June 20, 2021 U.S. International Tax This Week for June 18 Ernst & Young's U.S. International Tax This Week newsletter for the week ending June 18 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.
————————————————————————— The indirect tax technology journey: Now. Next. Beyond. (June 23) 2021 outlook for international tax reform (June 29) President Biden’s executive order on supply chains (June 30) ————————————————————————— United States — Jun 16: US-EU announce Joint Cooperative Framework for Large Civil Aircraft; Suspend punitive tariffs on wide range of products for five-year period (Tax Alert 2021-1199) — Jun 11: USCIS issues policy manual updates to improve immigration services (Tax Alert 2021-1165) Africa — Jun 15: Kenya proposes changes to Tax Appeals Tribunal Act, 2013 (Tax Alert 2021-1186) Asia — Jun 16: Armenian tax authorities begin transfer pricing audits (Tax Alert 2021-1195) Canada & Latin America — Jun 17: Chilean tax authorities are evaluating foreign service providers' compliance with recently enacted VAT on digital services (Tax Alert 2021-1210) — Jun 17: Chilean tax authorities issue resolution amending the regulations for claiming reduced withholding rates (Tax Alert 2021-1207) — Jun 17: The treaty for the avoidance of double taxation between Brazil and Switzerland has been ratified by the Brazilian President's sanction (Tax Alert 2021-1204) — Jun 16: Argentina enacts law raising corporate income tax rates (Tax Alert 2021-1203) — Jun 16: Argentine Central Bank issues new guidance for certain entities to access to the official foreign exchange market (Tax Alert 2021-1192) — Jun 15: Ecuador's president announced foreign trade and investment policy measures (Tax Alert 2021-1189) — Jun 11: El Salvador approves bitcoin as legal tender (Tax Alert 2021-1171) — Jun 11: Canadian government begins to ease travel restrictions in July 2021 (Tax Alert 2021-1166) Europe — Jun 16: Luxembourg Tax Authorities issue guidance on the “equity escape clause” under interest limitation rules (Tax Alert 2021-1194) — Jun 16: Poland announces plans to propose broad incentives for investors (Tax Alert 2021-1187) — Jun 15: The Latest on BEPS and Beyond for June 2021 (Tax Alert 2021-1184) — Jun 14: G7 leaders affirm commitment to global tax changes under BEPS 2.0 (Tax Alert 2021-1179) — Jun 11: Jersey and Guernsey to extend economic substance rules to partnerships (Tax Alert 2021-1168) — Jun 11: EU's framework for interoperable digital certificates of vaccination, testing and recovery to take effect on July 1 (Tax Alert 2021-1164) Middle East — Jun 15: Turkey sets effective date for Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (Tax Alert 2021-1185) — Jun 14: Turkey approves Tax Amnesty Law (Tax Alert 2021-1177) — Jun 14: Israel and United Arab Emirates sign tax treaty (Tax Alert 2021-1170) Oceania — Jun 17: New trade agreement between UK and Australia includes multiple immigration provisions (Tax Alert 2021-1213) — Jun 17: UK and Australia agree on trade deal (Tax Alert 2021-1197) ————————————————————————— 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. | ||||