World Tax Advisor

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17 January 2025

Featured Articles

• US Treasury Department and IRS release final digital Content and cloud transactions regulations
• US Treasury Department and IRS release proposed cloud transaction sourcing regulations

Belgium

• DAC 7 Reporting and registration obligations amended for 2024

Cyprus

• EU public CbC Reporting directive transposed into national law
• Implementation framework for beneficial ownership Register amended

Italy

• 2025 budget law broadens scope of DST and modifies timing of DST payments
• Decrees on miscellaneous Pillar Two rules and transition year published

Malaysia

• Finance Act 2024 enacted, tax exemption for foreign income of individuals extended

OECD

• Pillar One Update: Statement released on work on Amount An and Amount B

United Kingdom

• Registration for digital platform Reporting open

United Nations

• General Assembly approves terms of reference for tax cooperation framework

United States

• Roadmap: Income Taxes (December 2024)

Archive

10 January 2024
Australian Pillar Two legislation enacted

20 December 2024
New tax measures for companies adopted by Luxembourg Chamber of Deputies

13 December 2024
EU formally adopts “FASTER” directive on withholding tax relief procedures

6 December 2024
Hong Kong SAR consultation on enhancements to preferential asset and wealth management tax regimes

22 November 2024
Navigating Vietnam’s Location-based tax incentives in a changing policy landscape

15 November 2024

• Scaling the cliff: US tax policy implications of a Donald Trump presidency
• Tax highlights of Malaysia’s Budget 2025 include measures focused on broadening tax base

8 November 2024
EU member states reach political consensus on ViDA package

1 November 2024
Key measures for foreign owned groups in UK Autumn Budget 2024

25 October 2024
Irish Finance Bill 2024 published

18 October 2024
2025 French draught finance bill released

11 October 2024
Brazil Issue provisional measure introducing Pillar Two legislation

4 October 2024
Guidelines available on new French criminal offence of facilitating tax evasion

27 September 2024
US corporate alternative minimum tax proposed regulations released

20 September 2024

• Colombian tax reform bill presented to Congress is intended to increase tax revenue
• Dutch Ministry of Finance publishes tax plan for 2025

13 September 2024
US tax policy and the 2024 elections

30 August 2024
Bermuda corporate income tax administrative provisions: First public consultation launched

23 August 2024
US proposed regulations address certain Issue under dual consolidated loss rules

09 August 2024
Taxpayer-friendly 2024 Tax Revision Bill aims to stimulate economic activity in Korea (ROK)

02 August 2024
Calculation of gain or loss on digital asset transactions: Summary of US final rules

26 July 2024
Canadian legislation for implementation of Pillar Two Global minimum tax rules enacted

19 July 2024
New US guidance on partnership related-party transactions: Overview and observations

12 July 2024
Australian Pillar Two primary legislation: Bills introduced

28 June 2024
OECD·Pillar Two: Further guidance published

21 June 2024
OECD Pillar One: Additional Amount B guidance published

14 June 2024
Australian public country-by-country Reporting bill introduced into parliament

07 June 2024
Barbados tax reform enacted, including Pillar Two legislation

24 May 2024
French Administrative Supreme Court rules final foreign branch losses may not be deducted

17 May 2024
Australian Federal Budget 2024-25: Tax developments for business

10 May 2024
Belgian parliament adopts new Pillar Two law

3 May 2024
OECD Pillar Two: Consolidated commentary published