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Canada: Guidance relating to Canadian tax treaties and foreign limited partners

Although not legally binding, the Canada Revenue Agency (CRA) recently answered three questions about the entitlement of UK minority limited partners (Partners), under the Canada-UK income tax convention (Treaty), to a reduction of the Canadian 25% withholding rate on certain dividend and interest payments.

July 11 2017

India GST: The mechanics of compliance

Much like the Maruti Suzuki or iconic Hindustan Ambassador cars that changed the nature of India’s roads, the new GST system holds the potential to evolve Indian taxation forever with its intelligent structure and technological advances that are intended to bolster compliance and curb corruption. Anjana Haines examines the country’s biggest tax reform since Indian independence.

Anjana Haines, July 11 2017

China’s TP documentation policy: The first year in review

Maggie Zhuang, tax manager at Chevron China Energy Company, shares her experience and lessons in complying with China’s transfer pricing (TP) policy under Public Notice No. 42, which required the information to be submitted for the first time.

July 11 2017

Special features - July/August 2017

Read this month's special features on Ireland and the US

July 11 2017

The economics behind EU tax investigations: The way forward

The European Commission has made some surprising decisions in recent years about how tax rulings between multinationals and EU member states constitute state aid. In the second of this two-part series of articles, Carina Lange, senior consultant at CEG Global in the Netherlands, discusses how multinationals can maintain legal certainty and assess the risks associated with tax rulings.

July 11 2017

Turkey: Introducing OECD’s common reporting standard

Burçin Gözlüklü Ramazan Biçer The Turkish National Assembly has recently passed a law ratifying the Convention on Mutual Administrative Assistance in Tax Matters. The OECD has also issued a notification that Turkey is the 88th country to sign the Multilateral Competent Authority Agreement on Automatic Exchange of Information.

July 11 2017

Norway: Alterations of the Norwegian tonnage tax regime

Ragna Flækøy Skjåkødegård The Ministry of Finance recently published its letter of notification of the tonnage tax regime to the EFTA Surveillance Agency (ESA), outlining the following alterations in the existing tonnage tax regime:

July 11 2017

Switzerland: Swiss Tax Reform Proposal 17 on track as first round of hearings are completed

Raoul Stocker Jacques Kistler The Swiss Federal Department of Finance (SFDF) said on April 10 2017 that the designated Steering Committee of the Swiss Federation and the cantons has successfully concluded the first round of hearings with representatives of the Swiss business community, political parties, and the cities and municipalities, in regard to the so-called Tax Reform Proposal 17, which is replacing Corporate Tax Reform III that was rejected by the Swiss electorate in its proposed form.

July 11 2017

Ireland: MLI signed

Catherine O’Meara Trevor Glavey Ireland, along with 67 other countries, signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on June 7 2017. The key changes to Ireland's double tax treaties (DTTs) that will be made under the MLI are:

July 11 2017

Macedonia: Germany ratifies protocol amending Macedonia-Germany DTA

Elena Kostovska At the end of March 2017, the German Federal Council approved the protocol amending the tax treaty concluded with FYR Macedonia. The amending protocol was signed by both countries in November 2016 to amend the treaty signed in 2006.

July 11 2017

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