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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

Australia: Stapled structures

The Australian government is reviewing the tax policy applicable to stapled structures, which are commonly used in the real estate, infrastructure and related sectors following the issue of Australian Taxation Office (ATO) Taxpayer Alert 2017/1 and a Treasury consultation paper earlier in 2017.

October 26 2017

Breaking down borders: Liberating EU commerce through VAT reform

While walls, wire fences and border checks proliferate around the world, the EU is looking to liberalise VAT rules to break down barriers to trade within its borders. Joe Stanley-Smith explores the EU’s proposals for a new definitive VAT regime with Maria Teresa Fabregas Fernandez, director for indirect taxation and tax administration at the European Commission.

Joe Stanley-Smith, October 26 2017

Spain: Tax implications of ‘malus’ and ‘clawback’ clauses in variable compensation schemes

Importance of compensation issues from the corporate governance angle has increased over recent years, as a result of which their regulation has gone from mere recommendations to positive law, applicable to the compensation paid to the executives and directors of, among others, credit institutions, investment services and insurance companies, or collective investment undertaking management companies.

October 26 2017

Austria’s next coalition spells tax cuts

Former Integration Minister Sebastian Kurz is set to become Austria’s chancellor Sebastian Kurz is poised to become the first conservative Austrian chancellor in more than a decade and his claim on power puts tax cuts on the agenda.

October 26 2017

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.

October 26 2017

Portugal: Portuguese budget bill for 2018 brings few tax changes

The Portuguese budget bill for 2018 was presented to the Parliament on October 13 2017 and the main salient feature would be an uncharacteristic lack of any major tax amendments.

October 26 2017

Malta: Budget 2018

The budget for the 2018 legislature was presented to the Maltese Parliament on October 9 2017. The main theme of the budget, from a commercial perspective, was the creation of business, the incentivisation of the markets and the attraction of foreign direct investment. At the core of the budget document were a number of interesting fiscal measures and incentives for both businesses and households.

October 26 2017

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