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

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Wingrove will succeed Bill Thomas, who has served in the role since 2017; in other news, Andersen unveiled a sharp increase in revenues for 2025
Partners are divided on Italy vs PDM D’s analytical depth, evidentiary standards, and what the judgment signals for future intra-group financing cases
As GCCs increasingly become strategic hubs, multinationals face heightened risks around permanent establishment and place of effective management
While all options presented ‘drawbacks’, European Commission tax leader Wopke Hoekstra said the controversial US carve-out deal has ‘many benefits’
From tech preparations to competitiveness concerns, Tax Systems’ Russell Gammon addresses the most pressing client considerations arising from the SbS deal
Despite estimates that the US/OECD agreement will cost countries billions, the Fair Tax Foundation’s Paul Monaghan believes the deal is a ‘necessary evil’
The firm’s eye-catching UK launch is a major statement of intent, but it will face stern opposition in its quest to be the top global tax player
The postponement came after industry representatives flagged implementation issues with the registration regime; in other news, firms made key tax partner additions
Despite the increased yield, the time taken to resolve enquiries was at a six-year high, new HMRC statistics have revealed
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