WTS Newsletter

Restriktive Maßnahmen gegen Russland und Belarus aufgrund des Angriffskriegs gegen die Ukraine 
- Aktuelle Maßnahmen (Stand 02.03.2023)
 

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.

• China: China boosting offshore trading business
• Netherlands: DMS: The new Dutch Customs declaration system
• United Kingdom: Upcoming deadlines for import and export measures in the UK
• Vietnam: “Royalty” fees for imported goods
• Germany: Restrictive measures against Russia and Belarus due to the war of aggression against Ukraine – Current developments

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

• Hot Topic: Foreign investors in US real property interest – Final regulations on FIRPTA tax exemption for Qualified Foreign Pension Funds (QFPF) issued)
   
• Austria: Married couples are not entitled to apply jointly for refund of capital gains tax
   
• Belgium: Possibility for non-resident investment funds to reclaim Belgian source tax (incl. WHT); Dividends; Interest payments; Belgian real estate income
   
• Denmark: Danish Supreme Court (Højesteret) issues final judgement in the beneficial owner cases on dividends
   
• Finland: Recent Finnish case law considering the tax (WHT) exemption of foreign investment funds
   
• France: An opportunity of tax refund for foreign life insurance companies receiving French source dividends; Quick insight into key VAT measures expected for 2023 and 2024
   
• Germany: International Private Equity funds, the return of capital and German fund investors
   
• India: Key tax proposals arising from the Union Budget
   
• Italy: The Italian Investment Management Exemption: a new safe harbor for asset manager of foreign investment vehicles
   
• Philippines: WHT on Income of Foreign Investors in Philippine Securities
   
• Poland: Reference for preliminary ruling on Polish CIT exemption for self-managed foreign investment funds; Finance Minister's public tax ruling on disclosure duties of real estate companies
   
• Portugal: ECJ rules that marketing of shares in common funds falls within the scope of the Council Directive concerning indirect taxes on the raising of capital(Case C-656/21)
   
• Sweden: Three Finnish public sector pension institutions may be comparable with the Swedish AP funds and be granted a refund of WHT levied on dividend income
   
• United Kingdom: UK IME Investment Transactions List updated with crypto assets
  ​​​​​​​

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

Australia: Pacific Australia Labour Mobility expansion

Austria: Income Tax - exemption with progression for non-residents.

Belgium: Belgian expat tax regime now extended to foreign non-profit organisations

China: IIT benefits continue for another year

France & Switzerland: Agreement on the taxation of home office income

Germany: New Framework for telework between Germany and Austria

Hungary: Tax allowances and leave in 2023

Italy: New interpretations of recurring cross-border tax issues

Netherlands: Exchange of information obligation

Nigeria: Recent updates on immigration rules

Poland: New rules on remote work and business trips

Portugal: Digital Nomad visa and taxation of crypto asset-derived income

Saudi Arabia: Tax implications of global mobility in KSA.

Senegal: Senegal raises its personal income tax shield to 43%

Australia: Pacific Australia Labour Mobility (PALM)

Austria: Establishment of a PE through home office activity

Chile: Global mobility in Chile

China: Expatriates’ tax position affected by staycation

Germany/China: Treaty override regarding German assignees working for a Chinese company

Czech Republic: Flat tax in the Czech Republic

France: French pension “impatriate” regime: exemption from affiliation and from payment of pension contributions

Hungary: Working days instead of calendar days and clarification of the concept of base salary

Italy: Italian source pensions paid to non-resident individuals

Luxembourg: Luxembourg cross-border workers situation since 30 June 2022

Netherlands: Update on the 30% ruling and change in the share option tax regime

Switzerland: Swiss source tax revision – notable changes

Thailand: Long-term Resident Program (LTR)

Ukraine: Taxation of individuals working remotely on Ukrainian projects

Germany/Ukraine: Treaty override regarding Ukrainian employees working in Germany

Vietnam: Work permit issues

We are pleased to present this special edition of our Global Mobility newsletter about one of the hottest topics currently: #workfromanywhere

Austria: Wage withholding tax for foreign employers abolished

Bulgaria: COVID-19: what are the implications on employees and employers in Bulgaria in 2021

China: Tax honeymoon for expatriates ending on 31 December 2021

Germany/France: Being prepared for the 2020 French and German tax return filing season

Germany II: New tax return filing obligation for non-residents in Germany

Hungary: Guidance to Social Security and Personal Income Taxation concerns regarding the COVID-19 pandemic

Italy: The Italian tax regime for “impatriates” – Recent amendments

Russian Federation: Migration and Personal Income tax updates 2021

Senegal: Shall a foreign employee, assigned to Senegal to perform a contract signed between its employer and a local company for less than 90 days, file personal income tax in Senegal?

Sweden: Sweden adopts the Economic Employer Concept and expands companies’ obligations to make tax deductions as of January 2021

The Czech Republic: Taxation of income from employment and entrepreneurship since 2021

• Argentina: New precedent on the conflicts between domestic GAARs vs treaty law
• Austria: UAE shareholders now face Austrian withholding tax on dividends
• Brazil: Proposed changes to the Brazilian rules on the tax deduction of royalties
• Hungary: Termination of the double tax treaty between the United States of America and Hungary
• Italy: International tax amendments in the Italian Budget Law for 2023
• Nigeria: Updates in international corporate tax (ICT) in Nigeria
• Pakistan: Changes in the capital gains tax regime
• Poland: Another twist in the interpretation of “beneficial ownership”
• Senegal: Banking sector: the introduction by the GTC (general tax code) of the deductibility of losses on doubtful or disputed debts through the initial finance law for the year 2023
• Spain: Tax measures introduced in Spain for 2023

Argentina: Suspension of the Argentine Mandatory Disclosure Framework

Austria: No carryforward of withholding taxes

China: China has approved the Multilateral BEPS Convention

Colombia: Colombian tax reform bill 2022

Germany: Council of the EU reaches agreement on global minimum taxation  (Pillar Two)

Poland: Polish holding companies as of 2023

Singapore: Tax treatment of ship pooling arrangements

Argentina: Tax court rules on PE under Belgium-Argentina tax treaty

Austria: Double taxation risk in connection with software as a service

France: Double tax treaties: application of the double tax treaties and beneficial ownership CE, 20 May 2022, n° 444451 Sté Planet

Indonesia: The development of the OECD’s two-pillar solution in Indonesia

Kenya: National tax policy: a more certain future tax regime

Netherlands: The saga on the withholding tax exemption continues

Pakistan: Changes in the corporate tax rate structure

Poland: Polish deal 2.0 – further changes in Corporate Income Tax

Portugal: Remote permanent establishment/remote work

Saudi Arabia: Zakat, tax, & customs authority re-launches tax amnesty initiative

South Africa: The modernisation of South Africa’s tax and exchange control regime

United Kingdom: Pillar 2: draft Income Inclusion Rule (IIR) legislation and consultation response 

Argentina: Argentine Supreme Court rules on treaty shopping in the context  of the Argentina-Chile Double Tax Treaty

Brazil: Victory of taxpayers in the Federal Administrative Tax Court: overlapping of Double Tax Treaties and Brazilian CFC rules 

China: New challenges and impacts brought by Pillar Two to Chinese companies

Germany: Pillar Two

India and Austria: International project business – India: Tax trap offshore supplies 

Italy: Italian rules on hybrid mismatches 

Netherlands: ATAD3 

Pakistan: ATIR rules on taxability of split contract arrangements under Pakistan-China Double Tax Treaty 

Poland: Pay and refund – new WHT collection mechanism for passive payments

Singapore and Indonesia: New Singapore-Indonesia Double Tax Agreement takes effect 

Vietnam: Tax exposure of the PE 

Zum 01.05.2023 wurde das sog. 49 € - Ticket / Deutschland-Ticket eingeführt, mit dem Reisende den ganzen Monat alle Verkehrsmittel des öffentlichen Nahverkehrs nutzen können. Arbeitgeber können ihren Mitarbeitern das Deutschland-Ticket unter bestimmten Auflagen steuerfrei erstatten.

Sachbezugswerte 2023 und die wichtigsten Neuregelungen und Klarstellungen der LStR 2023

Das BMF hat die ab dem 01.01.2023 geltenden Pauschbeträge für Verpflegungsmehraufwendungen und Übernachtungskosten bei Dienstreisen ins Ausland und doppelten Haushaltsführungen im Ausland bekanntgemacht. Diese finden Sie in der Anlage zu unserem Newsletter.

Mit dem Gesetz zur temporären Senkung des Umsatzsteuersatzes auf Gaslieferungen über das Erdgasnetz wurde mit § 3 Nr. 11c EStG eine neue (temporäre) Steuerbefreiungsvorschrift zur Abmilderung der gestiegenen Verbraucherpreise in das Einkommensteuergesetz eingefügt: Arbeitgeber dürfen ihren Mitarbeitern zu diesem Zweck einen Betrag von bis zu 3.000 € steuerfrei zuwenden.