ITR Search | International Tax Review

More tax exemptions in Poland but only for innovators and good employers

Poland's special economic zones (SEZs) represent one of the driving elements of the country's economic success. For 20 years the SEZs have been attracting large, medium and small new investors, both locally and internationally.

March 21 2018

Russia: VAT on e-services broadens to cover B2B supplies in Russia from 2019

Federal Law No 335-FZ of November 27 2017 (the Law) has made a number of changes to the VAT rules on e-services, also known in Russia as the 'Google tax'. The first version of these VAT rules, announced in 2017, was quite similar to EU legislation, with only minimal differences, as they were based on the OECD's BEPS Action 1.

March 21 2018

Indonesia: New regulation on calculation of gross turnover

On February 13 2018, the Minister of Finance (MoF) issued new Regulation No 15/PMK03/2018 concerning Alternative Methods for Calculating Gross Turnover (MoF Regulation No 15/2018). As the title suggests, the regulation provides several other methods for calculating the gross turnover of an Indonesian taxpayer, and further implements provisions under the Indonesian Income Tax Law.

March 21 2018

Russia launches tax amnesty before CRS comes into effect

The amnesty could be a response to US tax reform Russia has announced the launch of a capital amnesty and a tax-free wind up to allow businesses to declare assets. President Vladimir Putin has signed off on the plan just as international sanctions are tightening and the country is awaiting the common reporting standard (CRS) being implemented later this year.

Josh White, March 21 2018

Tech companies rush to the Philippines ahead of tax cuts

The Philippines is implementing a five-step tax cut package The Philippines is set to implement corporate tax cuts in its drive to become a leading tech hub in Southeast Asia. The Philippine government hopes its bid to overhaul the tax regime will attract more businesses in the long term.

Josh White, March 21 2018

Italy’s election result spells uncertainty for businesses

The hung parliament could hinder the EU’s bid to settle the debt crisis Tax incentives, including R&D investment perks, are at risk following a massive shift in power in Italy's general election, which took place on March 4.

Josh White, March 21 2018

Embracing tax technology: The full perspective

Geoff Peck, executive officer and chief taxologist at PawPaw Taxology, dives deeper into how tax leaders can approach tax technology with better clarity and assurance than they do today.

March 21 2018

Are losses obtained on intra-group transactions deductible under Spain's participation exemption regime?

For many years the Spanish 'participation exemption' regime had the particular characteristic that whereas the capital gains and dividends obtained by Spanish companies from foreign shares were exempt from corporate income tax (subject to given minimum investment and taxation requirements), any losses deriving from the transfer of those shares were deductible for corporate income tax purposes.

March 21 2018

Maltese tonnage tax regime receives formal approval

Malta's maritime industry is undeniably one of the island's economic pillars, with the shipping register being the sixth largest in the world and the largest in Europe.

March 21 2018

Important changes in the Turkish VAT system

The Turkish government has introduced a draft law amending the Turkish VAT Law. This is the most comprehensive amendment to the Turkish tax system since the VAT Law was first introduced in 1986.

March 21 2018

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