International updates - November 2014

October 31 2014

The latest international updates from our correspondents around the world.

Albania: Transfer pricing: A step forward for Albania

Bosnia and Herzegovina: Changes to Law on Cash Registers in Republic of Srpska

Bulgaria: Bulgarian VAT Law amendments

Canada: Recent treaty shopping developments

Chile: New thin capitalisation rules

China: SAT’s formal assessment on service fees and royalty payments

Cyprus: Cyprus expands its treaty network with Lithuania and Guernsey

EU: Fiscal state aid and BEPS: EU Commission launches series of in-depth investigations into specific tax rulings and regimes

Germany: Self-disclosure rule amendments bring good and bad news for corporates

Hong Kong: Hong Kong commits to the Common Reporting Standard

India: Ruling on characterisation of surplus on sale of debentures

Ireland: Ireland ready for VAT Mini-One-Stop-Shop

Italy: Positive boost for special regime applicable to certain listed real estate investment companies

Luxembourg: Luxembourg signs new protocol to treaty with France

FYR Macedonia: New Profit Tax Law to enter into force in 2015

Montenegro: Montenegro-Azerbaijan DTT analysis

Serbia: Reactions to the application of FATCA regulations in Serbia

South Africa: Interest withholding tax update

Spain: Changes to the inbound expatriates system: Beckham clause attracts talent to Spain

Switzerland: Corporate tax reform as per draft legislation would make Switzerland more attractive for multinationals

US Inbound: IRS issues portfolio interest payment clarification

US Outbound: Treasury Department releases new anti-inversion rules

Topics

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Direct Tax

A taxing week: Sparing KPMG Australia’s tax team from the sack is a business imperative

While some may argue that heads should roll following KPMG Australia’s audit leak scandal, client and revenue data emphasises that tax team stability is paramount

Tom Baker, August 28 2026

Direct Tax

What the UK Supreme Court’s BlueCrest decision means for LLPs

A landmark ruling on LLP taxation has clarified who truly holds ‘significant influence’ and which partnership structures are most likely to withstand HMRC scrutiny

Nick Fagge, August 27 2026

Direct Tax

Ex-ATO boss accused of dodging tax while at KPMG

Chris Jordan promoted tax schemes to clients and received illicit payments, it has also been alleged

Sam Sholli, August 26 2026

Direct Tax

Tax technology

Why HMRC's £1.7bn compliance push misunderstands the UK tax gap

Solving the UK's fiscal deficit requires an ‘ease of doing taxes’ framework driven by tax-as-code – not thousands of additional auditors

Nitin Agarwal, August 25 2026

Direct Tax

Kelowna,,British,Columbia,,Canada,-,August,16,,2025:,Kpmg,Sign

KPMG Australia shields tax team as nearly 400 roles axed

Despite the ongoing audit controversy, the firm’s tax and legal division saw revenue growth of 10.9%

Sam Sholli, August 24 2026

Direct Tax

UN headquarters New York

Beyond the headlines: UN tax convention on track despite OECD countries’ heel-dragging

Fresh from the UN negotiations in New York, Alex Cobham offers ITR readers a rare first-hand perspective on the future of international tax cooperation

Alex Cobham, August 24 2026

Direct Tax

KPMG Australia tax team survives job cuts amid audit scandal: report

Around 450 client-facing roles are due to be axed next week, it has been reported

Sam Sholli, August 21 2026

Direct Tax

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A taxing week: Expect no pillar two favours from a Democratic administration

The OECD may be making a mistake if a 2029 review is intended to outlast Trump in the hope of more favourable treatment from the US Democrats

Sam Sholli, August 21 2026

Transfer Pricing

India investment

Indian advisory firm Nexdigm strikes partnership with AI-enabled TP platform

Nexdigm has invested in Singapore-based infer360, a TP intelligence product designed by ex-PwC partners

Tom Baker, August 21 2026

Awards

itr americas awards 2026 col@4x.png

ITR Americas Tax Awards 2026: shortlist announced

ITR is delighted to reveal all the shortlisted nominees for the 2026 Americas Tax Awards

John Harrison, August 20 2026