Philippines authorities have changed withholding tax rates on payments to Philippines residents for service rendered.
The Federal Council in Switzerland approved amending the withholding tax ordinance to encourage financing groups of companies in Switzerland.
In an effort to increase tax revenue and improve tax administration, the government of Oman has enacted significant changes to its tax law.
The French tax authorities have announced that the deadline for payment of corporate income tax has been extended to May 15.
On July 28, 2016, the South Korean government announced new tax law proposals to take effect on January 1, 2017.
The Brazilian government has issued a number of tax and administrative proposals which aim to tackle the forecasted R$30 billion deficit for 2016. The measures will have the effect of increasing taxes, mainly by reducing the number of tax incentives made available. However, it is the proposed increased tax on capital gains and the reintroduction of the CPMF social security contribution to help fund public health that have generated the most opposition.
In order to assist startups, the Dutch government has proposed a new R&D incentive that will be integrated with the current labor cost system that reduces wage withholding tax.
In an April decision, the Federal Court of Australia upheld an Australian Taxation Office (ATO) ruling holding IBM Australia Ltd. responsible for withholding tax on all payments that it had made to its U.S. parent under a software licensing agreement.
The case illustrates the critical importance of the language used in such agreements when it comes to how the ATO will treat them for tax purposes.