International updates - June 2014

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2026

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement


International updates - June 2014

intl-updates-large.jpg

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Australia: Draft guidance on new Australian transfer pricing rules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 & shared bottom lb ros

More from across our site

Ex-EY and Hourani & Partners leader Zain Satardien is using flexible staffing and AI-enabled systems to test a leaner model for specialist legal and tax advice
The big four firm is rightfully prioritising transparency and accountability as it seeks to rebuild from its scandal, but a glaring structural issue remains
A recent hiring flurry has taken the firm’s number of partner appointments this year to 121 and put it on track to hit 160 partner target early
The move brings specialist tax and litigation capability to EY as it seeks to close the gap on Baker McKenzie and Venezuela’s leading local firms
The industry’s response to AI requires an unfamiliar ingredient as firms battle to shape their futures
The ambitious big four challenger firm has also appointed ex-RSM partner Brad Ashton to build out its customs and global trade practice
The big four firm allegedly reviewed backdated documents and signed off on accounts that removed hundreds of millions of dollars of Abramovich’s assets
New Tier 1 entrants and an expanding cohort of established players indicate that law firms are becoming increasingly credible challengers in Europe's TP market
Awards
Leading firms and individuals gathered in Dubai to celebrate standout legal, dealmaking and tax work across the region
Tax authorities want more revenue, have better tools to find it and are increasingly willing to fight for it
Gift this article