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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

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

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