August 23, 2020
U.S. International Tax This Week for August 21
Ernst & Young's U.S. International Tax This Week newsletter for the week ending August 21 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.
Global trade: Gaining control over your trade function in a volatile environment (August 24)
BorderCrossings . . . With EY transfer pricing and tax professionals (August 27)
The evolving world of site selection | Corporate location in today’s rapidly changing environment (September 9)
— Aug 14: USTR announces modifications to tariffs on EU goods under Section 301 (Tax Alert 2020-2071)
— Aug 18: Rwanda announces requirements for VAT exemption applications on imported machinery, capital goods and raw materials (Tax Alert 2020-2097)
— Aug 17: Kenya amends recently gazetted DTA with Mauritius (Tax Alert 2020-2088)
— Aug 14: India publishes detailed guidance on Mutual Agreement Procedure (Tax Alert 2020-2070)
Canada & Latin America
— Aug 19: Argentine Congress approves bill establishing new tax settlement plan (Tax Alert 2020-2103)
— Aug 18: Peru simplifies procedure for foreign tourists to claim a VAT refund (Tax Alert 2020-2099)
— Aug 18: Panama's National Assembly approves bill creating 'EMMA' special regime for manufacturing services (Tax Alert 2020-2094)
— Aug 14: Ecuadorian Constitutional Court declares unconstitutional executive decree requiring estimated income tax payments for fiscal year 2020 (Tax Alert 2020-2072)
— Aug 19: Australian Taxation Office issues compliance guidelines for outbound interest-free related party loans (Tax Alert 2020-2102)
— Aug 17: Australia | Detailed analysis on final taxation ruling and guidance on the Australian thin capitalization arm's-length debt test (Tax Alert 2020-2080)
Internal Revenue Bulletin
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.