Covid-19 Global Tax and Law Tracker
Insights Shaping the agenda Covid-19: Mazars Global Resource Centre Covid-19: Mazars insights Tax and Law
Covid-19 Global Tax and Law Tracker
The Covid-19 pandemic is a constantly evolving global health crisis that is creating a huge range of challenges for individuals and businesses around the world. As governments take unprecedented action to prevent the spread of the virus, businesses are facing an ever-more complex environment to operate within.
Businesses around the world need to understand the changing Covid-19 legislation and tax measures that apply to their business operations, whilst simultaneously develop strategies to protect their employees and the stability of their business during this crisis. Mazars’ global tax and legal experts from around the world have created an interactive tool enabling you to track the global Covid-19 legislation and tax measures around the world that you need to be aware of, and insights providing practical guidance to help you protect your business.
Covid-19 - Global Tax Webinar Series
The Covid-19 pandemic is reshaping global economies and societies in an unprecedented manner.
Covid-19 Transfer pricing comparability analysis
15/02/2021 The recent publication of the Organisation for Economic Co-operation and Development (OECD) provides us with generic guidance on how to handle comparability analysis during the pandemic period. However, the lack of practical guidelines from the OECD forces us to ask ourselves what approach should be taken.
The OECD's guidance on transfer pricing
The OECD released its guidance on the transfer pricing implications of the Covid-19 pandemic on 18 December 2020.
The impact of Covid-19 on transfer pricing
22/10/2020 The Covid-19 pandemic has far-reaching consequences, and will have serious implications on transfer pricing for many multinational enterprises (“MNEs”). This is particularly challenging for businesses to manage due to the current lack of guidance from the OECD.
ICAP 2.0 – Tax audits for MNEs during COVID-19
09/10/2020 Governments damaged by the Covid-19 pandemic are likely to be taking a more aggressive approach in tax field audits on multinational enterprises (MNEs), at least until after their respective economy is on its way to recovering from the impacts of the pandemic.
How Covid-19 related losses may impact policies
The still-undefined crisis of 2020 is different from the 2008 economic crisis. In 2020, the decision to temporarily shut down the economy was state-driven. In order to curb the financial backlash of the lockdowns, banks, and, more specifically, credit institutions around the world were required or fostered to issue emergency state guaranteed loans to businesses.
The future of joint tax audits beyond Covid-19
17/09/2020 The current restrictions imposed by multiple countries to combat the Covid-19 pandemic have limited the possibilities for conducting external tax audits. However, the current pandemic and its consequences for the world economy highlight again that the number of internationally active companies is increasing. This has a significant impact on the future of tax audits.
The future of Global Mobility beyond Covid-19?
23/06/2020 Covid-19 has made one thing very clear: international travel should not be taken for granted. In the global economy as we used to know it, businesses and individuals mastered the ability to ignore borders when doing business. International travel had become a normal part of our daily lives. The upside of being able to work in any location, meet clients face-to-face, would weigh up...
Tax Impact for Multinational Enterprises
02/06/2020 No aspect of a multinational enterprise (MNE) has been left untouched by Covid-19. Focusing on your tax affairs may not be front-of-mind at this time, but reviewing your obligations and fixing outstanding tax issues will help to stabilise your business and prepare for the future. In this article, four Mazars experts provide perspectives from Transfer Pricing, Corporate Income Tax,...
Should inter-group contracts be amended?
27/05/2020 The Covid-19 pandemic has introduced unprecedented social and economic challenges around the world. Our global inexperience of a crisis of this kind challenges individuals, governments and companies to come up with new solutions on how to respond. This situation is particularly challenging for Multinational Enterprises (MNEs) as they are subject to transfer pricing rules globally,...
Multinational enterprises
14/05/2020 Many multinational enterprises’ (MNEs) transfer pricing policies are structured with an entrepreneur and limited risk subsidiaries (the so-called centralised business model). Under this structure, the entrepreneur generally owns all the IP, takes the strategic decisions, organises the financing of the whole MNE and assumes most of the risks associated with the business of the MNE...
Impact on transfer pricing
05/05/2020 The Covid-19 pandemic has caused states to close entire sectors of the economy for the first time. As the virus fuels economic crises around the world, serious questions have arisen over how transfer pricing policies of multinational companies will be affected.
Global Mobility Alert April 2020
We hope you and your families are healthy and safe during these uncertain and unprecedented times. The global spread of the COVID-19 affected many employers and forced them to take some difficult decisions, trying to balance the health and safety of their employees with the need to keep the business running.
EU measures for import VAT and customs duties
16/04/2020 Temporary suspension of import VAT and customs duties for goods to help combat the effects of the COVID-19 outbreak.
Taxation of cross border employees during Covid-19
06/04/2020 Recently published recommendations from the OECD advise on how to treat cross border employees during the Covid-19 pandemic under the application of bilateral tax treaties. Many governments have taken strict measures to protect people in response to the Covid-19 crisis, including the banning of cross-border travel. As a result of these restrictions, many workers who would usually...
Policy reactions in Africa and Middle East
31/03/2020 Policy makers have reacted differently around the globe in a bid to ease the economic disruption caused by Covid-19. Below is a round-up of how governments in Africa and the Middle East have intervened to help people and businesses.
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