Corporate Tax News: Issue 57 - January 2021

Welcome to the newly updated BDO’s Corporate Tax News.

Despite entering 2021 amidst a host of recent changes, governments and businesses throughout the world continue to be preoccupied by the COVID-19 pandemic. 

In this edition, our BDO colleagues include articles on the potential changes in the United States that could take place under President Biden’s tax plan, the introduction of further COVID-19 related measured in Nigeria, and the updates for the EU’s DAC6 reporting requirements, including its planned implementation in some Member States and the transition for the United Kingdom.

Other tax developments of international interest continue to take place, and Issue 57 looks at the main tax measures in Malaysia's 2020 Finance Act, the new dividend income taxation regime in India, withholding relief modernisation in Germany, and other important news and changes.

In this issue: 

• GLOBAL: Global Tax Outlook - Spotlight on Global Tax Assurance and Risk Management
• THE EUROPEAN UNION: EU Information Exchange - Interpreting the Europan DAC6 Directive 
• ETHIOPIA: Digitalising the tax payment system
• FRANCE: Permanent Establishment - The French Administrative Supreme Court adopts an extensive approach 
• GERMANY:
  • Limited tax liability on the licensing or sale of rights registered in German registers
  • Withholding Tax Relief Modernisation
• INDIA: Dividend income - Taxation of two regimes
• JAMAICA: New revenue measures
• KOREA: Transfer pricing - Advance Pricing Agreement updates
• MALAYSIA: Budget 2021 and Finance Bill 2020 
• NIGERIA: Introduction of additional COVID-19 palliatives - Draft Finance Bill 2021
• PANAMA: New substance requirements for multinational headquarters regime
• PAPUA NEW GUINEA: 2021 Budget highlights and other Internal Revenue Commission protocol enforcements
• SPAIN: Directors’ remuneration again under scrutiny
• UNITED KINGDOM: The UK-EU Trade and Cooperation Agreement
• UNITED STATES:
  • Biden's tax plan - The potential changes 
  • Keys to year-end tax savings for businesses 

Content adapted from BDO Global.