International updates - April 2018

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International updates - April 2018

International Updates

The latest international updates from our correspondents around the world.

Australia: CGT, tax consolidation changes and RCF IV appeal

Belarus: Belarus makes a leap forward: legalises cryptocurrency and provides incentives for related income

Bosnia and Herzegovina: Amendments to the Law on Excise Duties in Bosnia and Herzegovina

Canada: Federal Court authorises CRA to obtain taxpayer information directly from PayPal Canada

Chile: Withholding tax of 35% on outbound payments for video games

China: Tax and regulatory reforms outlined as National People's Congress meets

Cyprus: Double tax treaty between Cyprus and Jersey enters into force

Georgia: Income tax treaty between Georgia and Moldova

Greece: ECJ decision on bad debt VAT relief could serve as a guide in many Greek cases

Hong Kong: A summary of Hong Kong's budget 2018 to 2019

India: No service tax applicable on reimbursements - Rule 5 beyond statute rules Supreme Court

Indonesia: New regulation on calculation of gross turnover

Italy: Ministry of Finance launches a public consultation on transfer pricing

Malta: Tonnage tax regime receives formal approval

New Zealand: New Zealand introduces further measures affecting investment in residential property

Poland: More tax exemptions but only for innovators and good employers

Portugal: European court rules on VAT on real estate transactions in Portugal

Russia: VAT on e-services broadens to cover B2B supplies in Russia from 2019

South Africa: 2018 budget: international tax proposals

Spain: Participation exemption regime: are losses obtained on intragroup transactions deductible?

Switzerland: Financial transactions transfer pricing - latest developments

Turkey: Important changes in the Turkish VAT system

more across site & shared bottom lb ros

More from across our site

ITR’s data has highlighted the US firm’s ambition to become America’s ‘premier’ tax player via a concerted partner recruitment strategy
Jaap Zwaan’s arrival continues a recent streak of A&M Tax investing in the region; in other news, the US and Japan struck a deal that significantly lowered tariff rates
In a world where international tax concepts rely on human activity, Leonard Wagenaar poses existential questions about the future of such ideas when AI is ever-present
France v Axa provides a practical illustration of how the burden of proof is applied in TP matters under French law, ITR also heard
In an exclusive interview with ITR, Ian Gary calls for a central public CbCR database and bemoans the US’s lack of involvement in international tax transparency
Reckitt Benckiser is to divest its Essential Home business, which includes more than 70 brands, to private equity firm Advent International
In the first of a new series of weekly opinion pieces, ITR Editor Tom Baker reflects on the OECD’s attempts to sanitise the US’s brazen pillar two negotiations
The threat of 50% tariffs on Brazilian goods coincides with new Brazilian legal powers to adopt retaliatory economic measures, local experts tell ITR
The country’s chancellor appears to have backtracked from previous pillar two scepticism; in other news, Donald Trump threatened Russia with 100% tariffs
In its latest G20 update, the OECD also revealed tense discussions with the US where the ‘significant threat’ of Section 899 was highlighted
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