- 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.