GMS Flash Alert: Tax GMS Flash Alert: Tax GMS Flash Alert: Tax
Read up on new developments on the topic of tax.
MAY
05/26/2023: Czech Republic – Proposals Would Adjust Income Tax Bracket, Limit Deductions, Exemptions
05/23/2023: Hong Kong – Dual Employment Arrangements
05/17/2023: United States – Washington Excise Tax on Capital Gains Is Constitutional and Valid
05/17/2023: South Africa – Enhanced Process for Transferral of Funds from South Africa
05/12/2023: Australia – Highlights of Federal Budget 2023-24
05/12/2023: Uruguay – New Legislation Brings Changes to Personal Income Tax
05/10/2023: Brazil – Changes to Individual Taxation, Reporting of Foreign Income and Assets
05/09/2023: Australia – Time to Plan for Employee Share Scheme Reporting Is Now
APRIL
04/25/2023: Argentina – Update on Parameter Regarding 2022 Informative Tax Return Filings
04/18/2023: Taiwan – Applicability of Tax Incentives for Employment Gold Card Holders
04/14/2023: Canada – Extensions for Time to File 2022 Underused Housing Tax (UHT) Returns
04/05/2023: United States – 2022 Rebates to NJ Taxpayers May Require Amended Return
04/04/2023: Chile – 2022 Annual Tax Return Filing Calendar
MARCH
03/31/2023: Ireland – Revisions to Taxation of Company Cars Rules
03/29/2023: Malaysia - Tax Measures Affecting Individuals in Budget 2023
03/28/2023: European Union – Seeks Minimum CGT, Wealth Tax, Curbs on Personal Tax Concessions
03/27/2023: South Korea - Update on Applying Flat Tax Rate for Foreign Workers
03/17/2023: Chile – Tax Reform Bill Rejected by House of Representatives
03/17/2023: Hong Kong – 2023-2024 Budget Measures
03/16/2023: South Africa - 2023/2024 Budget Proposals Delivered
03/16/2023: United Kingdom – Spring Budget 2023: a Budget for Growth?
03/16/2023: United States – IRS Releases 2023 Sec. 911-Related Housing Costs Limitations
03/14/2023: United States – Foreign Earned Income Exclusion Requirements Waived for Several Countries
03/09/2023: United Kingdom – SAYE Employee Share Plans and Capital Gains Tax Changes
03/07/2023: Brazil – 2022 Tax Return Filing Period
03/01/2023: United States – U.S. Supreme Court Rules on FBAR Penalty Issue
03/01/2023: Ireland – 31 March Deadline Approaching for Share Schemes Reporting
FEBRUARY
02/28/2023: People’s Republic of China - Annual Comprehensive Income Tax Reconciliation Policy Update
02/28/2023: Spain – Taxes Introduced on High-Net-Worth Nonresidents Owning Spanish Assets
02/23/2023: United Kingdom – 6 July 2023 Employee Share Plan Reporting Deadline
02/16/2023: Indonesia – Regulations Implement New Rules on Taxing Benefits-in-Kind
02/16/2023: United States – IRS Guidance on Special State Tax Refunds and Relief Payments
02/14/2023: Australia – ATO Issues Guidance on ‘Employee’ Versus ‘Independent Contractor’
02/09/2023: Turkey – Income Tax Inflation Adjustments for 2023
02/03/2023: Czech Republic – What’s New in Tax for Employees?
JANUARY
01/31/2023: Germany – Overview of Important New Tax, Immigration, and Employment Law Rules
01/31/2023: Luxembourg – Frontier Workers / Tele-work Agreements Nailed Down for 2023
01/27/2023: Belgium – Changes to New Tax Regime for Inbound Taxpayers and Researchers
01/23/2023: People’s Republic of China – Extension of Tax Preferences for Equity Compensation, Gains
01/18/2022: Japan – Tax Reform Includes Stock Option Taxation Changes for Start-Ups
01/18/2022: United States – Federal Filing Deadlines Information, California Disaster Relief
01/17/2023: Spain – Improvements in Special Tax Regime for Inbound Expatriates
01/11/2023: Vietnam – Tax Authorities Focusing in on Tax Debts
01/11/2023: Canada – Rules on Residential Property Purchases by Nonresidents Impact Relocation Costs
01/09/2023: Czech Republic – Monetary Contribution to Employee Vacation Is Taxable Income
01/06/2023: United States – FATCA Relief for Foreign Financial Institutions
DECEMBER
12/23/2022: United States – Employment Tax Group Publishes Article on Payroll Year-End Topics
12/23/2022: Argentina – FATCA Agreement Signed with United States
12/21/2022: Colombia – New Tax Reform Enacted
12/21/2022: Lithuania – Changes in Taxation of Employment-Related Income for 2023
12/20/2022: Luxembourg – Budget Bill Advances, Other Bill Proposes Unoccupied Housing Tax
12/16/2022: Greece – Developments on Changing Tax Residence Status, Other Tax Reliefs
12/12/2022: Brazil – Double Tax Treaties with Norway and United Kingdom Signed
12/12/2022: United States – Extension of Time to File Year 2022 FBARs
12/09/2022: United States – Income Tax Treaty Signed with Croatia
12/07/2022: Switzerland – Updating Tax Compliance Rules for French Frontier Workers
12/02/2022: Canada – Tax Developments Related to Purchases of Residential Property
12/02/2022: United Kingdom – Double Taxation Convention with Brazil Signed, Not Yet in Force
NOVEMBER
11/23/2022: People’s Republic of China – Private Pensions Implementation and Tax Deferral Measures
11/18/2022: United Kingdom – No Radical Departures in Autumn Statement 2022
11/16/2022: Ireland – Budget Measures Embodied in Finance Bill 2022
11/11/2022: Australia – Tax and Immigration Measures in 2022-23 Budget
11/10/2022: Cyprus – Issuance of Circular on New Incentives for First-Time Employment
11/08/2022: Lithuania – Restrictions on Cash Payments
11/04/2022: Ireland - Deadline Approaching for 2022 PAYE Settlement Agreement Applications
11/03/2022: European Union – Remote Working and Corporate Taxation
OCTOBER
10/27/2022: Argentina – Taking Steps to Tax Foreign Currency Purchases Made Abroad
10/24/2022: United States – Pension Plans 2023 Cost-of-Living Adjustments
10/19/2022: Latvia – Suspension of Income Tax Treaty with Russia
10/19/2022: United States – Tax Inflation Adjustments for Tax Year 2023
10/18/2022: United Kingdom - Government to Reverse Measures Announced in 2022 Growth Plan
10/18/2022: Australia – Draft Tax Residency Ruling
10/13/2022: New Zealand – Plans to Amend Certain Nonresident Employer Reporting Obligations
10/11/2022: France – Budget Simplifies Withholding Process, Adjusts Tax Brackets
10/07/2022: United States – FBAR Filing Deadline Relief for Persons Affected by Certain Natural Disasters
10/04/2022: United Kingdom – Government to Cancel Abolition of 45% Tax Rate
10/03/2022: United States – Expect More Penalty Notices for Form 1042-S Errors
SEPTEMBER
09/30/2022: Ireland – Budget 2023 Announced
09/30/2022: Greece – New Developments Concerning Special Solidarity Contribution Tax
09/27/2022: United Kingdom – Autumn 2022 Growth Plan Announced
09/22/2022: Netherlands – New Budget Features Further Changes to 30% Ruling
09/20/2022: Germany – Update to Agreement with Switzerland on Cross-Border Work from Home
09/19/2022: Singapore – Changes to Exemption on Mandatory Overseas Pension/Provident Fund Contributions
09/15/2022: South Africa – New Process for Breaking Tax Residency
09/13/2022: United Kingdom – OTS Review of Hybrid and Distance Working
09/06/2022: Czech Republic – New Company Car Taxation Rules in Effect
AUGUST
08/26/2022: United States - IRS Provides Penalty Relief for Certain Returns
08/25/2022: Italy - Tax-Exempt Fuel Voucher and Electric Vehicle Recharging
08/22/2022: United States – President Biden Signs Budget Reconciliation Bill
08/18/2022: Finland – Exit Tax Proposed for Individuals
08/11/2022: Hong Kong – Salaries Tax Treatment of Share Award, Vesting vs. Forfeiture
08/08/2022: Chile – 2022 Tax Reform Bill Proposal
08/04/2022: Cyprus – New First Employment Incentives
JULY
07/29/2022: United States – Senators Reach Deal on Reconciliation Package, Tax Provisions Included
07/27/2022: United States – Update: U.S. Treasury Terminates Tax Treaty with Hungary
07/22/2022: Netherlands – Decree on Taxation of Directors Paid by Foreign Companies
07/19/2022: Poland – Amendments to “Polish Deal” Enacted
07/19/2022: Spain – Supreme Court Ruling on Exemption for Directors’ Overseas Work
07/13/2022: United States – U.S. Treasury to Terminate Tax Treaty with Hungary
JUNE
06/30/2022: South Africa – Issues Around Auto-Assessments for Individuals Filing Tax Returns
06/30/2022: Ireland – Update on SARP Guidance from Revenue
06/29/2022: Romania – Fiscal Code Changes Rules on Investment Income
06/21/2022: Germany – Circular Indicates Opinion of Tax Administration on Taxing Crypto-Assets
06/21/2022: Argentina – Update on Scope of Informative Tax Filings 2021
06/16/2022: Hong Kong – Apportionment of Income for Double Taxation Relief
06/07/2022: Argentina – Filing and Payment Deadlines Extended for Individuals
06/03/2022: Hong Kong – Salaries Tax: Tax Deduction for Domestic Rents
06/02/2022: India – Indian Company Liable for Service Tax on Seconded Employees
MAY
05/25/2022: Netherlands – New Proposals for 30% Ruling Could Have Significant Impact
05/19/2022: Poland - Amendments to “Polish Deal” Passed by Sejm
05/12/2022: Belgium – Long-Awaited Circular on Expatriate Tax Concessions Published
05/09/2022: Netherlands – COVID-19: Ending Mutual Agreements with Germany, Belgium
05/09/2022: Taiwan – Tax Incentives for Foreign Professionals
05/06/2022: Taiwan – COVID-19: Individual Income Tax Filing, Payment Deadlines Extended
05/03/2022: Chile – Income Tax Return Filing Extension
APRIL
04/26/2022: People’s Republic of China – Child-Care IIT Deduction Introduced
04/15/2022: Canada – Ontario Expands Foreign Home-Buyers Tax
04/15/2022: Canada – Highlights of Tax Changes in 2022 Federal Budget
04/15/2022: United Kingdom – 6 July 2022 Employee Share Plan Reporting Deadline
04/15/2022: United Kingdom – 1 September 2022 Registration Deadline for Certain Employee Trusts
04/12/2022: Poland – Tax-Related Amendments to “Polish Deal” under Consideration
04/12/2022: Czech Republic – Proposed New Tax Treatment of Donations for Ukraine
04/07/2022: Brazil – 2021 Income Tax Return Filing 1-Month Extension
04/05/2022: Switzerland – Ending Flexible Social Security, Tax Rules for Cross-Border Workers
04/05/2022: Argentina – Wealth Tax Changes Encompass Real Estate Valuation
MARCH
03/31/2022: United States – The Green Book: Treasury’s Budget Proposals for FY23
03/29/2022: United States – Foreign Earned Income Exclusion Requirements Waived for Several Countries
03/25/2022: Ukraine – Tax Regime Largely Unaltered Despite War, Some Changes However
03/17/2022: South Korea – Tax Provision Bill with Measures for Foreign Workers Becomes Law
03/11/2022: Australia – Displaced Employees and COVID-19 Updates
03/11/2022: United States – IRS Announces New Options for Identity Verification
03/08/2022: United States – IRS Releases 2022 Sec. 911 -Related Housing Costs Limitations
03/02/2022: India – 2022 Union Budget Makes Adjustments at Margins for Individuals, Employers
03/01/2022: People’s Republic of China – Annual Comprehensive Income Tax Reconciliation Policies Update
FEBRUARY
02/25/2022: South Africa – Budget 2022 Delivered
02/15/2022: Belgium – Guidance on Expat Tax Regime and Tax-Free Expense Allowances
02/11/2022: Netherlands - Ministry Changes Stance on Severance Paid to Cross-Border Workers
02/09/2022: Japan – For 2021 Individual Taxes, Extended Filing and Payment Deadlines
JANUARY
01/31/2022: Ireland – Share Schemes Reporting Deadline Is 31 March
01/24/2022: United States – IRS Guidance on Withholding Taxes Paid by Employer
01/14/2022: Malaysia – Tax Exemption on Certain Foreign- Source Income until 2026
01/13/2022: Lithuania – Changes in Taxation of Employment-Related Income for 2022
01/13/2022: Vietnam – New Policy on Tax Treatment of Coronavirus-Related Expenses
01/12/2022: Argentina – Wealth Tax Changes to Non Taxable Minimum, Tax Rates
01/12/2022: Belgium – Law on Revised Expatriate Tax Regime Published in Official Gazette
01/11/2022: United States – IRS Announces Tax Filing Season for Individuals Begins January 24
DECEMBER
12/23/2021: Sweden – Court Rules on Expert Tax Relief
12/22/2021: Norway – Budget 2022 Has Several Measures Affecting Individuals
12/22/2021: United States/Malta – Competent Authorities in New Arrangement Clarify “Pension Fund”
12/17/2021: United States – Extension of Time to File Year 2021 FBARs
12/15/2021: United States – Delays Occurring for Issuance of ITINs, Certificates of Coverage
12/10/2021: Finland – Delay on Introduction of ‘Economic Employer’
12/10/2021: Belgium – Expatriate Tax Regime Bill Closer to Passage, More Changes Announced
12/03/2021: People’s Republic of China – Tax Administration Tightening Compliance on ESOPs
12/03/2021: Vietnam – Increase in Social Insurance Contributions for Foreign Employees
NOVEMBER
11/24/2021: Belgium – More Details on Revamping Expatriate Tax Regime
11/22/2021: United States – House Passes Build Back Better Act, Needs Senate Action
11/22/2021: South Africa – Penalties for Outstanding Tax Returns for Natural Persons
11/22/2021: Malaysia – Tax Measures Affecting Individuals in Budget 2022
11/18/2021: United States – President Signs Bipartisan Infrastructure Bill
11/12/2021: United States - KPMG Publishes Report on Modified Build Back Better Act
11/11/2021: United States – IRS Provides Tax Inflation Adjustments for Tax Year
11/05/2021: United States – Pension Plans, Social Security, 2022 Cost of Living Adjustments
11/05/2021: United States – House Democrats Release Modified Build Back Better Act
OCTOBER
10/29/2021: Ireland – Budget 2022 and Finance Bill 2021 Employment Taxes Updates
10/27/2021: United Kingdom – Autumn 2021 Budget Released
10/19/2021: Belgium – Government Announces Revamp of Expatriate Tax Concessions
10/14/2021: Czech Republic – AirBnB Short-Term Leases Considered ‘Business Activity’ Income
10/14/2021: Ireland – 2021 PAYE Settlement Agreement Deadline and Reviewing Non-Cash Benefits
10/06/2021: United States – FBAR Filing Relief for Victims of Natural Disasters
10/01/2021: Germany – Constitutional Court: 6% Interest on Back Taxes, Refunds Unconstitutional
SEPTEMBER
09/24/2021: Hong Kong – Taxation of Share Awards, Vesting vs. Forfeiture
09/17/2021: United States – KPMG Publishes Report on House Ways and Means Tax Proposals
09/13/2021: United States – House Ways and Means Releases Tax Proposals
09/03/2021: Australia – Updated Guidance on Prolonged Employee Displacement and Business Travel
AUGUST
08/25/2021: South Korea – Provisions for Foreign Workers in Tax Bill
08/25/2021: Singapore – COVID-19: More Scrutiny by Tax Authority to Concessions
08/25/2021: Poland – Consultation Invited on Proposed Tax Measures in “Polish Deal”
08/17/2021: Hong Kong – Guidance on Tax Issues Arising from COVID-19
08/09/2021: South Africa – New Penalty Regime for Outstanding Returns
08/05/2021: Finland – Government Makes Plans to Introduce ‘Economic Employer’ Concept
08/03/2021: United States – Senate Finalizes Bipartisan Legislative Text on Infrastructure Bill
JULY
07/21/2021: Hong Kong – Salaries Tax: Termination of Employment and Restricted Shares
07/14/2021: South Africa – New Process for Evidencing Breaking Tax Residency
07/12/2021: Brazil – Authorities Update Online Services
07/01/2021: Belgium – COVID-19: Arrangements for Taxing Cross-Border Workers Further Extended
07/01/2021: United States – Supreme Court Not Hearing Challenge to State’s Remote Worker Tax
07/01/2021: Russia – Audits of Individuals’ Foreign Assets and Accounts
JUNE
06/21/2021: Brazil – Tax Treaties with Switzerland, United Arab Emirates Approved
06/14/2021: Australia – Superannuation Changes from 1 July
06/14/2021: Thailand – COVID-19: Further Social Security Relief Measures
06/11/2021: United States & Switzerland: Competent Authorities Identify Retirement Plans Eligible for Treaty Benefits
06/04/2021: Canada – CRA Issues “Hybrid Methodology” for Sourcing Cross-Border RSUs
06/01/2021: United States – KPMG Publishes Report on Tax Proposals in Biden’s FY 2022 Budget
MAY
05/28/2021: United States – President Releases FY 2022 Budget, Measures Affecting Individuals
05/28/2021: Ireland – Update: Share Schemes Reporting, ESA Electronic Return Coming
05/26/2021: Taiwan – COVID-19: Extension of Individual Income Tax Filing, Payment Deadlines
05/13/2021: Fiji – COVID-19: Lockdowns, Filing Deadlines, New Employer FNPF Obligations
05/12/2021: Australia – Budget Measures on Tax Residency, Equity Schemes, Superannuation
05/07/2021: Italy – Customs Duties on Imports of Personal Possessions from U.K. to Italy
05/04/2021: European Union – EU-U.K. Agreement Ratified
05/04/2021: Chile – COVID-19: Income Tax Return Filing One-Month Extension
APRIL
04/28/2021: United States – American Families Plan Revealed with Tax Increases on High-Income Individuals
04/28/2021: United States – Section 911 Guidance from IRS for Iraq
04/27/2021: Mexico – COVID-19: Income Tax Return Filing One-Month Extension
04/23/2021: United States – New York Implements New Tax Rates for Top Earners
04/22/2021: Switzerland – Double Taxation Treaty with Brazil Entering into Force
04/20/2021: Greece – Greater Clarity from Tax Authorities on Taxation of Equity Income
04/19/2021: Canada – CRA Further Extends COVID-19 Travel Restrictions Tax-Related Relief
04/19/2021: Czech Republic – COVID-19 Relief for 2020 Income Tax Returns
04/16/2021: Nigeria – Expatriates Required to Prove Payment of Tax for Permits Renewals
04/12/2021: Brazil – COVID-19: Income Tax Return Filing 1-Month Extension
04/12/2021: France – COVID-19: Approach to Tax Residence Is Tightened by Tax Authorities
04/01/2021: United States – President Unveils American Jobs Plan, Made in America Tax Plan
MARCH
03/31/2021: Ireland – Irish Revenue Provides Updates Regarding COVID-19 Concessions
03/30/2021: United States – UPDATE: Treasury, IRS Extend Federal Filing and Payment Deadline
03/25/2021: Switzerland – Updated Swiss Equity Compensation Reporting Requirements
03/23/2021: Australia – If Planning to Travel for Work, Consider Tax Implications
03/17/2021: United States – Treasury, IRS Extend Federal Filing and Payment Deadline
03/17/2021: South Korea – Modifications to Income Tax Rates, Tax Exemptions, and More
03/15/2021: Belgium – COVID-19: Arrangements for Taxing Cross-Border Workers Extended
03/11/2021: United States – President Biden Signs American Rescue Plan into Law
03/10/2021: United States – American Rescue Plan Passes, Bill Signing Expected Friday
03/10/2021: Hong Kong – 2021-2022 Budget Measures
03/10/2021: People’s Republic of China – IIT Preferential Treatment: Preparing for Change
03/03/2021: United Kingdom – Spring 2021 Budget Released
03/02/2021: People’s Republic of China – Individual Income Tax Filing Procedures Clarified
03/01/2021: United States – IRS Releases 2021 Sec. 911-Related Housing Cost Limitations
FEBRUARY
02/25/2021: Thailand – COVID-19: Tax Filing Extensions for 2020, Social Security Reduction for 2021
02/24/2021: Belgium – Tax Treatment of Expatriate Benefits-in-Kind Clarified
02/18/2021: OECD – COVID-19: Recent Guidance on Tax and Cross-Border Workers
02/10/2021: Greece – Publication on Special Tax Regimes
02/05/2021: Japan - Extended Filing and Payment Deadlines for 2020 Individual Taxes
JANUARY
01/28/2021: Ireland – Share Schemes Reporting Deadline, New 2020 Electronic Reporting Requirements
01/22/2021: Czech Republic – What’s New for Employers and Employees in 2021?
01/15/2021: European Union – Changes Afoot on Substantial Activity of Temp Agencies?
01/15/2021: Argentina – Taxpayers’ Wealth Subject to Mandatory and Extraordinary Contribution
01/13/2021: Portugal - Post-Brexit Tax Registration Obligations for U.K. Nationals
01/12/2021: Italy & Switzerland – New Cross-Border Commuter Agreement
01/12/2021: Spain – General Budget Law for 2021 Approved, Measures Affecting Individuals
01/05/2021: Greece – Recently-Introduced Measures Aim to Attract New Tax Residents
01/04/2021: People’s Republic of China – Rectification Filing Deadline if Resident Status Change
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