Tag Archives: Italy

World Tax Advisor 29 March 2019

The World Tax Advisor 22 March 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

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

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

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