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

CSR initiatives can sometimes venture into virtue signalling, but Ryan’s tax literacy event for schoolchildren was a genuine and necessary endeavour
Grant Thornton advanced plans to integrate its Australian firm into its US arm, as tax developments spanned law firm hires, aviation levies and digital services taxes
A new focus on early intervention and increased AI use is transforming how tax authorities are approaching TP audits, though capacity-constrained jurisdictions risk falling behind
The French administration has used AI to detect undeclared swimming pools and verandas but always includes a human in the loop, the AI in Tax Forum heard
The UK tax authority’s deputy director of large business also reassured taxpayers that HMRC will not ‘nitpick’ returns
Sucafina’s tax chief was speaking at the ITR Pillar 2 Forum in London alongside experts from HMRC and other organisations
India’s Supreme Court rattled cross‑border structuring with its Tiger Global ruling. Subsequent rule changes narrowed the impact, but significant risks around GAAR, substance and treaty access persist
The UK-based big four spin-off firm has hired Marc Lien, who declared that most AI in professional services today is ‘cosmetic’
Projected revenue losses and exemption requests are harming the project’s capability and viability
HMRC secured lengthy prison sentences in a major payroll VAT fraud case, while law firms announced tax promotions and hires
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