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Articles:

BDO Corporate Tax News - Issue 59

30 July 2021

Original content provided by BDO

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 

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