ITR Search | International Tax Review

Greece: Moving towards a tax audit rationalisation?

During the past few years, Greek enterprises have been faced with a radical change in the domestic legislative tax framework along with the conduct of rather aggressive tax audits by the Greek Tax Authorities (GTA). Nevertheless, recent developments in relation to the definition of the 'tax evasion crime' and the statutory limitation period for the assessment of taxes by the GTA appear to rationalise the tax audit practices followed to date.

January 30 2018

Tax Relief

Because tax doesn't have to be taxing. A less-than-serious look back at some of the quirkier tax stories from the past month.

January 30 2018

Luxembourg: VAT-free zone regime offers favourable conditions for transactions in high-value goods

Companies and individuals owning (or seeking to acquire) high-value goods should be aware that Luxembourg offers VAT and customs regimes that provide favourable conditions for certain transactions involving such goods.

January 30 2018

Special features - February 2018

Read this month's special feature on Malta

January 30 2018

The Brockman brief: Tax subjectivity and complexity: road to nowhere

The US tax reform act, among other countries’ proposals and legislative pronouncements, has widened the breadth of subjectivity while adding new multiple systems for federal, state and international compliance, seemingly leading to a road to nowhere for tax simplification and transparency.

January 30 2018

Hold on to your hats…

The new year has started with a question. While this question can be phrased in a number of ways, the common denominator is the topic: US tax reform.

Joe Stanley-Smith, January 30 2018

Italy and CbCR: recent developments and filing regulations for Swiss and US groups

Country-by-country reporting (CbCR) was introduced in Italy by Law No. 208 dated December 2015, published in the Official Journal No. 302 on December 30 2015), and entered into force on January 1 2016. A ministerial decree dated February 23 2017 (Decree), published in the Official Journal on March 8 2017, provided practical guidance on CbCR.

January 30 2018

Cyprus: Important tax updates in Cyprus at the end of 2017

The Cyprus Parliament passed important amendments directly impacting taxpayers during the last quarter of 2017. This briefing focuses on the modifications concerning income tax, overdue taxes and tax exemptions on loan restructuring. These amendments have an impact on computations of tax obligations and include revised deadlines with which companies will have to comply when fulfilling their tax responsibilities.

January 30 2018

Australia: Corporate collective investment vehicles tax regime

The Australian government released exposure draft legislation on the tax treatment of corporate collective investment vehicles (CCIVs) on Wednesday, December 20 2017. The draft legislation is open to public consultation until February 2 2018 and will apply to income years commencing on or after July 1 2018.

January 30 2018

2018: The busiest tax year yet

The work of corporate tax departments over the next 12 months will be dominated by large international changes such as the BEPS project, US tax reform and shifting attitudes toward taxation of the digital economy. Joe Stanley-Smith explores what companies can do to stay ahead of the curve.

Joe Stanley-Smith, January 30 2018

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