International updates - September 2015

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International updates - September 2015

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The latest international updates from our correspondents around the world.

Australia: Transparency still tops Australian Government’s agenda

Bosnia and Herzegovina: New threshold for large VAT taxpayers

Brazil: New Provisional Measure requires disclosure of certain transactions

Bulgaria: Double tax treaty between Bulgaria and Norway

Canada: Canadian authorities may access taxpayer self-assessments for uncertain tax positions

China: Standardisation of the administration on cost sharing agreements

Cyprus: Cyprus improves tax benefits for investors

Egypt: ‘Free zones’ system in Egypt

EU: June ECOFIN Council debates mandatory AEoI, tax rulings and Interest & Royalties Directive

Germany: Discussion draft issued on reform of investment taxation

Greece: Bridging the VAT gap: The case for Greek VAT reform

India: India-Mauritius treaty renegotiations continue

Ireland: Recent developments in Ireland’s R&D tax credit regime

Italy: Italian Cabinet approves the Internationalisation Decree’s tax package: Simplification for CFC and black-list cost rules

FYR Macedonia: FYR Macedonian government approves Saudi Arabia double tax treaty

Malta: United Nations Pensions Programme rules

Middle East: Oil prices push the GCC VAT debate into the spotlight again

Montenegro: Montenegro - Austria tax treaty

New Zealand: NZ Government allocates additional funding for audit and enforcement activities

Poland: In case of legal doubts, rule in favour of the taxpayer

Russia: Introducing the beneficial owner concept as part of Russia’s de-offshorisation initiatives

Serbia: VAT refund in Serbia

South Africa: New tax legislation and exchange control case

Spain: New taxation of capital gains obtained by non-residents

Switzerland: What does ‘arm’s-length’ mean?

Turkey: Draft guidelines on advance pricing agreements

US Inbound: Tax Court decision raises attorney-client privilege questions

more across site & shared bottom lb ros

More from across our site

If Trump continues to poke the world’s ‘middle powers’ with a stick, he shouldn’t be surprised when they retaliate
The Netherlands-based bank was described as an ‘exemplar of total transparency’; in other news, Kirkland & Ellis made a senior tax hire in Dallas
Zion Adeoye, a tax specialist, had been suspended from the African law firm since October over misconduct allegations
The deal establishes Ryan’s property tax presence in Scotland and expands its ability to serve clients with complex commercial property portfolios across the UK, the firm said
Trump announced he will cut tariffs after India agreed to stop buying Russian oil; in other news, more than 300 delegates gathered at the OECD to discuss VAT fraud prevention
Taxpayers should support the MAP process by sharing accurate information early on and maintaining open communication with the competent authorities, the OECD also said
The Fortune 150 energy multinational is among more than 12 companies participating in the initiative, which ‘helps tax teams put generative AI to work’
The ruling excludes vacation and business development days from service PE calculations and confirms virtual services from abroad don’t count, potentially reshaping compliance for multinationals
User-friendly digital tax filing systems, transformative AI deployment, and the continued proliferation of DSTs will define 2026, writes Ascoria’s Neil Kelley
Case workers are ‘still not great’ but are making fewer enquiries, making the right decision more often and are more open to calls, ITR has heard
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