Category: Covid-19
Spain extends tax residency rules to lockdown-enforced stays
Bad news for travellers stuck in Spain due to the COVID-19 lockdown! ... - Continue reading
Taxation, growth negatively correlated: survey
The Pakistan Institute of Development Economics (PIDE) survey recently stated that Pakistan should review and amend its taxation policy in order to accelerate its economy. ... - Continue reading
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
