• BDO Corporate Tax News May 2022
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BDO Corporate Tax News May 2022

31 mai 2022

Original content provided by BDO

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

In this issue:

  • Australia: Budget 2022-23 measures affecting businesses
  • Canada:
    • CRA position on income tax implications of cryptocurrency transactions
    • Highlights of 2022 budget measures affecting businesses
    • Details and impact of proposed interest deductibility rules
  • Combodia: New law aims to attract investors
  • Estonia: Agreement reached to postpone Estonia’s implementation of the global minimum tax
  • European Union:
    • Draft directive aims to reduce bias that favours debt financing
    • EU Finance Ministers consider amended directive for implementation of Pillar Two, but no unanimous agreement
  • Germany: Expanded reporting obligations for German entities affect ultimate beneficial owners
  • Hong Kong: 2022/23 Budget includes measures to implement BEPS 2.0
  • International: Corporate - tax bytes
  • Italy: Implementing rules for the new super deduction released
  • Kuwait: Income tax on Kuwait-registered branches of GCC banks proposed
  • Luxembourg: Capital contribution without share issuance does not increase acquisition price for purposes of participation exemption
  • OECD:
    • Pillar Two rules could have lasting impact on MNE groups
    • Impact of the OECD Pillar Two model rules on natural resource companies
  • Singapore: 2022 Budget includes announcement on Pillar Two minimum effective tax rate
  • Spain: Interaction of new minimum tax with Pillar Two and summary of White Paper on international tax
  • Uganda: Definition of beneficial ownership may be expanded
  • United Arab Emirates: Ministry of Finance launches public consultation on proposed corporate tax regime
  • United States:
    • FY 2023 budget plan proposals affecting corporate businesses
    • Important cryptocurrency related proposals included in 2023 budget proposal
    • Tax treaty ratification moves forward

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