International updates - November 2016

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International updates - November 2016

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The latest international updates from our correspondents around the world.

Albania: Albanian transfer pricing regulations

Australia: Australia increases focus on MNE tax avoidance and BEPS initiatives

Brazil: Brazil updates tax haven and privileged tax regime lists

Bulgaria: Bulgarian transfer pricing regulations

Canada: Canada introduces draft legislation to broaden back-to-back rules to character substitution transactions

Chile: Tax treatment for cloud computing services provided without a license

China: China’s recent measures to comply with BEPS, CRS and the New Silk Road

Croatia: Croatian transfer pricing regulations

Curaçao: Tax rules for businesses to change as budget law is approved by parliament

Cyprus: Cyprus and Latvia sign DTA

Germany: CJEU asked to rule on German anti-treaty shopping rule

Greece: Uncertain application of Greece’s network of double tax treaties

Hong Kong: New guidance for corporate treasury centres in Hong Kong

India: Tax amortisation of goodwill

Indonesia: Google in Indonesia

Ireland: Ireland updates its international tax strategy

Luxembourg: Real estate funds: VAT exemption for fund management services

Malta: Release of the 2017 budget

Mexico: Mexican Supreme Court of Justice rules against taxpayers on deduction limits and electronic accounting

New Zealand: New Zealand Inland Revenue expands monitoring of large taxpayers

Norway: Corporate tax cut and new financial activities tax announced in Norway’s 2017 state budget

Poland planning significant VAT changes in 2017

Romania: Romanian individual tax residency position

Serbia: Kazakhstan Senate approves DTA with Serbia

South Korea: Another taxpayer win at the Supreme Court on a beneficial ownership case

Spain: Potential recovery of Spanish energy taxes

Switzerland: UK’s hybrid mismatch rules to impact Swiss entities

US Inbound: US Treasury issues final regulations on tax treatment of corporate debt

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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