ITR Search | International Tax Review

Survey: Do you know the best tax transactional and tax planning firms?

There are many tax practitioners willing to offer you advice on your next merger, acquisition or other deal, but how do you know which firm to choose?

Anjana Haines, October 30 2017

South Africa stalls on tax hikes to deal with political ‘hot potato’

Despite the widespread perception of tax increases being inevitable, Finance Minister Malusi Gigaba avoided presenting any such changes in his mid-term budget.

October 27 2017

UK under investigation for rules enabling profit shifting

The European Commission (EC) has opened a state aid investigation into the UK’s tax laws, which it says exempt multinationals with certain types of subsidiaries in tax havens from controlled foreign company (CFC) rules.

Joe Stanley-Smith, October 27 2017

Discrepancy between Indian GST and TP opens door for disputes

India has seen a good deal of business disruption since GST was introduced in July with little time for companies to prepare. TP professionals are now warning that disharmony in the open market pricing between GST and TP laws could add yet another layer of complexity to the new regime.

Lena Angvik, October 26 2017

Andersen Global adds new firm in Canada

Andersen Global has expanded to Montreal, Canada with the addition of SdM Chartered Professional Accountants to the firm’s international brand.

October 26 2017

Italy: First round of CbCR implementation takes place

The implementation of country-by-country reporting (CbCR) in Italian Law showed for the first time its practical consequences on October 31 2017. The new format of the tax return for the fiscal year 2016 contains a new section (row RS268) dedicated to the communication to the Central Revenue of the basic information to comply with CbCR.

October 26 2017

European Union: Public CbCR impasse in EU’s Council and possible impact of President Tusk’s EU reform plans

The EU Council's working party on company law (CbCR) met again under the chairmanship of Estonia at the level of national attachés and national experts on October 11 2017. The stated aim of the working party meeting was to continue technical-level discussions on the EU's pending public country-by-country reporting (public CbCR) proposal. On the agenda were a discussion on the previous Maltese EU presidency legacy compromise text and a more recent compromise text prepared by the current Estonian presidency.

October 26 2017

Ireland: Budget 2018 maps route for tax modernisation

The Irish Minister for Finance made his annual budget announcement on October 10 2017. The budget contained a number of measures proposing amendments to domestic Irish tax law, most of which were in line with pre-budget expectations. In addition, as part of the budget package, the minister also published a paper on Ireland's international tax strategy and corporation tax review (the strategy paper), which provides valuable insight into the Irish tax policy agenda for the coming years.

October 26 2017

Germany: Possible tightening of RETT provisions

The German federal government and the federal states have set up a joint working group to examine the possibility of lowering the threshold that triggers the real estate transfer tax (RETT) in share deal transactions. In addition, some of the federal states in the upper house of Parliament launched their own initiative to ask the federal government to consider amending the RETT code based on future recommendations of the joint working group.

October 26 2017

Cyprus: Introducing the new VAT appeal procedure

The Cyprus VAT Act has been amended in relation to the procedure to be followed for an appeal against an assessment issued by the tax department. This amendment entered into force on July 7 2017.

October 26 2017

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