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: Politicians shouldn’t own shares in companies they can tax

An OECD report has uncovered a lack of public trust in politicians as a source for tax information. Banning them from owning shares in companies could boost confidence

Sam Sholli, December 05 2025

Direct Tax

Estonia EU

This week in tax: Estonia urges EU pillar two repeal, cites US unfairness

‘We did not expect to carve out big economies from the minimum tax system’, Estonia’s finance minister said; in other news, Blick Rothenberg has acquired The Vat Consultancy

Sam Sholli, December 05 2025

Transfer Pricing

Budapest city skyline at Hungalian Parliament and Danube River,

Hungary seeks feedback on revised TP documentation requirements

The proposal seeks to regulate compulsory TP documentation in line with the OECD Transfer Pricing Guidelines and simplify filing requirements

Sam Sholli, December 04 2025

Direct Tax

BDO

BDO UK partner profits slide

Despite the decline in profitability, the firm’s tax advisory business delivered a 3.4% revenue growth

Sam Sholli, December 02 2025

Indirect Tax

Washington DC Capitol view on cloudy sky background

Higher tariff rates ‘yet to be fully felt’ in US: OECD

Firms are making use of inventories and ample profit margins to avoid or absorb the initial impact of higher tariffs, an OECD report said

Sam Sholli, December 02 2025

Direct Tax

futuristic airport

The UN Tax Convention’s Article 8: myths and misconceptions

While UN proposals to shift airline taxation from a residence-based system to a source-state one are not set in stone, ex-British Airways CEO Willie Walsh warns they would increase costs and complexity

Willie Walsh, December 02 2025

Direct Tax

Alejandro Torres resized.jpg

Mastering dispute resolution mechanisms with Alejandro Torres

Von Wobeser y Sierra’s head of tax shares best practices for resolving tax controversy and touts his firm’s founding partner as an exemplar of legal practice

December 01 2025

Rankings analysis

Copy of ITR World Tax 2026 website - 1200x627 (3).png

World Tax Rankings 2026: Deloitte and DLA Piper are top of the world

ITR concludes its analysis of World Tax’s rankings for 2026 by highlighting the firms that stood out most on a global scale

Tom Baker, December 01 2025

Direct Tax

justice-tp-disputes-600x375

A taxing week: global tax disputes predictions for 2026

Experts from law firm Kennedys outline the key tax disputes trends set to define 2026, ranging from increased enforcement to continued tariff drama and AI usage

Andy Brown, November 28 2025

Direct Tax

G20 South Africa

This week in tax: G20 leaders commit to addressing pillar two concerns

They also warned against an ‘unnecessary duplication of efforts’ in UN tax convention negotiations; in other news, White & Case has hired Freshfields’ former French tax head

Sam Sholli, November 28 2025