The Global Tax Chronicle- November 2020

A quarterly summary of global tax trends and compliances

The Global Tax Services (GTS) team at BDO in India is pleased to introduce ‘The Global Tax Chronicle’ - A quarterly summary of global tax trends and compliances. Each edition of the chronicle will deliver an international perspective on critical tax developments across the domains of direct & indirect taxation and transfer pricing.

A unique section would spotlight a different country in each edition, elaborating on significant tax regulations in that jurisdiction. The publication will also be supplemented with a compliance calendar highlighting key global tax compliances from a business perspective.

Edition 1, Country in focus: US

The US features on the list of mature tax jurisdictions; however, undertaking compliances can be challenging at times, even for versed taxpayers. This edition focuses on Form 8938, a commonly missed compliance in the US, along with a special feature on relief made available by the US Government regarding GILTI taxation in light of the pandemic.