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Following the enactment of the second French Finance Amendment Act on September 21 2011, Nicolas Message of FTPA analyses the increase in real estate taxation in the country.

vPeter Dachs The long awaited Taxation Laws Amendment Bill 2011 (Bill) was released on October 25 2011. This introduces various amendments, which are relevant in respect of cross-border transactions.

David Cuellar Sergio Lugo On September 8 2011, the Mexican government released a proposed tax bill that contains, among other things, certain modifications to the Mexican Federal Tax Code (FTC). At the point of writing, this Bill is still under analysis and discussion in the Mexican Congress. The proposed modifications to the FTC include rules aimed at simplifying the tax requirements for invoices; these provisions are in line with the commitments and efforts of the Mexican government to reduce the administrative tax burden of taxpayers.

Elena Kostovska The Parliament of FYR Macedonia picked up the speed of its law passing in September, ratifying a number of amended tax laws. Accordingly the VAT Law has been amended and its changes published in the Official Gazette on October 3 2011, entering into force on October 11.

Gerry Thornton Brian Doohan Ireland signed a double tax treaty with Saudi Arabia on October 19 2011 bringing the number of tax treaties Ireland has signed to 64.

Ian Farmer, PwC The Australian Taxation Office (ATO) has finalised two tax determinations relevant for the taxation of gains made by other non-resident investors.

Slobodan Mihajlovic Sead Dado Salkovic According to recent market reports, the purchase price of residential property per one-square-metre in Banja Luka has decreased by 35% in the past six months where, on the other hand, in the Sarajevo canton, the prices have increased.

Greg Sinfield and Lee Squires of Hogan Lovells consider the impact of the recent ECJ decision in GFKL and explain how the ruling removes much of the uncertainty about the VAT treatment of discounts in the context of the assignment of receivables.

As the debate over the new UK controlled-foreign company regime rolls on, Agnieszka Paszcza, who has recently completed a Master of Laws course at Cambridge University, takes a critical look at the government’s proposals.

MHM Revenue and Customs (HMRC) in the UK has welcomed the move by the National Audit Office to bring in tax specialists to investigate how the tax authority settles large tax payments.