International updates - February 2015

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International updates - February 2015

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The latest international updates from our correspondents around the world.

Argentina: Case law against wealth tax on branches

Australia: Recent cases, ATO rulings and the year ahead

Brazil: New regulations for Brazilian CFC rules

Bulgaria: FATCA agreement between Bulgaria and the US

Canada: CRA expresses views on 97(2) planning

Chile: New anti-avoidance rules: Substance over form?

China: New guidance on Chinese GAAR

Cyprus: Cyprus expands double tax treaty network with Lithuania agreement

EU: Financial transaction tax: Back on track (again)?

Germany: Tax amendments 2015 finalised

India: Ruling on taxing installation or commissioning activities in composite contracts

Ireland: Consultation launched on Ireland’s Knowledge Development Box

Italy: Italy is reviewing the criteria to identify tax havens

Luxembourg: Advanced Tax Clearance practice formalised

Malta: Inland Revenue department issues FATCA guidelines

Mexico: Relevant transactions should be reported to the Mexican tax authorities

New Zealand: New Zealand government releases timeline for considering initiatives to address BEPS

Portugal: Portuguese corporate tax changes for 2015

Romania: Overview of 2015 investment incentives

Serbia: An overview of transfer pricing in Serbia

South Africa: Tax law changes and tax compliance requirements

South Korea: Notable 2015 tax law amendments affecting foreign invested companies and foreign individuals

Spain: If you're an importer, your VAT financial cost could be reduced

Switzerland: Many more foreign-domiciled suppliers VAT liable from January 1 2015

US Inbound: US trade or business

US Outbound: IRS provides exception to PFIC reporting for certain marked-to-market stock

more across site & shared bottom lb ros

More from across our site

The ‘deeply flawed’ report is attempting to derail UN tax convention debates, the Tax Justice Network’s CEO said
Salim Rahim, a TP specialist, had been a partner at Baker McKenzie since 2010
While the manual should be consulted for any questions around MAPs, the OECD’s Sriram Govind also emphasised that the guidance is ‘not a political commitment’
The landmark Indian Supreme Court judgment redefines GAAR, JAAR and treaty safeguards, rejects protections for indirect transfers and tightens conditions for Mauritius‑based investors claiming DTAA relief
The expansion introduces ‘business-level digital capabilities’ for tax professionals, the US tax agency said
As tax teams face pressure from complex rules and manual processes, adopting clear ownership, clean data and adaptable technology is essential, writes Russell Gammon, chief innovation officer at Tax Systems
Partners want to join Ryan because it’s a disruptor firm, truly global and less bureaucratic, Tom Shave told ITR
If Trump continues to poke the world’s ‘middle powers’ with a stick, he shouldn’t be surprised when they retaliate
The Netherlands-based bank was described as an ‘exemplar of total transparency’; in other news, Kirkland & Ellis made a senior tax hire in Dallas
Zion Adeoye, a tax specialist, had been suspended from the African law firm since October over misconduct allegations
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