International updates - November 2017

November 05 2017

International Updates

The latest international updates from our correspondents around the world.

Australia: Stapled structures

Brazil: Changes to the oil and gas tax framework; guidance on capital gains; TIEA between Brazil and Switzerland approved

Bulgaria: Bulgaria implements CbCR

Canada: Finance Canada releases proposed investment limited partnership rules

China: Modernised industry regulation, greater oversight, and a strengthened DTA network

Croatia: Croatian local taxes: what’s new in 2017?

Cyprus: Introducing the new VAT appeal procedure

European Union: Public CbCR impasse in EU’s Council and possible impact of President Tusk’s EU reform plans

Germany: Possible tightening of RETT provisions

Greece: GAAR rising: First administrative rulings in the spotlight

India: Draft notification on CbC reporting guidance released

Indonesia: Taxation on e-commerce transactions

Ireland: Budget 2018 maps route for tax modernisation

Italy: First round of CbCR implementation takes place

Malta: Budget 2018

Mexico: The “business reason” in the Mexican tax law

Montenegro: Montenegro hikes VAT rate and amends excise duties

New Zealand: New Zealand to restate and reform trust law

Poland: Debt push down no longer tax deductible from 2018

Portugal: Portuguese budget bill for 2018 brings few tax changes

South Africa: Constitutional validity of retrospective legislation

Spain: Tax implications of ‘malus’ and ‘clawback’ clauses in variable compensation schemes

Switzerland: VAT rate reductions effective from 2018

Turkey: New taxes on the table

US Inbound: US permanent establishment issue

Topics

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Direct Tax

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International tax outlook 2026: digitalisation, AI acceleration, and ongoing fragmentation

User-friendly digital tax filing systems, transformative AI deployment, and the continued proliferation of DSTs will define 2026, writes Ascoria’s Neil Kelley

Neil Kelley, February 02 2026

Direct Tax

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HMRC engagement over R&D claims has ‘incrementally improved’: ForrestBrown advisers

Case workers are ‘still not great’ but are making fewer enquiries, making the right decision more often and are more open to calls, ITR has heard

Sam Sholli, February 02 2026

Direct Tax

Paternity leave

A taxing week: Firms’ archaic paternity leave should be consigned to history

There is a shocking discrepancy between professional services firms’ parental leave packages. Those that fail to get with the times risk losing out in the war for talent

Tom Baker, January 30 2026

Direct Tax

Merger international

Partners greenlight Winston & Strawn-Taylor Wessing merger

Winston Taylor is expected to launch in May 2026 with more than 1,400 lawyers across the US, UK, Europe, Latin America and the Middle East

Noemi Distefano, January 30 2026

Direct Tax

President Trump

This week in tax: Donald Trump and sons sue IRS and US Treasury for $10bn

They are alleging that leaked tax information ‘unfairly tarnished’ their business operations; in other news, Davis Polk and Eversheds Sutherland made key tax hires

Sam Sholli, January 30 2026

Direct Tax

KPMG UK partners paid more than EY and PwC counterparts

Overall revenues for the combined UK and Swiss firm inched up 2% to £3.6 billion despite a ‘challenging market’

Sam Sholli, January 29 2026

Direct Tax

India Mauritius

Tiger Global analysis part 1: TRCs not sufficient proof of residency

In the first of a two-part series, experts from Khaitan & Co dissect a highly anticipated Indian Supreme Court ruling that marks a decisive shift in India’s international tax jurisprudence

Sanjay Sanghvi, January 29 2026

Transfer Pricing

Brazil’s updated TP profile represents full arm’s-length principle alignment: advisers

The OECD profile signals Brazil is no longer a jurisdiction where TP can be treated as a mechanical compliance exercise, one expert suggests, though another highlights 'significant concerns'

Sam Sholli, January 28 2026

Direct Tax

Stamp duty

How Libya’s stamp duty is the gatekeeper investors often miss

Libya’s often-overlooked stamp duty can halt payments and freeze contracts, making this quiet tax a decisive hurdle for foreign investors to clear, writes Salaheddin El Busefi

Salaheddin El Busefi , January 28 2026

Direct Tax

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Common pitfalls in tax automation: what CFOs need to know

Eugena Cerny shares hard-earned lessons from tax automation projects and explains how to navigate internal roadblocks and miscommunications

Eugena Cerny, January 27 2026