WTS Newsletter

Stand 18.01.2023. Aufgrund des Angriffskrieges Russlands gegen die Ukraine wurden in den vergangenen Monaten zahlreiche restriktive Maßnahmen gegen die Russische Föderation und Belarus erlassen, soeben das neunte Sanktionspaket. Die aktuellsten Entwicklungen haben wir Ihnen im Folgenden aus exportkontrollrechtlicher Sicht zusammengefasst.

Stand 10.10.2022, 18 Uhr. Aufgrund des Angriffskrieges Russlands gegen die Ukraine wurden in den vergangenen Monaten zahlreiche restriktive Maßnahmen gegen die Russische Föderation und Belarus erlassen, soeben das achte Sanktionspaket. Die aktuellsten Entwicklungen haben wir Ihnen im Folgenden aus exportkontrollrechtlicher Sicht zusammengefasst.

Stand 04.08.2022, 16 Uhr: Aufgrund des Angriffskrieges Russlands gegen die Ukraine wurden in den vergangenen Wochen zahlreiche restriktive Maßnahmen gegen die Russische Föderation erlassen, soeben das siebte Sanktionspaket vom 21. Juli 2022. Weiterhin wurden die bestehenden Embargomaßnahmen gegen Belarus aufgrund der Unterstützung des russischen Militärangriffs erweitert. Die aktuellsten Entwicklungen haben wir Ihnen im Folgenden aus exportkontrollrechtlicher Sicht zusammengefasst.

Stand 09.06.2022, 16 Uhr: Aufgrund des Angriffskrieges Russlands gegen die Ukraine wurden in den vergangenen Wochen zahlreiche restriktive Maßnahmen gegen die Russische Föderation erlassen, soeben das sechste Sanktionspaket vom 03. Juni 2022. Weiterhin wurden die bestehenden Embargomaßnahmen gegen Belarus aufgrund der Unterstützung des russischen Militärangriffs erweitert. Die aktuellsten Entwicklungen haben wir Ihnen aus exportkontrollrechtlicher Sicht zusammengefasst.

Brazil: Benefits of the drawback regime extended to some services
China: China’s customs relaxes voluntary disclosure rules
Italy: Penalties for customs violations must be proportionate: the Italian Supreme Court takes a clear position against the more than proportional increase in penalties for customs law violations
United Kingdom: UK developments on CDS
United States: Applicability of the First Sale Rule for Non-market Economies
Germany: Appeal in “Hamamatsu” case rejected by German Federal Fiscal Court

• China: Export tax rebate made easy
  Italy: The contrast between the digitalization of the bill of import and the requirements for deducting Import VAT
  United Kingdom: Brexit 2022 update – 2
  Vietnam: Goods labeling
  UK/EU: EU Sanctions developments on Russia/Ukraine
  Germany/EU: Restrictive measures against Russia and Belarus due to the war of aggression against Ukraine – Current developments

• Austria: Customs law thwarts VAT law
• Belgium: E-commerce: Belgium changes VAT rules on importer of record
• Brazil: Brazilian Superior Court of Justice defines the calculation of penalty and interest on drawback
• Brazil: Ex-Tariff saved from extinction
• China: Major updates in China customs
• France: The Goods and Services Tax Code – (A way to clarify the applicable rules!)
• Hungary: Changes to customs administration in Hungary
• Italy: Importer not established in the EU – operative clarifications
• Senegal: The recent customs reforms of 20 December 2021
• Singapore: Asia’s FTA Spree: benefits galore for businesses but caveat emptor
• Sweden: Swedish Import VAT – Is Swedish Customs the competent authority?
• United Kingdom: National Security and Investment Act
• United Kingdom: Brexit 2022 update
• United States: Outcome of “De Minimis” will have Major Effects on E-Commerce Importations and the US FTZ Program
• Vietnam: Import of software to Vietnam

Brazil: Ex-Tariff on the brink of extinction
China: Major updates in China Customs
France: Customs administration – French cultural exception?
Italy: The importer is almost always responsible in case of an untrue certificate of origin
Mexico: CFDI with consignment note complement
Pakistan: Pakistan Single Window (PSW)
United Kingdom: EU export controls on dual-use goods: the latest update
Vietnam: Duty–free goods imported for export production and processing

Sub-participations in loans - ECJ judgement of 6 October 2022 (C-250/21)
Consequences of the Cum-Ex-Trades on WHT refund and relief in Austria
The Belgian Constitutional Court decides on the annual tax on securities accounts (ATSA)
Additional taxes for the Belgian financial sector and snowball effect for Belgian regulated investment companies (tax-on-tax)
Reclaim opportunity re Belgian WHT for Luxembourg SICAVs
China: Tax audits on private wealth
Czech Republic: Windfall tax
Draft bill to improve attractiveness of Germany as a Financial Services location
Germany: Court decision: taxation of realized capital gains from fund units in the context of the 2018 tax reform
Italian Tax authorities rule on VAT and income taxes on mining activity
Poland: Changes to banking tax
Changes on Spanish SICAVs
United Kingdom: Autumn Statement 2022 impacts financial institutions

Austria: Changes in the taxation of investment income by way of the Austrian tax reform 2022
China: Green channel for foreign loans to high-tech firms
Czech Republic: Taxation of cryptocurrencies & required capital of self-governed investment funds
Finland: Exit tax proposed for individuals
France: French Supreme Tax Court validates the possibility of charging foreign tax credits on the share of costs and expenses on dividends
Germany: ECJ judgement in the case “ACC Silicones” - C-572/20 & draft administrative guidance on duties of cooperation related to crypto assets & new regulation on crypto fund units
Indonesia: Taxation of crypto asset transactions, new regulation as of 30 March 2022
Italy: Important update on WHT reclaims due to recent Supreme Court decisions Poland: Interest on overpaid WHT for third-country investment and pension funds - SAC requests CJEU
United Kingdom: Sovereign immunity from direct taxation, Investment Management Exception, qualifying asset holding companies regime

Argentina: Summary of recent tax news relevant to the FS industry
Belgium: Luxembourg treaty exemption for the Annual Tax on Securities Accounts at risk?
Finland: CJEU dated 7 April 2022 (C-342/20): Finnish WHT exemption in conflict with free movement of capital &
Finland: Finnish Tax Administration reveals malicious companies set up for tax evasion “as a service”
France: Intra-group interest – improvement for taxpayersGermany: Final administrative decree on crypto assets & Decision in ECJ case C-641/17 & “CPP” & Federal Tax Court on cum-/ex-transactions
Italy: Tax ruling on WHT exemption and foreign investment funds (dated 30 March 2022)
Poland: Two Supreme Administrative Court decisions on cryptocurrencies and interest on overpayment
United Kingdom: Changes to Economic Crime Act 2022 & Plans of HMRCs Business Risk Review & Crypto asset developments & Changes to the US Qualified Intermediary Agreement

Hot topic: ECJ landmark decision in the case C-545/19 (AEVN) dated 17 March 2022
Hot topic: OECD Commentary on Pillar Two
Austria: Supreme Administrative Court on foreign Trusts
Belgium: New fund type – Belgian ELTIF
Belgium: WHT reclaim
China: Change in taxation of equity investments
Czech Republic: New Czech government & increase of interest rate
France: Tax measures on gains from the sale of digital assets
Germany: Economic ownership and securities lending & WHT on crypto fund units
Netherlands: Government proposal to curb dividend stripping
Poland: Supreme Administrative Court on beneficial ownership & Indirect transactions with tax havens
Sweden: WHT for pension funds & VAT treatment of interchange fees in Sweden
UK: HMRC on Implementation of Pillar Two, ISA compliance and Uncertain Tax Treatment & Review of UK funds regime

EU Member-States

Italy: VAT deduction and year-end peculiarities
Poland: recent developments regarding the fixed establishment in Poland
Romania: changes to Romanian Fiscal Code as of 1 January 2023

Further countries

Brazil: federal government reduces tax burden on the import of services
China: national VAT e-invoicing targeted this year
Switzerland: changes to the Swiss VAT landscape as of 1 January 2023

EU Member-States

Austria I: New interest rule for overdue VAT credits and claims
Austria II: No Reverse Charge Mechanism in case of rental revenues of foreign property owners
France: Spontaneous regularization of French VAT on distance sales by foreign operators
Germany I: Annual VAT returns: New deadlines and interest rules
Germany II: Federal Fiscal Court: Transfer of vouchers in distribution chains

Further countries

KSA: E-Invoicing Phase II “linkage and integration”
Nigeria: Guideline on VAT requirements of non-resident digital service providers

EU Member-States

The Netherlands: Broader interpretation of conditions for forming a VAT group

Further countries

Chile: VAT changes for services
China: VAT measures to tackle business contraction
Nigeria: VAT obligations of non-resident digital service providers
Vietnam: VAT rate reductions

EU Member-States

Austria: Change in the VAT treatment of rental revenues of foreign property owners
Belgium: VAT registration with a fiscal representative, new rules on guarantees
France: Changes in sight
Germany/EU: Changes to Intrastat reporting
Hungary: VAT changes from 2022
Italy: E-invoicing via SDI extension
The Netherlands: Developments for investment funds and VAT fiscal unities
Poland: Voluntary e-invoice as of 1 January 2022
 

Further countries

China: Changes to indirect tax surcharges
Kingdom of Saudi Arabia: Changes to VAT, invoicing and customs charges
Singapore: Expanding the scope of application of GST
Ukraine: New VAT regulations taking effect in 2022

Bundesverfassungsgericht hebt BFH-Urteil vom 27.2.2019 – I R 73/16 – auf

Argentina: Argentine Tax Court ruling on “Cargill” Transfer Pricing Case
Austria: Intra-Group Financing – Austrian Specifics
Austria: Decision of the Austrian Financial Court regarding Transfer Pricing
Brazil: Superior Court of Justice rules out illegal Methodology to calculate the PRL 60 Method
Chile: 2022 Tax Reform Bill Proposal to update Transfer Pricing Regulations in Chile
France: Research Tax Credit and Subsidies Synergies with Transfer Pricing
Indonesia: Introduction of New Transfer Pricing Methods
Italy: New Arm's Length Range is set for Transfer Pricing
Poland: Administrative Courts condemn Tax Authorities’ unlawful Practices regarding the Questioning of Benchmarking Studies 
Saudi Arabia: Amending Transfer Pricing Instructions to apply to Zakat Payers
Senegal: Transfer Pricing: Systematizing the Control of Reporting Obligations
Thailand: Cash Pooling between related Companies
Ukraine: The War is not an excuse to ignore Transfer Pricing Compliance
United Kingdom: Draft Legislation on the UK TP Documentation Requirements

Europe
Austria: New Info from the Austrian Ministry of Finance – Mutual Agreement Procedure and Arbitration Procedure
Denmark: Mandatory Submission of Transfer Pricing Documentation in Denmark during 2022
France: The SAP Case: The Difficulty for Tax Courts when Handling Negative Interest Rates
Hungary: TP Update
Ireland: The Irish Position on the proposed ATAD3 Directive
Italy: DAC6 Reporting: Year-End TP Adjustment
United Kingdom: APAs, ATCAs and HM Revenue and Customs Statistics

Further Countries
Argentina: Deemed Affiliation: Cross-Border Transactions with Low-Tax Jurisdictions
Brazil: Plan for Brazil’s Accession to the OECD: Changes to Transfer Pricing Rules
Chile: Practical Lessons learned from Transfer Pricing Audits in Chile
China: First Chinese Customs and Tax Collaborative Transfer Pricing Management Mechanism
India: The Indian Revenue’s Measures for effective Dispute Resolution
Kenya: A Fundamental Shift in the Transfer Pricing Regime in Kenya
Senegal: After joining the Multilateral Convention, a Step forward in the Fight against Tax Evasion & Avoidance

Europe
Austria: No annual CbCR notification required since 1 January 2022
Czech Republic: The Czech Supreme Administrative Court’s thoughts on related party definition
France: The RKS case: shades of nuance in TP by the French Supreme Administrative Court
Germany: New case law on the determination of arm’s length interest rates for intercompany loans
Ireland: TP Compliance requirements in Ireland
Italy: New rules on TP documentation
The Netherlands: Netherlands disallows unilateral downward TP adjustments
Poland: Polish regulations on “indirect” transactions with tax havens
Portugal: Amendments to Transfer Pricing legislation
United Kingdom: Outcome of the UK consultation on TP documentation  
Ukraine: Ukrainian Ministry of Finance clarifies new TP rules on business purpose

Further Countries
Brazil: Effects of extinction of LIBOR rate to Brazilian TP controls
China: Deduction of interest charged by related parties  
New Zealand: New BEPS disclosure guidance and preparation forms
Taiwan: Taiwan CFC rules will be implemented as of 2023 in response to the Global Minimum Tax

Europe
Austria: New Austrian Transfer Pricing Guidelines 2021
Belgium: Belgian Transfer Pricing court case: a rare occurrence
France: The Engie Case: an ambitious new approach by the French Tax Administration
Germany: German Federal Ministry of Finance: Administrative Principles 2021 on Transfer Pricing published
Germany: Recent changes on German Tax Law concerning Transfer Pricing
Ukraine: State Tax Service intensifies TP control

Further Countries
Argentina: Transfer Pricing developments in Argentina
Benin: Transfer Pricing Update Benin
Chile: Migration of the approach of the Chilean Revenue Service to segments with greater fiscal impact
China: Responses to practical questions on the Transfer Pricing implications of the COVID-19 impacts15
Nigeria: Transfer Pricing Update on Nigerian TP case
Senegal: Implementation of Action 12 of BEPS project: a strengthened internal tax system
Taiwan: Supreme Administrative Court decides on one-time Transfer Pricing adjustments
Thailand: TP legal framework and practical insights
United States: The US’ role in global adoption of Pillar 1 and Pillar 2 / ongoing conversations in the US on tax reform / a status update on US tax reform
Vietnam: Transfer Pricing Update Vietnam