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The Swiss population rejected the 2020 Old-Age and Survivors Insurance reform on September 24 2017. As a result, the additional funding of disability insurance (DI) by 0.4 points of VAT will expire at the end of 2017. However, the standard and special VAT rates will increase by 0.1 point from January 1 2018 due to the draft measures to finance and develop railway infrastructure.

Montenegro has recently sharpened its focus on fiscal consolidation with a target to achieve budget surplus and to establish a declining trend in the level of public debt from 2019. On the revenue side, additional measures will be aimed at further harmonising the excise policy with the EU's rules. Additionally, the government is set to increase the standard VAT rate by two percentage points as of 2018, an adjustment which will not disturb the Montenegrin tax system.

See who has done the tax work on this month’s biggest deals.

The finance minister is planning to issue a new regulation concerning taxation on e-commerce transactions, including the applicable tax rate and the mechanism on how to collect the tax.

Like all EU member states, Malta is preparing to transpose the Anti-Tax Avoidance Directive into domestic law. Nicky Gouder and Luana Scicluna of ARQ Group discuss the changes businesses can expect.

Greece has embraced the European Commission's recommendation (on December 6 2012) for an action plan to strengthen the fight against tax fraud and tax evasion, which, among others, includes the implementation of a general anti-abuse rule (GAAR). Namely, by virtue of Article 38 of the Greek Tax Procedures Code (i.e. L. 4174/2013), a domestic GAAR has been introduced into the Greek fiscal landscape, in force as of January 1 2014, according to which the tax authorities may disregard any artificial arrangement or series of arrangements aiming to avoid taxation and lead to a tax advantage.

The Department of Finance (Canada) released proposed draft legislation on September 8 2017 to amend the Excise Tax Act (Canada) (the ETA) in order to provide new investment limited partnership rules (the proposed rules). These rules would deem general partners that provide management and administrative services to such partnerships to have made taxable supplies subject to goods and services tax/harmonised sales tax (GST/HST).

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.

Widening the tax rules to address the evolving digital economy is a regular talking point for many. Channing Flynn, partner and global digital tax leader, and Jennifer Cooper, senior manager of international tax services, at EY highlight what’s next on the agenda.

Country-by-country reporting (CbCR) was implemented in Bulgarian legislation via the Act to Amend and Supplement the Tax and Social Security Procedure Code (TSSPC), which was published in issue 63 of the State Gazette on August 4 2017.