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 A 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

January 10, 2024
Australian Pillar Two legislation enacted

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

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

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

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

November 15, 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

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

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

October 25, 2024
Irish Finance Bill 2024 published

October 18, 2024
2025 French draft finance bill released

October 11, 2024
Brazil issues provisional measure introducing Pillar Two legislation

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

September 27, 2024
US corporate alternative minimum tax proposed regulations released

September 20, 2024

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

September 13, 2024
US tax policy and the 2024 elections

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

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

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

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

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

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

July 12, 2024
Australian Pillar Two primary legislation: Bills introduced

June 28, 2024
OECD·Pillar Two: Further guidance published

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

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

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

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

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

May 10, 2024
Belgian parliament adopts new Pillar Two law

May 3, 2024
OECD Pillar Two: Consolidated commentary published