International updates - April 2018

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International updates - April 2018

International Updates

The latest international updates from our correspondents around the world.

Australia: CGT, tax consolidation changes and RCF IV appeal

Belarus: Belarus makes a leap forward: legalises cryptocurrency and provides incentives for related income

Bosnia and Herzegovina: Amendments to the Law on Excise Duties in Bosnia and Herzegovina

Canada: Federal Court authorises CRA to obtain taxpayer information directly from PayPal Canada

Chile: Withholding tax of 35% on outbound payments for video games

China: Tax and regulatory reforms outlined as National People's Congress meets

Cyprus: Double tax treaty between Cyprus and Jersey enters into force

Georgia: Income tax treaty between Georgia and Moldova

Greece: ECJ decision on bad debt VAT relief could serve as a guide in many Greek cases

Hong Kong: A summary of Hong Kong's budget 2018 to 2019

India: No service tax applicable on reimbursements - Rule 5 beyond statute rules Supreme Court

Indonesia: New regulation on calculation of gross turnover

Italy: Ministry of Finance launches a public consultation on transfer pricing

Malta: Tonnage tax regime receives formal approval

New Zealand: New Zealand introduces further measures affecting investment in residential property

Poland: More tax exemptions but only for innovators and good employers

Portugal: European court rules on VAT on real estate transactions in Portugal

Russia: VAT on e-services broadens to cover B2B supplies in Russia from 2019

South Africa: 2018 budget: international tax proposals

Spain: Participation exemption regime: are losses obtained on intragroup transactions deductible?

Switzerland: Financial transactions transfer pricing - latest developments

Turkey: Important changes in the Turkish VAT system

more across site & shared bottom lb ros

More from across our site

The South Africa vs SC ruling may embolden the tax authority to take a more aggressive approach to TP assessments, an adviser tells ITR
Indirect tax professionals now rate compliance as a bigger obstacle than technology and automation; in other news, Italy approved a VAT cut on art sales
AI-powered tax agents are likely to be the next big development in tax technology, says Russell Gammon of Tax Systems
FTI Consulting’s EMEA head of employment tax and reward tells ITR about celebrating diversity in the profession, his love of musicals, and what makes tax cool
Canadian Prime Minister Mark Carney and US President Donald Trump have agreed that the countries will look to conclude a deal by July 21, 2025
The firm’s lack of transparency regarding its tax leaks scandal should see the ban extended beyond June 30, senators Deborah O’Neill and Barbara Pocock tell ITR
Despite posing significant administrative hurdles, digital services taxes remain ‘the best way forward’ for emerging economies, says Neil Kelley, COO of Ascoria
A ‘joint understanding’ among G7 countries that ‘defends American interests’ is set to be announced, Scott Bessent claimed
The ‘big four’ firm’s inaugural annual report unveiled a sharp drop in profits for 2024; in other news, Baker McKenzie and Perkins Coie expanded their US tax benches
Representatives from the two countries focused on TP as they met this week to evaluate progress under a previously signed agreement – it is understood
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