Weekly brews Archives - Tax Monday

Weekly brews

Weekly tax policy updates

TAX POLICY BREW FOR APRIL W4 2024

Weekly brewsApril 30, 2024

Targeting Treaty Abuse and Enhancing Cross-Border Tax Transparency Germany-Luxembourg Tax Treaty: Incorporates a 'principal purpose test' and new dividend taxation rules, specifically addressing treaty shopping and aligning with BEPS Action 6. Singapore's Enhanced Reporting for Foreign Income: Mandates comprehensive disclosure of foreign subsidiary earnings to increase transparency in international tax dealings. Netherlands' Refined Corporate Tax Compliance: Introduces detailed country-by-country reporting requirements for multinationals, aimed at preventing aggressive tax planning. Global Harmonization of Tax Standards through BEPS Adoption Armenia and Ivory Coast Embrace BEPS MLI: Implementing specific measures against treaty abuse and establishing dispute resolution mechanisms in line with BEPS actions. Liechtenstein's Pillar 2 Minimum Tax Compliance: Adopts a 15% minimum corporate tax rate for large multinationals, enforcing fair tax competition as per OECD guidelines. Brazil's Implementation of BEPS Action Items: Embraces various BEPS initiatives, including enhanced reporting and stricter rules on tax treaty abuse. Strategic Enhancement and Expansion of International Tax Treaties Cambodia-Turkey Tax Treaty: Establishes clear permanent establishment criteria and standardized withholding tax rates for passive incomes. Ukraine's Tax Treaty Modernization: Updates bilateral treaties with BEPS-compliant measures to prevent tax evasion and double taxation. Australia-New Zealand Treaty Redefinition: Aims to eliminate double taxation, with a focus on cross-border income, including dividends and interest. Tax Policies Adjusted for Economic Resilience and Environmental Sustainability Saudi Arabia's Extended Relief in Tax Penalties: Offers specific exemptions from late filing and under-reporting penalties as an economic relief measure. Bermuda's Alignment with Global Tax Norms: Implements a 15% corporate tax for large MNEs, targeting entities with revenues above €750 million as per OECD Pillar 2. Ireland's Green Energy Tax Incentives: Introduces reduced VAT rates for solar panel installations, promoting renewable energy investments. National Tax Reforms in Response to Global Economic Shifts Ukraine's Comprehensive Tax Overhaul 2024-2030: Features corporate tax rate reductions and personal income tax system revisions for enhanced growth and compliance. Greece's Streamlined and Efficient Tax Code: Focuses on digitizing and simplifying tax processes to reduce complexities for businesses and individuals. Advancing Digitalization in Tax Administration for Improved Compliance Greece's Mandatory myDATA Electronic Reporting: Requires electronic submission of transactional data to tackle VAT fraud and enhance revenue collection efficiency. Italy's Automated Tax Filing and Payment Systems: Implements digital platforms for tax processes to minimize errors and improve administrative efficiency.

TAX POLICY BREW FOR APRIL W3 2024

Weekly brewsApril 30, 2024

TAX POLICY BREW FOR APRIL W2 2024

Weekly brewsApril 21, 2024

TAX POLICY BREW FOR APRIL W1 2024

Weekly brewsApril 8, 2024

TAX POLICY BREW FOR MARCH W2 2024

Weekly brewsMarch 19, 2024

TAX POLICY BREW FOR MARCH W1 2024

Weekly brewsMarch 11, 2024

TAX POLICY BREW FOR FEBRUARY W4 2024

Weekly brewsMarch 4, 2024

TAX POLICY BREW FOR FEBRUARY W3 2024

Weekly brewsFebruary 21, 2024

tax policy news

TAX POLICY BREW FOR FEBRUARY W2 2024

Weekly brewsFebruary 12, 2024

TAX POLICY BREW FOR FEBRUARY W1 2024

Weekly brewsFebruary 7, 2024