International updates - October 2015

October 07 2015

The latest international updates from our correspondents around the world.

Albania: New tax incentives for operating in free zones in Albania

Australia: Multinational entity (MNE) anti-avoidance Bill introduced

Bosnia and Herzegovina: Bosnia and Herzegovina’s Corporate Income Tax Bill under review

Brazil: Provisional Measure 685/2015 extended for another 60-day period

Canada: Filing deadline approaching for Canadian foreign affiliate dumping rules

Chile: Withholding tax, treaties and provision of PE certificates

Cyprus: Ship management companies in Cyprus: An option worth considering

Germany: Retroactive changes to RETT rules to apply from 2009

India: Applicability of MAT to foreign investors

Ireland: Irish Revenue Commissioners issue guidance on the VAT treatment of portfolio management services in wake of Deutsche Bank

Luxembourg: Luxembourg amends participation exemption regime

FYR Macedonia: FYR Macedonia extends application of preferential VAT rate to first sale of residential buildings

Malta: Amendment to the highly qualified persons rules

Middle East: PE formation in KSA: Operating across borders

New Zealand: New Zealand proposes new GST rules for supplies of cross-border services

Poland: Amendments made to Polish property tax regime

Serbia: Amendments to the Serbian Excise Duties Act

South Korea: Proposed tax law amendments in 2015

Spain: Spain takes the lead as tax changes reflect economic upturn

Switzerland: Spontaneous exchange of tax rulings

Turkey: Transfer pricing of intra-group services with a special focus on recharacterisation as know-how

US Inbound: IRS international practice units

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The profession is fundamentally restructuring itself around what tax and accounting work should be, a Thomson Reuters leader told ITR

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Deloitte unveils €20bn EMEA combination

The big four firm is consolidating 16 entities across the region to create a single 6,000-partner behemoth

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The IBS and why it changes everything in Brazil’s consumption tax system

Brazil’s tax reform unifies consumption taxes to simplify rules, centralise administration and reduce legal uncertainty

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A&M Tax launches dedicated pillar two, TP team in Saudi Arabia

The ever-expansive firm has once again attracted a former ‘big four’ talent to lead the new offering

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France India

India and France sign updated tax treaty in ‘significant development’

The amended double taxation avoidance agreement removes France’s most favoured nation status for tax treaty benefits

Sam Sholli, February 23 2026

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US tariffs

‘Refunds likely to be a mess’: US Supreme Court strikes down Trump’s tariffs

The levies extended beyond the president’s ‘legitimate reach’, the Supreme Court ruled

Sam Sholli, February 20 2026

Direct Tax

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A taxing week: Despite major tax reform, Brazil’s hiring slowdown should come as no surprise

While Brazil’s consumption tax overhaul led to a short-term spike in tax advisory demand, we are now in a period of ‘normalisation’ marked by decreased recruitment

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Direct Tax

BDO

This week in tax: BDO UK and BDO Ireland rubber-stamp $1.5bn merger

The expanded firm will comprise roughly 8,500 employees, including 550 partners; in other news, Paul Hastings and Macfarlanes made senior tax hires

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