BDO Corporate Tax News summarises recent tax developments of international interest across the world.
In this issue:
- Belgium: Tax authorities investigative powers expanded
- Canada: CRA revises return for reporting transactions with non-arm’s length nonresidents
- Colombia: New 15% minimum tax and concept of significant economic presence introduced
- Denmark: Supreme Court rules on beneficial owner and tax treaty abuse cases
- European Union:
- Germany: Extraterritorial taxation of German-registered IP rights revised
- India: 2023-24 Finance bill contains some measures to encourage investment
- International:
- Italy: 2023 budget law measures impact MNEs with Italian operations
- Japan: Global minimum tax to be introduced under 2023 tax reform, along with easing of CFC rules
- Singapore: Budget 2023 measures include introduction of GloBE rules and domestic top-up tax
- Thailand: Tax concessions for COVID-19-related donations
- United Arab Emirates: Decree-Law clarifies tax treatment of free zone businesses
- United Arab Emirates: What do the PE rules in the new corporate tax law mean for you?”
- United Kingdom: Spring budget 2023: What business tax changes can we expect?
- United Kingdom: Increasing challenges relating to “allowable purpose” for intragroup loans
- United States: Interim guidance issued on corporate AMT
- United States: Brazil’s proposed transfer pricing legislation has U.S. foreign tax credit implications