News & Analysis as of

Withholding Tax

Rivkin Radler LLP

No Matter How Bad it Gets . . . Pay Your Withholding Taxes?

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According to statistics released by the Administrative Office of the U.S. Courts for the twelve-month period ending Dec. 31, 2025, bankruptcy filings by businesses rose 7.1 percent and non-business filings increased by 11.2...more

International Lawyers Network

Establishing a Business Entity in China (Updated)

In general, foreign funds are not freely movable into China. There is a long history of exercising comprehensive control over foreign investment since China opened its door in the early 1980s. As the economy continues to...more

Farrell Fritz, P.C.

New Bill Proposes Annual Withholding Tax on Trusts with Assets Exceeding $50M

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On May 12, 2026, a Bill entitled the “Fair Trusts for Fiscal Responsibility Act” was introduced in the Senate by Sen. Patty Murray and co-led by Sen. Ron Wyden. The proposed legislation would impose an annual “withholding...more

White & Case LLP

Proposed Australian Capital Gains Tax changes for foreign residents

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In addition to the several new tax measures announced in the Australian Federal Budget handed down on 12 May 2026, the Treasurer reiterated his commitment to the previously announced significant non-resident Capital Gains Tax...more

Holland & Knight LLP

Consejo de Estado de Colombia revive tarifas anteriores de autorretención

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El Consejo de Estado de Colombia, mediante auto del 7 de mayo de 2026, suspendió en forma provisional los efectos de los artículos 2 al 8 del Decreto 572 de 2025, normas que habían introducido modificaciones sustanciales a...more

Mayer Brown

Précisions au BOFiP des modalités d’application du dispositif de lutte contre les "CumCum externes"

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L’administration fiscale a publié ses commentaires détaillés sur les modalités d’application du dispositif prévu à l’article 119 bis A, II du CGI, dans sa version issue de l’article 96 de la loi n° 2025-127 du 14 février 2025...more

Proskauer - Tax Talks

Burlington in the Court of Appeal: New Guidance on Purpose Tests and Access to Treaty Benefits

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The Court of Appeal has confirmed in Burlington Loan Management DAC v HMRC that “obtaining the benefit of” a tax treaty is not the same as “taking advantage of” it. The treaty anti-abuse rule will only apply where the...more

Hughes Hubbard & Reed LLP

US Tax Consequences of the Jones Act Waiver

On April 24, U.S. Customs and Border Protection extended a limited waiver of the Jones Act that had originally been granted on March 19. As a result of the waiver, non-U.S. flagged vessels are permitted to transport certain...more

Seward & Kissel LLP

Jones Act Waiver Raises Potential U.S. Federal Income Tax Issues

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On April 24, President Trump extended the existing waiver of the Jones Act (the “Waiver”), which permits foreign-flagged vessels to transport oil, fuel and fertilized between U.S. ports.  The original waiver was set to expire...more

Paul Hastings LLP

UK Court of Appeal Upholds Treaty Relief in Win for Secondary Market Participants

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In welcome news for secondary debt markets, the UK Court of Appeal upheld decisions in the lower tribunals in favour of the taxpayer that the “principal purpose test” (PPT) in the UK/Irish double tax treaty (DTT) did not...more

Ropes & Gray LLP

Court of Appeal Delivers Clarity: Burlington Ruling Sets the Bar for Purpose Tests and Treaty Benefits in International Tax

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The much-anticipated Court of Appeal judgment in HMRC v. Burlington Loan Management DAC [2026] provides some welcome clarity and reassurance to taxpayers (and their advisers) grappling with the application of purpose tests in...more

International Lawyers Network

Establishing a Business Entity in Argentina (Updated)

1. Types of business entities - The most common types of legal entities adopted in Argentina are the limited liability company (“Sociedad de Responsabilidad Limitada” or “SRL”), the corporation (“Sociedad Anónima” or “SA”)...more

Herbert Smith Freehills Kramer

Critical Australian Tax Developments for Private Equity: what you need to know

There are significant tax developments underway that have the potential to materially impact private equity debt and investment structures in Australia. Private equity investors can expect the Australian Taxation Office (ATO)...more

Herbert Smith Freehills Kramer

Critical Tax Developments for Private Equity: what you need to know

There are significant tax developments underway that have the potential to materially impact transaction financing and investment structures in Australia. ...more

Mayer Brown

Assujettissement de sommes versées au titre d’un accord de licence à une retenue à la source de 10 %

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La Cour administrative d’appel de Paris confirme l’application d’une retenue à la source de 10 % à une somme versée au titre d’un « accord de licence » par une société française à une société sud-coréenne, qualifiant cette...more

Mayer Brown

Délai de réclamation applicable aux retenues à la source

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Saisi d'un recours pour excès de pouvoir, le Conseil d'État juge que le délai spécial de réclamation applicable aux retenues à la source (31 décembre de l'année suivant celle au cours de laquelle la retenue a été opérée)...more

Harris Beach Murtha

What to Know About Massachusetts’ Nonresident Real Estate Withholding Tax

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The Massachusetts Department of Revenue (“DOR”) has implemented a withholding tax on non-resident sellers of real estate when the real property sells for at least $1 million as codified in 830 CMR 62B.2.4....more

Mayer Brown

Withholding Income Tax at a Zero Rate and Export Financing

Mayer Brown on

On February 23, the Brazilian Federal Government published Decree No. 12,851/2026, delegating regulation of the method for proving the allocation of financing to exports to the Special Department of Federal Revenue of Brazil...more

Walkers

Irish Lessors fly free of Indian tax

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Following a prolonged period of uncertainty on application of the India-Ireland double taxation treaty (IIDTT) to aircraft leasing arrangement between Irish special purposes entities, particularly those availing of the Irish...more

Ropes & Gray LLP

Back-leverage in European CRE: Key Tax Considerations

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This fourth instalment of our five-part series examines some of the key tax considerations that arise in structuring and negotiating European back-leverage transactions....more

A&O Shearman

Anti-abuse provisions in double tax treaties: beneficial ownership, the EU Danish cases and U.S. limitation on benefits

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In recent years, we have seen tax authorities increasingly relying on anti-abuse arguments to deny relief under double tax treaties. In this briefing, we consider three themes that have been coming up frequently in practice...more

Fisher Phillips

Separating Myth From Reality on New “No Tax on Overtime” Law: Key Facts Employers Must Know This Tax Season and Beyond

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A new federal law enacted last year provides a tax benefit to employees who receive overtime pay – but calling it a “No Tax on Overtime” law is a bit of misnomer. For starters, OT pay remains taxable and subject to...more

Mayer Brown

UK HMRC Pauses Concession on Failures to Withhold Tax on Interest Payments

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1. WHAT HAPPENED? HM Revenue & Customs (HMRC) has paused operation of its long‑standing practice under which, where UK‑source yearly interest was paid gross to a treaty-entitled overseas lender before HMRC clearance was...more

Kilpatrick

Updated Special Tax Notices for Retirement Plan Distributions

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On January 15, 2026, the IRS and Treasury issued Notice 2026-13, which updated the guidance available to plan administrators tasked with providing rollover notices and safe harbor special tax notices designed to comply with...more

McDermott Will & Schulte

IRS roundup: December 12, 2025 – January 12, 2026

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for December 12, 2025 – January 12, 2026....more

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