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

Magnus Pantzar is set to join as managing director after spending nearly a decade as EQT’s global head of tax
The OECD’s project was up for debate as Matt Williams spoke to ITR following BDO’s tax strategist survey, which uncovered increased complexity and costs among multinationals
Sponsored by Deloitte
Sameer Nurmohamed, partner, Deloitte Legal Canada
Sponsored by Deloitte
George Ankomah, partner, Tax & Regulatory Services, Deloitte Africa (Ghana)
The recent spree of firm mergers and acquisitions proves that geographic scale is the name of the game
The big four spin-off firm becomes Taxand’s second UK member; in other news, Haynes Boone launched a UK tax practice
Sponsored by Deloitte Luxembourg
Jean-Michel Henry and Mona El-Begawi of Deloitte Luxembourg examine the complexities created by timing differences in Luxembourg, EU, and OECD tax regimes
Stephanie Pantelidaki’s economic expertise will give Norton Rose Fulbright’s other teams ‘extra firepower,’ she says
Sponsored by MFA Legal & Tech
Samuel Fernandes de Almeida of MFA Legal & Tech assesses whether Portugal’s 7.5% surcharge on non-residents aligns with the EU’s free movement of capital principle and passes the proportionality test
Sponsored by McCarthy Tétrault
Senior McCarthy Tétrault tax practitioners highlight significant updates and implications for multinationals as Canada’s transfer pricing rules become more closely aligned with OECD guidance
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