International updates - March 2017

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International updates - March 2017

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The latest international updates from our correspondents around the world.

Australia: Australian government submits DPT Bill to parliament

Brazil: Brazil releases guidance on applying withholding tax on payments for software licences

Canada: Canadian committee report recommends tighter Canadian voluntary disclosure programme

Chile: First consultation on the applicability of the Chilean GAAR

China: Tax implications of China’s regulatory rules on cross-border leverage

Cyprus: Circular in Cyprus sheds light on transfer pricing adjustments

Egypt: Egypt to issue Executive Regulations on VAT Law

EU: EU public country-by-country reporting

Georgia: Georgia and Liechtenstein DTA enters into force

Germany: Germany proposed limitations on tax deductibility of royalty payments

Greece: When is it the right time for fiscal stimulus?

Hong Kong: Hong Kong plans new tax regime for aircraft leasing

India: India budget’s key tax proposals

Indonesia: New policy to allow tax authorities to access banks’ taxpayer data

Ireland: Moscovici in Ireland to discuss CCCTB

Italy: VAT group regime in Italy

Luxembourg: Views on the Luxembourg tax reform

Mexico: Decree on capital repatriation

Montenegro: Tax debt payment plan introduced in Montenegro

Netherlands: Revised Netherlands innovation box applied to software companies

New Zealand: New Zealand releases discussion document on modernising tax administration

Norway: Breach of EEA law rejected and plans to change interest cap rules announced

Poland: Poland overhauls structure of fiscal administration

Russia: Russian MAP Profiles: A step forward in resolving treaty-related disputes

Serbia: Serbia adopts amendments to VAT Law

South Africa: The spectre of withholding tax on service fees finally laid to rest

Spain: New transfer pricing documentation requirements become applicable to MNEs

Switzerland: Swiss voters reject Corporate Tax Reform III in its proposed form

Turkey: Turkey introduces a new scheme to boost investment in underdeveloped areas

US Inbound: Executive Order could displace recent tax regulations

more across site & shared bottom lb ros

More from across our site

ITR understands that UK Chancellor Rachel Reeves will announce a consultation on the proposed financial reward scheme, which had left advisers fretting
The long-running dispute centres on Medtronic’s use of the comparable uncontrolled transaction TP method; in other news, Paul Hastings and FTI Consulting both made double tax hires
The boutique Australian firm’s TP award recognition proves that world-class advisory services aren’t limited to the ‘big four’, the firm’s founder tells ITR
Canadian and Indian dual VAT models have been a source of inspiration for the Brazilian model, but the latter has unique and innovative features, the OECD paper claimed
More sophisticated use of technology, heightened TP scrutiny and stricter filing requirements are making South African Revenue Service audits a formidable challenge
The hire of Doug Wick expands Baker McKenzie’s state and local tax practice and adds to the firm’s growing ex-IRS expertise
One year after Nuwaru joined the WTS network, leaders James Jobson and Matthew Missaghi reflect on the firm’s mission to offer mid-tier pricing but deliver top-tier results
Join ITR's Head of Research, John Harrison, for an overview of key dates, new developments, best practices, and more for next year’s research cycle
The president’s tariff regime has already caused misery for taxpayers. Losing at the Supreme Court would mean it was all for nothing
The US itself was the biggest loser of tax revenue to American multinationals’ profit shifting, the Tax Justice Network reported; in other news, firms made key tax hires
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