January 24, 2021
U.S. International Tax This Week for January 22
Ernst & Young's U.S. Tax This Week newsletter for the week ending January 22 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.
BorderCrossings ... With EY transfer pricing and tax professionals (January 28)
International tax talk quarterly series with the EY Global Tax Desk Network (February 9)
— Jan 21: USTR releases findings of Section 301 investigation on DST regimes of Austria, Spain and the UK, and 301 findings on Vietnam's currency valuation practices (Tax Alert 2021-0148)
— Jan 20: Zambian Government issues 2021 Tax Amendment Acts and Regulations (Tax Alert 2021-0125)
— Jan 21: Korea enacts 2021 tax reform bill (Tax Alert 2021-0149)
Canada & Latin America
— Jan 21: Peru enacts new tax measures for 2021 (Tax Alert 2021-0140)
— Jan 20: Peru enacts new preferential tax regime for agribusiness (Tax Alert 2021-0136)
— Jan 20: Peru no longer requires certain recipients of corporate income from investment funds to keep accounting books and records (Tax Alert 2021-0135)
— Jan 20: Peru-Japan income tax treaty will apply beginning January 1, 2022 (Tax Alert 2021-0134)
— Jan 20: New regulations outline financial information banks must report to Peruvian tax authority (Tax Alert 2021-0133)
— Jan 15: Brazilian Superior Court of Justice addresses whether technical service fees are subject to withholding tax under treaty with Spain (Tax Alert 2021-0105)
— Jan 21: Ireland publishes updated Corporation Tax Roadmap (Tax Alert 2021-0147)
— Jan 20: Italian Tax Authorities issue final guidelines on Digital Services Tax (Tax Alert 2021-0132)
— Jan 20: Spain delays first reporting of Digital Services Tax and Financial Transaction Tax (Tax Alert 2021-0129)
— Jan 20: German Government issues draft law on modernization of withholding tax relief and various additional topics (Tax Alert 2021-0128)
— Jan 15: Poland introduces new obligation to publish reports on tax strategy (Tax Alert 2021-0113)
— Jan 15: Italian Government announces deferrals for DST payments for 2020 (Tax Alert 2021-0110)
— Jan 15: European Commission launches consultation on EU digital levy (Tax Alert 2021-0109)
— Jan 15: France introduces new tax and social security measures for 2021 (Tax Alert 2021-0107)
— Jan 21: The Latest on BEPS and Beyond | A 2020 review (Tax Alert 2021-0139)
— Jan 19: The latest on BEPS and Beyond for January 2021 (Tax Alert 2021-0122)
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.