26 July 2020 U.S. International Tax This Week for July 24 Ernst & Young's U.S. International Tax This Week newsletter for the week ending July 24 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.
BorderCrossings ... With EY transfer pricing and tax professionals (July 30) Beyond the pandemic: Building a future proof payroll operation (August 12) — Jul 23: South Africa's Constitutional Court addresses tax-deductible allowance for future expenditure on contracts (Tax Alert 2020-1888) — Jul 23: Tanzania issues new transfer pricing guidelines (Tax Alert 2020-1884) — Jul 17: East African Community implements trade and duty changes (Tax Alert 2020-1823) — Jul 23: Costa Rican tax authorities delay VAT collection on cross-border digital services until October 1 (Tax Alert 2020-1876) — Jul 23: Canada redesigns and extends the Canada Emergency Wage Subsidy (CEWS 2.0) (Tax Alert 2020-1874) — Jul 21: Brazilian Government proposes new federal VAT as first phase of comprehensive tax reform (Tax Alert 2020-1860) — Jul 17: The Dominican Republic's tax administration publishes General Norm 04-2020 to implement Law 46-20 on Transparency and Equity Revaluation (Tax Alert 2020-1832) — Jul 23: Dutch Government issues Decree with tax authorities' guidance on reportable cross-border arrangements (Tax Alert 2020-1887) — Jul 23: UK Tax Authority publishes Mandatory Disclosure Regime Guidance (Tax Alert 2020-1885) — Jul 22: UK Government publishes draft clauses for Finance Bill 2020-21 alongside new tax consultations (Tax Alert 2020-1870) — Jul 22: European Council adopts conclusions on recovery plan and EU budget for 2021-2027, including agreement on introduction of new taxes (Tax Alert 2020-1869) — Jul 22: Russia proposes amendments to Tax Code regarding international taxation (Tax Alert 2020-1867) — Jul 22: Russia proposes draft bill limiting VAT exemption for foreign entities licensing software and databases (Tax Alert 2020-1866) — Jul 22: France extends Mandatory Disclosure Rules reporting deadlines for six months (Tax Alert 2020-1862) — Jul 22: Italy publishes decree regarding consumption tax on lubricating oils and preparations (Tax Alert 2020-1861) — Jul 20: Hungary extends MDR reporting deadlines for six months (Tax Alert 2020-1847) — Jul 20: Cyprus introduces changes regarding taxation of intangible assets (Tax Alert 2020-1846) — Jul 20: European Commission publishes action plan for fair and simple taxation: A detailed review (Tax Alert 2020-1845) — Jul 20: European Commission publishes communication on intensifying the work on tax transparency and harmful tax competition by means of advocating Tax Good Governance in the EU and beyond (Tax Alert 2020-1844) — Jul 20: European Commission proposes revision of Directive on administrative cooperation (Tax Alert 2020-1843) — Jul 17: Italy's Supreme Court recognizes beneficial ownership of a Luxembourg sub-holding in light of CJEU Danish Cases (Tax Alert 2020-1833) — Jul 21: Updates provided regarding entry of experts into Israel (Tax Alert 2020-1856) — Jul 23: Australia Jobkeeper 2.0 – wage subsidy extended with modified entitlements and eligibility tests (Tax Alert 2020-1886) — Jul 22: G20 Finance Ministers and Central Bank Governors' meeting communiqué reiterates commitment to addressing the tax challenges of digitalization of the economy (Tax Alert 2020-1868) — Jul 21: The latest on BEPS and Beyond for July 2020 (Tax Alert 2020-1857) 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. Document ID: 2020-1892 | |