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Indonesia: New transfer pricing requirements in Indonesia

Freddy Karyadi Anastasia Irawati In an effort to limit tax avoidance and combat BEPS practices in Indonesia, the Indonesian government issued new transfer pricing regulations in Indonesia that intend to minimise the transfer pricing schemes conducted by multinational enterprises.

January 25 2017

France urged to make bigger corporate tax cuts

Corporation tax in France is too high and should be cut to the European average to allow French companies to remain competitive, advisers have told the French Parliament.

Anjana Haines, January 25 2017

Georgia: Georgia and South Korea DTA applies from 2017

Lopatina Irina The provisions of the double tax treaty between Georgia and South Korea apply from January 1 2017.

January 25 2017

Albania: Albanian parliament amends Law on Tax Procedures

Dorina Asllani Ndreka In November 2016, the Albanian parliament approved a large number of changes in one of the main laws regulating the activity of the tax authorities in the country, the Law on Tax Procedures.

January 25 2017

Turkey: Turkey offers tax free repatriation of foreign assets

Burçin Gözlüklü Ramazan Biçer Turkey has declared several tax amnesties over the last decade to collect more revenues. In August 2016, Turkey again introduced another tax amnesty law that principally restructured defined tax debts and certain public receivables.

January 25 2017

Poland: Poland’s major tax changes for 2017

Bartosz Głowacki After years of discussion, Poland started to tax gains of non-residents on real estate companies, i.e. gains on shares, interest in tax transparent partnerships and collective investment vehicle units if at least 50% of assets of that entity consist of Polish real property.

January 25 2017

Brazil: Brazil introduces several new tax measures

Fernando Giacobbo Ruben Gottberg Brazil has recently issued a series of measures that intend to encourage greater taxpayer compliance and ensure domestic rules align with international tax initiatives. Legislation published applies the concept of significant economic activity to Austrian holding companies, amends the rules on the service tax regime, implements CbCR and CRS rules, and introduces a tax regularisation programme.

January 25 2017

More BEPS reforms to come in New Zealand

The New Zealand government has released a cabinet paper, prepared by the Ministers of Finance and Revenue, recommending further reforms to address base erosion and profit shifting.

January 25 2017

Australia’s initial approach to the OECD BEPS Multilateral Instrument

Following the release of the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) on November 24 2016, the Australian government has released a consultation paper on the potential impacts of Australia becoming party to the MLI.

January 25 2017

Argentina and UAE sign double tax treaty

The tax treatment of transactions between Argentina and the UAE will change after the two nations signed a new agreement for the avoidance of double taxation (DTA).

January 25 2017

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