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Harmonisation of fiscal legislation – Council Directive 69/335/EEC – Indirect taxes on the raising of capital – Notarial charges for drawing up a document recording an increase in the capital of a capital company and an amendment of its statutes.

A new Accounting Act entered into force in Sweden on January 1 2000, which changes the rules concerning the maintenance of accounting records abroad. The principal rule states that accounting must be carried on in Sweden. According to the new regulations, under certain circumstances vouchers may be kept abroad temporarily. If the accounting records are computer-based, the machinery may be placed abroad, but a permit must be obtained. A condition is that the business has access to the accounting system and can present information about the accounts in ordinary readable form in Sweden.

In the June 1999 issue of International Tax Review, we reported on the April 1999 Brühl Recommendations for the reform of German business taxation.

New German regulations narrow the scope and broaden the formal requirements of cost-sharing arrangements. Multinationals have until the end of the year to make the necessary changes. By Alexander Vögele of KPMG, Frankfurt am Main

New Zealand’s Inland Revenue has just released its latest guidelines for transfer pricing. It is an area where taxpayers need all the help they can get. But some important departures from OECD guidelines mean that they will have to watch their step

Non-residents are set to benefit from changes to legislation which grant them exemption from tax on financial income. However, these new rules must be considered in conjunction with a close reading of existing laws. By Stefano Serbini of Freshfields, Milan

Information technology associations in India are hoping that the Ministry of Finance agrees to their demands for tax breaks in the forthcoming budget.

Ireland's minister for finance has published the Finance Bill. The following are some of the principle features relating to international tax.

Based on the France-Netherlands tax treaty, a French company was found not to have withheld tax from its royalty payments to a Dutch CV (Commanditaire Vennootschap, a type of silent partnership) whose partners were two Dutch BVs. The French tax administration argued that the treaty was not applicable because the Dutch CV is not subject to income tax, and therefore is not a resident of the Netherlands within the meaning of the tax treaty.

Following a recent decision, the Appeals Senate V of the Regional Fiscal Directory of Vienna, Lower Austria and Burgenland, submitted a request for a preliminary ruling to the European Court of Justice (ECJ). At issue is the taxation of dividends distributed by Austrian corporations as compared with dividend distributions of their non-Austrian counterparts.