International updates - March 2017

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International updates - March 2017

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The latest international updates from our correspondents around the world.

Australia: Australian government submits DPT Bill to parliament

Brazil: Brazil releases guidance on applying withholding tax on payments for software licences

Canada: Canadian committee report recommends tighter Canadian voluntary disclosure programme

Chile: First consultation on the applicability of the Chilean GAAR

China: Tax implications of China’s regulatory rules on cross-border leverage

Cyprus: Circular in Cyprus sheds light on transfer pricing adjustments

Egypt: Egypt to issue Executive Regulations on VAT Law

EU: EU public country-by-country reporting

Georgia: Georgia and Liechtenstein DTA enters into force

Germany: Germany proposed limitations on tax deductibility of royalty payments

Greece: When is it the right time for fiscal stimulus?

Hong Kong: Hong Kong plans new tax regime for aircraft leasing

India: India budget’s key tax proposals

Indonesia: New policy to allow tax authorities to access banks’ taxpayer data

Ireland: Moscovici in Ireland to discuss CCCTB

Italy: VAT group regime in Italy

Luxembourg: Views on the Luxembourg tax reform

Mexico: Decree on capital repatriation

Montenegro: Tax debt payment plan introduced in Montenegro

Netherlands: Revised Netherlands innovation box applied to software companies

New Zealand: New Zealand releases discussion document on modernising tax administration

Norway: Breach of EEA law rejected and plans to change interest cap rules announced

Poland: Poland overhauls structure of fiscal administration

Russia: Russian MAP Profiles: A step forward in resolving treaty-related disputes

Serbia: Serbia adopts amendments to VAT Law

South Africa: The spectre of withholding tax on service fees finally laid to rest

Spain: New transfer pricing documentation requirements become applicable to MNEs

Switzerland: Swiss voters reject Corporate Tax Reform III in its proposed form

Turkey: Turkey introduces a new scheme to boost investment in underdeveloped areas

US Inbound: Executive Order could displace recent tax regulations

more across site & shared bottom lb ros

More from across our site

Corporate counsel should combine deep technical knowledge with strategic dynamism, says Agarwal, winner of ITR’s EMEA In-house Indirect Tax Leader of the Year award
Luxembourg’s reform agenda continues at pace in 2025, with targeted measures for start-ups and alternative investment funds
Veteran Elizabeth Arrendale will lead the new advisory practice, which will support clients with M&A tax structuring, post-deal integration, and more
MAP cases keep increasing, and cases closed aren’t keeping pace with the number started, the OECD’s Sriram Govind also told an ITR summit
Nobody likes paperwork or paying money, but the assertion that legal accreditation doesn’t offer value to firms and clients alike is false
Ryan hopes the buyout will help it expand into Asia and the Middle East; in other news, three German finance ministers have called for a suspension of pillar two
SKAT, which was represented by Pinsent Masons, had accused Sanjay Shah and other defendants of fraudulent dividend tax refund claims
TP managers must be able to explain technical issues in simple terms, ITR’s European Transfer Pricing Forum heard
Prudential had challenged HMRC over VAT group relief; in other news, Donald Trump unveiled timber and wood tariffs, and the European Commission published a ViDA implementation strategy
Australia’s CbCR rules have ‘widespread support’ and do not put American companies at a competitive disadvantage, the FACT Coalition said
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