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Belgian value-added tax (VAT) law makes a distinction between "advertising or publicity" costs, (eligible for VAT recovery) and business entertainment costs.

There is a long history of taxpayers in dispute with the Australian Taxation Office (ATO) choosing to approach the courts to clarify their tax liabilities rather than take the objection and appeal route provided in income tax law.

Michel Guilluy, Eric Centi and Vincent Marquis of PricewaterhouseCoopers, examines the interaction between the MFN clause and the fundamental freedoms in the EC Treaty

The judgment delivered by the European Court of Justice (ECJ) in the Kretztechnik AB vs Finanzamt Linz case is of importance to anyone engaged in value-added-tax-exempt financial transactions - issuing equity or debt for example. The case was directly concerned with value-added tax (VAT) incurred on professional fees related to the issue of shares by the taxpayer on the Frankfurt Stock Exchange. In that case, the Austrian authorities had refused to allow deductibility of VAT on these fees on the grounds that they related to an exempt supply.

The Legislative Decree dated May 27 2005, which is not yet published in the Italian official gazette as of June 30 2005 (the decree) finally implemented Council Directive 2003/49/EC of June 3 2003 on a common system of taxation applicable to interest and royalty payments made between associated companies of different member states (the directive), whose term expired on January 1 2004.

During the 1990s foreign investors looked to expand their businesses in Brazil in a number of key sectors of the economy. The main factors taken into consideration by foreign investors were, among others, the economic stabilization with reduced inflation rates, the opening of the Brazilian market, the attractive market conditions and the reduction of the Brazilian sovereign risk rates due to economic stabilization.

All local and foreign multinational groups must comply with the transfer pricing rules established in article 38 of the Chilean Income Tax Law, which refers to the determination of arm's-length prices charged between related entities on the acquisition or supply of goods and/or services. Within the framework set out by a recent tax authority audit plan on additional tax, a local tax authority can request the filing of two sworn statements.

Under the Austrian participation exemption dividends received by an Austrian resident corporate shareholder from a domestic company are tax exempt irrespective of the percentage of the participation and of the holding period. In contrast, dividends from a foreign company are only tax exempt if the shareholder holds at least 10% in the share capital of a foreign company eligible for such exemption and if such participation is being held continuously for at least one year.

European Court of Justice tax decisions can have an impact on EU tax residents and non-EU tax residents alike. Eckart Nuernberger and Dirk Pelzer of KPMG analyze what recent judgements mean for taxpayers doing business in Germany

In an interview with International Tax Review, the minister in charge of the Dutch tax system, outlines government reforms to protect and increase corporate tax revenues