BDO Corporate Tax News - Issue 64

BDO Corporate Tax News summarises recent tax developments of international interest across the world. 

In this issue:

  • Argentina: Mandatory disclosure regime suspended until end of 2022
  • Australia: Budget 2022-23 includes measures affecting MNEs, including changes to the thin cap rules
  • Brazil: Post-election tax reform: What can we expect?
  • Cambodia: Guidance issued on related party loans
  • China: New temporary incentives to support scientific and technological innovation
  • European Union: Francer: Corporate tax measures in 2023 draft finance bill
    • European Commission seeks input on BEFIT
    • Luxembourg: CJEU rules no state aid in Fiat case
    • Three jurisdictions added to list of noncooperative jurisdictions for tax purposes
    • Germany: CJEU rules in favour of Germany on PE final loss deduction
    • Five member states release statement on unilateral implementation of Pillar 2
  • Hong Kong: Bill on proposed FSIE regime to be further revised to address EU concerns 
  • International: Corporate - tax bytes
  • Ireland:
    •  Finance bill 2022 published
    • 2023 budget measures affecting businesses
  • Korea: Tax exemption for interest and capital gains of nonresidents and key corporate measures for 2023
  • Malaysia: Highlights of corporate tax measures in Budget 2023
  • Netherlands: 
    • Supreme Court uses static approach to interpretation of old treaty with Germany
    • One-time windfall tax to be levied on fossil fuel companies for 2022
    • Highlights of main tax proposals in budget 2023
    • Consultation launched on Minimum Tax Act 2024 (Pillar Two)
  • Poland: DAC 7 implementation rules being drafted
  • Singapore: Administrative concession for employer contributions to mandatory pension/provident funds to be withdrawn
  • South Africa: Navigating the logistics of the corporate income tax rate reduction
  • Thailand: Enhanced focus on international business
  • United Kingdom: 
    • Autumn Statement: what can we expect?
    • Tax transparency moves a step closer for the gig economy
    • Mini budget measures include scrapping of planned corporate tax rate increase
  • United States: What the new corporate AMT means for your business
     

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