April 13, 2023 U.S. Tax This Week for April 14 Ernst & Young's U.S. Tax This Week newsletter for the week ending April 14 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.
————————————————————————— Updated EY publication includes income tax law changes enacted at the close of Q1 2023 EY TradeWatch | Issue 1, 2023 ————————————————————————— What you need to know about the new Superfund Tax Proposed Regulations (April 19) Tax in a time of transition: Legislative, economic, regulatory and IRS developments (April 21) US corporate income tax compliance: Tax year 2022 readiness and planning for what’s next and beyond (April 26) Servitization: How to unlock the future of XaaS business models (April 27) BorderCrossings... With EY transfer pricing and tax professionals (April 27) EY Tax.Tech™ Ecosystem series: Preparing for OECD Pillar Two global minimum tax calculations, provision and compliance requirements (May 4) ————————————————————————— Internal Revenue Service — Apr 11: IRS announces that Form 8940 must be filed electronically and the Business Master File will be terminated (Tax Alert 2023-0695) — Apr 06: IRS releases guidance on definition of energy communities for bonus IRC Sections 45 and 48 credits (Tax Alert 2023-0675) International — Apr 12: Australian Treasury releases Exposure Draft Bill — Multinational tax transparency public country-by-country reporting (Tax Alert 2023-0702) — Apr 11: Global Tax Policy and Controversy Watch | April 2023 edition (Tax Alert 2023-0697) — Apr 11: Saudi Arabia approves amendments to the Transfer Pricing Bylaws to include zakat payers as part of covered entities (Tax Alert 2023-0694) — Apr 11: UAE announces the creation of a new flexible work permit for freelancers “of all skill levels” (Tax Alert 2023-0692) — Apr 11: Sweden set to implement major changes relating to EU Blue cards (Tax Alert 2023-0691) — Apr 10: Argentine tax authorities suspend the validity of exemption certificates for income tax and VAT withholdings on imports of goods (Tax Alert 2023-0690) — Apr 10: Uruguay enacts law with tax adjustments for PIT and Social Security Assistant Tax taxpayers (Tax Alert 2023-0688) — Apr 07: India announces key tax proposals impacting individuals and employers in fiscal budget 2023 (Tax Alert 2023-0684) — Apr 07: Luxembourg amends some procedural tax rules (Tax Alert 2023-0682) — Apr 06: UK concludes negotiations to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership (Tax Alert 2023-0677) — Apr 06: EY Canada's Tax Matters @ EY for April 2023 (Tax Alert 2023-0674) — Apr 05: OECD releases fifth annual peer review report on BEPS Action 6 relating to the prevention of treaty abuse (Tax Alert 2023-0671) — Apr 05: Malaysia implements instant approval of employer submitted expatriate projection applications (Tax Alert 2023-0669) — Apr 05: Singapore Enhanced medical insurance requirements for Work Permit and S Pass holders from July 1 (Tax Alert 2023-0668) — Apr 05: Ireland launches consultation on EU Minimum Tax Directive and proposed legislative approach (Tax Alert 2023-0666) — Apr 04: Albania introduces Single Permits and new Residence Permits for specific categories of foreign nationals (Tax Alert 2023-0665) — Apr 04: Australian Treasury releases Exposure Draft Bill to deny deductions for payments by significant global entities to low-tax jurisdictions relating to intangible assets (Tax Alert 2023-0664) — Apr 04: South Africa announces automatic extensions for eligible visa holders until December 31 (Tax Alert 2023-0663) — Apr 04: Kenya High Court upholds that interchange fees are financial services exempt from VAT (Tax Alert 2023-0662) — Apr 04: Bulgaria introduces new temporary obligation for solidarity contribution (Tax Alert 2023-0661) — Apr 04: Canada Federal budget 2023/24: A made-in-Canada plan (Tax Alert 2023-0658) — Apr 04: Singapore updates scoring criteria under the new Complementary Assessment framework (Tax Alert 2023-0655) — Apr 04: Hong Kong requires applicants under four Talent Admission Schemes to submit visa and entry permit applications online (Tax Alert 2023-0652) Legislation — Apr 12: CMS issues FY 2024 proposed Medicare inpatient and long-term care hospital payment rule (Tax Alert 2023-0699) — Apr 06: CMS issues CY 2024 Medicare Advantage, Part D updates (Tax Alert 2023-0679) States — Apr 11: Mississippi law brings clarity to the application of state sales and use tax to computer software, exempts software maintained on an out-of-state server (Tax Alert 2023-0693) — Apr 06: New York budget negotiations continue with extended budget deadline (Tax Alert 2023-0680) ————————————————————————— Proposed Regulations
Revenue Rulings
Announcements
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. | ||||||||||||||||||||||