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International updates - March 2018

08 March 2018

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The latest international updates from our correspondents around the world.

Albania: Albania approves changes to accounting standards; introduces IFRS 15

Argentina: Argentine Congress passes comprehensive tax reform

Australia: Treaty benefits, DPT, MAAL and BEPS MLI

Brazil: Conversion into law of amendments to the oil and gas tax framework

Bulgaria: Changes in the Bulgarian Value Added Tax Act effective as of 2018

Canada: Application and interpretation of the principal purpose test

China: Tax treaty relief clarifications issued

Croatia: Double tax treaty between Croatia and Kosovo enters into force

Cyprus: Cyprus amends VAT; imposes 19% on sale of building land and leasing

Georgia: Georgia updates tax legislation

Germany: Lower tax court rules on direct shareholding requirement under EU PSD

Greece: Clarifications pending on the use of foreign terminal losses

Hong Kong: Hong Kong’s latest tax updates

India: Indian budget 2018-19; Recent rulings on the India-Mauritius treaty

Indonesia: Income tax facility in the industrial sector and draft of regulations on e-commerce tax

Ireland: Closing of the consultation on Ireland’s corporation tax code

Italy: Italian tax police, transfer pricing and business restructuring: still hot topics meriting inspection

Mexico: Lack of business purpose as factor in determining sham transactions

Poland: The CIT-8 return involving new transfer pricing obligations

Portugal: Personal income tax on cryptocurrencies: is the recent ruling a final take?

Serbia: Serbia narrows down list of services subject to withholding tax

South Africa: CBC reporting in South Africa - new guidelines and practical challenges

South Korea: New rights for taxpayers subjected to a dawn raid

Spain: How should irrevocable trusts be treated for Spanish tax purposes? Quick review of the Spanish tax agency approach

Switzerland: Beware of equity incentive reporting obligations in Switzerland

Turkey: Restrictions on foreign currency loans

US Outbound: BEAT to hit inbound taxpayers hard

US Outbound: New LB&I directives both change and clarify IRS transfer pricing procedures






International Tax Review Profile

RT @RyanLManess: Really curious how #Wayfair is going to be covered by the non-tax nerd press.

Jun 21 2018 02:50 ·  reply ·  retweet ·  favourite
International Tax Review Profile

Here's our preview piece from earlier this month. More to follow https://t.co/rOQ3qQ8jRX

Jun 21 2018 02:49 ·  reply ·  retweet ·  favourite
International Tax Review Profile

BREAKING: US Supreme Court rules in favour of South Dakota in #Wayfair. Hold on to your hats!

Jun 21 2018 02:42 ·  reply ·  retweet ·  favourite
International Tax Review Profile

The opinion hasn't come yet, but we still expect #Wayfair out this month #tax https://t.co/n7JeBoeRaC

Jun 21 2018 09:27 ·  reply ·  retweet ·  favourite
International Tax Review Profile

@WritersofColour hi there, we have a job available if any of your followers might be interested https://t.co/r3cWzatBmE

Jun 21 2018 09:26 ·  reply ·  retweet ·  favourite
International Correspondents