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Accounting for Income Taxes – Global Tax Developments Archive

Accounting for Income Taxes – Global Tax Developments is issued on quarterly basis and also periodically, as warranted by specific changes, and provides a user-friendly source of global tax information that may be considered in conjunction with accounting for income taxes under U.S. GAAP. It generally includes a brief summary of major international income tax developments and provides a summary of combined tax rates applicable in several key jurisdictions and the dates of enactment of rate changes, if applicable, under U.S. GAAP. The publication also contains select sample financial statement disclosures that may be considered relevant to accounting for income taxes. It is not intended to be a comprehensive analysis of the items addressed, either from a tax technical or tax accounting perspective.

Beginning in the 2nd quarter of 2012, this publication replaced the two publications (i.e., International Tax Developments and Quick Reference Guide for Applicable Income Tax Rates) which were published in past quarters.

1 October 2013 to 31 December 2013 Global Tax Developments Quarterly – Accounting for Income Taxes (Final Edition)

In this issue:

  • A brief summary of major international income tax law changes enacted during the period 1 October to 31 December 2013 (note, as appropriate, legislation enacted outside of this range may also be addressed in this edition);
  • A brief summary of major international income tax law changes enacted prior to 1 October 2013 but first effective in the period 1 October to 31 December 2013;
  • A brief summary of major international income tax law changes enacted prior to 1 October 2013 and effective as from 1 January 2014;
  • Certain developments in tax law that were not promulgated as of 31 December 2013 but may, in certain cases, be promulgated in the near future;
  • A “Did you know” section that includes additional global income tax developments that may need to be considered;
  • Select examples of financial statement disclosures that may be considered relevant, in part or in whole; and
  • as of 31 December 2013 (unless specified otherwise), a summary of combined tax rates applicable in several key jurisdictions (i.e., those in which we have ICE representation in the United States), the related dates of enactment (for U.S. GAAP purposes) of certain income tax rate changes and supplemental information with respect to certain taxing jurisdictions.

1 July 2013 to 30 September 2013 Global Tax Developments Quarterly – Accounting for Income Taxes (Final Edition)

In this issue:

  • A brief summary of major international income tax law changes enacted in Argentina, Belgium, Greece, Israel, Luxembourg, Portugal, Puerto Rico, Ukraine and the United Kingdom during the period 1 July to 30 September 2013 (note, as appropriate, legislation enacted outside of this range may also be addressed in this edition);
  • A brief summary of major international income tax law changes enacted in Gibraltar prior to 1 July 2013 but first effective in the period 1 July to 30 September 2013;
  • A brief summary of major international income tax law changes enacted prior to 1 July 2013 and effective as from 1 October 2013;
  • Certain developments in tax law that were not promulgated as of 30 September 2013 but may, in certain cases, be promulgated in the near future;
  • A “Did you know” section that includes additional global income tax developments that may need to be considered;
  • Select example financial statement disclosures that may be considered relevant, in part or in whole; and
  • As of 30 September 2013 (or otherwise specified), a summary of combined tax rates applicable in several key jurisdictions, the related dates of enactment (for U.S. GAAP purposes) of certain income tax rate changes and supplemental information with respect to certain taxing jurisdictions.

April 1, 2013 to June 15, 2013 Global Tax Developments Quarterly – Accounting for Income Taxes (Final Edition)

In this issue:

  • A brief summary of major international income tax law changes enacted during the period April 1 to June 30, 2013 (note, as appropriate, legislation enacted outside of this range may also be addressed in this edition);
  • A brief summary of major international income tax law changes enacted prior to April1, 2013 but first effective in the period April 1 to June 30, 2013;
  • A brief summary of major international income tax law changes enacted prior to April  1, 2013 and effective as from July 1, 2013;
  • Certain developments in tax law that were not promulgated as of June  30, 2013 but may, in certain cases, be promulgated in the near future;
  • A “Did you know” section that includes additional global income tax developments that may need to be considered;
  • Select examples of financial statement disclosures that may be considered relevant, in part or in whole; and
  • As of June 15, 2013 (unless specified otherwise), a summary of combined tax rates applicable in several key jurisdictions (i.e., those in which we have ICE representation in the United States), the related dates of enactment (for U.S. GAAP purposes) of certain income tax rate changes and supplemental information with respect to certain taxing jurisdictions.

January 1 to March 15, 2013 Global Tax Developments Quarterly – Accounting for Income Taxes (Final Edition)

In this issue:

  • A brief summary of major international income tax law changes enacted in Germany, Greece and Ukraine during the period January 1 to March 15, 2013 (note, as appropriate, legislation enacted outside of this range may also be addressed in this edition);
  • A brief summary of major international income tax law changes enacted in Belgium, Canada, Chile, Colombia, Denmark, Italy, Jamaica, Latvia, Luxembourg, Mexico, Netherlands, Peru, Serbia, Slovak Republic, Slovenia, Sweden, Taiwan and Ukraine prior to January 1, 2013 but first effective in the period January 1 to March 31, 2013;
  • A brief summary of major international income tax law changes enacted in Japan and the United Kingdom prior to January 1, 2013 and effective as from April 1, 2013;
  • Certain developments in tax law that were not promulgated as of March 15, 2013 but are expected to be promulgated in the near future;
  • A “Did you know” section that includes additional global income tax developments that may need to be considered;
  • Select sample financial statement disclosures that may be considered relevant, in part or in whole; and
  • As of March 15, 2013 (or otherwise specified), a summary of combined tax rates applicable in several key jurisdictions, the related dates of enactment (for U.S. GAAP purposes) of certain income tax rate changes and supplemental information with respect to certain taxing jurisdictions.

October 1, 2012 to December 31, 2012 Global Tax Developments Quarterly – Accounting for Income Taxes (Revised Final Edition)

In this issue:

  • A brief summary of major international income tax law changes enacted in Belgium, Canada, Colombia, Denmark, Dominican Republic, France, Italy, Luxembourg, Mexico, Portugal, Serbia, Slovak Republic, and Sweden during the period October 1 to December 31, 2012;
  • A brief summary of major international income tax law changes enacted in Belgium prior to October 1, 2012 but first effective in the period October 1 to December 31, 2012;
  • A brief summary of major international income tax law changes enacted in Chile, Netherlands, Peru, Slovenia, Taiwan, and Ukraine prior to October 1, 2012 and effective as from January 1, 2013;
  • Certain changes in tax law that were not enacted as of December 31, 2012 but are expected to be enacted in the near future;
  • A “Did You Know” section that includes additional global income tax developments that may need to be considered;
  • Select sample financial statement disclosures that may be considered relevant, in part or in whole; and
  • As of December 31, 2012, a summary of combined tax rates applicable in several key jurisdictions and the related dates of enactment (for U.S. GAAP purposes) together with supplemental information regarding certain taxing jurisdictions, including a limited list of other countries with known income tax rate changes that are effective in 2012 or later.

July to September 2012, Global Tax Developments Quarterly – Accounting for Income Taxes (Final Edition)

In this issue:

  • A brief summary of major international income tax law changes enacted in Australia, Brazil, Chile, Cyprus, France, Netherlands, Peru, Spain, Taiwan, Ukraine and United Kingdom during the period July 1 to September 30, 2012;
  • A brief summary of major international income tax law changes enacted in Australia, Chile, Czech Republic, Denmark, and Ukraine prior to July 1, 2012 but first effective in the period July 1 to September 30, 2012;
  • Certain changes in tax law that were not enacted as of September 30, 2012 but are expected to be enacted in the near future;
  • A “did you know” section that includes additional global income tax developments that may need to be considered;
  • Select sample financial statement disclosures that may be considered relevant, in part or in whole; and
  • As of September 30, 2012 (or otherwise specified), a summary of combined tax rates applicable in several key jurisdictions, the related dates of enactment (for U.S. GAAP purposes) of certain income tax rate changes and supplemental information with respect to certain taxing jurisdictions, including a limited list of other countries with known income tax rate changes that are effective in 2012 or later.

July 26, 2012, Global Tax Developments – UK Corporate Tax Rate Reduction

  • In this issue: The UK Finance Act 2012 received Royal Assent on July 17, 2012, passing into law a number of tax measures, including the further reduction of the UK corporate income tax rate. The Alert highlights the potential accounting for income taxes implications of certain of the tax measures passed into law by the Act.

April to June 2012, Global Tax Developments Quarterly – Accounting for Income Taxes (Final Edition)
In this issue:

  • A brief summary of major international income tax law changes enacted in Australia, Belgium, Czech Republic, Denmark, India, Jamaica, Slovenia and Ukraine during the period April 1 to June 30, 2012 (or otherwise specified);
  • A brief summary of major international income tax law changes enacted in Japan, South Africa, and the UK prior to April 1, 2012 but first effective in the period from April 1 to June 30, 2012;
  • Certain changes in tax law that were not enacted as of June 30, 2012 but are expected to be enacted in the near future;
  • A “did you know” section that includes additional global income tax developments that may need to be considered;
  • Select sample financial statement disclosures that may be considered relevant, in part or in whole; and
  • As of June 30, 2012, a summary of combined tax rates applicable in several key jurisdictions, the related dates of enactment, for U.S. GAAP purposes, of certain income tax rate changes, and supplemental information with respect to certain taxing jurisdictions, including a limited list of other countries with known income tax rate changes that are effective in 2012 or later.

January to March 2012, Accounting for Income Taxes — International Tax Developments
In this issue:

  • Australia
  • Chile
  • Fiji
  • Guatemala
  • Ireland
  • Italy
  • Japan
  • Spain
  • Additional Items

As of March 31, 2012, Quick Reference Guide: Applicable Income Tax Rates

October to December 2011, Accounting for Income Taxes — International Tax Developments
In this issue:

  • Belarus
  • Belgium
  • France
  • Finland
  • Hungary
  • Israel
  • Italy
  • Japan
  • Korea
  • Mexico
  • Norway
  • Palestine
  • Portugal
  • Russia
  • Spain
  • Thailand
  • United States
  • Additional Items

As of December 31, 2011, Quick Reference Guide: Applicable Income Tax Rates

July to September 2011, Accounting for Income Taxes — International Tax Developments
In this issue:

  • Brazil
  • Cyprus
  • France
  • Indonesia
  • Italy
  • Peru
  • Spain
  • Ukraine
  • United Kingdom
  • Additional Items

As of September 30, 2011, Quick Reference Guide: Applicable Income Tax Rates

August 5, 2011, Accounting for Income Taxes – International Tax Developments

  • In this issue: UK Corporate Tax Rate Changes - Update

April to June 2011, Accounting for Income Taxes — International Tax Developments
In this issue:

  • Honduras
  • India
  • Italy
  • Japan
  • Additional items

As of June 30, 2011, Quick Reference Guide: Applicable Income Tax Rates

January to March 2011, Accounting for Income Taxes — International Tax Developments
In this issue:

  • Israel
  • Peru
  • Puerto Rico
  • Additional items

As of March 29, 2011, Quick Reference Guide: Applicable Income Tax Rates

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