Finance Ministry issues regulations on taxation of indirect share transfers
European Union: Commission’s first report on ATAD implementation issued

Continue reading World Tax Advisor – September 4, 2020 →

Steuern International

World Tax Advisor 21 August 2020

21. August 2020 Marketing

Australia: Tax authorities outline concerns over arrangements to avoid interest withholding tax
India: Detailed guidance on mutual agreement procedure issued
Africa: Digital services tax in Africa: The journey so far
Australia: Guidance issued on thin capitalization arm’s length debt test
Cayman Islands: Economic substance guidance version 3.0 reloaded
Colombia: Guidance issued on income tax credit for VAT paid on productive tangible fixed assets
Cyprus: Parliament passes amendments to tax treatment of intangible assets
Czech Republic: Supreme Administrative Court rules on statute of limitations
European Union: European Commission proposals require exchange of information from online platforms
Greece: R&D expense super deduction increased to 100%
India: GST e-invoicing mandatory as from 1 October 2020, SEZ units excluded
Saudi Arabia: VAT amnesty extended through 30 September 2020
Singapore: IRAS issues guidance on tax treatment of various COVID-19 support measures
Taiwan: Ruling allows 2020 provisional income tax payments deferral in response to COVID-19
United States: Regs address partnership interests held in connection with performance of services
United States: Transfer pricing: How inbound companies can recover and thrive during COVID-19
Tax treaty round up

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

World Tax Advisor 7 August 2020

7. August 2020 Marketing

Italy: Supreme Court rules on beneficial owner concept under EU interest and royalties directive
Brazil: Draft Brazilian tax reform bill proposes elimination of PIS/COFINS and creation of federal VAT
Australia: Foreign investment reforms: Draft legislation released by Treasury
Canada: COVID-19: Extension of Canada Emergency Wage Subsidy
Cyprus: EU anti-tax avoidance directive provisions adopted
El Salvador: New requirements effective for report on suppliers, customers, creditors, and debtors
European Union: EU VAT e-commerce package postponed until 1 July 2021
France: Third amended finance bill becomes law
Greece: COVID-19: Clarification of the tax residence status of individuals and legal entities
Hong Kong: Inland Revenue Department issues revised guidance on advance pricing arrangements
India: Losses may be carried forwart and offset after subtrusts convert to subfunds of LLC
Indonesia: Further businesss sectors eligible for tax incentives during COVID-19 pandemic
Spain: Constitutional Court declares certain minimum CIT advantace payments unconstitutional
United Arab Emirates: Economic substande considerations for reporting purposes
United Kingdom: Guidance published on processes for moving goods between Great Britain and the EU
United States: New regulations address carried interests, businesss interst deduction limitation

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.

Steuern International

World Tax Advisor 24 July 2020

24. July 2020 Marketing

European Union: CJEU AG opines recipient of order to provide tax information may challenge validity
European Union: European Commission releases package for fair and simple taxation
Finland: Guidance on new Register of Authorized Intermediaries released
India: ITAT rules sales made by nonresident via local subsidiary create business connection
India: ITAT rules that general anti-avoidance rule may not be applied retroactively
India: Scope of infrastructure eligible foincome tax exemption for SWFs broadened
Indonesia: Regulation provides rules for listed companies to benefit from reduced CIT rate
Japan: Overview of opportunities for utilization of tax losses
OECD: OECD publishes final model reporting rules for sharing and gig economy platforms
Poland: Taxpayer “white list” amended
Saudi Arabia: GAZT releases second edition of transfer pricing guidelines
Singapore: New law allows transfer of tax incentive awards, enhances investment allowance scheme
United States: Income subject to high rate of foreigntax: Final and proposed regulations released
United States: Summary of final FDII regulations under section 250

For the latest developments from various countries on measures in response to COVID-19, please visit the Deloitte tax@hand COVID-19 page.