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

CSR initiatives can sometimes venture into virtue signalling, but Ryan’s tax literacy event for schoolchildren was a genuine and necessary endeavour
Grant Thornton advanced plans to integrate its Australian firm into its US arm, as tax developments spanned law firm hires, aviation levies and digital services taxes
A new focus on early intervention and increased AI use is transforming how tax authorities are approaching TP audits, though capacity-constrained jurisdictions risk falling behind
The French administration has used AI to detect undeclared swimming pools and verandas but always includes a human in the loop, the AI in Tax Forum heard
The UK tax authority’s deputy director of large business also reassured taxpayers that HMRC will not ‘nitpick’ returns
Sucafina’s tax chief was speaking at the ITR Pillar 2 Forum in London alongside experts from HMRC and other organisations
India’s Supreme Court rattled cross‑border structuring with its Tiger Global ruling. Subsequent rule changes narrowed the impact, but significant risks around GAAR, substance and treaty access persist
The UK-based big four spin-off firm has hired Marc Lien, who declared that most AI in professional services today is ‘cosmetic’
Projected revenue losses and exemption requests are harming the project’s capability and viability
HMRC secured lengthy prison sentences in a major payroll VAT fraud case, while law firms announced tax promotions and hires
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