International updates - July/August 2016

July 19 2016

The latest international updates from our correspondents around the world.

Argentina: Tax amnesty and developments sent to Congress

Brazil: Computer software included in the concept of copyrights for the purposes of the double tax convention between Brazil and Finland

Canada: Important Deadline Approaching under Canada’s “upstream loan” Rules

Chile: Entry into force regime for Chile’s General Anti-Avoidance Rule

Chile: Understanding the new employee stock option plans

Cyprus: Cyprus immovable property tax reform

Germany: Draft tax law includes BEPS measures including CbCR requirements

Greece: Treaty analysis: Greece-Cyprus DTT tax credit mechanism relating to dividend payments

India: Renegotiation of tax treaties by India

Indonesia: New tax amnesty law and real estate investment funds in Indonesia

Ireland: Guidance published on secondary reporting mechanism for CbC reporting

Italy: Advance ruling for new investments in light of the recent clarifications provided by tax authorities

Luxembourg: Crowdfunding in the EU: VAT consequences

New Zealand: Changes coming for employee share schemes

Norway: Foreign shareholders face 10-year withholding tax reassessments after Supreme Court ruling

Poland: GAAR comes into force in Poland

Russia: Companies must comply with new waste rules or face environmental tax

Serbia: Serbia clarifies registration of foreign entities for VAT purposes

South Korea: Recent ruling clarifies whether foreign limited partnership can be looked through for purposes of treaty application

Spain: Participation exemption in ‘pure holding companies’

Switzerland: Swiss parliament approves Corporate Tax Reform III

US Inbound: Medtronic wins US transfer pricing case

Topics

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Direct Tax

Paternity leave

A taxing week: Firms’ archaic paternity leave should be consigned to history

There is a shocking discrepancy between professional services firms’ parental leave packages. Those that fail to get with the times risk losing out in the war for talent

Tom Baker, January 30 2026

Direct Tax

Merger international

Partners greenlight Winston & Strawn-Taylor Wessing merger

Winston Taylor is expected to launch in May 2026 with more than 1,400 lawyers across the US, UK, Europe, Latin America and the Middle East

Noemi Distefano, January 30 2026

Direct Tax

President Trump

This week in tax: Donald Trump and sons sue IRS and US Treasury for $10bn

They are alleging that leaked tax information ‘unfairly tarnished’ their business operations; in other news, Davis Polk and Eversheds Sutherland made key tax hires

Sam Sholli, January 30 2026

Direct Tax

KPMG UK partners paid more than EY and PwC counterparts

Overall revenues for the combined UK and Swiss firm inched up 2% to £3.6 billion despite a ‘challenging market’

Sam Sholli, January 29 2026

Direct Tax

India Mauritius

Tiger Global analysis part 1: TRCs not sufficient proof of residency

In the first of a two-part series, experts from Khaitan & Co dissect a highly anticipated Indian Supreme Court ruling that marks a decisive shift in India’s international tax jurisprudence

Sanjay Sanghvi, January 29 2026

Transfer Pricing

Brazil’s updated TP profile represents full arm’s-length principle alignment: advisers

The OECD profile signals Brazil is no longer a jurisdiction where TP can be treated as a mechanical compliance exercise, one expert suggests, though another highlights 'significant concerns'

Sam Sholli, January 28 2026

Direct Tax

Stamp duty

How Libya’s stamp duty is the gatekeeper investors often miss

Libya’s often-overlooked stamp duty can halt payments and freeze contracts, making this quiet tax a decisive hurdle for foreign investors to clear, writes Salaheddin El Busefi

Salaheddin El Busefi , January 28 2026

Direct Tax

Business process management and workflow automation diagram with

Common pitfalls in tax automation: what CFOs need to know

Eugena Cerny shares hard-earned lessons from tax automation projects and explains how to navigate internal roadblocks and miscommunications

Eugena Cerny, January 27 2026

Direct Tax

Can virtual services create a service PE? Analysing Indian litigation

The Clifford Chance and Hyatt cases collectively confirm a fundamental principle of international tax law: permanent establishment is a concept based on physical and territorial presence

Sameer Sharma, January 26 2026

Direct Tax

andrew leigh.jpg

PwC scandal reminds all tax firms of their duties, says minister

Australian government minister Andrew Leigh reflects on the fallout of the scandal three years on and looks ahead to regulatory changes

Tom Ravlic, January 26 2026