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Australia: Australia increases focus on MNE tax avoidance and BEPS initiatives

Recent announcements by the Australian Taxation Office (ATO), including statements by two senior ATO officers, confirm the significant focus on multinational tax avoidance and BEPS-related initiatives by the ATO and more broadly by the Australian government.

October 26 2016

Poland planning significant VAT changes in 2017

Serious amendments to Poland's VAT Law are likely to be implemented on January 1 2017. The modifications are mostly aimed at preventing tax fraud and increasing tax collection.

October 26 2016

Chile: Tax treatment for cloud computing services provided without a license

In June 2016, the Chilean tax authority (IRS) issued a private ruling for the first time regarding payments for the provision of cloud computing services that are not offered by granting a license.

October 26 2016

Croatia: Croatian transfer pricing regulations

Although Croatia is not an OECD member country, the provisions of the relevant Croatian tax legislation are generally based on the OECD Transfer Pricing (TP) Guidelines.

October 26 2016

Malta: Release of the 2017 budget

The main theme of the Malta's 2017 budget, from a commercial perspective, is to incentivise the markets, boost business creation and attract foreign direct investment. At the core of the budget document are a number of tax measures and incentives.

October 26 2016

China: China’s recent measures to comply with BEPS, CRS and the New Silk Road

Recent months have seen a range of significant new pieces of Chinese tax guidance issued by the State Administration of Taxation (SAT) as well as new international agreements entered into by China. Collectively, these are indicative of some of the key policy trends in Chinese taxation.

October 26 2016

Germany: CJEU asked to rule on German anti-treaty shopping rule

The Tax Court of Cologne (Case ref. 2 K 2995/12) has referred the German anti-treaty shopping rule to the Court of Justice of the European Union (CJEU) to determine whether it complies with the fundamental freedoms of the EU and the Parent-Subsidiary Directive.

October 26 2016

Cyprus: Cyprus and Latvia sign DTA

The details of the first agreement for the avoidance of double taxation (DTA) between Cyprus and Latvia became available in August 2016, providing information on the various applicable tax rates.

October 26 2016

US regulations crack down on earnings stripping

The US Treasury and Internal Revenue Service have finalised earnings stripping regulations that reduce the benefit of corporate inversions and limit the ability of companies to lower tax bills through transactions involving debt that does not support new US investment. The regulations also require large companies claiming interest deductions to document loans to and from affiliates.

Anjana Haines, October 26 2016

Businesses rush to prepare for UAE VAT

The United Arab Emirates is on target to implement its VAT regime on January 1 2018, but with the final VAT Law yet to be published, businesses face a tight deadline to make sure they have the tools to comply with the new system.

Anjana Haines, October 26 2016

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