Tim Sarson’s latest summary of international developments.
In the midst of the ongoing pandemic, governments have been implementing further measures with extensions for tax filing and payment deadlines. In the Netherlands, for instance, corporate income taxpayers are to be allowed to create a tax reserve (corona reserve) when determining their tax profit. Additionally, the European Commission has proposed a filing extension of reportable arrangements under the new EU mandatory disclosure rules (DAC 6) and there have been updates on withholding tax.
In the latest of his regular articles for Tax Journal*, Tim Sarson looks back at some of the interesting developments that unfolded over the past month in the international tax arena. This month’s article provides updates on the following:
* First published in Tax Journal on 29 May 2020. Reproduced with permission.
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