International Tax Round-up - October 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
  • OECD publishes blueprints to address the tax challenges arising from the digitalisation of the economy
  • OECD report on taxing virtual currencies
EU Developments
  • Updated EU list of non-cooperative jurisdictions – Cayman Islands removed
Australia
  • Announcements made in the Federal Budget 2020-2021
France
  • Interest deduction - Studialis case law – Paris Administrative Court of Appeal
Germany
  • Contract act for the ratification of the Multilateral Instrument (MLI) adopted
Luxembourg
  • Luxembourg Direct Tax Authorities publish user manual for reporting under DAC6
  • Details on Budget 2021 measures
  • Changes to the EU list of non-cooperative jurisdictions for tax purposes
Netherlands
  • Amendments to legislative proposal on Dutch dividend withholding “exit tax”
Portugal
  • Draft State Budget Law for 2021 presented to the Parliament
Sweden
  • The Supreme Administrative Court – i.a. Taxation of a Swedish limited partnership’s profits
  • The Council for Advance Tax Rulings – i.a. Exemption from the vote requirement in a share-for-share exchange
  • The Swedish Tax Agency – Board fees are not subject to VAT
United Kingdom
  • UK tribunal agrees that disclosure of documents relating to “mutual agreement procedure” under treaty not required

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.