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On January 10 2018, the Minister of Industry (MOI) enacted Regulation No. 01 of 2018 concerning Criteria and/or Requirements for the Implementation of the Use of Income Tax Facilities for Investment in Certain Lines of Business and/or in Certain Areas of the Industrial Sector (MOI Regulation 01/2018). This regulation is a further implementation of Government Regulation No. 18 of 2015 as amended by No. 9 of 2016 concerning Income Tax Facilities for Investment in Certain Lines of Business and/or Certain Areas of the Industrial Sector. An income tax facility as referred to herein is granted in the form of:

It is widely accepted that the tax treatment applicable to trusts in Spain is undefined. For this reason, it is necessary for the particular facts and circumstances of each trust to be considered in order for an accurate assessment of the Spanish tax implications to be prepared. However, from time to time, the Spanish tax agency (Agency) provides certain insights into the tax treatment applicable to trusts through its formal reply system to taxpayer consultations.

Multinational companies operating in South Africa are grappling with the practical challenges of the BEPS transfer pricing-related filing requirements.

Despite global M&A volume exceeding $3 trillion for the fourth consecutive year, there can be no doubt that uncertainty has affected the transactional market during the past year, and will continue to do so in 2018, but this isn’t to say that all of its effects will be negative.

On December 29 2017, Law 13,586/2017 (dated December 28 2017) was published providing for the conversion of Provisionary Measure 795/2017 (PM 795/2017) into law.

The Chinese State Administration of Taxation (SAT) has introduced two important new circulars to clarify the application of relief under China's double tax agreements (DTAs).

A recent court ruling in Mexico has enabled the tax authorities to dive deeper into taxpayer affairs to determine whether transactions have real substance. Carlos Ramírez & Víctor Masón of Deloitte Mexico explain why taxpayers should take note of this judgment.

On January 12 2018, the Internal Revenue Service (IRS) released five directives from the large business and international (LB&I) division.

The Indian budget was presented on February 1 2018.

In January 2018, a tax bulletin was published on the annual meeting held between the Hong Kong Inland Revenue Department (IRD) and the Hong Kong Institute of Certified Public Accountants (HKICPA). The annual meeting covers a wide range of topics and is a discussion on practical matters raised by practitioners on which the IRD provides clarification. Some of the key Hong Kong tax issues discussed included the following.