International updates - July/August 2015

July 14 2015

The latest international updates from our correspondents around the world.

Argentina: New Argentina-Chile tax treaty creates fresh structuring opportunities

Australia: Australian Budget measures receive royal assent

Bulgaria: The alternative choice for tax planning

Canada: CRA GAAR committee documents compelled – Superior Plus Corp v the Queen

Chile: Transitory regime for goods and income located or perceived abroad

Chile: New instructions regarding provisional withholding on capital gains

China: Implementation guidance issued for Announcement 7 indirect transfers

EU: ‘Tax Transparency Package 2.0’: New EU action plan for fundamental reforms of business taxation in the EU

Germany: Federal Tax Court rules CFC income is not subject to trade tax

Hong Kong: Hong Kong moves towards a favourable Treasury regime

Luxembourg: Luxembourg starts ratification process of four new tax treaties and six amending protocols

Malta: Aviation transactions benefit from Malta tax regime

Middle East: The impact of FATCA on financial institutions in the GCC

Montenegro: New incentive related to cinematography law in Montenegro

New Zealand: Government announces measures for taxing gains from sales of residential property

New Zealand: New director requirements and disclosure obligations for New Zealand companies

Poland: Changes to the Polish VAT law

Russia: New Russian transfer pricing rules for corresponding adjustments

Spain: Spain set to introduce modifications to transfer pricing reporting requirements

Switzerland: Revised draft legislation on Corporate Tax Reform III introduced into parliament

US Outbound: Final anti-inversion regulations retain bright-line substantial business activities test

Topics

Feature Special Focus Sponsored

more across site & shared bottom lb ros

More from across our site

Direct Tax

Can virtual services create a service PE? Analysing Indian litigation

The Clifford Chance and Hyatt cases collectively confirm a fundamental principle of international tax law: permanent establishment is a concept based on physical and territorial presence

Sameer Sharma, January 26 2026

Direct Tax

andrew leigh.jpg

PwC scandal reminds all tax firms of their duties, says minister

Australian government minister Andrew Leigh reflects on the fallout of the scandal three years on and looks ahead to regulatory changes

Tom Ravlic, January 26 2026

Indirect Tax

President Trump

A taxing week: Trump’s Greenland threats reiterate potency of tariffs

The US president’s threats expose how one superpower can subjugate other countries using tariffs as an economic weapon

Sam Sholli, January 23 2026

Direct Tax

Trump

This week in tax: Donald Trump walks back tariff threat following Greenland turbulence

The US president has softened his stance on tariffs over Greenland; in other news, a partner from Osborne Clarke has won a High Court appeal against the Solicitors Regulation Authority

Sam Sholli, January 23 2026

Direct Tax

Emmanuel Manda.jpg

Musa Dudhia & Co partner on boxing his way to success

Emmanuel Manda tells ITR about early morning boxing, working on Zambia’s only refinery, and what makes tax cool

January 22 2026

Direct Tax

AI tech

AI in GCC tax administration: from digital compliance to intelligent governance

Hany Elnaggar examines how AI is reshaping tax administration across the Gulf Cooperation Council, transforming the taxpayer experience from periodic reporting to continuous compliance

Hany Elnaggar, January 22 2026

Transfer Pricing

‘Confidence builder’: LG deal with Indian tax body strikes positive tone

The APA resolution signals opportunities for multinationals and will pacify investor concerns, local experts told ITR

Sam Sholli, January 21 2026

Direct Tax

r and d - acronym from wooden blocks with letters. background hands on a laptop with blur. business concept.

Navigating the R&D landscape in 2026: implications for tax professionals

Businesses that adopt a proactive strategy and work closely with their advisers will be in the greatest position to transform HMRC’s relief scheme into real support for growth

Robert Whiteside, CEO of EmpowerRD , January 20 2026

Direct Tax

Australian Company Tax Return concept

Australian taxpayers blocked from leaving country over unpaid debts

The ATO and other authorities have been clamping down on companies that have failed to pay their tax

Tom Ravlic, January 20 2026

Direct Tax

Washington DC Capitol view on cloudy sky background

A big, beautiful analysis of the One Big Beautiful Bill

The flagship 2025 tax legislation has sprawling implications for multinationals, including changes to GILTI and foreign-derived intangible income. Barry Herzog of HSF Kramer assesses the impact

Barry Herzog, January 16 2026