International updates - October 2016

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International updates - October 2016

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The latest international updates from our correspondents around the world.

Argentina: Tax promotional regime for energy generation through renewable sources

Australia: An overview of recent tax developments in Australia

Bosnia and Herzegovina: Bosnia and Herzegovina amends rules on counteracting money laundering and terrorist financing

Brazil: Brazil releases public consultation on mutual agreement procedures

Bulgaria: Bulgaria amends VAT Law and requires liquid fuel traders to provide collateral

Canada: Canada introduces debt-parking rules to prevent avoidance of foreign exchange gains

Chile: Chilean investors should check their tax residence

Croatia: Croatia publishes new bylaw on the automatic exchange of information

Cyprus: Cyprus amends property taxes and fees

Germany: Tax neutral cross-border downstream merger

India: Recent notable advance rulings in India

Indonesia: Tax treatment for having special purpose vehicles under the tax amnesty scheme

Italy: The new Italian ‘White List’ – tax opportunities for foreign investors

Luxembourg: Luxembourg introduces new alternative investment fund vehicle

Malta: Malta and securitisation cell companies

New Zealand: New Zealand government releases discussion document on tackling hybrid mismatches

Poland: International assignments – new labour law and standpoint of tax authorities

Romania: VAT compliance and reporting trends in Romania

Russia: Russia amends tax laws to involve taxpayers in audits with higher tax authorities

Spain: New tax regime applicable to capital gains due to change of residence

Switzerland: Geneva State Council releases plan on how to implement Corporate Tax Reform III

US Outbound: EC state aid investigation into tax rulings between a US multinational and Ireland

more across site & shared bottom lb ros

More from across our site

Public country-by-country reporting is exposing multinational tax data to investors, journalists and competitors, creating fresh risks for businesses
Pillar two compliance is creating unprecedented data demands for multinational tax departments, making closer collaboration with FP&A teams essential for accurate reporting and audit readiness
Among the arrivals is Andrew Howell, who leaves scandal-hit PwC Australia after representing PepsiCo in a high-profile TP dispute
ITR's podcast examines whether the big four have overarching cultural issues and assesses the competitive threat of technology-backed transfer pricing firms
The UK advisory firm has seen its global revenues expand by £27.2m following its listing and acquisition of Baker Tilly South-East Europe
Tax-trained John Sams, previously the firm’s CFO and COO, was appointed after a rigorous process, KPMG said
From Mauritius substance rules to Kenyan SEP tax and South African anti-avoidance measures, businesses must navigate growing scrutiny of cross-border IP structures in Africa
ITR spoke to multinationals, advisers and software providers about a June 30 deadline defined by faulty portals, high compliance costs and hard lessons
After years of onerous pillar two prep, businesses will be galled in seeing tax revenues outweighed by compliance costs
Tax advisers should revisit India secondment arrangements after the EY US ruling strengthened the Centrica precedent and raised fresh withholding concerns
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