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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

The carbon border tax regime will come into play in 2026 but its reporting requirements are now in force.
Disputes around pillar two filings are set to be significant and longwinded, according to a tax director speaking at an ITR conference in London.
PwC publishes detailed accounts of its behaviour in the tax scandal in Australia, while another tax trial looms for pop star Shakira.
The winners of the ITR Europe, Middle East, and Africa Tax Awards 2023 have been announced!
The winners of the ITR Asia-Pacific Tax Awards 2023 have been announced!
Mauro Faggion appeared cautiously optimistic as the European Commission waits to see whether all 27 member states will accept its proposal.
The global minimum rate also won’t entirely stop a race to the bottom, according to a tax director speaking at an ITR conference in London.
The country’s tax authorities are not interested in seeing transfer pricing studies any more, it was claimed at an ITR industry conference in London.
The controversial measure is being watered down after criticism from the European Central Bank.
More than 600 such requests were made in 2022, while HMRC has also bolstered its fraud service, it has been revealed.