International updates - February 2015

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

International updates - February 2015

intl-updates-large.jpg

The latest international updates from our correspondents around the world.

Argentina: Case law against wealth tax on branches

Australia: Recent cases, ATO rulings and the year ahead

Brazil: New regulations for Brazilian CFC rules

Bulgaria: FATCA agreement between Bulgaria and the US

Canada: CRA expresses views on 97(2) planning

Chile: New anti-avoidance rules: Substance over form?

China: New guidance on Chinese GAAR

Cyprus: Cyprus expands double tax treaty network with Lithuania agreement

EU: Financial transaction tax: Back on track (again)?

Germany: Tax amendments 2015 finalised

India: Ruling on taxing installation or commissioning activities in composite contracts

Ireland: Consultation launched on Ireland’s Knowledge Development Box

Italy: Italy is reviewing the criteria to identify tax havens

Luxembourg: Advanced Tax Clearance practice formalised

Malta: Inland Revenue department issues FATCA guidelines

Mexico: Relevant transactions should be reported to the Mexican tax authorities

New Zealand: New Zealand government releases timeline for considering initiatives to address BEPS

Portugal: Portuguese corporate tax changes for 2015

Romania: Overview of 2015 investment incentives

Serbia: An overview of transfer pricing in Serbia

South Africa: Tax law changes and tax compliance requirements

South Korea: Notable 2015 tax law amendments affecting foreign invested companies and foreign individuals

Spain: If you're an importer, your VAT financial cost could be reduced

Switzerland: Many more foreign-domiciled suppliers VAT liable from January 1 2015

US Inbound: US trade or business

US Outbound: IRS provides exception to PFIC reporting for certain marked-to-market stock

more across site & shared bottom lb ros

More from across our site

AI will mean fewer entry-level roles in tax but also the emergence of new jobs, according to tax expert Isabella Barreto
As World Tax unveils its much-anticipated rankings for 2026, we focus on standout performances by PwC, KPMG and Deloitte across the Asia-Pacific region
The partnership model was looking antiquated even before the UK chancellor’s expected tax raid on LLPs was revealed. An additional tax burden may finally kill it off
The US’s GILTI regime will not be forced upon American multinationals in foreign jurisdictions, Bloomberg has reported; in other news, Ropes & Gray hired two tax partners from Linklaters
APAs should provide a pragmatic means to agree to an arm's-length outcome for an Australian entity and for the ATO, the tax authority said
Overall revenues and average profit per partner also increased in the UK, the ‘big four’ firm revealed
Increasingly complex reporting requirements contributed towards the firm’s growth in tax, it said
Sector-specific business taxes, private equity tax treatment reform and changes to the taxation of non-residents are all on the cards for the UK, authors from Herbert Smith Freehills Kramer predict
The UK’s Labour government has an unpopular prime minister, an unpopular chancellor and not a lot of good options as it prepares to deliver its autumn Budget
Awards
The firms picked up five major awards between them at a gala ceremony held at New York’s prestigious Metropolitan Club
Gift this article