Current trends in international taxation are focused on the taxation of business income in general, and not on the treatment of gain or loss from acquisitions.
Their focus on substance is likely to change the way acquisitions are structured, however. Incentives for entities to proliferate on the buy side will be reduced by mandatory consolidation, by measures designed to ensure income is taxed in the jurisdiction where income-producing activities are carried out, and provisions to constrain the benefits of preferential tax regimes.
German Tax Update – 26 June 2025
July 2, 2025
In this week’s German Tax Update, we report on the revised draft guidance on mandatory e-invoicing in Germany.
VIETNAM PASSES NEW CORPORATE INCOME TAX LAW
July 1, 2025
Vietnam's Corporate Income Tax taking effect Oct. 1, 2025, will affect capital gains, PE, loss offset, overseas investment declaration, and exit planning.
Permanent Establishments often arise earlier—and more easily—than companies expect
July 1, 2025
The establishment of permanent establishments remains a perennial issue in international tax law - especially for expanding business models. New judgements by the Federal Fiscal Court show how quickly an operational detail can become a fully-fledged permanent establishment - with far-reaching tax consequences.
12% VAT on Non-Resident Digital Service Providers in the Philippines
June 30, 2025
The implementation of a 12% VAT on Non-Resident Digital Service Providers (NRDSPs) in the Philippines officially commenced on 2 June 2025.
