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International updates - December 2016 / January 2017


The latest international updates from our correspondents around the world.

Australia: Australia proposes several legislative changes

Brazil: Withholding tax obligation on the substitution of shares; New rules on documentation for Brazilian non-resident capital gains taxation

Bulgaria: Bulgaria introduces VAT rules on food donations

Canada: Revised draft legislation introduces arm's length exception to back-to-back rents and royalties rules

Chile: Taxpayers able to obtain credit on income from non-treaty countries

Chile: Chile adopting the Common Reporting Standard

China: Preferential tax treatments for equity incentives

Cyprus: The amended Cyprus IP box regime

EU: European Commission's public CBCR proposal moves beyond challenges

Hong Kong: BEPS gains momentum in Hong Kong

India: Demonetisation of high currency notes in India

Indonesia: New income tax for REIT schemes enacted

Iran: US Treasury relaxes dollar transaction rules for Iran

Luxembourg: Luxembourg's transition from the EU Savings Directive to CRS

Macedonia: Macedonia introduces preferential VAT rate to pellet products

Malta: Malta concludes tax treaty with Vietnam

Montenegro: Electronic submission of tax returns becomes mandatory in Montenegro

New Zealand: New Zealand Inland Revenue releases MNE compliance focus document

Poland: Time to prepare for new TP obligations in Poland

Romania: Romania to introduce EU Anti-Tax Avoidance Directive two years early

Serbia: Serbia introduces widely-disputed VAT rulebook

Spain: Court ruling could facilitate recovery of Spanish municipal capital gains tax payments

Switzerland: Swiss Parliament ends Swiss Supreme Court practice on intra-group dividend distributions by adopting taxpayer friendly legislation

Turkey: A new period for tax audits

more across site & bottom lb ros

More from across our site

In a recent webinar hosted by law firms Greenberg Traurig and Clayton Utz, officials at the IRS and ATO outlined their visions for 2023.
The Asia-Pacific awards research cycle has now begun – don’t miss on this opportunity be recognised in 2023
An intense period of lobbying and persuasion is under way as the UN secretary-general’s report on the future of international tax cooperation begins to take shape. Ralph Cunningham reports.
Fresh details of the European Commission’s state aid case against Amazon emerge, while a pension fund is suing Amgen over its tax dispute with the Internal Revenue Service.
The OECD’s rules may be impossible for businesses to manage, according to tax experts from companies including Shell.
The UK government is now committed to replacing the ‘super-deduction’ with a 100% capital allowances regime to offset the impact of the corporate tax rise to 25%.
Corporate tax is set to rise in the UK for the first time in decades, but the headline rate remains historically low despite what many observers think.
President Joe Biden’s nominee is set to be confirmed as IRS commissioner for a five-year term.
British companies are waiting to hear the details of what will replace the 130% ‘super-deduction’ next week, while Spain considers stopping a major infrastructure company moving to the Netherlands.
President Joe Biden wants to raise corporate tax and impose a higher stock buyback tax on US businesses, but his budget proposal faces insurmountable obstacles in Congress, writes Ralph Cunningham.