ITR Search | International Tax Review

Transforming tax – under pressure

Tax departments are feeling the heat. A tsunami of changes is causing them to rethink their purpose and review how they operate. Mark Body, director, tax transformation (financial services) at KPMG in the UK, considers how corporate tax leaders are adapting to the changes, and what the future is likely to hold for them and their teams.

May 30 2017

Brazil: Tax authorities issue guidance on the treatment of software as a service

The Brazilian tax authorities attempt to resolve the withholding tax treatment of payments in relation to software, which has been a controversial issue for several years.

May 30 2017

Greece: Administrative guidelines published on tax benefits of cross-border restructurings

Diana Tsourapa The Greek Independent Authority for Public Revenue (IAPR) has published Circular POL. 1057/2017 (the Circular), which sheds some light and provides the much anticipated administrative guidelines on the implementation of the Greek Income Tax Code (GITC) tax beneficial provisions, applicable to mergers, divisions, partial divisions, spin-offs and share-for-share exchanges (collectively the restructuring provisions). The provisions apply both in cases of Greek and EU cross-border restructurings.

May 30 2017

Compliance burdens rise despite lower tax rates and more incentives

Governments worldwide are seeking alternative means to attract businesses as global tax reforms and weak economic growth drive tax rates down, but the tax changes are anything but positive for businesses.

Natalie Leonidou, May 30 2017

The future of tax technology is now

The role of technology and digital tools in taxation is growing. Jon Dobell, EY global compliance and reporting leader in the tax group, discusses the power of technology and how it will change tax functions in the future.

May 30 2017

UK parties split over taxes

As the UK election approaches, the Conservatives, the Labour Party and the Liberal Democrats have presented their respective proposals on tax policy. Josh White examines the party manifestos.

May 30 2017

Using blockchain for transparent beneficial ownership registers

The OECD and the Financial Action Task Force (FATF) are considering how to improve implementation of the international standards on transparency, including on the availability of beneficial ownership information and its international exchange. Julia de Jong, Alexander Meyer, and Jeffrey Owens of the Global Tax Policy Centre at the Institute of Austrian and International Tax Law within the Vienna University of Economics and Business explore how blockchain technology could be used to achieve this goal.

May 30 2017

New Zealand: Courts consider challenge to information requests issued at request of foreign tax authority

Brendan Brown Rhonda Gregory In a number of recent decisions, the New Zealand courts have considered a challenge to the validity of requests for information made by the New Zealand Inland Revenue at the request of South Korea's National Tax Service (Korea).

May 30 2017

South Africa: SARS confirms zero dividends tax rate in Swedish-South Africa DTA

Anne Bennett In a binding private ruling, dated March 1 2017, the South African Revenue Service (SARS) confirmed that as a result of the most favoured nation (MFN) clause in the double tax treaty held between South Africa and Sweden, South African dividends tax is not payable on dividends declared by a local company to a Swedish resident shareholder.

May 30 2017

Germany: Finance Ministry issues guidance on the use of a brand name within a multinational group

Companies need to be prepared to answer tax questions on brand names and the application of the hypothetical arm's-length test as the appropriate transfer pricing method for trade mark fees.

May 30 2017

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