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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

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

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

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

Spanish Supreme Court anticipates the effects of the BEPS Project

The Supreme Court has ruled that a dependent agent in Spain can constitute a PE of a foreign enterprise. The judgment said that activities have to be considered in the context of a globalised world where tax treaties have to be interpreted with wider international standards on tax.

January 25 2017

Croatia’s tax reform measures enter into force

Croatia's reformed tax system made significant amendments to the VAT Act, including changes to the rates structure and re-categorising certain goods and services.

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

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

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

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