ITR Search | International Tax Review

Final phase of China VAT reform to be implemented

China’s Premier Li Keqiang announced during the fourth session of the 12th National People's Congress on March 5 2016 that the final phase of the country’s value added tax (VAT) reform will be rolled out starting from May 1 2016. From that date, property developers, and construction, financial and consumer services will fall within the scope of VAT and the reform project will be complete.

March 10 2016

Ruling impacts collective investment undertakings from third-party countries

Sponsored by EY Mexico

Depreciation of Mexican peso vs US dollar - income tax considerations

EY Mexico analyse income tax considerations related to the foreign exchange effect of the Mexican Peso versus the US Dollar, looking at non-monetary assets, deferred taxes and the impact in the effective tax rate under US-GAAP, IFRS or Mexican Financial Reporting Standards.

March 10 2016

Key takeaways from the revised US tax treaty model

The revised US tax treaty model, which is the baseline text used by the US for treaty negotiations, places special consideration on bilateral treaties, as well as adding a number of benefits for cross-border transactions.

Amelia Schwanke, March 09 2016

PoEM – Changing the Indian tax landscape

Pinky Mehta, CFO of Aditya Birla Nuvo Limited and Rajeshree Sabnavis, partner at BMR & Associates, analyse recent developments around the constitution of a place of effective management (PoEM) in India, looking at how these developments tie in with global discussions on the theme of substance-over-form.

March 09 2016

Switzerland delays revised VAT Act

Laurent Lattmann and Patrick Imgrüth of Tax Partner AG – Taxand Switzerland outline proposed changes to the Swiss VAT Act, assess developments in the aviation industry and look at why implementation of the revised Act has been delayed.

March 09 2016

India GST – Still alive despite lack of Budget prominence

While GST did not feature prominently in the February 29 Indian Budget, in a personal view Abhishek Shah explains why the prospects for GST have not diminished.

March 09 2016

Cyprus: Reduced withholding tax rate on dividends from Russia to Cyprus

Christiana Nicolaou On October 9 2015, the Russian Ministry of Finance (MoF) issued Letter No. 03-08-13/57909 to provide further clarification on the application of the reduced withholding tax rate on dividends in accordance with article 10 of the double tax treaty between Russia and Cyprus.

March 09 2016

State and local cooperation key to success of Chinese reform

The Chinese government published the long-awaited “Blueprint for Deepening the Reform of Collection and Administration Systems of State and Local Tax Administrations” on December 24 2015. In this article, Wang Jun, Commissioner of the State Administration of Taxation (SAT) explains how clarifying the roles and responsibilities of state and local tax administrations will help achieve a better tax system and make taxpayers happier.

March 09 2016

China: China’s 150% super deduction regulation

Khoonming Ho Lewis Lu On December 29 2015, the State Administration of Taxation released Announcement [2015] No 97 (Announcement 97) to provide more detailed implementation standards in respect of Cai Shui [2015] No119 (Circular 119) which is the most important regulatory change to the R&D super deduction in years.

March 09 2016

Chile: Chile’s new (not-so-)thin capitalisation rules

Sandra Benedetto Ignacio Burrull On September 29 2014, Law No. 20.780 was published in the Chilean Official Gazette (2014 Tax Reform), which introduced several modifications to the Chilean taxation system. However, on February 8 2016, Law No. 20.899 was published in the Official Gazette (2016 Tax Reform), which introduced modifications to the 2014 Tax Reform.

March 09 2016

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