To print this article, all you need is to be registered or login on Mondaq.com.
There is a growing and widely held belief that multinational
companies, particularly US tech companies, are not paying their
fair share of tax.
Amazon, for example, pays little or no tax in the UK despite
selling lots of goods to UK persons. How can this be right? The
answer is because Amazon has no taxable base in the UK and the tax
treaties signed by the UK mean Amazon doesn t have to pay tax
in the UK.
Amazon relies upon the internationally-agreed principle that
How to create a Permanent Establishment in the Netherlands
Facebook
How to create a Permanent Establishment in the Netherlands SHARES Facebook
What s up
Setting up or moving your business to the Netherlands can be a complicated and daunting process. Luckily, Broadstreet explains the process of creating a Permanent Establishment (PE) in the Netherlands, as well as possible resultant taxes and business administration regulations.
What is a Permanent Establishment?
A Permanent Establishment is a fixed place of business, through which the business of an enterprise is wholly or partly carried out. It is not a separate legal entity but rather an extension of the parent company which is situated abroad; factories, offices and construction work for a considerable duration of time are a few examples of a Permanent Establishment.
Lok Sabha clears Finance Bill: Goods owned by Indians not to attract equalisation levy thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Tax treaties and COVID-19 timesofmalta.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofmalta.com Daily Mail and Mail on Sunday newspapers.
Friday, February 5, 2021
Background
From the beginning of the UK’s first lockdown in March of last year we have reported on the impact of the pandemic on individual and corporate tax residence and permanent establishment risk.
In April 2020 the OECD published guidance on the impact of COVID-19 on double tax treaties (DTTs), including in relation to tax residence, tie breakers and permanent establishments (reported by us in Tax Talks). When reporting on the previous guidance we noted that further consideration would be needed should the pandemic continue for a significant time. Accordingly, the OECD has recently updated its guidance to reflect the pandemic’s persistence and the risk that some measures taken in response to the pandemic may no longer be described as temporary. Key aspects of the latest guidance as regards residence and permanent establishments are set out below.