International updates - July/August 2017

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International updates - July/August 2017

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The latest international updates from our correspondents around the world.

Argentina: Argentine Tax Authorities accepts Supreme Court jurisprudence against Minimum Notional Income Tax constitutionality

Australia: ATO wins appeal on landmark Chevron transfer pricing decision

Bosnia and Herzegovina: Law on financial operations

China: Account due diligence measures to support automatic exchange of tax information

Brazil: Senate ratifies DTA with Russia and Protocol to India DTA; Official request to join the OECD; New federal tax debt settlement programme

Canada: Guidance relating to Canadian tax treaties and foreign limited partners

Chile: Commission services as exports

Chile: Chile’s new DTAs in force: Argentina again

China: Multilateral Instrument signed to update tax treaty network for BEPS

Cyprus: Permanent residency and citizenship rules boost investment

European Union: Update on public CbCR

Germany: Federal Constitutional Court finds change-in-ownership rules partially unconstitutional

Hong Kong: Aircraft leasing tax regime adjusted to comply with BEPS

India: MLI provisional list of reservations and notifications released

Indonesia: Update on tax audit regulations

Ireland: MLI signed

Italy: Enhanced relationships with the tax authorities

Luxembourg: Implementation of IGP exemption in VAT Directive too broad

Macedonia: Germany ratifies protocol amending Macedonia-Germany DTA

Malta: CRS developments

Netherlands: Implementation of master and local filing

New Zealand: High Court considers DTA tax sparing provisions

Norway: Alterations of the Norwegian tonnage tax regime

Poland: Fundamental change to Polish VAT due January 1 2018

Romania: Tax inspections and justifying documentation for service expenses

Russia: Russia signs up to MLI: key changes adopted

South Africa: Non-resident non-executive directors: VAT registration ruling

Spain: Potential recovery of Spanish energy taxes

Switzerland: Swiss Tax Reform Proposal 17 on track as first round of hearings are completed

Turkey: Introducing OECD’s common reporting standard

US Inbound: Partnership audit regime raises complexities

US Outbound: IRS Issues APA Statistics for 2016

more across site & shared bottom lb ros

More from across our site

Canadian Prime Minister Mark Carney and US President Donald Trump have agreed that the countries will look to conclude a deal by July 21, 2025
The firm’s lack of transparency regarding its tax leaks scandal should see the ban extended beyond June 30, senators Deborah O’Neill and Barbara Pocock tell ITR
Despite posing significant administrative hurdles, digital services taxes remain ‘the best way forward’ for emerging economies, says Neil Kelley, COO of Ascoria
A ‘joint understanding’ among G7 countries that ‘defends American interests’ is set to be announced, Scott Bessent claimed
The ‘big four’ firm’s inaugural annual report unveiled a sharp drop in profits for 2024; in other news, Baker McKenzie and Perkins Coie expanded their US tax benches
Representatives from the two countries focused on TP as they met this week to evaluate progress under a previously signed agreement – it is understood
The UK accountancy firm’s transfer pricing lead tells ITR about his expat lifestyle, taking risks, and what makes tax cool
Dolphin Drilling intends to discuss the final liability amount and manner of settlement with HM Revenue and Customs
Winning the case against the 20% VAT imposition was always going to be an uphill challenge for the claimants, UK tax advisers argue
A ‘paradigm shift’ in Chile’s tax enforcement requires compliance architecture built on proactive governance, strategic documentation and active monitoring of judicial developments
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