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International updates - September 2017

05 September 2017

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The latest international updates from our correspondents around the world.

Albania: Law on remission of unpaid tax and custom duties approved

Argentina: Protocol drastically changes tax treaty with Brazil

Australia: Recent developments

Brazil: Obligation to file CbC report when there is no effective competent authority agreement in place for its automatic exchange clarified; Double tax treaty with Russia now in force

Canada: Conservative approach taken to BEPS Multilateral Instrument

Chile: Life insurances with savings are subject to taxation

China: New rules promote foreign investment while tightening regulatory enforcement

Croatia: Advance pricing agreements implemented

Cyprus: Long-awaited transfer pricing guidelines on intra-group financing released

Egypt: VAT increased to 14%

Georgia: Kyrgyzstan ratifies double tax treaty with Georgia

Germany: German anti-treaty shopping rules under scrutiny

Greece: Clarifications on the tax treatment of foreign trusts and foundations

Hong Kong: Courts rule on taxability of property investments

India: Bombay High Court upholds availability of benefits under the India-Mauritius tax treaty

Indonesia: New CFC rule and new anti treaty abuse rule

Ireland: Briefing paper gives insight into Ireland’s international tax policy

Italy: Moving towards the fourth industrial revolution

Luxembourg: New BEPS-compliant IP regime to open up opportunities

Malta: Updates to the CRS guidelines

Mexico: Substance-only tax litigation proceedings introduced

Montenegro: Montenegro and US sign intergovernmental agreement to implement FATCA

New Zealand: MLI positions

Poland: Proposals will not allow investment cost deductions from operational revenue

Portugal: New VAT payment regime on import of goods

Portugal: Ruling on toll manufacturing and distribution activities and permanent establishment

Russia: The latest trends in the beneficial ownership concept

South Africa: Proposed international tax amendments

Spain: Should medics be taxed on invitations to medical seminars?

Switzerland: Swiss VAT consequences for distance selling businesses as of 2019

Turkey: A new audit mechanism: Call for justification

US Inbound: Tax court rules against IRS on tax treatment of disposition of partnership interest

US Outbound: Cancellation of APAs by IRS, abuse of discretion






International Tax Review Profile

Switzerland has launched its consultation to overhaul its withholding tax ordinance with effect from 2020 https://t.co/dKCmNzS5Tz

Sep 21 2017 11:39 ·  reply ·  retweet ·  favourite
International Tax Review Profile

ITR's Women in Tax Leaders guide 2017 is online now! Check if you made the list here: https://t.co/nRkSpNAk3C @WomenInTax @womentaxjustice

Sep 21 2017 09:49 ·  reply ·  retweet ·  favourite
International Tax Review Profile

The EC has today announced its agenda to tax digital companies more after the latest ECOFIN meeting outcomes https://t.co/pvAaTqS0CY

Sep 21 2017 09:35 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Philippine Senate committee OKs tax reform bill; Will introduce #sugartax. What now for CocaCola's investment plans? https://t.co/41Obf6nlBF

Sep 21 2017 08:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Shocking that Cairn Energy has to wait until August 2018 for its final hearing on the India tax dispute https://t.co/TDghPza3qA via @FT

Sep 21 2017 08:38 ·  reply ·  retweet ·  favourite
International Correspondents