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

Shiny new offices like Ryan’s in London Bridge aren’t just a cost – they signal that a firm is willing to align with its clients’ interests
Darren Graves will succeed Richard Houston, who is set to lead Deloitte EMEA; in other news, Morgan Lewis hired a three-partner tax team in New York
India also signed its first-ever bilateral APAs with France, Ireland, Indonesia and Sweden last year, the CBDT revealed
Chile’s revamped GAAR marks a shift toward structural scrutiny, pushing MNEs to strengthen tax governance, economic substance and compliance strategies
New reforms represent the most seismic shift in Canadian TP legislation since its enactment and a clear inflection point for MNEs, ITR has heard
Spain did not transpose EU VAT rules for SMEs or works of art; in other news, an increased VAT threshold came into force in South Africa
While the IBS incorporates taxable events previously covered by state and municipal taxes, its governance and operational logic represent a significant departure from the legacy model
The new office on the fourth floor of 4 More London will span 14,230 square feet, with the potential to expand to the first and second floors
MNEs now face a shift from modelling to execution as the side‑by‑side deal forces tax teams to upgrade systems, harmonise data, and prevent costly pillar two mismatches
As recent surveys suggest a disconnect between AI adoption and employee engagement, the big four risk digging themselves into a strategic hole
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