International Tax Round-up - June 2020

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

International Developments
  • Digital taxation
EU Developments 
  • DAC6 – Delay to deadlines
Belgium
  • Covid-19 – Draft bill including corporate income tax measures approved by Parliament
Germany 
  • Covid-19 Update – 2nd Corona Tax Relief Act
  • Contract act for the ratification of the Multilateral Instrument (MLI) – Government draft
Netherlands
  • Six-month deferral of DAC6 filing time limits announced
  • Tax residence of companies and Covid-19
  • Proposal for additional Dutch dividend withholding tax as of 2024 
Portugal
  • Supplementary State Budget Law for 2020 – Draft bill
  • Interest deductibility limitations amendment – Potential impact to NPLs deals made through securitisation companies 
Sweden
  • Legislative changes – Proposal for a new VAT Act
  • Supreme Administrative Court – Unit trusts and repayment of withholding tax; Provided services considered one single supply
  • Council for Advance Tax Rulings – e.g. Acquisition of shares considered as tax-exempt gift
  • Swedish Tax Agency – Swedish participation exemption regime and non-resident legal persons
United Kingdom 
  • Progress of Finance Bill 2020
  • UK Supreme Court finds diver’s income remains employment income under treaty despite domestic deeming provision

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.