International update for May

International update for May

Tim Sarson’s latest summary of international developments.

Tim Sarson

Partner, UK Head of Tax Policy

KPMG in the UK


Also on

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:

  • COVID-19 developments in the tax landscape;
  • The European Commission’s proposed extension of DAC 6 deadlines; and
  • Withholding tax updates from Russia, Sweden and Egypt.

* First published in Tax Journal on 29 May 2020. Reproduced with permission.

For further information please contact:

© 2021 KPMG LLP a UK limited liability partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

For more detail about the structure of the KPMG global organisation please visit

Connect with us


Want to do business with KPMG?


loading image Request for proposal

Save, Curate and Share

Save what resonates, curate a library of information, and share content with your network of contacts.

Sign up today