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BDO Corporate Tax News summarises recent tax developments of international interest across the world.
In this issue:
- European Union:
- Europe sets new corporate tax challenge with the BEFIT proposal
- Commission proposes head office tax directive for SMES
- France: Finance Bill 2024 includes implementation of EU minimum tax directive
- India: Supreme Court rules applicability of MFN clause not automatic
- International:
- Corporate tax bytes
- Pillar Two updates: Status of implementation around the world
- Ireland:
- Business measures in 2024 budget include minimum tax and increase in R&D tax credit
- Roadmap for the introduction of a participation exemption to Irish corporation tax
- Italy:
- Amendments to Windfall Tax on banks allows opt-out
- Supreme Court rules on “subject to tax” test
- Kuwait: 15% business profit tax proposed
- Malaysia: Highlights of Budget 2024
- Mexico: New tax incentives announced for export sector
- OECD: Understanding the Subject to Tax Rule
- Thailand: Foreign-source income derived by residents to be taxed as from 2024
- United Arab Emirates: Global minimum tax will not be implemented in 2024
- United States: IRS proposes rules for digital asset tax reporting