Rapid developments in the global economy are prompting swift and constant changes to tax laws in many countries, posing new and complex legal challenges for multinational companies and for high net worth individuals (HNWI). Sweeping reforms are now being contemplated worldwide, and are likely to result in major tax impacts for companies and HNWI. It is essential to be aware of such changes and to respond effectively.
Individually and together, members of World Law Group's International Tax & Private Wealth Group can assist. Members apply in-depth expertise to a range of complex challenges relating to both international corporate taxation as well as the taxation of private wealth. Collectively, via our International Tax & Private Wealth Group, they can bring a global perspective and seamless solutions to any tax dilemma: a call to any single member can harness a tailored advisory team in two or 20 jurisdictions.
The WLG International Tax & Private Wealth Group also enables members to keep abreast of major tax developments around the globe by sharing up-to-date intelligence on changes in tax law and regulation, and successful strategies for responding to such changes. The Group also provides a forum for the exchange of news, analyses and other critical information for tax practitioners in WLG's member firms worldwide. Group members regularly collaborate on digital comparative law guides and other resources useful in members’ day-to-day practice – to help them better serve clients wherever those clients invest and operate.
On January 31, 2020, the Tax Administration Service (as per its acronym inSpanish “SAT”) published an anticipated version of Annex 7 (legal criterion) of theTax Administrative Rules with the purpose of clarifying in which cases the VATshould be withheld.
Yesterday January 30, the Regulatory Decree 116/2020 (the “Decree”) was published in the Official Gazette, which introduces changes to the repatriation regime of foreign currency and the product of financial assets located abroad that aims to the non-application of an increased rate in Personal Assets.
Someday very soon, the US Environmental Protection Agency (EPA or the Agency) will publish a preliminary list of companies that it considers to be "manufacturers" of certain chemicals designated as High Priority Substances pursuantto the Toxic Substances Control Act (TSCA).