International updates - June 2018

June 19, 2018

International Updates

The latest international updates from our correspondents around the world.

Argentina: Regulations on certain tax reform aspects

Australia: Digital tax and stapled structures

Canada: Selected international tax measures from the 2018 Canadian budget

Chile: Chilean IRS interpretation of Article 12 of Chilean double tax treaties

China: New Chinese tax incentives for innovation and private pension provision

Germany: Post-BEPS challenges and transfer pricing solution requirements in central management functions

Hong Kong: Hong Kong introduces an enhanced R&D tax incentive

India: Supreme Court rules on the tax implications of loan waivers

Indonesia: New regulation issued to identify beneficial owners in support of EOI

Ireland: High Court to hear case on deductibility of foreign withholding tax

Italy: Transfer pricing framework in Italy: formal alignment to the OECD principles

Luxembourg: New opportunities for business cooperation between Luxembourg and Ukraine

Malta: Malta Budget Measures Implementation Act 2018

New Zealand: Tax credit for research and development from April 2019

Poland: New commercial property tax in Poland

Russia: Does an asset deal prevent the transfer of historical tax risks in Russia?

South Africa: The impact of the Multilateral Convention on South African investment structures involving Mauritius

Spain: Participation exemption for real estate rental entities

Switzerland: ALPS: International social security compliance in Switzerland has just gone digital

Turkey: Turkey introduces another tax amnesty

US Inbound: Sale of partnership interest

US Outbound: IRS issues APA statistics for 2017

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More from across our site

Viersen, Germany - January 9. 2022: Closeup of mobile phone with

OECD releases final technical guidance for global minimum tax

Governments now have the final OECD guidance on how to implement the 15% global minimum corporate tax rate.

Josh White, February 02, 2023

Infosys acknowledges £20m tax dispute with HMRC

The Indian company, which is contesting the bill, has a family connection to UK Prime Minister Rishi Sunak – whose government has just been hit by a tax scandal.

Josh White, February 01, 2023

Marina Bay Sands and ArtScience Museum in Singapore after sunset

This month in indirect tax: GST reform in Malaysia; VAT updates in UK, Italy, Ukraine

Developments included calls for tax reform in Malaysia and the US, concerns about the level of the VAT threshold in the UK, Ukraine’s preparations for EU accession, and more.

James Nurton, February 01, 2023

National Assembly of South Korea

Korean companies stay cautious despite pillar two push

A steady stream of countries has announced steps towards implementing pillar two, but Korea has got there first. Ralph Cunningham finds out what tax executives should do next.

Ralph Cunningham, January 30, 2023

EU - pillar two.jpg

Analysis: NGOs and businesses find common ground on BEFIT

The BEPS Monitoring Group has found a rare point of agreement with business bodies advocating an EU-wide one-stop-shop for compliance under BEFIT.

Josh White, January 27, 2023

Australia’s DPT has been dismissed by many groups as simply a threat used to ensure proper TP analysis

This week in tax: PwC partner banned in Australia over tax leaks

Former PwC partner Peter-John Collins has been banned from serving as a tax agent in Australia, while Brazil reports its best-ever year of tax collection on record.

Josh White, January 27, 2023

Taxpayers face yet more EU scrutiny

Business groups raise TP concerns over BEFIT

Industry groups are concerned about the shift away from the ALP towards formulary apportionment as part of a common consolidated corporate tax base across the EU.

Josh White, January 26, 2023

OECD appoints Fabrizia Lapecorella deputy secretary-general

The former tax official in Italy will take up her post in April.

Josh White, January 25, 2023

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Seismic shifts – ITR’s Asia Guide 2023 launched

With marked economic disruption matched by a frenetic rate of regulatory upheaval, ITR partnered with Asia’s leading legal minds to navigate the continent’s growing complexity.

Tom Baker, January 23, 2023

Closeup of the Downing Street sign in Westminster, London, UK.

Opinion: UK politicians have lost their tax ambition

Lawmakers seem more reticent than ever to make ambitious tax proposals since the disastrous ‘mini-budget’ last September, but the country needs serious change.

Josh White, January 23, 2023