Tag Archives: Bermuda

World Tax Advisor 24 JANUARY 2020

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

France: Finance law for 2019 implements ATAD 1 measures, changes tax consolidation rules
Bermuda: Legislation on economic substance passed
China: Final IIT regulations revise draft rules
Colombia: Tax reform legislation includes progressive reduction in corporate income tax rate
European Union: Commission concludes state aid investigation of Gibraltar
Japan: Diet approves 2019 tax reform proposals
Luxembourg: Law implementing ATAD 1 published in official gazette
Netherlands: List of low tax jurisdictions published
Romania: Tax on financial assets of banks introduced
Saudi Arabia: Draft zakat regulations released for public comment
Sweden: New penalty introduced for FATCA/CRS reporting violations
Sweden: Server can be considered a permanent establishment
Uruguay: Requirments relating to free zones modified

Luxembourg parliament considering introduction of VAT group regime
Argentina: Decree clarifies VAT collection on services provided by nonresidents
Austria: Draft bill includes measures to transpose EU ATAD into domestic law
Caribbean and Bermuda countries: First CRS reports due in 2018 for non-early adopter jurisdictions
Costa Rica: Tax reform proposal would replace GST with VAT and tax capital income
Luxembourg: Tax authorities to examine transactions with jurisdictions on EU list of noncooperative countries
Panama: Transfer pricing information reporting form modified
United States: Administration delays tariffs on steel and aluminum
Global tax alerts

CRS rules apply in China as from 1 July 2017
Austria: New tax treaty with the UK under negotiation
Barbados: Budget includes hike in National Social Responsibility Levy, new foreign exchange tax
Bermuda: CRS regulations, guidance notes issued and portal open