World Tax Adviser

Featured article

• Hong Kong SAR passes global minimum tax and domestic minimum top-up tax legislation 

Australia

• ATO releases draft PCG on inbound, cross-border related party financing arrangements

Bermuda

• Corporate income tax administrative regulations released

Brazil

• Government publishes new decrees increasing IOF rates

European Union

• CJEU considers Austrian law denying WHT refund to nonresident investment fund

Germany

• BFH clarifies Foreign Tax Act income adjustment rule for permanent establishments
• New government adopts draft law to introduce tax incentives for investment boost

Greece

• Amendment to development law approved by parliament

Hong Kong SAR

• Highlights of 2024 annual meeting between Inland Revenue Department and HKICPA

Mexico

• Maquiladoras may need to change their transfer pricing methodology for 2025

OECD

• Summary released of common errors made by MNE groups preparing CbC reports
• Transfer pricing country profiles released for 13 jurisdictions, with new sections

United Arab Emirates

• Corporate tax exemption extended to certain foreign entities

United States

• House Republicans pass tax bill, bill heads to the Senate

Various jurisdictions

• Global trade updates

Download the full newsletter here