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

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More from across our site

Transfer Pricing

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UN TP subcommittee recommends intangibles analysis: report

Looking at transfer pricing simplification is “obviously helpful”, but it should be done in line with current standards, a senior government figure reportedly said

Sam Sholli, March 27 2025

Direct Tax

‘Is anything really changing?’ Experts react to UK Spring Statement

The UK Government’s plans to close the tax gap via increased HM Revenue and Customs investment have failed to impress local tax advisers

Sam Sholli, March 26 2025

Direct Tax

Hands of project managers discussing project management strategy

Who wins in the new battleground for contracted out R&D?

Under the merged scheme for R&D tax relief introduced last year, rules on contracted out R&D have changed. James Dudbridge argues for a proactive approach when reviewing companies’ commercial arrangements

James Dudbridge, March 26 2025

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What Corporates Want: Southeast Asian advisers rock bottom on budgeting

Cultural nuances could account for tax advisers’ perceived poor cost management, a local partner told ITR

Tom Baker, March 25 2025

Transfer Pricing

Luxembourg tax

Luxembourg’s new TP rules: implications for shareholders and intra-group accounts

Updated rules represent a significant shift in the Luxembourg TP landscape and emphasise the need for robust arm’s-length calculations, says Vanessa Ramos Ferrin of TransFair Pricing Solutions

Vanessa Ramos Ferrin , March 24 2025

Direct Tax

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KPMG leader: new US firm will bolster global managed services

KPMG Law US revolves around contract managed services and the US is the largest market for that, Stuart Bedford tells ITR in an exclusive interview

Sam Sholli, March 24 2025

Direct Tax

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Five minutes with…Robert Christoffel, Saul Ewing

The US law firm’s tax counsel tells ITR about inspirations from a ‘legendary’ German tax scholar, perfecting riesling wine and what makes tax cool

March 21 2025

Direct Tax

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This week in tax: EU tax chief ‘regrets’ Trump’s pillar two condemnation

Wopke Hoekstra also swore the EU would ‘hit back harder’ if faced with a trade war; in other news, a UK watchdog has launched an investigation into an audit completed by MHA

Tom Baker, March 21 2025

Transfer Pricing

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TP issue cited as MNEs explain ICAP non-participation

Other reasons included the complexity of reporting, resource constraints and interactions with tax administrations

Sam Sholli, March 20 2025

Direct Tax

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OECD: widespread increase in economies offering corporate income tax incentives

Despite this boost for investors, the OECD also said that extensive reliance on income-based instruments across economies is concerning

Sam Sholli, March 19 2025