On July 31, 2019, the United States Internal Revenue Service issued a memorandum for all Large Business and International Division employees informing them of the withdrawal of a directive regarding cost sharing arrangements in the light of the recent Court of Appeals ruling in the Altera case.

Polish Finance Minister Marian Banas has urged the Finnish presidency of the European Union to press ahead with reform of EU VAT rate rules, to enable the country to reduce the rate of VAT on children's clothing and footwear.

Italy's tax agency on July 30, 2019, published a definitive version of the rules for the operation of the country's patent box regime.

A group of 21 Republican members of the US Senate have signed a letter to the Treasury Secretary urging him to amend how capital gains tax liability is calculated.

The Inland Revenue Authority of Singapore (IRAS) has released new guidance for GST-registered persons on the completion of new boxes in the GST F5 return from next year.

On July 30, 2019, the Greek parliament approved government proposals for a reduction in the unified property tax, ENFIA, and relaxed repayment rules for individuals with other tax debts.

Mauritius has published in its Official Gazette legislation to enact measures announced in the territory's latest Budget, contained in The Finance (Miscellaneous Provisions) Act 2019.

The European Commission has approved an Austrian tax incentive for mid-sized business financing companies.

Bulgaria's Council of Ministers earlier this month approved two agreements with the United States allowing for the automatic exchange of country-by-country transfer pricing reports.

Gibraltar has enacted new regulations to transpose the EU's new tax dispute resolution mechanisms, set out in EU Council Directive 2017/1852, into Gibraltar's domestic tax law.

The European Commission has urged Greece to align its rules regarding the limited deductibility of foreign losses.

The Canadian Government is consulting on draft legislative proposals to implement a number of tax measures announced in the 2019 Budget.

South Korea's Government has announced that it will provide tax relief to small and medium size businesses that have been affected by Japan's decision to remove 159 South Korea products from its export "white list."

Oman's Government has released a statement confirming that it is preparing to introduce VAT legislation into parliament to implement the levy without delay.

Kosovo's new corporate income tax law has entered into force and is effective from January 1, 2019.