Please find in pages 4 and 5 our article about the proof of the interest rate applied between related companies.
Then again, in professional terms, the year-end is also the time to look ahead and to prepare for the global developments in terms of VAT and GST – some of which we would like to share with you in our fourth edition of the WTS Global VAT Newsletter in 2020.
As the economic and social impacts of the coronavirus disease (COVID-19) continue to chal-lenge the world, WTS Global continuously updates an overview of the measures taken by various countries to respond to the tax aspects of this crisis.
Recent case law across Europe shows that domestic courts are being inspired by the CJEU case law on abuse. In this newsletter we have summarised recent case law in Switzerland, France, Spain, the Netherlands and Italy. Despite the Italian Supreme Court’s positive ruling, a trend seems to be set: taxpayers claiming benefits under EU or treaty law should more than ever be ready to demonstrate the economic rationale of their structures.
Please find in pages 4 and 5 our article in which we explain the impact of the crisis on transfer prices.
Since today the economic and social impacts of the corona virus disease (COVID-19) all
over the world are the most important news, WTS Global created an overview of the measures taken by various countries to respond to the tax aspects of this crisis:
As announced in our WTS Global VAT News for Q2 2019, Angola will implement a new VAT Code and a special consumption tax, although application of the new rules has been suspended until October 2019.
In addition, the newsletter reports on recent developments in China allowing a refund of unutilized VAT credits to taxpayers who have a good tax compliance rating.
We are faced with an increasing complexity of managing your expatriates’ cross-border taxation, social security, legal and immigration-related matters. The legal regulations in these fields are not only subject to constant change but they are also becoming more and more complex when applied in different jurisdictions at the same time.
This newsletter offers you a brief overview of recent or expected changes in the area of Global Mobility. In Sweden, the Economic Employer Concept will be implemented in the near future – our Swedish colleagues describe the main impact of the proposed rules. In this issue we also report on the amendment of the “30% ruling” in the Netherlands and the changes in tax and social security obligations affecting Belgian companies for benefits granted by foreign affiliated companies. Furthermore, the newsletter includes a feature about the new income tax collection systems in France and the recent IIT law changes in China, both effective from January 2019. And – of course – our UK colleagues provide a Brexit update from a social security perspective.
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