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International updates - June 2014


The latest international updates from our correspondents around the world.

Albania: Changes to tax legislation impacting hydrocarbon operations

Australia: Draft guidance on new Australian transfer pricing rules

Bosnia and Herzegovina: Bosnia and Herzegovina ratifies double tax treaty with Macedonia

Bulgaria: New appendix to the corporate annual tax return

Canada: Canadian treaty shopping proposals compared to OECD recommendations

China: VAT reform of telecommunications sector

Cyprus: Cyprus to sign FATCA agreement with US Treasury

EU: Update on PPLs/hybrid loans in the European Union

Germany: ECJ on exit taxation – Roma locuta, causa finita?

Hong Kong: No refund of tax paid due to fraudulent conduct of directors

India: Ruling on Service PE trigger on deputation and income effectively connected to PE

Italy: Parliament sets forth guidelines for broad tax reform

Luxembourg: Luxembourg signs FATCA agreement with the US

FYR Macedonia: FYR Macedonia introduces reverse charge mechanism for select categories of services

Malta: Double tax treaty developments

Mexico: Rules to identify when tax paid abroad qualifies for foreign tax credit

Montenegro: Tax treatment of severance payments and vouchers

New Zealand: Tax Bill reported back

Norway: Ministry of Finance issues exceptions to interest deduction limitation rules

Romania: Granting default interest to taxpayers for delayed refund of the excess input VAT

Serbia: Interest on loans between related parties

South Africa: Pay now, argue later

South Korea: Supreme Court of Korea rules on country-of-origin determination issue under domestic law

Spain: A holding company’s paradise: New corporate income tax legislation in the Basque Country

Switzerland: Swiss cantons announce lower headline tax rates in anticipation of Swiss Corporate Tax Reform III

US Outbound: President Obama releases FY2015 Budget

more across site & bottom lb ros

More from across our site

The German government unveils plans to implement pillar two, while EY is reportedly still divided over ‘Project Everest’.
With the M&A market booming, ITR has partnered with correspondents from firms around the globe to provide a guide to the deal structures being employed and tax authorities' responses.
Xing Hu, partner at Hui Ye Law Firm in Shanghai, looks at the implications of the US Uyghur Forced Labor Protection Act for TP comparability analysis of China.
Karl Berlin talks to Josh White about meeting the Fair Tax standard, the changing burden of country-by-country reporting, and how windfall taxes may hit renewable energy.
Sandy Markwick, head of the Tax Director Network (TDN) at Winmark, looks at the challenges of global mobility for tax management.
Taxpayers should look beyond the headline criteria of the simplification regime to ensure that their arrangements meet the arm’s-length standard, say Alejandro Ces and Mark Seddon of the EY New Zealand transfer pricing team.
In a recent webinar hosted by law firms Greenberg Traurig and Clayton Utz, officials at the IRS and ATO outlined their visions for 2023.
The Asia-Pacific awards research cycle has now begun – don’t miss on this opportunity be recognised in 2023
An intense period of lobbying and persuasion is under way as the UN secretary-general’s report on the future of international tax cooperation begins to take shape. Ralph Cunningham reports.
Fresh details of the European Commission’s state aid case against Amazon emerge, while a pension fund is suing Amgen over its tax dispute with the Internal Revenue Service.