World Wide Tax News March 2020

BDO World Wide Tax News summarises recent tax developments of international interest across the world. 

In this issue:

• International
  • ​Explore our new interactive tool for Taxation of the Digital Economy
  • Take part in Global Tax Outlook 2020 
• ​Asia Pacific 
  • AUSTRALIA: Australian draft law provides clarity on hybrid mismatch rules
  • HONG KONG: Budget highlights 2020/21
  • INDIA: Union Budget 2020
  • KOREA: Cash grant budget expansion
  • MALAYSIA: Changes to the Labuan tax regime
• Europe and the Mediteranean 
  • ISRAEL: Change in business model - Broadcom Corporation case
  • THE NETHERLANDS: 
    • MLI MAP-tiebreaker - Dutch State Secretary of Finance intends to respect the outcome of ‘old’ corporate / MAP-tiebreakers of tax treaties
    • Restriction on the deduction of liquidation and termination losses from 2021
    • Update on the Brexit transition period
    • Other recent developments
  • ROMANIA: Transposal of EU Directives on reporting of cross-border arrangements and hybrid mismatches in Romania
  • SWITZERLAND: The Swiss tax reform (TRAF) entered into force on 1 January 2020
  • UNITED KINGDOM: Freeports - The Government’s Vision
• Latin America
  • ARGENTINA: Public emergency law - Tax measures​
  • ECUADOR: Tax simplification and progressivity law
  • PANAMA: Electronic invoicing implementation
  • PARAGUAY: Modernising and simplifying the Paraguayan tax system
• North America and the Caribbean
  • COSTA RICA: Tax reform: Income tax and Value Added Tax
  • UNITED STATES: Treasury issues final regulations and additional proposed regulations for base erosion and anti-abuse tax 
• Africa
  • NIGERIA: Finance Act 2019 changes 
  • ZIMBABWE: 2020 Budget: Amendments to the Income Tax Act

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