International updates - September 2015

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International updates - September 2015

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The latest international updates from our correspondents around the world.

Australia: Transparency still tops Australian Government’s agenda

Bosnia and Herzegovina: New threshold for large VAT taxpayers

Brazil: New Provisional Measure requires disclosure of certain transactions

Bulgaria: Double tax treaty between Bulgaria and Norway

Canada: Canadian authorities may access taxpayer self-assessments for uncertain tax positions

China: Standardisation of the administration on cost sharing agreements

Cyprus: Cyprus improves tax benefits for investors

Egypt: ‘Free zones’ system in Egypt

EU: June ECOFIN Council debates mandatory AEoI, tax rulings and Interest & Royalties Directive

Germany: Discussion draft issued on reform of investment taxation

Greece: Bridging the VAT gap: The case for Greek VAT reform

India: India-Mauritius treaty renegotiations continue

Ireland: Recent developments in Ireland’s R&D tax credit regime

Italy: Italian Cabinet approves the Internationalisation Decree’s tax package: Simplification for CFC and black-list cost rules

FYR Macedonia: FYR Macedonian government approves Saudi Arabia double tax treaty

Malta: United Nations Pensions Programme rules

Middle East: Oil prices push the GCC VAT debate into the spotlight again

Montenegro: Montenegro - Austria tax treaty

New Zealand: NZ Government allocates additional funding for audit and enforcement activities

Poland: In case of legal doubts, rule in favour of the taxpayer

Russia: Introducing the beneficial owner concept as part of Russia’s de-offshorisation initiatives

Serbia: VAT refund in Serbia

South Africa: New tax legislation and exchange control case

Spain: New taxation of capital gains obtained by non-residents

Switzerland: What does ‘arm’s-length’ mean?

Turkey: Draft guidelines on advance pricing agreements

US Inbound: Tax Court decision raises attorney-client privilege questions

more across site & shared bottom lb ros

More from across our site

Geopolitical rivalry is reshaping global tax cooperation, as the OECD’s minimum tax framework fragments and the EU grapples with the ensuing legal fallout
LED Taxand’s partner tells ITR about entrepreneurial inspirations, the importance of people skills, and what makes tax cool
Shiny new offices like Ryan’s in London Bridge aren’t just a cost – they signal that a firm is willing to align with its clients’ interests
Darren Graves will succeed Richard Houston, who is set to lead Deloitte EMEA; in other news, Morgan Lewis hired a three-partner tax team in New York
India also signed its first-ever bilateral APAs with France, Ireland, Indonesia and Sweden last year, the CBDT revealed
Chile’s revamped GAAR marks a shift toward structural scrutiny, pushing MNEs to strengthen tax governance, economic substance and compliance strategies
New reforms represent the most seismic shift in Canadian TP legislation since its enactment and a clear inflection point for MNEs, ITR has heard
Spain did not transpose EU VAT rules for SMEs or works of art; in other news, an increased VAT threshold came into force in South Africa
While the IBS incorporates taxable events previously covered by state and municipal taxes, its governance and operational logic represent a significant departure from the legacy model
The new office on the fourth floor of 4 More London will span 14,230 square feet, with the potential to expand to the first and second floors
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