BDO Corporate Tax News summarises recent tax developments of international interest across the world.
In this issue:
- Saudi Arabia: Beneficial regional headquarters regime in effect
- Australia: New Australian thin capitalisation rules now enacted
- Colombia:
- Place of effective management rules clarified
- Reminder to update the UBO tax registry
- Significant economic presence
- European Union:
- Netherlands: AG opines on the Dutch interest expense deduction limitation rule: Does this portend a shift in interest deductions for EU businesses?
- Tax blacklist down to 12 jurisdictions
- India: ITAT rejects virtual service PE concept, emphasises physical presence of employees for a service PE
- International: Corporate tax bytes
- Japan: New innovation box and changes to deductibility of entertainment expenses and tax credit for salary increases
- Malaysia: Changes proposed to capital gains tax and e-invoicing
- Malta: Pillar Two rules enacted
- Netherlands: 2025 budget tax plans
- Singapore:
- Singapore budget 2024 bulletin
- New refundable investment credit scheme to offset impact of Pillar Two rules
- South Africa: Tax incentives in 2024 budget
- United Arab Emirates: Public consultation on global minimum tax
- United Kingdom: Spring Budget 2024: What you need to know
- United States:
- Final rules on domestically controlled REIT status subject more foreign investors to U.S. tax
- Treasury, IRS release final regulations on transfer of certain energy tax credits