International Tax Round-up - May 2020

This publication gives an overview of key international tax developments across the Linklaters network. Please click here to read the publication.
 
Topics include:

EU Developments
  • Covid-19 – Proposed delay to deadline for DAC 6 reporting
  • Revised draft for a financial transaction tax (FTT)
France
  • DAC 6 – Draft guidelines published
  • ATAD 1 / ATAD 2 – Updated statement of practice
  • Covid-19 Update
Germany
  • Covid-19 Update
Italy
  • Covid-19 – Italian Law Decree “Rilancio”
Luxembourg
  • Covid-19 Update
Netherlands
  • Perpetual securities are debt for Dutch corporate income tax purposes
Sweden
  • Covid-19 – Temporary tax exemption for the tax benefit of free parking and for gifts to employees
  • Supreme Administrative Court – Leave to appeal regarding losses carried forward in a change of control
  • The Council for Advance Tax Rulings – VAT: Subsidiary’s acquisition of services from its parent company
  • The Swedish Tax Agency – et al. Dividends and parts of profits from another group company in certain items included in a country-by-country-report
United Kingdom
  • Finance Bill 2020 – Progress through Parliament
  • Advocate General opines insurance exemption does not apply to investment fund management services in United Biscuits

Should there be questions or in case you are interested to further discuss any of the developments, please do not hesitate to contact your local Linklaters tax team.