Australian Commissioner of Taxation issues new draft ruling in respect of software distribution models
Australia
PCG 2024/1: Intangibles migration arrangements
Hong Kong SAR
Legislation introducing new tax deduction for spectrum utilization fees enacted
India
Safe harbor rules for intragroup financing arrangements aligned with global standards
Philippines
Clarification of taxation of cross-border services provided by nonresident entities
Taiwan (China)
MOF amends regulations governing application of accrued CFC income
United Kingdom
Government publishes simplification update
United States
FASB issues ASU on income tax disclosures
IRS expands scope of letter ruling program for corporate transactions
IRS publishes transitional guidance for reporting of digital asset payments
Vietnam
Overview of resolution to introduce global minimum tax
Tax treaty round up
Recent developments with respect to the following tax treaties: Algeria-Japan, Andorra-Iceland, Croatia-Hong Kong SAR, Cyprus-France, Egypt-Qatar, France-Kenya, and Kyrgyzstan-Netherlands, plus an update on certain bilateral tax treaties and protocols that are in effect (or were terminated) as from 1 January 2024 with respect to their provisions on withholding taxes.
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