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World Tax Advisor

A world of news with tax@hand.

World Tax Advisor presents tax news, commentary and insights from around the world, including a once-monthly tax treaty update, written by professionals of the member firms of Deloitte and focusing on analyses of cross-border tax developments that reflect the dynamic business environment faced by multinationals. This weekly newsletter links readers directly to top stories reported on Deloitte tax@hand, Deloitte’s global tax news and information resource for tax and business professionals.

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December 16, 2022

Featured Articles

  • OECD Pillar One: Consultation on Amount B transfer pricing distribution return

European Union

  • DAC 8 proposal would require service providers to report crypto asset users
  • EU ambassadors reach agreement on Pillar Two directive
  • VAT in the digital age: Proposal for digital reporting requirements and e-invoicing


  • Proposal would expand taxing rights to indirect transfers of real estate investments


  • High court rules on attribution of all losses to limited number of shareholders


  • Amended RETT rules would increase importance of timely filed notifications

Hong Kong SAR

  • Legislative Council passes FSIE regime, government provides updates


  • Equalisation levy does not apply to online advertising for a nonresident audience

Saudi Arabia

  • ZATCA extends amnesty for tax fines

United States

  • Roadmap: Income Taxes (December 2022)



December 9, 2022
Germany's lower house approves bill that would reduce scope of extraterritorial taxation

December 2, 2022
US Treasury, IRS release proposed foreign tax credit regulations

November 18, 2022
Sweeping changes to US tax code less likely as voters split control of House and Senate

November 11, 2022
SAR publishes foreign-sourced income exemption draft legislation and guidelines

November 4, 2022
Hong Kong SAR publishes foreign-sourced income exemption draft legislation and guidelines

October 28, 2022
CJEU ruling addresses German exclusion of foreign PE’s final losses

October 21, 2022
Norway 2023 state budget published

October 14, 2022 
OECD Forum on Tax Administration publishes Bilateral Advance Pricing Arrangement Manual

October 7, 2022 
Australian Treasury releases consultation paper on global agreement on corporate taxation

September 30, 2022 
Key tax measures in UK mini-budget 2022

September 23, 2022 
Dutch Ministry of Finance publishes tax plan for 2023

September 16, 2022 
Likely tax policy implications of appointment of new UK prime minister

September 2, 2022
France’s 2022 amended finance law and “purchasing power law” enacted

August 26, 2022
Hong Kong SAR defers Pillar Two implementation

August 19, 2022
Overview of key tax provisions in US Inflation Reduction Act

August 5, 2022
German MOF issues draft bill that would significantly reduce scope of ETT/ORIP rules

July 29, 2022
UK multinational top up tax: Draft legislation on Pillar Two published

July 22, 2022
OECD Pillar One Amount A public consultation: Observations and comments

July 15, 2022
Australia’s hybrid mismatch rules: US GILTI rules do not correspond to Australia’s CFC rules

July 1, 2022
Amendments to Hong Kong SAR’s passive foreign-source income exemption regime under consultation

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