This Week's Report

KPMG Week in Tax: 29 May – 2 June 2023

Highlights include:

  • United States: President Biden signs bill to increase debt limit, partially rescind IRS funding
  • Israel: Deemed taxable transfer of functions, assets, and risks pursuant to a post-acquisition royalty arrangement and R&D contract
  • Malaysia: Transfer pricing and advance pricing arrangements rules 2023 published
  • Poland: New reporting requirements for cross-border payment service providers beginning 2024


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