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Ireland updates its international tax strategy

Ireland's annual budget statement was announced by the Minister of Finance on October 11 2016. The minister confirmed Ireland's commitment to the 12.5% corporation tax rate (a statement which has become a staple in recent budgets) and also confirmed that "nobody is asking for it to be changed".

October 26 2016

Canada: Canada introduces draft legislation to broaden back-to-back rules to character substitution transactions

The 2016 Canadian federal budget proposed to significantly broaden certain rules aimed at preventing the use of back-to-back (BTB) loans to circumvent Canadian tax rules governing the withholding tax treatment of interest payments made in relation to certain transactions involving intermediaries and non-arm's length non-residents.

October 26 2016

Romania: Romanian individual tax residency position

The enactment of the Romanian Fiscal Code in January 2016 brought significant changes to an individual's tax residency position. For the first ever time, the Romanian legal framework provides for a 'split year' residency.

October 26 2016

Spain: Potential recovery of Spanish energy taxes

Taxpayers may be able to recover several years of paid energy taxes under a long-awaited opinion from the Supreme Court on whether certain taxes are constitutional.

October 26 2016

Serbia: Kazakhstan Senate approves DTA with Serbia

The agreement for the avoidance of double taxation (DTA) between Serbia and Kazakhstan was signed on August 28 2015 in Astana, and has since been approved through diplomatic channels by both parties.

October 26 2016

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

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