International updates - July/August 2017

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International updates - July/August 2017

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The latest international updates from our correspondents around the world.

Argentina: Argentine Tax Authorities accepts Supreme Court jurisprudence against Minimum Notional Income Tax constitutionality

Australia: ATO wins appeal on landmark Chevron transfer pricing decision

Bosnia and Herzegovina: Law on financial operations

China: Account due diligence measures to support automatic exchange of tax information

Brazil: Senate ratifies DTA with Russia and Protocol to India DTA; Official request to join the OECD; New federal tax debt settlement programme

Canada: Guidance relating to Canadian tax treaties and foreign limited partners

Chile: Commission services as exports

Chile: Chile’s new DTAs in force: Argentina again

China: Multilateral Instrument signed to update tax treaty network for BEPS

Cyprus: Permanent residency and citizenship rules boost investment

European Union: Update on public CbCR

Germany: Federal Constitutional Court finds change-in-ownership rules partially unconstitutional

Hong Kong: Aircraft leasing tax regime adjusted to comply with BEPS

India: MLI provisional list of reservations and notifications released

Indonesia: Update on tax audit regulations

Ireland: MLI signed

Italy: Enhanced relationships with the tax authorities

Luxembourg: Implementation of IGP exemption in VAT Directive too broad

Macedonia: Germany ratifies protocol amending Macedonia-Germany DTA

Malta: CRS developments

Netherlands: Implementation of master and local filing

New Zealand: High Court considers DTA tax sparing provisions

Norway: Alterations of the Norwegian tonnage tax regime

Poland: Fundamental change to Polish VAT due January 1 2018

Romania: Tax inspections and justifying documentation for service expenses

Russia: Russia signs up to MLI: key changes adopted

South Africa: Non-resident non-executive directors: VAT registration ruling

Spain: Potential recovery of Spanish energy taxes

Switzerland: Swiss Tax Reform Proposal 17 on track as first round of hearings are completed

Turkey: Introducing OECD’s common reporting standard

US Inbound: Partnership audit regime raises complexities

US Outbound: IRS Issues APA Statistics for 2016

more across site & shared bottom lb ros

More from across our site

ITR understands that UK Chancellor Rachel Reeves will announce a consultation on the proposed financial reward scheme, which had left advisers fretting
The long-running dispute centres on Medtronic’s use of the comparable uncontrolled transaction TP method; in other news, Paul Hastings and FTI Consulting both made double tax hires
The boutique Australian firm’s TP award recognition proves that world-class advisory services aren’t limited to the ‘big four’, the firm’s founder tells ITR
Canadian and Indian dual VAT models have been a source of inspiration for the Brazilian model, but the latter has unique and innovative features, the OECD paper claimed
More sophisticated use of technology, heightened TP scrutiny and stricter filing requirements are making South African Revenue Service audits a formidable challenge
The hire of Doug Wick expands Baker McKenzie’s state and local tax practice and adds to the firm’s growing ex-IRS expertise
One year after Nuwaru joined the WTS network, leaders James Jobson and Matthew Missaghi reflect on the firm’s mission to offer mid-tier pricing but deliver top-tier results
Join ITR's Head of Research, John Harrison, for an overview of key dates, new developments, best practices, and more for next year’s research cycle
The president’s tariff regime has already caused misery for taxpayers. Losing at the Supreme Court would mean it was all for nothing
The US itself was the biggest loser of tax revenue to American multinationals’ profit shifting, the Tax Justice Network reported; in other news, firms made key tax hires
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