ITR Search | International Tax Review

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

Spain: Would EU law preclude Spanish inheritance and gift tax legislation in relation to cases involving parties resident in third states?

Rafael Calvo Salvador Pastoriza The EU institutions have emphasised in the past that European law precludes the Spanish inheritance and gift tax legislation. As a result, the European Commission commenced an infringement procedure against Spain to put an end to the discrimination being suffered by some EU citizens as a result of the wording of the Spanish (central and autonomous community government) legislation in force at that time, applicable to inheritances.

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

Australia gets even tougher on tackling MNE tax avoidance

Businesses will see their nest eggs hit as the ATO gets tough Australian Treasurer Scott Morrison says the government will continue its crackdown on multinationals not paying their 'fair share' of tax and announced more targeted measures in his 2017-18 budget speech. He also announced a major levy that will hit the country's biggest banks.

Anjana Haines, 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

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