BDO Corporate Tax News May 2023

BDO Corporate Tax News summarises recent tax developments of international interest across the world. 

In this issue:

• Australia: 2023 federal budget released and other proposals affecting multinationals
• Austria: Tax regulations for cross-border divisions published
• Belgium: Recent developments in the corporate tax landscape
• France: Loss-making companies may not carry forward unused foreign tax credits
• Hong Kong:
• India: Withholding tax rate on royalties and fees for technical services doubles
• Indonesia: New guidance issued on incentives for operators in Special Economic Zones
• International: 
  • ​Tax and ESG: How tax represents one of the most tangible representations of ESG in action 
  • Pillar Two State of Play
  • Corporate tax bytes
• Kuwait: Companies now required to identify ultimate beneficial owners
• New Zealand: Tax exemptions for e-bikes and e-scooters announced
• Quatar: Changes to income tax law include confirmation of 15% minimum tax
• Romania: Public CbCR reporting requirements apply as from 2023
• Singapore: Good tax governance and corporate tax risk programmes for large companies available
• South Aftica: New loss limitation rule finally enacted
• United Arab Emirates: MOF issues guidance on new corporate tax law
• United Arab Emirates: MOF issues guidance on audited financial statements and PEs

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