June 28, 2020
U.S. International Tax This Week for June 26
Ernst & Young's U.S. International Tax This Week newsletter for the week ending June 26 is now available. Prepared by Ernst & Young's International Tax Services group, this weekly update summarizes important news, cases, and other developments in international taxation.
How companies are addressing impairment considerations on goodwill and other long-lived assets (July 16)
— Jun 25: Zambia announces termination of double taxation agreement with Mauritius (Tax Alert 2020-1667)
— Jun 25: South Africa's Minister of Finance delivers 2020 Supplementary Budget review (Tax Alert 2020-1666)
— Jun 22: Kenya introduces VAT regulations on supply of digital services (Tax Alert 2020-1628)
— Jun 19: Tanzania's Parliament passes Finance Bill, 2020 (Tax Alert 2020-1617)
— Jun 25: China announces masterplan for Hainan Free Trade Port (Tax Alert 2020-1664)
— Jun 22: Thai Cabinet approves VAT bill regarding taxation of foreign e-business (digital services) (Tax Alert 2020-1632)
Canada & Latin America
— Jun 25: Trinidad and Tobago issues Mid-Year Budget Review 2020 (Tax Alert 2020-1663)
— Jun 22: Colombia updates regulations on tax incentives for investments in renewable energy sources (Tax Alert 2020-1631)
— Jun 22: Uruguayan Executive Power issues decree establishing tax incentives to encourage investments (Tax Alert 2020-1630)
— Jun 22: Uruguay's Executive Power adds new conditions under which individuals may obtain tax residence (Tax Alert 2020-1627)
— Jun 19: Uruguay's Executive Power extends tax incentives for construction activities (Tax Alert 2020-1613)
— Jun 19: Costa Rica's tax authorities published guidance on charging and collecting of VAT on cross-border digital services and intangible assets (Tax Alert 2020-1612)
— Jun 25: EU reaches agreement on postponement of VAT e-commerce rules due to COVID-19 crisis (Tax Alert 2020-1665)
— Jun 25: Council of the EU adopts amendments for deferral of MDR filing deadlines (Tax Alert 2020-1661)
— Jun 24: UK Tax Authority publishes update on current delays in processing and refunding VAT under Overseas Refund Scheme (Tax Alert 2020-1655)
— Jun 24: Poland defers certain provisions of new withholding tax reform to 1 January 2021 (Tax Alert 2020-1654)
— Jun 24: Greece implements electronic accounting books and e-invoicing process (Tax Alert 2020-1653)
— Jun 24: Belgium reduces VAT rates for restaurant services (Tax Alert 2020-1652)
— Jun 23: Cyprus adopts legislation implementing exit taxation and hybrid mismatch rules (Tax Alert 2020-1642)
— Jun 23: Bulgaria reduces VAT rates for certain sectors (Tax Alert 2020-1641)
— Jun 23: Australian Taxation Office publishes guidance on COVID-19 economic impacts on transfer pricing arrangements and altering related party arrangement (Tax Alert 2020-1646)
— Jun 22: New Zealand introduces new omnibus tax Bill (Tax Alert 2020-1633)
Ernst & Young Client Portal, the leading source for news, analysis, and reference materials for corporate tax professionals, has a variety of content of interest to international tax practitioners, including:
— International Tax Online Reference Service. Key information about, and important tax developments from, 56 foreign jurisdictions, including information on tax rates, interest rates and penalties, withholding, and filing dates.
— EY/Passport. EY/Passport is your guide to planning ventures in the global economy, offering a wealth of tax and business knowledge on more than 150 countries.
Because the matters covered herein are complicated, U.S. International Tax This Week should not be regarded as offering a complete explanation and should not be used for making decisions. Any decision concerning matters covered herein should be reviewed with a qualified tax advisor.