International Tax Round-up - May 2021.
Legal News & Analysis - Asia Pacific - Tax
7 June 2021
This publication gives an overview of key international tax developments across the Linklaters network. Please click here to read the publication.
OECD opinion on interpretation and implementation of the MLI
EU Commission announces an ambitious package of measures for “Business Taxation for the 21st century”
State aid or acceptable arm’s length taxation of the digital economy? – General Court of the European Union annuls the decision of the European Commission against Amazon
Roaming services correctly subject to VAT under use and enjoyment rules
Federal Budget 2021-2022
EU judges oblige tax authorities to apply anti-abuse provisions
ATAD Implementation Act adopted
Act to Modernise the Corporate Income Tax Law adopted
Withholding Tax Relief Modernisation Act adopted
Reformed real estate transfer tax regime enters into force on 1 July 2021
New tax exemption for dividends derived by EU/EEA investment funds: first clarifications issued by the Italian tax authorities
Legislative proposal dividend withholding tax regarding distributions to low-tax jurisdictions and in situations of abuse
Call for evidence on simplifying the VAT rules applicable to land
Tribunal allows unilateral credit for US tax when treaty did not apply
Should there be questions or in case you are interested to further discuss any of the developments, please do not hesitate to contact your local Linklaters tax team.
For further information, please contact:
Dick Hofland, Partner, Linklaters