Category: Covid-19
Singapore: Draft Tax Bill In Singapore Seeks To Implement COVID-19 Related Tax Measures; Proposes 50% Surcharge On Tax Avoidance
On the 20th of July, the Singaporean government released a draft bill to adapt to the current waddling economy caused by the COVID-19. ... - Continue reading
Luxembourg: Law On Deferral Of DAC 6, CRS And FATCA Deadlines Voted!
Amendments to legislations regarding deadlines have been made and here they are. ... - Continue reading
Why now is the best time for South Africans to apply for Portugal’s Golden visa
Guidance for South Africans to gain residency in Portugal. ... - Continue reading
Fiscal policy key to overcoming pandemic’s impact on LatAm: UN agency
The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) has stated that Latin American SANTIAGO, July 6 (Xinhua) — Latin American countries must turn to effective fiscal policy to cushion the social and economic impact of the COVID-19 pandemic and reactivate local economies, the United Nations Economic… – Continue reading
Germany announces tax policy goals for Council of the EU Presidency
The German Presidency has put into place new legislations which will help revive the European economy. ... - Continue reading
Australia transfer pricing guidance addresses COVID-19 impact
Transfer pricing after COVID-19 in Australia. ... - Continue reading
Gov’t tightens property rules to stem speculation
More on property tax laws in South Korea. ... - Continue reading
Challenges for Transfer Pricing in an Economic Downturn
It is no surprise to anyone that we are now enterring a recession due to the economic chaos caused by the COVID-19. Consequently, countries all over the world have been adjusting their tax laws to the unprecedented turn of events. In this article, we will focus on transfer pricing laws. ... - Continue reading
Another COVID-19 Enforcement Tool: Money Laundering Law
This article discusses about the role of anti money laundering during the 2020 pandemic. ... - Continue reading
Indonesia defends digital tax policy despite US scrutiny
The USA seems to be relentless at discouraging the trending 'Digital Tax which seems inevitable now. France has also already shown a keenness towards its imposition, and now it's the turn of Indonesia. ... - Continue reading
Voices CARES Act offers overlooked opportunities for tax refunds, but first check cross-border prices
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, U.S. corporations can now elect to carryback losses incurred in 2020 for a five-year period (2015 to 2019). While losses incurred in 2018 and 2019 can also be carried back five years, this article addresses 2020 current year opportunities. The… – Continue reading
German cabinet passes stimulus tax measures
After the 2020 crisis, Germany has taken a few steps to fuel its economy. ... - Continue reading
Germany proposes substantial VAT rate reduction, tax loss carryback expansion
Proposals of expansion of tax loss carrybacks in 2020 from EUR 1 million to EUR 5 million. ... - Continue reading
Belgium to introduce tax loss carryback, recovery reserve in response to pandemic
Belgium comes up with more measures to counteract COVID-19 pandemic. ... - Continue reading
Bringing clarity to documenting intercompany financing during a pandemic
Light upon intercompany financing transactions in the midst of the current pandemic. ... - Continue reading
Whirlpool’s maquiladora: the Mexican transfer pricing perspective
A discussion of the court case of Whirlpool Financial Corporation vs the IRS with respect to a transfer pricing perspective. ... - Continue reading
India: Transfer Pricing And COVID-19 — Repercussions, Re-Evaluation And Way Forward
Here is a discussion on multinational enterprises (MNEs) and their possible treatment of the aftermath of the COVID-19 pandemic. ... - Continue reading
British Virgin Islands: BVI CbCR Reporting System And FATCA / CRS Deadlines Extended
Since March 2020, the BVI International Tax Authority (the "ITA") has been accepting electronic filings for Country-by-Country Reporting ("CbCR") following the lockdown situation. ... - Continue reading
Transfer pricing in the times of COVID-19: do’s and don’ts for adjusting comparable company searches
Guidance on transfer pricing transactions during the unprecedented crisis. ... - Continue reading
Canada: CRA Provides Temporary Relief From COVID-19 Cross-Border Tax Concerns
A look at the tax relief that Canada is providing during this unforeseen crisis. ... - Continue reading
Malta: OECD: Tax Implications Of COVID-19
Many offshore issues have been arisen from the pandemic. This has led many countries to take unprecedented measures, and OECD has been walking alongside them to provide guidance - Malta. ... - Continue reading
How to Determine Your Foreign Employees’ IIT Liability in China: COVID-19 Travel Ban Series
Guidance for companies in China with non-domiciled employees. ... - Continue reading
TAX HAVEN COMPANIES NOT EXCLUDED FROM DUTCH STATE AID
Due to the new pandemic, many countries throughout the world are offering tax relief to their businesses. Unlike a few countries though, Netherlands is not excluding its companies from its government assistance program despite their tax benefits from tax havens. ... - Continue reading
Canadian gov’t helps big businesses weather COVID-19 pandemic
Canada helps small and medium as well big businesses in the midst of the COVID-19 pandemic. ... - Continue reading
Stranded NRIs could be in for tax trouble
Some bad news for NRIs who are stuck in the lockdown. ... - Continue reading
Ireland: The Impact Of COVID-19 On Tax Residence And Permanent Establishments
On 23 March 2020, the Irish Revenue released its programme meant to relieve tensions around tax residence and permanent establishments. The reason? - you guessed it right - COVID-19. Here's more. ... - Continue reading
Revenue-neutral incentives proposed for capital market growth
Proposals from the Pakistan Stock Exchange for the upcoming budget. ... - Continue reading
Malta: Extension Of FATCA & CRS Deadlines
Deadline for CRS and FATCA reporting for the year 2019 extended till 30 June 2020. ... - Continue reading
Tax collection from services sector sharply falls 20pc in March
Official data shows that Pakistan has faced a sharp decline in its tax revenue in the month of March due to the coronavirus. ... - Continue reading
Stranded expats grapple with tax implications of covid-19 lockdown
The ordeal of expats in the midst of this COVID-19 crisis. ... - Continue reading
Tax Policy After Coronavirus: Clearing a Path to Economic Recovery
COVID-19 has forced the whole economic world to halt and alter its processes in order to be able to keep functioning as much as is possible. Here are some further proposed adjustments in the wake of the COVID-19. ... - Continue reading
COVID-19 and the future of Pillar one
2020 started with a focus on reformed tax laws concerning transfer pricing and the implementation of Pillar one from the OECD. This article delves further into the matter to bring more clarifications. ... - Continue reading
OECD boss: Coronavirus crash will not be as bad as Great Depression
By now, the whole world is preparing for an impending global recession due to the COVID-19. Different experts are presenting their different views on the matter. While many are expecting a recession that will hit harder than the Great Depression, the secretary-general of the OECD, Angel Gurria does not seem to be sharing the same opinion. Here are more details. ... - Continue reading
G20 finance ministers agree to continue work on taxation of digital economy
Over a virtual meeting due to the lockdown, G20 finance ministers have decided to keep on with their digital tax reform plan despite the COVID-19 pandemic.
Tracking Economic Relief Plans Around the World during the Coronavirus Outbreak
Updates about tax reliefs offered by countries from all over the world during this time of crisis. ... - Continue reading
OECD issues welcome guidance on tax treaty issues arising from the COVID‑19 crisis
OECD has released guidelines concerning the COVID-19. Here's more. ... - Continue reading
Traders press for incentive package to document economy
Pakistan urged for more incentives by traders. ... - Continue reading
Ireland: Covid-19 Ireland Update – Irish Corporate Tax Residence Considerations
Ireland updates its corporate tax legislations amidst the COVID-19 crisis. ... - Continue reading
OECD lists tax policy measures enacted by 90 countries in response to COVID-19 pandemic
The COVID-19 pandemic has caused countries to review and adjust their tax laws in order to better cope with the changes. Many of those measures can be found in the spreadsheet that the OECD has published. ... - Continue reading
