October 9, 2022 U.S. Tax This Week for October 7 Ernst & Young's U.S. Tax This Week newsletter for the week ending October 7 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.
————————————————————————— EY Tax.Tech™ Ecosystem series: Unlocking the power of connected tax analytics (October 20) Tax in the time of COVID-19: Update on legislative, economic, regulatory and IRS developments (October 21) US corporate income tax compliance: Insights from Tax Year 2021 and planning for the next age of compliance (October 26) BorderCrossings . . . With EY transfer pricing and tax professionals (October 27) ————————————————————————— Internal Revenue Service — Oct 04: IRS issues 2022 inflation adjustment factor for carbon sequestration credit (Tax Alert 2022-1503) — Oct 04: Farmers may not claim charitable deductions for donating crops to CRATs, and income from annuities purchased with crop proceeds is taxable to them (Tax Alert 2022-1502) — Oct 04: IRS rules that renewable energy facility is not public utility property (Tax Alert 2022-1498) — Oct 04: IRS revokes entity's exempt status as a supporting organization (Tax Alert 2022-1497) International — Oct 06: Poland announces expansion of the Poland Business Harbor Program (Tax Alert 2022-1518) — Oct 06: EY Canada's Tax Matters @ EY for October 2022 (Tax Alert 2022-1513) — Oct 06: Finland prohibits certain Russian nationals from entering as tourists (Tax Alert 2022-1512) — Oct 05: OECD publishes Manual on Bilateral APAs (Tax Alert 2022-1508) — Oct 05: Spain approves legislation on mandatory electronic invoicing (Tax Alert 2022-1507) — Oct 05: Colombia extends due date to submit initial ultimate beneficial owners' information (Tax Alert 2022-1501) — Oct 04: ECOFIN adopts revised list of non-cooperative jurisdictions for tax purposes; Pillar Two Directive not on the agenda (Tax Alert 2022-1500) — Oct 04: Netherlands announces limitations to 30%-facility (Tax Alert 2022-1496) — Oct 04: Australian Treasury releases consultation paper on BEPS 2.0 two-pillar global agreement (Tax Alert 2022-1494) — Oct 04: United Arab Emirates outlines changes to short-term and long-term visa categories (Tax Alert 2022-1491) — Oct 04: EU Member States politically agree on electricity revenue cap and solidarity contribution of fossil fuel sector (Tax Alert 2022-1488) — Oct 03: South Africa extends expired visas for certain foreigners with pending visa or waiver applications (Tax Alert 2022-1486) — Oct 04: UK Government updates income tax proposal from its mini-Budget (Tax Alert 2022-1485) — Oct 03: Poland proposes change to shifted profits tax that places burden of proof on the Polish taxpayer (Tax Alert 2022-1484) — Oct 03: USCIS extends Green Card validity extension to 24 months for Green Card renewals (Tax Alert 2022-1483) — Oct 03: Kenyan citizens must obtain biometric e-passports by November 30 (Tax Alert 2022-1482) — Sep 30: Mexico announces electronic Multiple Immigration Forms pilot program at select airports (Tax Alert 2022-1475) — Sep 30: Malaysia announces new DE Rantau Nomad Pass for digital nomads (Tax Alert 2022-1474) — Sep 30: El Salvador’s Tax Authority publishes list of tax havens for 2023 (Tax Alert 2022-1471) — Sep 30: Denmark provides withholding tax exemption for nonresident charities as of 1 January 2023 (Tax Alert 2022-1470) — Sep 30: Ireland announces Budget 2023 (Tax Alert 2022-1461) Legislation — Sep 30: What to expect in Washington (September 30) (Tax Alert 2022-1469) States — Oct 06: Sales and Use Tax Quarterly Update for fourth quarter of 2022 (Tax Alert 2022-1514) — Oct 05: Puerto Rico's Treasury Department extends sales tax exemption for prepared food because of Hurricane Fiona to October 13, 2022 (Tax Alert 2022-1511) — Oct 05: Virginia revised income tax withholding tables and formulas apply for wages paid on and after October 1, 2022 (Tax Alert 2022-1509) — Oct 04: Cleveland ordered to refund municipal income tax to Pennsylvania remote worker (Tax Alert 2022-1504) — Oct 04: South Carolina lawmakers lower highest marginal tax rate retroactive to January 1, 2022 (Tax Alert 2022-1499) — Oct 04: North Carolina makes technical and clarifying changes to its franchise tax laws (Tax Alert 2022-1492) — Oct 03: Arkansas income tax withholding rates are updated effective October 1, 2022 to reflect law lowering the top income tax rate (Tax Alert 2022-1487) — Sep 30: State corporate income and franchise tax developments in the third quarter of 2022 (Tax Alert 2022-1479) — Sep 30: Puerto Rico's Treasury Department issues guidance on the tax measures and extended due dates in place because of Hurricane Fiona (Tax Alert 2022-1476) ————————————————————————— State and Local Tax Weekly
ITS/Washington Dispatch Tax treaties
>Treasury and IRS news
Transfer pricing news
OECD developments
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Notices
Internal Revenue Bulletin
Because the matters covered herein are complicated, U.S. 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. | ||||||||||||||||||||||||||||