20 December 2020 U.S. International Tax This Week for December 18 Ernst & Young's U.S. Tax This Week newsletter for the week ending December 18 is now available. Prepared by Ernst & Young's National Tax Department in Washington, D.C., this weekly update summarizes important news, cases, and other developments in U.S. taxation.
— Dec 14: FinCEN further extends certain signature authority reporting (FBAR, Form 114) over foreign financial accounts (Tax Alert 2020-2866) — Dec 14: Final and proposed PFIC regulations provide a mix of favorable and unfavorable provisions (Tax Alert 2020-2865) — Dec 14: US final and proposed regulations on passive foreign investment companies have both favorable and unfavorable implications for insurance companies (Tax Alert 2020-2864) — Dec 14: Tanzania Revenue Authority upgrades electronic financial data management system (Tax Alert 2020-2859) — Dec 11: Ugandan Tax Appeals Court rules VAT is not due on supply of services by a branch to its head office (Tax Alert 2020-2850) — Dec 16: Japan releases 2021 tax reform outline (Tax Alert 2020-2878) — Dec 14: Vietnam issues guidance on related party transactions and transfer pricing (Tax Alert 2020-2858) — Dec 11: Myanmar Tax Authority issues guidance on withholding tax reporting obligations (Tax Alert 2020-2849) — Dec 17: Chilean tax authorities released regulations for foreign pass-through investment vehicles (Tax Alert 2020-2884) — Dec 16: Canada's employer obligation to remit GST/HST/QST on deemed supplies made to pension entities and master pension entities discussed (Tax Alert 2020-2879) — Dec 15: Argentina provides further specifications on the definition of "final beneficiaries" and extends the obligation to report (Tax Alert 2020-2873) — Dec 14: Peru's tax authorities establish January 29, 2021 as the due date for the secondary filling of 2017, 2018 and 2019 CbC reports (Tax Alert 2020-2861) — Dec 11: Peru repeals agribusiness preferential tax regime (Tax Alert 2020-2847) — Dec 11: Peruvian tax authorities establish guidelines for capital gains tax exemption applicable to transfers of shares through the Lima Stock Exchange (Tax Alert 2020-2845) — Dec 16: German Ministry of Finance issues new Administrative Principles regarding examination of income allocation between internationally associated enterprises (Tax Alert 2020-2877) — Dec 15: Portugal's 2021 State Budget Law | Key tax measures impact real estate sector (Tax Alert 2020-2869) — Dec 15: Luxembourg | Year-end tax considerations for 2020 and the start of 2021 (Tax Alert 2020-2868) — Dec 11: Australian Taxation Office releases final guidance on outbound interest-free loans between related parties (Tax Alert 2020-2851) — Dec 15: The latest on BEPS and Beyond for December 2020 (Tax Alert 2020-2870) — Dec 14: OECD publishes Revenue Statistics in Africa 2020 (Tax Alert 2020-2860)
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: 2020-2889 | ||||