International updates - November 2015

Albania: Albania updates its double taxation agreement with Switzerland

Australia: Australia’s response to BEPS to date

Bosnia & Herzegovina: Bosnia & Herzegovina-Poland tax treaty approved

Brazil: Changes to the calculation basis and withholding tax for interest on net equity payments

Brazil: Changes concerning the capital gains tax rates for non-residents

Canada: SCC upholds tax preparer penalties, says they are not criminal in nature

Chile: Limit between a reasonable choice to organise a business and the abuse of legal forms

Cyprus: Cyprus and Georgia sign tax treaty protocol

Germany: German Federal Tax Court rules disallowance of write-down for related-party debt violates OECD model treaty

Greece: First APA concluded in Greece

India: Progress towards GST continues as dispute environment evolves

Luxembourg: Luxembourg tax changes to be introduced in 2015 and 2016

Malta: Malta Budget 2016: New and revised tax measures

New Zealand: New Zealand considers reforms to GST treatment of land-related services

Norway: Norwegian Budget 2016: Corporate tax cut and transfer pricing changes post-BEPS

Poland: Poland executes FATCA provisions

Russia: Special investment contracts as part of Russia’s industrial policy

Serbia: Serbian VAT Act amended

Spain: Retrospective application of Spanish horizontal and indirect tax consolidation? Food for thought

Switzerland: How Switzerland intends to implement BEPS

Turkey: Electronic transformation in Turkey

US Inbound: Sale of partnership interest