January 22, 2023 U.S. Tax This Week for January 20 Ernst & Young's U.S. Tax This Week newsletter for the week ending January 20 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.
————————————————————————— How life sciences tax departments are preparing for sustainability (January 24) International tax talk quarterly series: With the EY Global Tax Desk Network (January 24) ————————————————————————— Internal Revenue Service — Jan 18: IRS temporarily relieves foreign financial institutions from reporting US TINs for certain accounts, provided various requirements are satisfied (Tax Alert 2023-0119) — Jan 13: QUEST Economic Update highlights key US and global economic trends - January 13, 2022 (Tax Alert 2023-0101) — Jan 12: IRS releases interim guidance on 15% corporate alternative minimum tax (Tax Alert 2023-0091) — Jan 12: New law significantly increases complexity of SSAP No. 101 for insurance companies (Tax Alert 2023-0087) — Jan 12: IRS starts issuing guidance on clean vehicle credits under IRC Sections 30D, 45W and 25E (Tax Alert 2023-0076) International — Jan 19: Brazil announces tax recovery measures (Tax Alert 2023-0127) — Jan 19: Guatemala's Ministry of Public Finance amends Value Added Tax Regulations (Tax Alert 2023-0126) — Jan 19: Honduras' ZEDE regime is recognized as abolished following review by OECD Forum on Harmful Tax Practices (Tax Alert 2023-0125) — Jan 19: South Korea announces new COVID-19-related restrictions for travelers arriving from China Mainland, Hong Kong and Macau (Tax Alert 2023-0124) — Jan 18: UAE implements mandatory unemployment insurance scheme (Tax Alert 2023-0121) — Jan 18: Brazilian Federal Revenue Service issues new PIS and COFINS Regulation (Tax Alert 2023-0120) — Jan 18: Ireland provides early notification, refunds for invalid General Employment Permit applications (Tax Alert 2023-0117) — Jan 18: Peru enacts new rules for tax incentives of expenses related to research and development (Tax Alert 2023-0116) — Jan 18: Companies incorporated in Tanzania Mainland are no longer required to register a subsidiary company in Zanzibar (Tax Alert 2023-0114) — Jan 18: Switzerland updates occupation list released for 2023 (Tax Alert 2023-0110) — Jan 18: UK provides final response summarizing review findings for Tier 1 Investor Visa Route (Tax Alert 2023-0109) — Jan 17: The Latest on BEPS and Beyond | January 2023 (Tax Alert 2023-0112) — Jan 17: Portugal amends contribution on single-use packaging made of plastic or aluminum, or multi-material with plastic or aluminum on ready-to-eat meals (Tax Alert 2023-0111) — Jan 17: Spain limits scope of use and enjoyment VAT rule from 2023 (Tax Alert 2023-0107) — Jan 17: France implements measures to address high energy prices (Tax Alert 2023-0104) — Jan 13: Clarifications and further guidance provided for Spain's plastic packaging tax which came into force on 1 January 2023 (Tax Alert 2023-0100) — Jan 13: Australia reintroduces COVID-19 screening for travelers from China (Tax Alert 2023-0098) — Jan 13: India announces new COVID-19-related entry requirements for travelers arriving from certain jurisdictions (Tax Alert 2023-0097) — Jan 13: Luxembourg amends Common Reporting Standard list of participating and reportable jurisdictions (Tax Alert 2023-0096) — Jan 13: Ghana enacts various amendments to tax laws introduced in the 2023 Budget Statement (Tax Alert 2023-0095) — Jan 12: Israel provides revised salary requirements, immigration application processing fees and COVID-19 testing requirements for travelers from China Mainland (Tax Alert 2023-0090) — Jan 12: Expert committee proposes changes to Norwegian tax system (Tax Alert 2023-0088) — Jan 12: PE Watch | Latest developments and trends, January 2023 (Tax Alert 2023-0085) — Jan 12: Japan announces new COVID-19-related restrictions for travelers arriving from China Mainland and Macau (Tax Alert 2023-0084) — Jan 12: UK's High Court rules EU Settlement Scheme unlawful (Tax Alert 2023-0083) — Jan 12: Costa Rica introduces new digital DIMEX Cards for foreign residents (Tax Alert 2023-0082) — Jan 12: France announces new COVID-19-related entry requirements for travelers arriving from China Mainland (Tax Alert 2023-0081) — Jan 12: Qatar announces new COVID-19-related entry requirements for travelers arriving from China Mainland and Hong Kong (Tax Alert 2023-0080) — Jan 12: Malaysia announces new requirements for employers when hiring or terminating foreign nationals (Tax Alert 2023-0079) — Jan 12: Italy announces new COVID-19 restrictions for travelers arriving from China Mainland (Tax Alert 2023-0078) — Jan 12: Dubai reduces threshold for imposing customs duties on imports of consignments (Tax Alert 2023-0077) States — Jan 19: Upcoming business tax filing deadlines in San Francisco and Los Angeles (Tax Alert 2023-0128) — Jan 19: Preliminary state unemployment insurance tax facts for 2023 (as of January 17, 2023) (Tax Alert 2023-0123) — Jan 18: Texas Comptroller proposed amendments to apportionment rule in response to recent litigation (Tax Alert 2023-0118) — Jan 17: Puerto Rico's new tax credit management system will be available beginning January 18, 2023 (Tax Alert 2023-0106) — Jan 12: Massachusetts will likely not require withholding of the millionaire income tax surtax in 2023 (Tax Alert 2023-0086) ————————————————————————— ITS/Washington Dispatch
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Revenue Rulings
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. | ||||||||||||||||
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