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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

Asia forum shows there is more to tax than BEPS

BEPS may have been first among the topics for discussion at International Tax Review’s Asia Tax Forum, but it was not the only subject on the list. As Ralph Cunningham reports, panellists and delegates were also keen to discuss issues such as anti-avoidance, dispute resolution and tax incentives in their own countries and elsewhere.

Ralph Cunningham, May 30 2017

Russia: Bilateral APAs offer new opportunities

The Russian transfer pricing rules (TP rules) enacted in 2012 provide the opportunity for taxpayers to conclude both unilateral and bilateral advance pricing agreements (APAs). However, no bilateral APAs have been concluded until now.

May 30 2017

Asia Tax Awards 2017

Twenty-eight different firms, individuals and companies shared the prizes at the Asia Tax Awards in Singapore.

May 30 2017

Indonesia: Will the amendments to the Income Tax Law simplify the rules?

Freddy Karyadi Nina Cornelia Santoso Since last year, the Indonesian government has planned to reform a number of tax policies, including an amendment to Law No. 7 of 1983 on Income Tax, which was last changed by Law No. 36 of 2008 (Income Tax Law).

May 30 2017

Norway: Proposed interest limitation rules may impact inbound investments

Daniel Herde Trond Eivind Johnsen The Norwegian Ministry of Finance (MoF) has proposed changes to the interest limitation rules applying to group companies, possibly limiting the interest deductions for MNEs' inbound investments in Norway.

May 30 2017

Italy: New revision of the Italian Transfer pricing provisions on arm’s length principle

Barbara Scampuddu Gian Luca Nieddu On April 24 2017, the Italian Government introduced two important changes affecting the definition of the arm's-length principle for transfer pricing purposes. Art. 59 of Law Decree n. 50/2017, in fact, replaced the concept of "normal value" mentioned in Art. 110 paragraph 7 of the Italian Income Tax Code (ITC), fully aligning the wording of the domestic rule with the OECD arm's-length principle.

May 30 2017

Turkey: New tax amnesty to be introduced

Duran Bülbül Turkey has introduced three different tax amnesties in the past decade. The last one was introduced within the "public debts programme" in 2016. This time, the Turkish government declared a new tax amnesty to restructure public debts in early May.

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

Ireland: Ireland’s cooperative compliance framework

Joe Duffy Kathryn Stapleton The Irish Revenue Commissioners (Irish Revenue) has relaunched its cooperative compliance framework (CCF) for large cases division (LCD) taxpayers with effect from January 1 2017.

May 30 2017

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