International updates - February 2016

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International updates - February 2016

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The latest international updates from our correspondents around the world.

Albania: Albania abolishes taxes for small businesses

Argentina: Argentina: Exchange control and foreign trade news

Australia: 'Significant global entities' in Australia contending with new anti-avoidance laws

Bosnia and Herzegovina: Changes to Property Tax Law in the Bosnian Republic of Srpska

Brazil: Brazil issues new interpretative law on taxes covered under double tax treaties

Canada: Canada clarifies foreign currency conversions for thin-cap ratio

Chile: Chilean government sends new tax reform Bill to the Congress

China: China's VAT zero-rating concession for exported service scope expanded

Cyprus: Is your company eligible for a Cyprus tax residency certificate?

EU: 2016: The year of EU corporate tax reform and fiscal transparency?

Georgia: Treaty analysis: Georgia-Belarus double tax treaty enters into force

Germany: German Ministry of Finance set to join case on RETT intra-group exception

Greece: Tick the box for a shifting Greek PE landscape

India: India releases draft report on Income Tax Act simplification

Indonesia: Indonesia to optimise tax revenue and separate tax authority from the Ministry of Finance

Luxembourg: Luxembourg tax amnesty – an unmissable opportunity

New Zealand: New Zealand Court of Appeal rules on residency test for individuals

Norway: Herkules Capital wins carried interest tax dispute in the Norwegian Supreme Court

Poland: Poland set to introduce new tax on financial sector

Russia: Russia announces legislation to register foreign suppliers of e-services for VAT

Spain: Spanish tax lease system does not constitute state aid

Switzerland: VAT and e-invoicing: Switzerland back on track

Ukraine: Ukraine tax code changes taking effect from January 1 2016

more across site & shared bottom lb ros

More from across our site

If Trump continues to poke the world’s ‘middle powers’ with a stick, he shouldn’t be surprised when they retaliate
The Netherlands-based bank was described as an ‘exemplar of total transparency’; in other news, Kirkland & Ellis made a senior tax hire in Dallas
Zion Adeoye, a tax specialist, had been suspended from the African law firm since October over misconduct allegations
The deal establishes Ryan’s property tax presence in Scotland and expands its ability to serve clients with complex commercial property portfolios across the UK, the firm said
Trump announced he will cut tariffs after India agreed to stop buying Russian oil; in other news, more than 300 delegates gathered at the OECD to discuss VAT fraud prevention
Taxpayers should support the MAP process by sharing accurate information early on and maintaining open communication with the competent authorities, the OECD also said
The Fortune 150 energy multinational is among more than 12 companies participating in the initiative, which ‘helps tax teams put generative AI to work’
The ruling excludes vacation and business development days from service PE calculations and confirms virtual services from abroad don’t count, potentially reshaping compliance for multinationals
User-friendly digital tax filing systems, transformative AI deployment, and the continued proliferation of DSTs will define 2026, writes Ascoria’s Neil Kelley
Case workers are ‘still not great’ but are making fewer enquiries, making the right decision more often and are more open to calls, ITR has heard
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