Tag Archives: Italy

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 1 May 2020

1. May 2020 Marketing

The World Tax Advisor includes in particular a special COVID-19 section:

Albania: COVID-19 financial assistance measures for current and former employees announced
Australia : Significant developments to JobKeeper scheme announced
Austria: Considerations for dividend distributions due to impact of COVID-19
British Virgin Islands: FATCA and CRS registration and reporting deadlines extended due to COVID-19
Canada: COVID-19: Canada Emergency Wage Subsidy (CEWS) – Frequently asked questions
- COVID-19 – Summary of recent fiscal measures
China: Tax and trade measures approved to stimulate economic recovery
European Union: Commission approves Finnish scheme to support companies affected by COVID-19
Germany: COVID-19: Government allows deferred wage tax filing
Indonesia: Additional tax relief announced and deadlines further extended in view of COVID-19
- Guidance for calculation of monthly income tax installments issued
- Guidance provided on 2019 income tax return submissions in response to COVID-19
Italy: Decree expands incentive measures introduced in response to COVID-19
- New guidance on proof of intra-EU transport released, additional VAT relief announced
Korea: Individual income tax payment deadline for 2019 extended
Mexico: COVID-19: Economic and fiscal measures in Latin America
Netherlands: Additional VAT measures in response to COVID-19
New Zealand: Practical relief from consequences of COVID-19 travel restrictions for individuals
Nigeria: COVID-19: Economic, tax, and other fiscal stimulus measures
Norway: Final regulations published on financial support program
Poland: New legislation aims to support enterprises affected by COVID-19
South Africa: Additional tax relief measures announced in response to COVID-19
United Arab Emirates: VAT return filing and payment deadline extended
United States: Additional coronavirus resources available
- New guidance on travel disruptions due to COVID-19
- Supplemental funds for Paycheck Protection Program signed into law
Zimbabwe: Expedited processing of VAT refunds announced
- Tax administration measures issued in response to COVID-19

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Peru: Peru introduces new valuation method for taxable indirect share transfers
Australia: AAT decisions find mining activities not “core R&D activities”
Belgium: New circular letter regarding the VAT treatment of tour operators and travel agents
European Union: Revised EU posted workers directive due to become law
Finland: E-invoicing mandatory for B2B sales upon request of purchaser
India: ITAT rules on scope of business connection for event organized overseas
Indonesia: Implementing regulation issued for super tax deduction for labor-intensive industries
Ireland: Guidance issued on VAT groups
United States: USMCA update: Canada and Mexico confirm completion of entry into force procedures

Steuern International

World Tax Advisor 17 April 2020

17. April 2020 Marketing

The World Tax Advisor includes in particular a special COVID-19 section:

Botswana: Economic and fiscal measures introduced in response to COVID-19
Canada: COVID-19 – Update on the Canada Emergency Wage Subsidy (CEWS)
China: Export VAT refund rates increased on over 1,400 goods
Colombia: New extensions for corporate income tax compliance, filing overseas assets return
Cyprus: Relief from import duties and VAT exemption on imports needed to combat COVID-19
European Union: EU permits import duty relief and VAT exemption on certain goods in view of COVID-19
Germany: COVID-19: Additional tax measures announced and implemented by government
Hong Kong: Third round of tax and financial relief measures in response to COVID-19 announced
Indonesia: Implementing guidance issued for COVID-19 tax incentives
Italy: Law decree introduces additional urgent tax measures in response to COVID-19
Japan: Additional tax relief proposed as part of COVID-19 emergency economic response plan
Oman: Tax relief measures announced in response to COVID-19
Portugal: Deadline for issuing e-invoices for B2G transactions postponed to 2021
Russia: 2019 tax return filing deadline for individual taxpayers extended in view of COVID-19
Singapore: IRAS guidance on company tax residence, PE, and employee taxation in view of COVID-19
Spain: Economic and fiscal measures introduced to address impact of COVID-19
Taiwan: Relief measures announced to help industries affected by COVID-19
United States: Expanded stimulus bill resource list available
United States: New IRS releases provide filing and other tax relief
United States: Transfer pricing considerations in the time of COVID-19

Steuern International

World Tax Advisor 10 April 2020

10. April 2020 Marketing

The World Tax Advisor includes in particular a special COVID-19 section:

Australia: R&D uplifts available on accelerated depreciation and (most) IAWOs
Bahrain: Economic substance reporting deadline extended
Belgium: Certain income tax prepayment credit percentages increased in view of COVID-19
Brazil: COVID-19: Latest tax measures approved by government
Canada: COVID-19 – Recent government support measures
Colombia: Local authorities adopt new tax compliance deadlines and tax cuts in view of COVID-19
El Salvador: Additional legislation enacted in response to COVID-19
European Union: Commission approves French, Spanish aid schemes for companies affected by COVID-19
Greece: COVID-19 – Third package of measures announced
India: Ordinance effects extended tax compliance deadlines announced in response to COVID-19
Indonesia: Measures introduced in response to COVID-19 include immediate CIT rate reduction
Israel: Tax filing deadlines postponed under COVID-19 emergency regulations
Italy: Measures introduced in response to COVID-19 include various incentives
Japan: FAQs clarify relief available for taxpayers affected by COVID-19
Luxembourg: Financial aid scheme established for enterprises affected by COVID-19
New Zealand: R&D tax credit – Broader refundability for loss making companies
New Zealand: Cross-border workers and tax considerations resulting from COVID-19
Norway: Government implements financial support program
OECD: OECD issues recommendations on implications of COVID-19 on cross-border matters
Peru: Postponement of deadlines for certain tax obligations extended and expanded
Qatar: Government temporarily exempts 905 items from customs duties in response to COVID-19
Russia: 15% dividend and interest WHT rate to apply to recipients in conduit jurisdictions
Singapore: Resilience budget to ease financial consequences of COVID-19 for taxpayers announced
South Africa: Update on tax developments in response to COVID-19
United Arab Emirates: Update on economic substance notification deadlines
United Kingdom: New guidance on execptional circumstances for UK residence test in view of COVID-19
United States: Understanding the CARES Act’s tax provisions – A selected list of key resources
United States: Penalty relief for failure to deposit employment taxes linked to COVID-19 tax credits
Hong Kong: Tax authorities issue updated guidance on taxation of e-commerce transactions and digital assets
Cambodia: Guidance clarifies TOS exemption on 2020 seniority indemnity payments
European Union: CJEU clarifies application of EU parent-subsidiary directive to Gibraltar
European Union: CJEU AG opines on VAT treatment fo investment fund management services
India: Parliament enacts Finance Act 2020, amends certain Finance Bill 2020 proposals

Steuern International

World Tax Advisor 27 March 2020

27. March 2020 Marketing

The World Tax Advisor includes in particular a special COVID-19 section:

Australia: Tax and business relief in response to COVID-19
Belgium: COVID-19 measures to support businesses and individuals announced
Brazil: Emergency economic measures approved by government in response to COVID-19
Canada: COVID-19 – New fiscal measures
Chile: Tax measures in response to COVID-19 announced
Colombia: Additional tax measures announced in response to COVID-19
Czech Republic: Stabilization package for taxpayers approved in response to COVID-19
Germany: Two decrees with tax relief measures to boost liquidity published
Guatemala: Effect of COVID-19 on tax matters
Indonesia: Changes in working practices in response to COVID-19 affect tax services
Italy: Clarification provided on businesses eligible for extended deferral of tax payments
Korea: Tax measures in response to COVID-19 announced
Luxembourg: New tax measures implemented in response to COVID-19
Peru: Government announces ta measures in response to COVID-19
Peru: Deadline for filing 2019 income tax return extended for more taxpayers
Saudi Arabia: Deadlines extended due to COVID-19 for filing tax returns and paying taxes
Sweden: Financial measures in response to COVID-19 announced
Taiwan: Relief plan announced, travel tightened in response to COVID-19
United Kingdom: COVID-19 tax measures to support businesses and individuals announced
United States: Senate leaders reach deal on coronavirus economic stimulus proposal
United States: What may be considered “qualified disaster relief payments” related to COVID-19?
United States: Tax considerations for self-employed individuals in coronavirus stimulus package
United Kingdom: Updated draft legislation and guidance on digital services tax issued
Czech Republic: Amendments to digital service tax legislation could reduce 7% tax rate
Luxembourg: DAC 6 proposed rules become law
Poland: MDR amendment bill provides for additional reporting obligations
Poland: Ministry of Finance considers relaxing requirements of VAT “white list”
Spain: Clarification on classification of foreign-incorporated entities as tax transparent
United Kingdom: IR35 changes postponed for 12 months
Tax treaty round up

Steuern International

World Tax Advisor 20 March 2020

20. March 2020 Marketing

The World Tax Advisor includes in particular a special COVID-19 section:

Autralia: Administrative measures on international tax issues in response to COVID-19 announced
Australia: Government accounces business support measures in response to coronavirus
Belgium: COVID-19 implications for taxation of cross-border workers
Canada: Fiscal measures to support the economy
Columbia: Tax measures announced in response to COVID-19
Cyprus: Direct tax and VAT measures in response to COVID-19 announced
Indonesia: Changes in working practices in response to COVID-19 affect tax services
Italy: Urgent tax measures adopted in response to COVID-19
Jersey: Guidance on COVID-19 and economic substance issued
New Zealand: COVID-19 – Tax reform measures included as part of Business Continuity Package
Taiwan: Various filing and payment deadlines extended in response to COVID-19
United States: Senate approves coronavirus stimulus package
India: AAR denies capital gains exemption under tax treaty with Mauritius
Australia: ATO view of associate test prevails
Canada: 2020-2021 Quebec budget highlights
Cayman Islands: FATCA and CRS changes introduced for 2019 reporting year
France: DAC 6: First FTA guidelines published
Germany: Guidance issued on guaranteed minimum payments in tax consolidated group
Germany: MOF publishes first draft of decree for application of DAC 6 rules
Luxembourg: Tax authorities release guidance on CFC rules
Peru: Branches of foreign entities not subject to additional tax on indirect distributions

Steuern International

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

Steuern International

World Tax Advisor 22 November 2019

22. November 2019 Marketing

The World Tax Advisor includes in particular:

European Union: CJEU rules German WHT on dividends to nonresident pension funds violates EU law
European Union: AG of the CJEU opines on independent EU subsidiary as VAT fixed establishment of non-EU parent
Australia: Tax Avoidance Taskforce focuses on private groups
Austria: Parliament approves 5% digital services tax, other changes
Ecuador: National Assembly rejects draft bill including significant tax measures
Italy: New rules introduced for self-determination of taxable income under patent box regime
Mexico: Final 2020 tax reform package approved by Senate
OECD: Public comments published on unified approach to tax challenges of digitalization
OECD: Summary of key points of additional implementation guidance on CbC reporting
United Kingdom: Corporation tax rate reduction as from 1 April 2020 now unlikely
Tax treaty round up

Steuern International

World Tax Advisor 23 August 2019

23. August 2019 Marketing

The World Tax Advisor includes in particular:

Luxembourg: Draft law to implement ATAD 2 in Luxembourg released
Barbados: Policy notes give effect to certain tax measures from budget
Brazil: Deductibility of certain royalty payments to foreign shareholders clarified
European Union: Finland SAC refers case involving Luxembourg SICAV to CJEU
Hong Kong: IRD issues guidance on application of PE profit attribution rules
India: ITAT rules reimbursed salary costs of seconded employee are not FTS
Ireland: Feedback statement published on consultation on ATAD anti-hybrid provisions
Italy: Implementing measures issued for transmission of data by online marketplaces
Trinidad and Tobago: Tax amnesty available for various direct and indirect taxes
United States: Tax implications of US site or services PEs of Chinese companies
United States: Impact of foreign tax credits on base erosion minimum tax amount
Tax treaty round up

Steuern International

World Tax Advisor 28 June 2019

28. June 2019 Marketing

The World Tax Advisor 21 June includes in particular:

Japan: Japan’s enhanced earnings stripping rules align with action 4 of BEPS project
Brazil: Tax treaty signed with Uruguay
European Union: CJEU rules on applicable social security system for activities performed outside EU
Germany: BFH asks CJEU ro rule on scope of VAT exemption for commercial education services
India: GST Council recommends further extension of GST return filing deadline for 2017-18
Italy: Supreme Court rules on tax residence of holding company
Malaysia: Update on implementation of service tax on imported digital services
OECD: MLI matching database expanded, more countries sign/deposit ratification instruments
United States: Ninth Circuit Court of Appeals reverses Tax Court in Altera
United States: New regulations addressing GILTI issues, foreign tax credits, section 245A summarized
United States: Joint Committee on Taxation releases overview of Qualified Opportunity Zones
Tax treaty round up

Steuern International

World Tax Advisor 24 May 2019

24. May 2019 Marketing

The World Tax Advisor 24 May includes in particular:

Switzerland: Swiss voters approve corporate tax reform bill
Australia: Coalition government returned: tax agenda
Barbados: Barbados removed from EU list of noncooperative jurisdictions
Bermuda: Bermuda removed from EU list of noncooperative jurisdictions
Germany: Highlights of VAT measures in draft annual tax act for 2019
India: High Court rules withholding tax exemption available under Mauritius tax treaty
Italy: New VAT rules enacted for online marketplaces
Poland: Withholding tax rules affected by new beneficial owner definition
Sweden: Ruling on loss forfeiture on change of control of loss-making company
United States: Proposed regulations issued on ownership attribution to determine CFC relatedness
United States: Final regulations address deemed repatriation of earnings to domestic corporations

Steuern International

World Tax Advisor 19 April 2019

19. April 2019 Marketing

The World Tax Advisor 19 April includes in particular:

Pakistan: Pakistan’s 2019 supplementary finance act includes beneficial measures
Brazil: Tax reform proposed to eliminate various taxes and introduce “unified VAT”
European Union: EU agrees further extension for Brexit
Germany: Domestic royalty WHT will not be applied to cross-border payments for online ads
Greece: List of juristictions with preferential tax regimes for FY 2018 published
Israel: Supreme Court rules application of CFC rules cannot be considered on group basis
Italy: Clarifications provided on proof of intra-EU transport of goods
Italy: Clarifications provided on VAT treatment of payments via electronic money
Japan: 2019 tax reform measures enacted
Taiwan: Corporate income tax implications on re-domicilation of foreign subsidiary clarified
United States: Congressional taxwriting leaders reject unilateral digital services taxes

Steuern International

World Tax Advisor 29 March 2019

29. March 2019 Marketing

The World Tax Advisor 22 March includes in particular:

Austria: Austria introduces comprehensive CFC regime
China: VAT rates to be reduced as from 1 April 2019
European Union: EU announces that preparations for no-deal Brexit are complete
European Union: Hong Kong removed from EU watchlist on tax cooperation
European Union: European Commission invites comments on Madeira state aid investigation
Greece: Reduction of withholding and income tax rates on dividends
Italy: New tax return form approved for quarterly VAT refnd claims
Mexico: Proposal released to allow general tax offsettings
Saudia Arabia: GAZT publishes VAT guide in Islamic finance
United Kingdom: HM Revenue & Customs publish no-deal Brexit withholding tax guidance
United States: Treasury department issues policy statement on tax regulatory process
Tax treaty round up

World Tax Advisor 18 January 2019

18. January 2019 Marketing

The World Tax Advisor 18 January includes in particular:

Italy: Italy’s 2019 budget law introduces new digital services tax
Australia: Simplified transfer pricing record keeping options updated
British Virgin Islands: Legislation on economic substance passed
European Union: European Commission considers process of making EU tax policy
Italy: Legislative decree transposing EU ATAD includes significant changes to tax law
Mexico: Tax incentives granted to taxpayers in northern border region
Mexico: New decrees may give rise to constitutional challenges in court
Netherlands: 2019 tax package enacted
United Kingdom: New compliance facility introduced for diverted profits tax
United Kingdom: Review of corporate intangible fixed assets regime
Uruguay: Guidance on CbC reporting requirements issued

Steuern International

World Tax Advisor 21 December 2018

21. December 2018 Marketing

The World Tax Advisor 21 December includes in particular:

Saudi Arabia releases draft transfer pricing regulations
Belgium: Transfer pricing documentation deadline extended
Cambodia: 2019 tax law changes would distinguish between legal and “physical” persons
Cyprus: CbC reporting deadline extended
European Union: CJEU rules German RETT intragroup exemption in line with EU state aid rules
Finland: Final interest deduction limitation rules include changes to group ratio rule
Greece: Capital tax exemption introduced for capital investments in R&D
Italy: Tax amnesty introduced for taxpayers to settle their tax positions
Malta: EU ATAD implemented into domestic law
Netherlands: New income thresholds for highly skilled migrants
Sweden: New precedent on taxation of stock options

Steuern International

World Tax Advisor 16 November 2018

16. November 2018 Marketing

The World Tax Advisor 16 November includes in particular

Finland proposes changes to CFC rules based on EU ATAD
Egypt: Updated transfer pricing guidelines issued
European Union: Directive allowing reduced VAT rates adopted
European Union: Namibia removed from EU list of
noncooperative jurisdictions
Guernsey: Draft regulations on company economic
substance published
Hong Kong: Discussion paper released on proposed
tax exemption for investment funds
Italy: Tax authorities clarify VAT grouping
rules and VAT treatment of transfer
pricing adjustments
Peru: Due date extended for filing CbC report
for FY 2017
South Africa: SARS proposes penalty for failure to
file income tax returns
United Kingdom: Public consultation on proposed digital
services tax launched
United States: Deadlines to request competent
authority assistance in transfer pricing
disputes

Steuern International

World Tax Advisor 9 November 2018

9. November 2018 Marketing

The World Tax Advisor 9 November includes in particular

Minister of Finance issues decree on exit tax consequences where Germany’s taxing rights are restricted
Australia: Guidance issued on transfer pricing and financing arrangements
Denmark: Proposals would implement ATAD interest expense deduction limitation rules
Hong Kong: Enhanced deduction regime for R&D expenditure in effect
Italy: Draft 2019 budget law includes changes to tax incentives
Netherlands: Transition rules proposed to apply to shortened term of 30% facility
Ukraine: Draft law on BEPS released

Steuern International

World Tax Advisor 25 May 2018 – Connecting you globally

25. May 2018 Marketing

The World Tax Advisor 25 May 2018 includes in particular: Continue reading →

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World Tax Advisor 13 May 2016 – Connecting you globally

13. May 2016 Georg Erdélyi

The World Tax Advisor of 13 May 2016 includes in particular:

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