ITR Search | International Tax Review

Chile: Concept of beneficiary of a double tax treaty

Gregorio Martínez Ignacio Núñez Chilean domestic law provides a withholding mechanism that requires the Chilean resident who pays a non-domicile or non-resident to withhold the amount of tax due and revert it to the tax authorities.

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

Malta: Incentives for Malta’s capital markets

Mark Galea Salomone Donald Vella In the budget speech for 2017, the Minister for Finance announced a number of fiscal incentives and measures targeted towards attracting local and foreign investment on the Malta Stock Exchange (MSE). These measures were implemented into Maltese law via the Budget Measures Implementation Act, 2017.

May 30 2017

Romania: Tax Incentives for companies performing research and development activities

Gabriel Sincu It is generally known that Romania is an important hub in the IT industry and Romanian IT specialists are appreciated worldwide. One of the reasons for this success is a tax incentive introduced by the Romanian authorities almost 15 years ago: employees involved in software programming in Romania are exempted from salary tax.

May 30 2017

The Brockman brief: Double taxation: Does it matter?

There is one topic that is seemingly silent by tax administrations, non-governmental organisations (NGOs), parliamentarians and international tax bodies: double taxation. Keith Brockman reviews the state of play and what can be done to help multinationals.

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

Chevron’s landmark loss against ATO sets a precedent

The outcome of the Chevron appeal could set a precedent for future cases The Australian Tax Office (ATO) will go after other multinationals that it believes to be guilty of tax avoidance after winning a landmark transfer pricing case against global oil and energy company Chevron over shifting profits to the US.

Anjana Haines, May 30 2017

China announces RMB 380 billion in tax cuts

Chinese policymakers have been closely following moves by various countries around the world to improve their investment attractiveness, including via tax policy, such as the US Trump Administration’s proposals on reducing the corporate tax rate to 15%. Khoonming Ho and Lewis Lu of KPMG China discuss the changes happening in China in response to the developments abroad.

May 30 2017

The economics behind EU tax probes: What it means for you

Understanding competition economics can help multinationals and national authorities restore and maintain the legal certainty of tax rulings. In the first of a two-part series of articles, Carina Lange, senior consultant at CEG Global in the Netherlands, explains the approach the Commission is taking to assess whether tax rulings or systems distort competition and how it fits into the general economic assessment of state aid cases.

May 30 2017

The introduction of GST is seen as an eagerly awaited

GST in India: Learning from the Malaysian experience

India is about to embark on a landmark change to its indirect tax system by implementing a goods and services tax (GST) regime. Yvonne Beh, partner at Wong & Partners (a member firm of Baker McKenzie International) and Nishant Shah, partner at Economic Laws Practice, explore how India can learn from Malaysia’s implementation experience.

May 30 2017

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