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International updates - February 2019

06 February 2019

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The latest international updates from our correspondents around the world.

Albania: Income tax implications following changes to gambling laws

Australia: Australian Taxation Office releases guidelines for inbound distributors, hybrid mismatch rules

Bosnia and Herzegovina: Law on Cash Registers in Brcko District amended

Bulgaria: Bulgaria’s new AML measures still require urgent action by companies

Canada: Canada confirms withholding tax can apply to the assumption of accrued interest

China: China introduces tax and regulatory measures to stimulate investment

Croatia: Agreement on double taxation avoidance signed with Japan

Germany: Digitisation trends and use of the profit split method

Greece: Greece rules that the special solidarity tax falls within the scope of double tax conventions

Hong Kong: Hong Kong concludes free trade agreement negotiations with Australia

India: Delhi’s High Court maintains that overseas GE entities have a permanent establishment in India

Indonesia: Indonesia releases tax regulations on food and beverage provisions to employees

Israel: Israel’s tax outlook for 2019 eyes exponential R&D investment

Italy: Italy implements the EU’s Anti-Tax Avoidance Directive

Luxembourg: Luxembourg transposes the EU’s interest limitation rule into domestic law

Macedonia: Macedonia introduces progressive personal income tax while increasing corporate tax rate

Malta: Malta’s tax framework surrounding an individual’s ownership of cryptoassets

New Zealand: New Zealand proceeds with reform of GST on low-value imported goods

Norway: Norway’s 2019 budget sees corporate income tax dip, stricter interest limitation rules

Poland: Poland reforms income taxes for 2019

Russia: Russia amends concept of beneficial ownership

South Africa: South Africa’s courts hand down judgment on Sasol and substance over form

Spain: The varied holding structures for Spanish residential properties

Switzerland: Swiss corporate tax reform to be subject to a referendum

International Correspondents