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BDO Corporate Tax News summarises recent tax developments of international interest across the world.
In this issue:
- Global minimum tax: G-20 backs G-7 support for global minimum tax and new allocation rules – what’s the real impact?
- Argentina: Progressive corporate income tax rate system introduced
- Australia: ATO releases compliance guidance for intangible arrangements with cross-border related parties
- Botswana: Enacted budget measures include rate changes and tax amnesty
- Canada: Budget 2021 proposes earnings-stripping rules
- Ecuador: Special regime for micro enterprises offers beneficial tax rate
- European Union:
- Reporting obligations in the digital platform economy
- European Commission publishes communication on business taxation for the 21st century
- EU General Court rules in favour of Amazon in state aid case
- Germany:
- Real Estate Transfer Tax rules tightened
- BMF issues guidance on tax compliance obligations relating to German-registered IP rights
- Hungary: Hungary declines to endorse plan for global minimum tax
- India: Certain goodwill no longer eligible for depreciation
- Latvia: Revised CIT regime provides potential benefits and opportunities for shareholders
- Mexico: Far-reaching labour reform addresses outsourcing arrangements and has tax consequences
- Panama: Overview of changes to special tax regimes and introduction of new regime
- Serbia: New legal and tax framework for digital assets
- Singapore: General anti-avoidance provisions enhanced
- Sri Lanka: Strike it rich with tax-free investments!
- United Kingdom:
- Finance Act 2021 impacts deferred tax in company accounts: IFRS and US GAAP treatment
- Responsible Tax: Including tax in Environmental, Social and Governance criteria
- United States: Treasury’s “green book” provides details on administration’s tax blueprint
- Zimbabwe: Tax authorities revise compliance obligations due to COVID-19