World Tax Advisor

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20 December 2024

Featured Articles

• New tax measures for companies adopted by Luxembourg Chamber of Deputies
  

Australia

• News Bargaining Incentive proposed to ensure Sustainability of News Media
  


• Tax Governance reports for Top 500 and Next 5,000 taxpayers published
  

Austria

• Decree published on transitional CbC Reporting safe harbour
  

Belgium

• Guidance on application of controlled foreign company rules published
• Reminder of important changes to Transfer Pricing documentation forms and guidance

Cyprus

• Parliament approves law implementing Pillar Two

European Union

• CJEU rules Belgian fairness tax on subsidiaries is not incompatible with EU law
  

France

• Outgoing government presents special bill to guarantee continuity of nation

Germany

• MOF Issue final decree on interpretation of anti-Hybrid rules
• MOF Issue revised draught bill with further proposed Update to minimum taxation rules

Greece

• Amendments to tax filing deadlines and other corporate income tax Update
  


• New tax framework for national and cross-border business Restructuring established

Italy

• Ministerial decree Issue on anti-Hybrid documentation for penalty protection
  

Switzerland

• Pillar Two registration platform launches on 1 January 2025
  

Tax treaty round up

• Recent developments with respect to the following tax treaties: Andorra-Netherlands, Austria-China, Belarus-Lithuania, Botswana-Estonia, Canada-Russia, Cyprus-Oman, Estonia-Oman, India-Switzerland, Japan-Turkmenistan, Korea (ROK)-Rwanda, Kuwait-South Africa, Kyrgyzstan-Netherlands, Moldova-Netherlands, Moldova-Slovakia and South Africa-Sweden.

Archive

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 issues 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 issues 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

7 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

26 April 2024
US proposed regulations on corporate stock buyback excise tax released

19 April 2024
Canada’s 2024 federal budget highlights

12 April 2024
Greek parliament passes law implementing Pillar Two rules

5 April 2024
Luxembourg Pillar Two law: Tax disclosure requirements