World Wide Tax News – Issue 53

In this issue:

• International
  • Latest on Taxation of the Digital Economy
  • ​The World of Private Clients
• Asia Pacific
  • Australia:
    • Australia’s hybrid mismatch rules and their departures from the OECD’S recommendations 
    • Australian Tax Office finalises guidance on diverted profits tax
  • Korea: 2019 Korean Government’s tax reform proposal on international tax issues
  • Sri Lanka: Permanent Establishment – Key developments 
• Europe and the Mediterranean
  • Belgium: Implementation of multi-lateral instrument
  • Hungary: Recent tax changes
  • Italy: Italian Digital Services Tax to be introduced from 1 January 2020
  • The Netherlands: 2020 Tax Budget
  • United Kingdom:
    • Brexit and corporation tax implications of Conservative party win
    • UK taxation of offshore receipts in respect of intangible property (ORIP)
• Latin America
  • Argentina: Creation of “Knowledge Economy Promotional Regime”
  • Panama: General tax amnesty for the payment of interest, surcharges and fines
• North America and the Caribbean
  • United States: Tariffs: List 4A exclusion process opened on 31 October 2019
• Africa
  • Zimbabwe: 2020 Budget