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See who has done the tax work on this month’s biggest deals

The European Commission (EC) has ordered France to recover €1.37 billion ($1.50 billion) from Électricité de France (EDF), the energy company, for tax breaks given to the company in 1997.

Entities in Luxembourg (and Mauritius) now have an extra month to submit their first FATCA report Luxembourg extended the deadline for financial institutions to submit their first report under the US Foreign Account Tax Compliance Act (FATCA). Mauritius has also announced a similar extension.

The blueprint for how to tax cryptocurrencies like Bitcoin is still being developed Cryptocurrencies such as Bitcoin should be exempt from VAT, according to Advocate General Juliane Kokott's Opinion in a Swedish European Court of Justice (ECJ) case. The case, C-264/14, was referred to the ECJ by Sweden in June 2014 as the country looked for clarification on how to treat Bitcoin.

The Indian government has appointed Rodrigo Oreamuno as its arbitrator in the long-running Vodafone dispute.

Lyudmila Petkova, director of the Bulgarian Ministry of Finance’s Tax Policy Directorate, outlines the moves being made to counter tax fraud and tax evasion in Bulgaria at national level, as well as how this fits into wider regional and global efforts to tackle abuse.

With the European VAT Directive set for a drastic rewrite, Joe Stanley-Smith gets the inside line from the man who oversaw this year’s implementation of the place of supply rules, and takes in advisers’ views on how stakeholders will be affected.

Igor Vujasinovic On June 16 2015, in accordance with articles 7 and 8 of the Law on Indirect Taxation System in BIH (Official Gazette No. 44/03, 52/04, 34/07, 4/08, 49/09 and 32/13) in conjunction with article 25 of the Law on the Indirect Taxation Authority (Official Gazette 89/05) the Director of Indirect Taxation, with the approval of the Boards of Directors, issued a decision (the Decision) on the threshold for large VAT taxpayers. The Decision determines the period and prescribes the conditions which serve as a standard for determining which indirect taxpayers will have the status of 'large indirect taxpayers'.

Peter Dachs South Africa's new double tax agreement (DTA) with Mauritius was published in the Government Gazette of June 17 2015. In terms of article 28 of the new DTA, the provisions thereof shall only be effective in both countries from January 1 2016. The main changes introduced by the new DTA relate to dual residence for persons other than individuals, withholding taxes (dividends, interest and royalties) and capital gains.

Jock McCormack The Australian Government is continuing its strong focus on greater tax transparency, disclosures, reporting and stricter transfer pricing documentation requirements. The Australian Taxation Office (ATO) has also elevated its examination of perceived international tax abuses, including offshore marketing hubs, procurement hubs, permanent establishment (PE) status and financing arrangements. Multinationals entities (MNEs) are under the spotlight both internationally, through the OECD/G20 BEPS project, and domestically in Australia, by way of the Senate inquiry into corporate tax avoidance. Draft legislation has been publically released on August 6 2015, impacting MNEs with annual global revenues in excess of A$1 billion (US$740 million). This draft legislation will: