International Tax Bytes by Steve Towers

International Tax Bytes by Steve Towers video podcasts provide a weekly review of the significant international tax developments impacting multinationals.

[International Tax Bytes by Steve Towers @intltaxbytes]

The UK will require UK-resident companies to exclude foreign PE profits and losses from corporation tax calculations, making the foreign branch exemption mandatory.

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[International Tax Bytes by Steve Towers @intltaxbytes]

The EU Council has provisionally agreed new rules “to strengthen the fight against VAT fraud in the EU by ramping up cooperation between member states, the European public prosecutor’s office … and the European anti-fraud office …”.

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[International Tax Bytes by Steve Towers @intltaxbytes]

In Indonesia, the government has issued a new regulation on the preliminary refund procedures for tax overpayments. The new regulation (PMK-28) replaces the previous regulation and PMK-28 generally tightens the procedures for preliminary tax refunds.

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[International Tax Bytes by Steve Towers @intltaxbytes]

In the latest ITB, I continue my detailed review on the Side-by-Side Safe Package for the GloBE rules - Extension of Transitional CbCR Safe Harbour. This is the last component in the Side-by-Side Package for the GloBE rules.

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[International Tax Bytes by Steve Towers @intltaxbytes]

Here’s another sneak peek from the latest ITB video podcast!

Watch the full episode at https://t.co/FZo9LgIidz. You can also sign up for our free trial by emailing us at [email protected] or join our subscription plans here: https://t.co/lM7tnoxbbT.

[International Tax Bytes by Steve Towers @intltaxbytes]

Here’s another sneak peek from the latest ITB video podcast!

Watch the full episode at https://t.co/FZo9LgIidz. You can also sign up for our free trial by emailing us at [email protected] or join our subscription plans here: https://t.co/lM7tnoxbbT.

[International Tax Bytes by Steve Towers @intltaxbytes]

Australia is seeking feedback on a draft hydrogen production tax credit covering 2027–2040, with up to 10 years of support per project. Submissions close 25 June 2026.

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[International Tax Bytes by Steve Towers @intltaxbytes]

Here’s a sneak peek from the latest ITB video podcast!

Watch the full episode at https://t.co/FZo9LgIidz. You can also sign up for our free trial by emailing us at [email protected] or join our subscription plans here: https://t.co/lM7tnoxbbT.

#ITB #internationaltax

[International Tax Bytes by Steve Towers @intltaxbytes]

Advocate General Kokott of the European Court of Justice has issued an opinion on the application of the anti-abuse rule in the EU Parent-Subsidiary Directive (PSD)

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[International Tax Bytes by Steve Towers @intltaxbytes]

The OECD has released an updated version of its Consolidated Commentary on the GloBE rules. The updated version combines the original Commentary issued in March 2022 with all agreed Administrative Guidance released between March 2022 and May 2026.

(https://t.co/FZo9LgIidz)

[International Tax Bytes by Steve Towers @intltaxbytes]

- Other developments concerning Australia, Hong Kong, Indonesia, Korea, Malaysia, New Zealand, EU, Germany, Ireland, Portugal, Sweden, UK, South Africa, Bermuda, Panama, US, and treaties.

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#ITB #internationaltax #pillarone #pillartwo #OECD #AGKokott

[International Tax Bytes by Steve Towers @intltaxbytes]

This week’s International Tax Bytes video podcast:

- Poland plans to impose 75% windfall tax on oil sector.

- OECD releases updated Consolidated Commentary on GloBE rules.

- AG Kokott issues important opinion on anti-abuse rule in EU’s Parent-Subsidiary Directive.

[International Tax Bytes by Steve Towers @intltaxbytes]

Watch the highlights in today’s ITB!

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#ITB #internationaltax #pillarone #pillartwo #GloBErules\

[International Tax Bytes by Steve Towers @intltaxbytes]

Here’s another sneak peek from the latest ITB video podcast!

Watch the full episode at https://t.co/FZo9LgIidz. You can also sign up for our free trial by emailing us at [email protected] or join our subscription plans here: https://t.co/lM7tnoxbbT.

[International Tax Bytes by Steve Towers @intltaxbytes]

New #ITB
Quiz Question! Want to test out your knowledge on International Tax?
Visit our International Tax Quiz page (https://t.co/5ozWbemI1B
………) and see if you can answer all of our previous quiz questions. #internationaltaxquiz #internationaltax

[International Tax Bytes by Steve Towers @intltaxbytes]

In the latest ITB, I review the Side-by-Side Package for the GloBE rules – Simplified ETR Safe Harbour (Part 10): Eligibility restrictions, covering ineligible jurisdictions, entry and re-entry, integrity rules, and applicability.

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[International Tax Bytes by Steve Towers @intltaxbytes]

Here’s another sneak peek from the latest ITB video podcast!

Watch the full episode at https://t.co/FZo9LgIidz. You can also sign up for our free trial by emailing us at [email protected] or join our subscription plans here: https://t.co/lM7tnoxbbT.

[International Tax Bytes by Steve Towers @intltaxbytes]

In Curaçao, the government has announced its updated policy on the GloBE rules: an IIR will be implemented (applicable to fiscal years commencing on or after 1 January 2025), but a QDMTT and a UTPR will not.

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[International Tax Bytes by Steve Towers @intltaxbytes]

Here’s a sneak peek from the latest ITB video podcast!

Watch the full episode at https://t.co/FZo9LgIidz. You can also sign up for our free trial by emailing us at [email protected] or join our subscription plans here: https://t.co/lM7tnoxbbT.

#ITB #internationaltax

[International Tax Bytes by Steve Towers @intltaxbytes]

To reduce the risk of local GIR filings if exchange relationships are not activated by 30 June 2026, the OECD’s “Support for central GloBE Information Return Filing and Exchange (2024 Reporting Fiscal Year)” outlines a “common understanding”…

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