International updates - May 2017

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International updates - May 2017

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The latest international updates from our correspondents around the world.

Albania: Albania changes Law on Hydrocarbons

Australia: Multinational tax crackdown: Government update on tax audit activities in Australia

Brazil: Brazil issues withholding tax guidance on the importation of services

Bulgaria: Clarifications published on dividends paid between Bulgaria and Moldova

Canada: Canadian 2017 budget provides update on BEPS

China: China finalises transfer pricing guidance

Croatia: Croatia implements BEPS Action 13

Cyprus: Changes anticipated on acceptable profit margins between related companies

Egypt: Egypt ratifies its DTA with Kuwait

Germany: German CFC rules regarding third countries referred to CJEU

Greece: Mutual agreement procedure clarified

Hong Kong: New Hong Kong tax rules for aircraft leasing

India: Capital gains exemption for listed shares; GST bills roll-out in sight

Indonesia: New regulations on exchange of information: beginning of a new era

Ireland: New administrative requirements for section 110 companies

Italy: Italy issues advance tax treatment ruling for logistic hubs and PEs

Luxembourg: The latest weapon in the fight against BEPS: The MLI

Malta: Malta amends tax rules on qualifying employment in aviation

Netherlands: Extended scope of the innovation box

New Zealand: Employee share scheme changes

Norway: Public consultation on expansion of tax residency rules

Poland: R&D tax deduction in Poland

Russia: Russia’s APAs for cross-border transactions offer new possibilities

Spain: Unconstitutionality of municipal capital gains

Switzerland: Swiss CFOs want to see increased tax competition by the cantons

Turkey: Tax exemption introduced for private vessels

US Inbound: The impact of Amazon’s win against the IRS

more across site & shared bottom lb ros

More from across our site

While pillar one is still alive, it will apply to a smaller group of companies, Brian Foley also told ITR
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
While GCCs drive efficiency for multinationals, they also present a host of TP risks that should be considered carefully
PwC Ireland has also called for simplifying Ireland’s tax code and a reduction in its capital gains tax in a pre-budget submission
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
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
Awards
The Social Impact Awards unveil new categories to reflect a changing legal and social landscape
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
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
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
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