Transfer pricing and profit allocation post-COVID-19

As European countries begin to ease their lockdowns, the policies implemented to alleviate the impact of COVID-19 on public health are still resulting in significant operational disruption for many multinational companies. We explore the action companies should take now to position themselves in a post-COVID-19 world.

Cross-border employees under lockdown: where is tax due?

With borders closed around the world, the sheer volume of tax rule changes and guidance issued by tax authorities over the past two months has been overwhelming. Dan Foster gives a coherent overview of the current state of play.

New QI & FATCA FAQs published by the IRS

Last week, the U.S. Internal Revenue Service published various new FAQs on their website. We set out in this article the implications of these new FAQs for Swiss financial institutions.

Don’t forget to claim back Swiss VAT

Businesses without a Swiss establishment or VAT registration still have until the end of June 2020 to file their refund claim for Swiss VAT incurred in 2019. Please note that the deadline for any VAT refund claim remains 30 June 2020. The deadline cannot be extended, even in the current COVID-19 circumstances.

Extension of Time to File FATCA Reporting (Form 8966)

In response to the COVID-19 virus, the U.S. Internal Revenue Service (IRS) has granted an automatic extension of time for Reporting Model 2 and Participating FFIs to file their FATCA reporting (Form 8966) to the IRS.

Tax transparency for family offices, trustees and fiduciaries

Our recently completed KPMG tax transparency event series highlighted the extensive new requirements in the field of tax transparency, with a particular focus on the challenges for family offices, trustees and fiduciaries. Stefan Keglmaier summarizes the most important takeaways of our session.