World Tax Adviser

 A world of news with tax@hand

04/12/2020

Featured Article

  • Malaysia: Finance Bill 2020 includes various tax measures beyond those in 2021 budget speech

Germany

  • Draft law would mitigate issues related to extraterritorial taxation

Australia

  • More businesses to qualify for full expensing of depreciating assets

Belgium

  • Recovery reserve measure adopted by parliament

Cayman Islands

  • Economic substance reporting updates released

El Salvador

  • Tax considerations relating to December 2020 payroll

European Union

  • European Commission consults on extension of DAC to cryptoassets and e-money

Germany

  • Draft law proposes changes to anti-treaty shopping rules

India

  • Extension of mandatory GST e-invoicing as from 1 January 2021 announced

India

  • ITAT rules nonresident liable to penalty for not preparing transfer pricing records 

India

  • ITAT rules share premium account utilized to set-off losses not profit subject to MAT

Portugal

  • Draft budget law for 2021 proposes amendments to permanent establishment rules

Singapore

  • OECD Pillar Two blueprint: A Singapore perspective

Sweden

  • Supreme Administrative Court provides guidance on assessment of "real" establishment

United Arab Emirates

  • MOF conducts information sessions on CbC reporting requirements

United States

  • Deductibility of business expenses paid with forgiven PPP loan proceeds clarified

 

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