World Tax Adviser

 A world of news with tax@hand

01/12/2023

Featured articles

  • Tax highlights of Canada’s 2023 Fall Economic Statement
  • Key measures for foreign owned groups in the UK’s Autumn Statement 2023

Australia

  • Franked distributions funded by capital raisings measure receives royal assent

Barbados

  • Tax reform announced in response to Pillar Two initiative

Bermuda

  • Corporate income tax draft legislation released

Cyprus

  • Final version of electronic system of the register of beneficial owners announced

Germany

  • Lower house of parliament approves legislation to implement EU Pillar Two directive
  • Upper house of parliament does not approve draft business tax reform bill

Greece

  • Legislation enacts EU public country-by-country reporting directive

Hong Kong SAR

  • Bill proposes important enhancements to preferential tax regime for aircraft leasing

India

  • Annual reports issued on APA program, including MAP information

Luxembourg

  • Pillar Two: Revised draft legislation released

Singapore

  • IRAS updates guidance on deductibility of borrowing costs other than interest expense

United States

  • Proposed currency regulations under IRC section 987 and related rules

Download the full newsletter here