June 8, 2023 U.S. Tax This Week for June 9 Ernst & Young's U.S. Tax This Week newsletter for the week ending June 9 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.
————————————————————————— Our US employment tax rates and limits report for 2023 is updated through May 25, 2023 ————————————————————————— How to understand the new class of tax authority governance programs in Americas and EMEIA (June 14) Tax in a time of transition: Legislative, economic, regulatory and IRS developments (June 16) Accounting for income taxes: A quarterly perspective (June 20) Finance and treasury: How to navigate the changing global tax landscape (June 28) ————————————————————————— Internal Revenue Service — Jun 07: IRS declines or revokes tax-exempt status in four recent rulings (Tax Alert 2023-1019) — Jun 07: Proposed regulations outline new approach to selection process for Low-Income Communities Bonus Credit Program (Tax Alert 2023-1018) — Jun 07: IRS offers penalty relief for corporations that failed to pay estimated CAMT (Tax Alert 2023-1017) — Jun 06: IRS allows private foundation to set aside funds for developing novel therapies (Tax Alert 2023-1010) — Jun 05: PCORI fee due by July 31 (Tax Alert 2023-1004) International — Jun 08: South Africa announces another extension for Zimbabwe Exemption Permit holders to change immigration status (Tax Alert 2023-1027) — Jun 08: Malaysia announces new online "Xpats Gateway" portal for requesting support letters (Tax Alert 2023-1025) — Jun 07: Update on Australian foreign investment monetary thresholds for UK investors (Tax Alert 2023-1021) — Jun 06: UK implements changes to the Expansion Worker and Service Supplier routes (Tax Alert 2023-1009) — Jun 06: China introduces 'super-input VAT credit' policy for integrated circuit enterprises (Tax Alert 2023-1008) — Jun 05: Costa Rican Tax Authority updates the list of cross-border digital services subject to VAT (Tax Alert 2023-1007) — Jun 05: Australia | Update on new Register of Foreign Ownership (Tax Alert 2023-1006) — Jun 02: Turkey's country-by-country reporting notification deadline is 3 July 2023 (Tax Alert 2023-0997) — Jun 02: Germany to implement Single-Use Plastics levy from 2024, extending scope to certain fireworks from 2027 (Tax Alert 2023-0996) — Jun 02: German Federal Administrative Court confirms legality of local packaging tax in city of Tübingen (Tax Alert 2023-0995) — Jun 02: Luxembourg enacts tax transparency rules for digital platforms, makes other changes regarding administrative cooperation in tax matters (Tax Alert 2023-0990) — Jun 01: Brazil adopts new rule on individual taxation of financial investments, controlled entities and trusts held abroad (Tax Alert 2023-0982) — Jun 01: Denmark expands tax liability scope to include activities carried out in the Exclusive Economic Zone (Tax Alert 2023-0980) — Jun 01: Dominican Republic Executive Branch enacts law implementing mandatory electronic invoicing (Tax Alert 2023-0976) — Jun 01: UK announces changes to the Youth Mobility Scheme (Tax Alert 2023-0974) Legislation — Jun 07: What to expect in Washington (June 7) (Tax Alert 2023-1016) — Jun 02: US Senate committee approves tax convention with Chile; vote by full Senate is next (Tax Alert 2023-0992) States — Jun 06: North Dakota issues revised 2023 withholding tables reflecting personal income tax cuts passed by the state's legislature earlier this year (Tax Alert 2023-1011) — Jun 05: Iowa governor signs omnibus tax legislation (Tax Alert 2023-1005) ————————————————————————— Final Regulations
Proposed Regulations
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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