Mit Jänner 2019 wurden die ersten Änderungen bestehender Doppelbesteuerungsabkommen (DBA) durch das Multilaterale Instrument (Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting – BEPS) anwendbar. Aufgrund weiterer MLI-Ratifizierungen seit unserem letzten Tax & Legal News Beitrag vom 7.8.2019 zu diesem Thema wächst die Liste der zukünftig anwendbaren MLI-Bestimmungen auf Österreichs DBA schrittweise. Ziel des MLI, eines Aktionspunktes der OECD BEPS-Initiative, ist die rasche, international abgestimmte und einheitliche Umsetzung diverser Anti-BEPS-Maßnahmen ohne langwierige bilaterale Neuverhandlungen der einzelnen DBA (siehe dazu auch unsere Tax & Legal News Beiträge vom 20.6.2017 und 17.1.2018). Continue reading BEPS: Update Anwendbarkeit MLI →

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World Tax Advisor 13 March 2020

13. March 2020 Marketing

Thee World Tax Advisor includes in particular:

Singapore: Singapore’s Budget 2020 extends a number of tax incentives
UK: Key measures from UK Spring Budget 2020 for non-UK owned groups
Belgium: Transfer pricing circular published
European Union: CJEU rules no requirement to offset prior tax losses after transfer of tax residence
European Union: CJEU rules Hungarian turnover tax in store retail trade sector compatible with EU law
Greece: Ministerial decision issued on alternative lump sum taxation for individuals
Singapore: New GST compliance measures announced and updated e-Tax guides issued
Taiwan: CRS financial institution portal launched
United Arab Emirates: Designated zones a focus for FTA audits
United States: Proposed regulations on meals, entertainment and fringe benefits released

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World Tax Advisor 6 March 2020

6. March 2020 Marketing

The World Tax Advisor includes in particular:

Malaysia: Malaysian tax legislation enacted, including changes affecting Labuan entities
Australia: Australia prognoses expanded definition of significant global entity
El Salvador: Tax and customs amnesty available
Germany: MOF publishes list of preferential tax regimes for purposes of royalty barrier rule
Greece: Offsetting pharmaceutical expenditure clawbacks with R&D and investment expenses
Hong Kong: 2020/21 budget contains limited tax measures
Hong Kong: Concessionary measures for ship leasing businesses announced
India: New provisions allow takeover offers by majority shareholders of unlisted companies
Israel: Supreme Court rules on calculation of taxable capital gain on sale of foreign shares
Norway: Consultation paper considers WHT on nonresident related party interest and royalties
OECD: Input requested on draft model reporting rules for sharing and gig economy platforms
United States: G-20 leaders express support for OECD project but hurdles remain

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World Tax Advisor 28 February 2020

28. February 2020 Marketing

The World Tax Advisor includes in particular:

Featured Articles: New version of Venezuelan tax code includes changes to exemptions, tax administration
Australia: Superannuation guarantee amnesty bill passed by parliament
Canada: Taxpayer victory in Alta case leaves important questions unanswered
Cayman Islands: Cayman Islands included on EU list of noncooperative jurisdictions
Germany: BFH rules on application of RETT intragroup exemption clause
Guernsey: New company tax return form requests information on economic substance
Israel: Tax authorities confirm applicability of preferred technological enterprise status
United States: Updated IRS forms implement centralized audit procedures for partnerships
Venezuela: VAT law amended to introduce “additional rate” for payments in foreign currency
Tax treaty round up: Recent developments with respect to the following tax treaties: Armenia-Denmark, Armenia-Malta, Cyprus-Kazakhstan, Ghana-Malta, Indonesia-Singapore, Ireland-Netherlands, Korea (ROK)-United Arab Emirates, Liechtenstein-Lithuania, and Mauritius-Senegal.

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World Tax Advisor 21 February 2020

21. February 2020 Marketing

The World Tax Advisor includes in particular:

OECD: OECD report on transfer pricing of financial transactions released
India: India introduces bill to implement new direct tax dispute resolution scheme
China: Emergency tax measures implemented to address novel coronavirus outbreak
European Union: EU expands list of noncooperative jurisdictions
India: Rules on debt investment by foreign portfolio investors relaxed, VRR reopened
Peru: First version of catalog of “aggressive tax planning schemes” published
Singapore: New tax treaty signed with Indonesia
United Arab Emirates: Guidance issued on free zone economic substance regulations

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World Tax Advisor 14 February 2020

14. February 2020 Marketing

The World Tax Advisor includes in particular:

OECD: OECD public consultation document released on review of CbC reporting minimum standard
Argentina: Implementation of measures to promote knowledge economy suspended
Chile: Tax authorities sign first-ever APA
Colombia: Tax authorities issue guidance on application of “general anti-abuse” rule
India: Highlights of 2020/21 budget individuals

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Keine KESt-Entlastung an der Quelle für Drittstaat-Holdings

12. February 2020 Karoline Spies

Continue reading →

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World Tax Advisor 7 February 2020

7. February 2020 Marketing

The World Tax Advisor includes in particular:

OECD: OECD issues statement on two-pillar approach to tackling tax challenges of digitalization
Ukraine: Ukraine parliament adopts BEPS tax reform measures
Australia: ATO focus on cross-border intangible transactions
European Union/Belgium: CJEU rules Belgian stock exchange tax is not contrary to EU law
European Union/Netherlands: Dutch requirements for refund of divided WHT to nonresident FIIs may breach EU law
European Union: European Commission publishes annual survey on tax policies in the EU
Finland: Tax authorities issue guidance on new rules for investment funds’ tax-exempt status
France: 2020 finance law includes changes to VAT rules
Greece: Taxation of dividends clarified
India: Highlights of 2020/21 budget for nonresidents
Netherlands: Supreme Court defines “mutual funds” for WHT purposes
United States: OECD endorses international tax rewrite efforts, punts on US “safe harbor” proposal

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World Tax Advisor 31 January 2020

31. January 2020 Marketing

The World Tax Advisor includes in particular:

Mexico: Mexico’s 2020 Omnibus Tax Resolution incorporates recently enacted cross-border tax rules
Bulgaria: Bulgaria’s tax legislation changes for 2020
Barbados: Highlights of economic substance guidelines
Cambodia: Additional FATCA guidance issued for financial institutions
Greece: Changes to indirect tax rules aim to stimulate the economy
Malta: Hybrid mismatch provisions in ATAD 2 implemented into domestic law
Singapore: Variable capital company legislation enacted
Switzerland: Change to customs and VAT territory leads to creation of local consumption tax
Thailand: Cabinet approves draft Land and Structures Tax legislation
United States: Despite US-French truce on DSTs, prospects for broader OECD tax pact remain uncertain
Tax treaty round up

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World Tax Advisor 24 JANUARY 2020

24. January 2020 Marketing

The World Tax Advisor includes in particular:

Curacao: Curacaos new tax legislation introduces territorial tax system
Belgium: Dividends received deduction continues to apply for Swiss dividends
Belgium: Amendments to interest deduction limitation rule enacted
Bermuda: Amended legislation and final guidance on economic substance released
Brazil: Stricter thin capitalization rules apply on interest paid to Dutch holding company
India: High Court rules payments for satellite and other broadcasting services are not FTS
Luxembourg: New exit tax rules enter into force
Taiwan: Three options available to reduce WHT burgen on technical service fees
United Kingdom: Final regulations on EU mandatory disclosure rules published

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Neues Doppelbesteuerungsabkommen Österreich – Kosovo

17. January 2020 Veronika John

Das neue DBA Österreich – Kosovo trat mit 28.12.2018 in Kraft und ist für Steuerjahre ab dem 1.1.2019 anwendbar. Da nun bald die ersten Steuererklärungen 2019 eingereicht werden, nehmen wir dies zum Anlass einen Überblick über die Highlights dieses Abkommens zu geben. Vor dem im Jahr 2018 abgeschlossenen DBA Österreich – Kosovo gab es kein DBA zwischen diesen beiden Staaten. Durch dieses Abkommen sollen die Wirtschaftsbeziehungen zum Kosovo ausgebaut und der Standort Österreich gestärkt werden. Im Wesentlichen entspricht das DBA dem alten OECD Musterabkommen in der Fassung 2014. In einigen Themengebieten folgt es aber bereits dem aktuellen OECD Musterabkommen 2017. Im Bereich der Amtshilfe werden die letztgültigen Standards für den Informationsaustauch der beiden Staaten festgehalten. Weiters wird dem OECD Musterabkommen 2017 entsprechend in der Präambel des neuen DBA die OECD-konforme Zielsetzung des Abkommens festgehalten: Die Beseitigung der Doppelbesteuerung ohne dadurch Möglichkeiten zur Nicht- oder Niedrigbesteuerung durch Steuerverkürzung oder -umgehung zu schaffen. Continue reading →

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World Tax Advisor 17 JANUARY 2020

17. January 2020 Marketing

The World Tax Advisor includes in particular:

Ecuador: Ecuador enacts Tax Simplicity and Progressivity Law
Argentina: Tax reform measures enacted
Barbados: Nonresident suppliers now required to collect VAT on certain online transactions
Cambodia: Financial Management Law amended
Colombia: Amended tax reform legislation enacted
India: Amalgamated companies’ revised returns submitted after statutory deadline are valid
Israel: Reportable tax positions for FY 2019 tax returns published
Italy: 2020 budget law enacted, related law decree converted into law
Jersey: Draft regulations to implement mandatory disclosure rules issued
United Arab Emirates: Further guidance on economic substance rules released
United States: Tensions continue over French digital services tax, US tariff threats
United States: Summary of Taxpayer Certainty and Disaster Relief Act of 2019
United States: 2019 IRS report addresses enforcement programs and emerging compliance issues

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World Tax Advisor 10 January 2020

10. January 2020 Marketing

The World Tax Advisor includes in particular:

Israel: Israeli Court rules business model change not necessarily sale of functions, assets and risks
European Union: CJEU rules Belgian participation exemption applied with NID infringes EU directive
France: 2020 finance bill becomes law
Germany: Draft law includes long-awaited reform of CFC rules
Germany: Legislation to enact significant changes to transfer pricing rules introduced
India: Company law tribunal rejects scheme of arrangement involving outbound demerger
India: Legislation introducing reduced concessional tax rates and other reliefs enacted
Luxembourg: ATAD 2 implemted into domestic law
Luxembourg: Pre-2015 advance tax decisions cease to have effect from end of 2019 tax year
Qatar: New regulations amend income tax law and introduce transfer pricing requirements
United States: Deloitte Tax summarizes proposed regulations under sections 863-865
United States: Tresury, IRS release section 162(m) proposed regulations
United States: Congress approves tax relief and spending legislation

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World Tax Advisor 20 December 2019

20. December 2019 Marketing

The World Tax Advisor includes in particular:

Greece: Greek corporate income tax reform includes corporate and withholding tax reductions
Australia: Revised R&D tax incentive bill introduced into parliament
Australia: Government releases budget update
Barbados: Economic substance legislation repealed and replaced
Germany: ATAD implementation law includes first draft of anti-hybrid rules
Greece: Individual income tax rules revised
United States: Congressional negotiators reach year-end tax deal
Tax treaty round up

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World Tax Advisor 13 December 2019

13. December 2019 Marketing

The World Tax Advisor includes in particular:

Luxembourg: Luxembourg publishes guidance on ATA renewal procedure
Australia: Consultation on definition of corporate residency continues
Australia: Revised proposals to expand definition of significant global entity released
Austria: Wage tax obligations for foreign employers revised
Brazil: Divided withholding tax bill under consideration
Germany: Joint Germany-US statement issued on spontaneous exchange of CbC reports for 2018
New Zealand: “You Do The Math” – 10 simple ways to keep Inland Revenue away
OECD: Public comments published on global anti-base erosion proposal
Spain: Domestic administrative court rules on interest withholding tax exemption
United States: Summaries of new BEAT, foreign tax credit regulations
United States: US backs retaliation against French digital services tax

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BMF: Fünfjährige Frist für Rückererstattungsanträge beschränkt Steuerpflichtiger nicht mehr in allen Fällen

11. December 2019 Luzija Kuzmich

Im Zuge des Jahressteuergesetzes 2018 ist das neue Verfahren zur Rückerstattung von österreichischen Abzugsteuern aufgrund von DBA eingeführt worden. Wir haben bereits in unserem Beitrag vom 01.04.2019 auf Änderungen der Formalvoraussetzungen für die Steuerrückerstattung durch beschränkt Steuerpflichtige hingewiesen. Demnach ist ab 01.01.2019 vor der Stellung eines Rückerstattungsantrags betreffend Kapitalertrag-, Lohn- oder sonstiger Abzugsteuern zwingend eine elektronische Vorausmeldung beim zuständigen Finanzamt vorgesehen. Der Erlass des BMF (BMF-010221/0208-IV/8/2019), der Details zum Rückerstattungsverfahren beschränkt Steuerpflichtiger inklusive Fragen der Rückerstattungsfrist regelt, wurde nun ebenfalls in einem praktisch höchst bedeutsamen Punkt geändert. Continue reading →

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World Tax Advisor 6 December 2019

6. December 2019 Marketing

The World Tax Advisor includes in particular:

Germany: Germany’s upper house of parliament adopts law that introduces R&D tax incentive
Australia: Hybrid mismatch guidance dealing with US GILTI rule released
Australia: Tax authorities confirm compliance approach for related party debt derivatives
China: STA issues new rules for claiming treaty benefits
European Union: Member states fail to agree on compromise proposal for public CbC reporting
Guernsey, Isle of Man, Jersey: Updated guidance on scope and application of economic substance legislation released
Japan: Tax authorities intensify audits of foreign digital service providers
Taiwan: Draft regulations released on undistributed surplus earnings
United States: Final and proposed BEAT regulations released