ITR Search | International Tax Review

India’s renegotiated DTAs creating investment diversions

India’s recent renegotiations of its agreements on the avoidance of double taxation (DTAs) has made fundamental changes to how favoured gateways are used for investing in India. Amelia Schwanke explores the catalysts that initiated the renegotiations and the new treaty structures that have replaced outdated policies.

Amelia Schwanke, January 25 2017

EU to take ‘nuclear option’ on VAT fraud with reverse charge systems

The reverse charge mechanism will offer a temporary fix to tackling the VAT gap The European Commission (EC) plans to take drastic action to tackle the €50 billion ($53 billion) in annual EU cross-border VAT fraud by allowing member states to deviate from the VAT Directive.

Joe Stanley-Smith, January 25 2017

Cyprus: Cyprus’ commitment to the MCAA on CbCR

Alena Malaya Development and global implementation of the OECD's BEPS Action Plan successfully continued in 2016. The country-by-country reporting (CbCR) initiative under Action 13 of the BEPS initiative has been no exception. As of December 7 2016, 50 jurisdictions had signed the Multilateral Competent Authority Agreement (MCAA) on the automatic exchange of CbC reports.

January 25 2017

Montenegro: Montenegro and Portugal sign DTA

Ivan Petrovic Montenegro has signed double taxation treaties (DTAs) with more than 35 countries, and this number continues to grow.

January 25 2017

Malta committed to EU presidency despite tax haven accusations

Malta will push ahead with its EU presidency agenda despite criticisms Malta is focusing on its presidency of the EU Council, despite claims that the country would not be able to pass the EU's tax haven criteria if it were assessed – an accusation the country's finance minister has dismissed.

Anjana Haines, January 25 2017

Bosnia and Herzegovina: Bosnia and Herzegovina amends rulebook on indirect tax control

Dajana Topic Pursuant to Article 14 of the Law on the Indirect Taxation System in Bosnia and Herzegovina (BiH) (Official Gazette No. 44/03, 52/04, 34/07, 4/08, 49/09 and 32/13), the governing board of the Indirect Taxation Authority (ITA) adopted amendments to the Rulebook on the Limited Control of Indirect Taxes at the 12th session held on September 2 2016.

January 25 2017

Italy’s tax regime for individuals transferring their residence

Individuals transferring their tax residence to Italy may benefit from new tax regimes being introduced. Nicola Saccardo, a partner at Maisto e Associati, explains the changes that apply to high-net worth individuals and skilled employees.

January 25 2017

Canada: CbCR rules implemented in Canada

Dan Jankovic Consistent with the recommendations of Article 13 of the BEPS Project, Canada passed, on December 15 2016, legislation implementing country-by-country reporting (CbCR).

January 25 2017

Special features - February 2017

Read this month's special feature on Italy

January 25 2017

South Africa: South Africa tax amendments become effective in 2017

Dan Foster Significant changes will enter into force in South Africa in 2017 after parliament approved the annual tax amendments in December 2016, some of which are discussed below.

January 25 2017

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