February 6, 2022 U.S. International Tax This Week for February 4 Ernst & Young's U.S. Tax This Week newsletter for the week ending February 4 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.
————————————————————————— International tax talk quarterly series…With the EY Global Tax Desk Network (February 8) What India’s 2022-23 Budget could mean for its economy (February 9) ————————————————————————— United States — Feb 03: Updated US list of foreign currency futures contracts - starting point for IRC Section 1256 (Tax Alert 2022-0195) Africa — Feb 02: Kenya High Court rules that sale of copyrighted material is not a royalty and does not attract withholding tax (Tax Alert 2022-0183) Asia — Feb 02: Recent changes to Taiwan's tax legislation discussed (Tax Alert 2022-0191) Canada & Latin America — Feb 03: EY Canada's Tax Matters @ EY for February 2022 (Tax Alert 2022-0196) — Feb 01: Digital nomads now eligible to work from Brazil (Tax Alert 2022-0181) — Jan 31: Peruvian tax authority establishes guidelines on using Peruvian banking system to pay for indirect transfers of shares (Tax Alert 2022-0177) — Jan 31: Mexico suspends visa waivers for Brazilian and Venezuelan citizens (Tax Alert 2022-0176) — Jan 28: Peruvian tax authority establishes guidelines for permanent establishments (Tax Alert 2022-0163) Europe — Feb 03: PE Watch | 2021 in review (Tax Alert 2022-0198) — Feb 03: Danish Tax Administration publishes new guidance on submission deadline for Master Files covering income years as of 1 January 2021 (Tax Alert 2022-0193) — Feb 02: CJEU rules that Spain’s penalty regime for failure to report overseas assets and rights to tax authorities is contrary to EU law (Tax Alert 2022-0188) — Jan 28: German Ministry of Finance publishes guidance on German royalty deduction limitation rule (Tax Alert 2022-0165) — Jan 28: Spain’s Tax Authority issues ruling on remote workers and permanent establishments during and after COVID-19 restrictions (Tax Alert 2022-0162) Middle East — Feb 03: UAE to introduce corporate tax for financial years starting 1 June 2023 (Tax Alert 2022-0192) — Feb 02: Turkey enacts law to postpone inflation accounting and provides corporation tax exemption on gains related to conversions into Turkish Lira (Tax Alert 2022-0185) — Feb 02: Turkey reduces its corporation tax rate by one point for certain corporations on specified income (Tax Alert 2022-0184) Multinational — Jan 31: OECD releases 2021 update on peer review of preferential tax regimes (Tax Alert 2022-0175) — Jan 28: OECD Council opens accession discussions with Peru as a candidate for OECD membership (Tax Alert 2022-0166) ————————————————————————— Internal Revenue Bulletin
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