International updates - June 2018

June 19 2018

International Updates

The latest international updates from our correspondents around the world.

Argentina: Regulations on certain tax reform aspects

Australia: Digital tax and stapled structures

Canada: Selected international tax measures from the 2018 Canadian budget

Chile: Chilean IRS interpretation of Article 12 of Chilean double tax treaties

China: New Chinese tax incentives for innovation and private pension provision

Germany: Post-BEPS challenges and transfer pricing solution requirements in central management functions

Hong Kong: Hong Kong introduces an enhanced R&D tax incentive

India: Supreme Court rules on the tax implications of loan waivers

Indonesia: New regulation issued to identify beneficial owners in support of EOI

Ireland: High Court to hear case on deductibility of foreign withholding tax

Italy: Transfer pricing framework in Italy: formal alignment to the OECD principles

Luxembourg: New opportunities for business cooperation between Luxembourg and Ukraine

Malta: Malta Budget Measures Implementation Act 2018

New Zealand: Tax credit for research and development from April 2019

Poland: New commercial property tax in Poland

Russia: Does an asset deal prevent the transfer of historical tax risks in Russia?

South Africa: The impact of the Multilateral Convention on South African investment structures involving Mauritius

Spain: Participation exemption for real estate rental entities

Switzerland: ALPS: International social security compliance in Switzerland has just gone digital

Turkey: Turkey introduces another tax amnesty

US Inbound: Sale of partnership interest

US Outbound: IRS issues APA statistics for 2017

Topics

Sponsored ITR Magazine June 2018

more across site & shared bottom lb ros

More from across our site

Direct Tax

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EY expert highlights ‘additional practical complexities’ around pillar two implementation

While pillar one is still alive, it will apply to a smaller group of companies, Brian Foley also told ITR

Sam Sholli, June 12 2025

Direct Tax

Global digital

Pillar two compliance: building a global tax control framework

Tax teams that centralise and automate their pillar two data will have a much easier time during reporting season, says Hank Moonen, CEO of TaxModel

Hank Moonen, June 11 2025

Transfer Pricing

Back office

India: Key transfer pricing issues with global capability centres

While GCCs drive efficiency for multinationals, they also present a host of TP risks that should be considered carefully

Raghav Bajaj , June 11 2025

Direct Tax

Oslo, Norway - 24 September 2022: PricewaterhouseCoopers or PWC

Trump administration ‘creating uncertainty’ for pillar two implementation: PwC Ireland

PwC Ireland has also called for simplifying Ireland’s tax code and a reduction in its capital gains tax in a pre-budget submission

Sam Sholli, June 10 2025

Direct Tax

Chonqing China business

Burden of proof in Chinese audits: legal principles and strategic responses

Effective audit management requires more than documentation; it’s the way taxpayers engage that can shape audit direction, manage procedural ambiguity, and preserve options for appeal or litigation

Abe Zhao, June 09 2025

Direct Tax

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Opinion: US firms can’t hide from value-added services criticism

American advisers are falling short of client expectations when it comes to providing value-added services, but remaining tight-lipped won’t make the problem go away

Tom Baker, June 09 2025

Awards

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Social Impact Awards 2025 expand to reflect legal innovation

The Social Impact Awards unveil new categories to reflect a changing legal and social landscape

Shailyn Tirado, June 06 2025

Direct Tax

Australia, Canberra

Australia's evolving tax policy landscape: domestic reform and international challenges

Australia's approach to tax policy has undergone significant shifts in recent years, reflecting global trends and unique domestic considerations. These developments merit close attention from tax professionals

Toby Eggleston, June 06 2025

Indirect Tax

US tariffs

This week in tax: UK handed five-week exemption from doubled US steel tariffs

The UK has temporarily dodged the 50% rate due to a trade deal signed with the US in May; in other news, Ryan acquired a Northern Irish tax firm

Sam Sholli, June 06 2025

Transfer Pricing

Hannu-Tapani Leppänen, Aibidia

‘Amazing timing’: Aibidia on expanding AI TP solutions in US

Following a $28 million funding round, Aibidia wants to ‘double down’ on the US market via partnerships with the ‘big four’, the Finnish TP tech provider’s CEO tells ITR

Tom Baker, June 05 2025