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Companies, including those in the private equity sector, should consider the relevance of the PPT to their business operating models in the post-BEPS environment.

Bela Sheth Mao and Parul Anand of Deloitte India explore the anti-profiteering provisions in India’s GST law and make suggestions as to how businesses should deal with its effects.

Tax incentives and tax relief for special geographical areas in Croatia are regulated by myriad acts and ordinances that are constantly changing and adjusting to the demands of the acquis communautaire. Whereas previously such relief was structured and destined for free trade areas, highlands and areas of special state care, now it is being categorised as a state incentive, subject to EU standards and requirements. The entrepreneurs who are conducting their business activities in the city of Vukovar or the so-called assisted areas (classified as 'Group 1' under the development index) are thus exempt from the payment of corporate income tax or – in the case of craftsmen or self-employed free professionals – personal income tax. Details and conditions for applying for such exemptions are elaborated further in the text.

The Minister of Finance (MoF) issued MoF Regulation No. 35/PMK.010/2018 of 2018 concerning Granting of Corporate Income Tax Allowance (MoF Regulation 35) on April 4 2018, which replaced the old regulations issued in 2015 and 2016 stipulating the same. In general, MoF Regulation 35 provides terms that are arguably more beneficial to corporate taxpayers as compared to those under the old regulations. Note that 'corporate taxpayers' herein refers only to those making new investments in pioneer industries.

US tax returns, divine inspiration, Cardi B and poetry all feature in this month's less-than-serious look at recent tax news.

I've never been one for fine dining. Don't get me wrong, I love flavour, freshness and fancy food, but to be honest I find myself in the same boat as the tax authorities. Something can be intricately and expensively assembled and put in front of me ever so politely, but what I really crave at the end of the day is substance.

Although it has a small economy, Malta is fully exposed to the whims of the global economic context. The ramifications of Brexit on European markets are an extremely complex issue, write Nicky Gouder, tax partner, and Luana Scicluna, tax manager of ARQ Group.

Read this month's special features on Germany and Malta

On March 12 2018, Serbia joined the Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) in order to combat tax evasion through international tax cooperation.

Over the past decade, permanent establishments (PE) have emerged as one of the hottest topics of dispute during tax inspections in Italy and have also frequently been the subject of contention in the context of tax courts. This has applied especially in relation to the way foreign companies have opted to use the structure to set up their businesses in Italy (the so-called 'undisclosed PE'). And considering the operational impact that a PE risk may trigger, it has become even more crucial to evaluate the possible consequences on the supply chains of the new definitions and concepts brought about by the OECD's work in relation to the BEPS project (in particular, Action 7: Preventing the Artificial Avoidance of Permanent Establishment Status).