World Wide Tax News June 2020

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

In this issue:

• International
  • ​THE EUROPEAN UNION: Exchange of information - DAC6 - The time to act is now
• Asia Pacific 
  • AUSTRALIA: Australian High Court clarifies meaning of “associate” and “sufficiently influenced” for tax purposes in international tax dispute
  • INDIA: Taxing the digital economy - Indian Equalisation Levy 2.0
  • JAPAN: New “Open innovation tax incentive”
  • KOREA: Transfer pricing - Introduction of low value-adding intra-group services in 2020
  • MALAYSIA: Malaysian tax enforcement in 2020 - Updates
  • SRI LANKA: Land of promising tax-friendly investment returns
• Europe and the Mediterranean
  • SPAIN: Measures to mitigate COVID-19 impact on arts, culture and sports
  • UNITED KINGDOM: Notification of uncertain tax treatment by large businesses 
• North America and the Caribbean
  • CANADA: Canadian government’s response to international income tax issues raised by COVID-19 
  • UNITED STATES: President Trump signs into law CARES Act

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