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BDO Corporate Tax News summarises recent tax developments of international interest across the world.
BDO Corporate Tax News summarises recent tax developments of international interest across the world.
In this issue:
- European Union: Foreign subsidies regulation now in effect, with upcoming reporting obligation for affected companies
- Canada: Mandatory disclosure rules are now law
- Czech Republic: Extensive tax changes announced, including hike in corporate tax rate
- Germany:
- Proposed legislation to implement a global minimum tax released
- Changes proposed to interest expense limitation rule
- International:
- OECD issues progress report on Two-Pillar plan
- OECD issues Pillar Two administrative guidance, information return, and STTR guidance
- Corporate Tax bytes
- Korea: Implementation of UTPR delayed
- Malaysia: Special Voluntary Disclosure Programme for direct taxes re-introduced
- Netherlands: Netherlands submitted draft bill to Parliament to implement Pillar 2 directive
- South Africa: SARS’ latest take on the meaning of “place of effective management”
- Spain:
- Burden of proof is on tax authorities to show abuse when denying exemption on EU dividends
- DAC 7 implemented and other changes made to tax law
- Switzerland: Pillar Two implementation approved in referendum
- Thailand: BOI relief measures granted to alleviate the impact of the global minimum tax
- Uganda: 5% DST passed and cap imposed on loss carry forwards
- United Kingdom: Research & Development (R&D) tax relief changes – how they work in practice
- United States:
- Notice 2023-55 offers temporary relief from final FTC regulations
- Asset managers face new potential withholding obligation on sales of interest in their funds