Tag Archives: New Zealand

Steuern International

World Tax Advisor 10 July 2020

10. July 2020 Marketing

Czech Republic: Introduction of tax loss carryback rules approved
Austria: Draft COVID-19 tax stimulus package approved by lower chamber of parliament
Austria: Reduced VAT rate adopted for certain industries affected by COVID-19
Colombia: DIAN rules on nature and tax treatment of branch profits under Colombia-Spain treaty
Denmark: Supreme Court rules in taxpayer’s favor in landmark transfer pricing royalties case
Dominican Republic: Voluntary asset disclosure and tax amnesty program modified
European Union: Optional deferral of DAC 6 reporting deadlines: Overview of member states’ positions
European Union: Scope of state aid temporary framework extended, list of approved measures published
Hong Kong: IRD issues guidance on unified tax exemption regime for funds
India: ITAT rules on treatment of training as educational activity for charitable purposes
New Zealand: R&D tax credits – Latest developments and key considerations
United States: New coronavirus (and other) guidance issued
United States: Trading partners to proceed with digital tax discussions, with or without the US

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 12 June 2020

12. June 2020 Marketing

The World Tax Advisor includes in particular:

United States: United States Trade Representative opens new investigations into digital services taxes
Germany: COVID-19: government agrees on comprehensive financial and tax measures
Australia: Significant changes to foreign investment laws proposed
Belgium: COVID-19: Measures proposed to reduce companies’ tax payments and improve cash flow
Brazil: New withholding tax rates published for certain cross-border payments
European Union: EU member states’ representatives agree on extended DAC 6 deadlines
European Union: Commission approves French scheme to stimulate R&D activities to fight COVID-19
France: Trust-based relationship model presents new opportunities for multinationals
Japan: Overview of tax controversy trends and procedures
Luxembourg: Decision to defer DAC 6 reporting obligations by six months and relevant clarification
Malaysia: Guidelines issued to clarify determination of place of business
New Zealand: New tax bill introduced: Giving with one hand while taking with the other

For the latest developments from various countries on measures in response to COVID-19, please visit the new Deloitte tax@hand COVID-19 page.

Steuern International

World Tax Advisor 15 May 2020

15. May 2020 Marketing

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

Peru: Peru extens tax loss carryforward period for corporations in response to COVID-19
Belgium: Additional agreements concluded to manage COVID-19 impact on cross-border workers
Bermuda: Economic substance declaration portal now available
Brazil: COVID-19: Tax and other financial measures approved
China: Enterprise income tax incentive extended in western regions
European Union: CJEU rules on independent EU subsidiary as VAT fixed establishment of non-EU parent
European Union: European Commission proposes extensions of DAC 6 reporting deadlines
Hong Kong: IRD issues updated guidance on advance rulings
India: CBDT relaxes individual residency rules for FY 2019-20 in light of COVID-19 lockdown
India: Supreme Court rules evidence in penalty proceedings valid to determine assessment
New Zealand: What impact will COVID-19 travel restrictions haven on your company’s tax residence?
OECD: Concerns over unilateral DSTs grow as OECD tax overhaul project faces possible delay
United States: More Paycheck Protection FAQs and other guidance released

Steuern International

World Tax Advisor 8 May 2020

8. May 2020 Marketing

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

OECD: OECD issues permanent establishment considerations due to COVID-19
Austria: Tax payment and filing deadlines extended in response to COVID-19
European Union: CJEU rules that Italian financial transactions tax is compatible with EU law
Guatemala: Procedures for updating taxpayer information modified due to COVID-19
Indonesia: Additional businesses eligible for tax incentives during COVID-19 pandemic
Japan: Overview of anti-dividend stripping rules under 2020 tax reform
New Zealand: Loss carryback rule: Fine in theory, but watch out for fish hooks
OECD: Update provided on OECD’s work on taxation in context of COVID-19
Peru: Procedures for calculating advance payments of income tax modified
Portugal: Postponement of transfer pricing obligations due to COVD-19 pandemic
Portugal: 2020 budget law makes changes to corporate, individual, and indirect tax rules
South Africa: Finance minister provides more detail on additional COVID-19 tax relief measures
Spain: Additional economic and fiscal measures introduced to address impact of COVID-19
United States: USMCA to enter into force on 1 July 2020 as US progresses its implementation steps
United States: Guidance addresses deductibility of expenses paid for by PPP loans

Steuern International

World Tax Advisor 24 April 2020

24. April 2020 Marketing

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

Australia: Jobkeeper scheme: Racing the clock
Canada: COVID-19 – Recent support announcements
Canada: COVID-19 – The new Canada Emergency Response Benefit
Colombia: Simplified and accelerated procedure for requesting tax refunds or offsets introduced
Costa Rica: Tax relief measures enacted in response to COVID-19
Cyprus: Changes to VAT periods and deadlines for submission of returns and payment of VAT
India: FDI policy change to restrict opportunistic takeovers of domestic companies announced
India: CBDT clarifies extensions to lower or nil TDS/TCS certificates for FY 2020-21
Korea: Tax reform measures enacted in response to COVID-19
Kuwait: Government announces extension of public holiday beyond tax filing deadline
New Zealand: COVID-19: The latest tax announcements
OECD: Individual residency and taxation for stranded workers due to COVID-19
OECD: Report presented to G20 on how tax policy can help governments deal with COVID-19
Peru: Clarification provided that deadline extensions apply to temporary net assets tax
Saudi Arabia: VAT return and payment deadlines extended due to COVID-19
Singapore: Managing GST compliance and cashflow during COVID-19
Switzerland: SFTA modifies its approach to net tax rate scheme due to COVID-19
Taiwan: Annual income tax return filing and payment period extended
Thailand: Tax relief measures announced in response to COVID-19
United Arab Emirates: Economic substance considerations in light of COVID-19
United States: Update on US global trade regulatory developments in response to COVID-19
United States: Summary of employer payroll tax relief
United States: Additional coronavirus guidance, resource materials available
Venezuela: Measures in response to COVID-19 include tax exemptions for certain imported goods
Bahrain: Guidance on mutual agreement procedure issued
El Salvador: Deadline approaching for appointment of tax auditors for 2020 tax period
Guatemala: Changes to taxation of international air transportation industry coming in 2021
India: Certain Mauritius FPIs not covered under indirect transfer income deeming provisions
India: CBDT clarifies that employers may apply simplified tax regime for withholding taxes
United Arab Emirates: Foreign businesses may submit 2019 VAT refund requests
United States: Deloitte Tax looks at final, proposed hybrid regulations
United States: IRS releases transfer pricing documentation “frequently asked questions”
Venezuela: Value of tax unit adjustment
Tax treaty round up

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 3 April 2020

3. April 2020 Marketing

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

Albania: Certain tax deadlines for small businesses extended, among other COVID-19 measures
Argentina: Tax measures introduced in response to COVID-19
Australia: Federal government announces significant foreign investment approval changes
Australia: JobKeeper scheme announed to maintain employment levels
Belgium: VAT credit refund possibility announced in response to COVID-19
Bermuda: CRS and CbC reporting deadlines extended due to COVID-19
British Virgin Islands: Information exchange, economic substance frameworks to be maintained during COVID-19
Canada: COVID-19 – Update on fiscal measures
China: Summary of tax relief measures relevant to COVID-19
Colombia: COVID-10 measures include increased powers for local government, VAT exemptions
Cyprus: COVID-19 tax and VAT measures voted
El Salvador: Special decrees and laws on tax matters issued in response to COVID-19
European Union: Commission approves German direct grant scheme for companies affected by COVID-19
France: Government eases tax rules cross-border employees working remotely
India: Tax and regulatory compliance deadlines extended in response to COVID-19
Indonesia: New fiscal measures announced in response to COVID-19
Japan: Effect of COVID-19 on transfer pricing
Kosovo: Extension of tax filing deadlines in response to COVID-19
Mexico: Various tax measures proposed to mitigate economic impact of COVID-19
Netherlands: Measures announced in response to COVID-19 include tax deferrals
New Zealand: COVID-19 Response (Taxation and Social Assistance Urgent Measures) Act 2020
Norway: Parliament adopts measures in response to COVID-19
OECD: Platform for Collaboration on Tax launches new website including COVID-19 resources
Portugal: COVID-19 – Support measures for companies and employees
South Africa: Tax relief measures announced in response to COVID-19
United States: COVID-19 stimulus: A taxpayer guide
India: Equalization levy on e-commerce supply or services introduced
Cambodia: TOI exemption granted to businesses impacted by suspension of EBA scheme
France: New guidelines for non-EU exporters released
France: Supreme Court rules self-employed status of digital platform worker is “fictional”
India: Mandatory e-invoicing for GST purposes deferred until 1 October 2020
Qatar: Directives published on mutual agreement procedures
Singapore: Foreign worker hiring ratio to be cut in three sectors as from 2021
United States: Deadline unchanged to apply for quick refund of overpayment of estimated tax
Uruguay: Companies involved in restructuring may elect tax-free treatment for goodwill

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 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

Steuern International

World Tax Advisor 15 NOVEMBER 2019

15. November 2019 Marketing

The World Tax Advisor includes in particular:

OECD: OECD releases public consultation document on global anti-base erosion proposal
Brazil: President ratifies cooperation agreement with OECD
European Union: Belize removed from EU list of noncooperative jurisdictions
Hong Kong: Tax reduction measure passed by Legislative Council
India: ITAT rules AOP is taxable at rate applicable to foreign company
India: WTO recommends withdrawal of various export promotion measures
India: ITAT rules expenditure attributable to issue of bonus shares is revenue in nature
Ireland: Finance Bill 2019 overhauls transfer pricing regime
New Zealand: Inland Revenue releases Multinational Compliance Focus document
United States: IRS releases guidance on transition away from LIBOR
United States: Another stopgap spending bill looks likely as government funding deadline approaches

Steuern International

World Tax Advisor 11 October 2019

11. October 2019 Marketing

The World Tax Advisor includes in particular:

OECD: OECD Secretariat issues proposal for unified approach to certain tax challenges of digitalization
Germany: BFH changes view on domestic transfer pricing adjustments in tax treaty cases
India: CBDT clarifies brought forward losses, MAT credit if company opts for lower tax rate
India: ITAT rules contributions to overseas superannuation fund are taxable perquisite
New Zealand: Positive business tax changes announced
New Zealand: Transfer pricing simplification measures aim to reduce compliance costs
Peru: Application of general anti-avoidance rule clarified
Peru: Supreme Court decision clarifies deductibility of accrued expenses
Sweden: 2020 budget bill proposal presented by the government, Centre Party and Liberal Party
Taiwan: Advance application available to determine taxable domestic-source income
United Arab Emirates: Guidance on economic substance released

Allgemein, Steuern International

World Tax Advisor 13 September 2019

13. September 2019 Marketing

The World Tax Advisor includes in particular:

Australia: Australian Federal Court agrees with taxpayer in transfer pricing case
Czech Republic: Eligibility for investment incentives limited
European Union: CJEU AG opines on refund of dividend WHT to nonresident FIIs
Ireland: Department of Finance issues draft transfer pricing legislation
Japan: Transfer pricing law amended and interpretative material issued
New Zealand: What’s in the Tax Policy Work Programme?
OECD: Tax policiy reforms 2019 report released
Sweden: Economic employer concept proposed to apply as from 1 January 2021
United States: IRS issues proposed regulations regarding income recognition and advance payments

Steuern International

World Tax Advisor 21 June 2019

21. June 2019 Marketing

The World Tax Advisor 21 June includes in particular:

New Zealand: New Zealand outlines its proposal for a digital services tax
Argentina: Legislation implementing measures to promote knowledge economy enacted
Denmark: Tax authorities to obtain distance selling information from payment service providers
European Union: Dominica removed from EU list of noncooperative jurisdictions
Israel: First court decision issued on taxation of Bitcoin transactions by individuals
Malta: Consolidated group rules introduced
Poland: New withholding tax provisions apply to certain cross-border payments
United States: Who is an applicable taxpayer for BEAT purposes?
United States: Final GILTI regulations issued
United States: Regulations proposed on treatment of domestic partnerships, GILTI high-tax exception
United States: Final temporary regulations address dividends received deductions

Steuern International

World Tax Advisor 14 June 2019

14. June 2019 Marketing

The World Tax Advisor 14 June includes in particular:

Germany: German BFH clarifies taxation of carried interest from certain fund structures
Colombia: Guidance issued on tax amnesty program
Costa Rica: New draft rulings cover implementation of VAT for cross-border digital services
Italy: Clarifications provided on use of tax attributes to offset additional tax assessed
News Zealand: GST rules for nonresident retailsers selling to New Zealand consumers a step closer
New Zealand: Administrative approach agreed on for determining PoEM
Panama: Country-by-country reporting regulations introduced
United States: Joint Committee on Taxation releases overview of GILTI, FDII regimes
United States: Proposed regulations released on interests held by foreign pension funds

Steuern International

World Tax Advisor 10 May 2019

10. May 2019 Marketing

The World Tax Advisor 10 May includes in particular:

India: “Users” may be basis for attribution of profits to Indian digital PE
Austria: Tax court rules on VAT tretment of roaming services provided by foreign companies
India: CBDT committee releases draft report on attribution of income to PEs
India: Appellate authority upholds levy of GST on “black office” support services
Japan: Continuity of control requirement for minority squeeze-out transactions relaxed
Luxembourg: MLI to enter into force as from 1 August 2019
New Zealand: Permanent establishment anti-avoidance guidance finalized
New Zealand: Changes made to facilitate self correction of tax returns
United States: 2019 BEPS global survey published

Steuern International

World Tax Advisor 26 April 2019

26. April 2019 Marketing

The World Tax Advisor 26 April includes in particular:

India: India’s High Court clarifies that APAs, MAP agreements may have persuasive value
Canada: Federal budget proposes change to treatment of employee stock options
China: New requirements relating to declaration of dutiable royalties
Cyprus: EU ATAD 1 transposed into domestic law
Greece: New incentives introduced for Greek branches of foreign and Greek entities
India: ITAT rules on taxability of commission earned by nonresident agents outside India
Ireland: VAT and RCT considerations for commercial lesses
New Zealand: What is next for the tax system?
Taiwan: Measures to reduce surtax on undistributed earnings passed by Executive Yuan
Tax treaty round up

Steuern International

World Tax Advisor 1 March 2019

1. March 2019 Marketing

The World Tax Advisor 1 March includes in particular:

Singapore: Singapore’s Budget 2019 includes extension of certain tax incentives
Germany: Applicability of royalty WHT to payments for online ads under consideration
Hong Kong: 2019/20 budget analysis
India: Beneficial ownership rules amended
New Zealand: Tax Working Group releases final report on the future of tax
South Africa: 2019 budget announced
Spain: Parliament rejects budget bill 2019
Sweden: Public consultation on proposal to expand scope of anti-hybrid rules
United Kingdom: Brexit: Making claims for EU VAT incurred in 2018

Steuern International

World Tax Advisor 22 February 2019

22. February 2019 Marketing

The World Tax Advisor 22 February includes in particular:

Malaysia: Changes to Malysia’s incentive regimes include modifications in line with BEPS action 5
Costa Rica: First draft regulations to implement VAT released
European Union: EU General Court annuls excess profit rulings state aid decision
Germany: Guidance issued on application of trade tax rules following CJEU decision
Guatemala: Detail on suppliers to be reported in monthly VAT returns
Iceland: Ceiling for R&D tax credit increased
Ireland: Public consultation sought views on ATAD interest limitation and hybrid provisions
New Zealand: Interim digital services tax to be implemented ahead of OECD work
OECD: Peer review reports released on treaty shopping and tax dispute resolution
Saudi Arabia: GAZT issues final transfer pricing regulations
Taiwan: Legislation on FTZ activities qualifying for corporate income tax exemption amended
Tax treaty round up

Steuern International

World Tax Advisor 2 November 2018

2. November 2018 Marketing

The World Tax Advisor 2 November includes in particular

UK Budget 2018 includes new digital services Tax
Australia: ATO releases guidelines on general anti-avoidance and hybrids
China: Draft IIT implementation regulations released for public consultation
Denmark: New guidance issued on VAT treatment of holding companies
Finland: Income register reporting to be introduced from 2019
Jersey: Draft legislation on company economic substance presented
Netherlands: Consultation launched on measures to implement EU ATAD II into domestic law
New Zealand: R&D tax incentive bill introduced to parliament
Spain: Draft bills issued on digital services and financial transaction taxes, ATAD measures

Steuern International

World Tax Advisor 26 October 2018

26. October 2018 Marketing

The World Tax Advisor 26 October includes in particular:

Thailand approves new IBC regime to replace
existing HQ regimes
Austria: Draft regulation addresses
requirements under new “horizontal
monitoring” procedure
Brazil: 31 December deadline for disclosure of
ultimate beneficiary information
Denmark: Proposals would implement ATAD
hybrid mismatch rules
Netherlands: Supreme Court confirms CJEU decision
in fiscal unity cases
New Zealand: GST on low-value imported goods:
Details of proposed regime released
United Kingdom: MLI-synthesized treaty with Slovenia
published