On 18 October 2024, the Bill Amending and Adding New Sections of the National Internal Revenue Code, including 12% VAT on digital services (SB No. 2528), enters into force. The Bill mandates nonresident digital services providers (DSP) to register f…
On 15 October 2024, the Multinational Enterprise (Minimum Tax) Act (No. 33/2024) was adopted. The Act implements the OECD's Global Anti-Base Erosion (GloBE) Model Rules (Pillar 2). The Act introduces a 15% minimum tax rate for multinational enterpri…
On 9 October 2024, the New Zealand Parliament closed a consultation on the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Bill. The Bill would incorporate the Crypto-Asset Reporting Framework (CARF), developed by the …
On 3 October 2024, the Federal Revenue Service (Receita Federal) adopted Normative Instruction No. 2,228, which introduces the Social Contribution on Net Profit (CSLL) in alignment with the Global Anti-Base Erosion (GloBE) Rules. The instruction reg…
On 3 October 2024, the Brazilian government adopted Provisional Measure No. 1,262, which introduced an additional Social Contribution on Net Profit (CSLL) in order to comply with the Organisation for Economic Co-operation and Development's (OECD) Gl…
On 9 September 2024, the Internal Revenue Service (IRS) and the US Department of the Treasury (Treasury) regulations on reporting sales and exchanges of digital assets by brokers enter into force. The regulations align with longstanding reporting r…
On 6 September 2024, the Cabinet of the United Arab Emirates adopted the amended executive regulation of the federal decree-law No. 8 of 2017 on value-added tax (VAT), exempting cryptocurrency transfers and conversions from value-added tax. The amen…
On 30 August 2024, the United States Trade Representative announced the initiation of dispute settlement consultations with Canada under the United States-Mexico-Canada Agreement (USMCA) concerning Canada's Digital Services Tax (DST), enacted as par…
On 22 August 2024, the Treasury Laws Amendment (Multinational—Global and Domestic Minimum Tax) (Consequential) Bill 2024 was passed by the House of Representatives and moved to the Senate. The Bill would impact entities subject to Australian Income …
On 22 August 2024, the Taxation (Multinational—Global and Domestic Minimum Tax) Bill 2024 (Assessment Bill) was passed by the House of Representatives and moved to the Senate. The Bill would establish the framework for implementing the Global Anti-B…