ITR Search | International Tax Review

Indonesia: Indonesia updates Asian treaty network; issues foreign customers’ exchange of information for financial institutions

Freddy Karyadi Chaterine Tanuwijaya The Government of Indonesia, through Presidential Regulation No. 5 of 2016 effective January 12 2016, has ratified the 'Protocol to the Agreement for the Government of the Republic of Indonesia and the Government of the People's Republic of China for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income' (Indonesia – China DTA).

March 09 2016

Germany: German Federal Tax Court questions constitutionality of interest deduction limitation rule

Alexander Linn Thorsten Braun Germany's Federal Tax Court (BFH) referred a case to the Federal Constitutional Court (BVerfG) on February 10 2016 requesting a ruling on whether the interest deduction limitation rule violates the constitution (case ref. I R 20/15).

March 09 2016

Brazil: Brazil introduces regularisation programme for certain assets held abroad

Alvaro Pereira Gileno Barreto On January 14, Law n. 13.254/2016 was published establishing the Special Regime of Taxation and Foreign Currency Regularisation (RERCT).

March 09 2016

Albania: Albania and Morocco sign tax treaty

Dorina Ndreka Albania and the Kingdom of Morocco preliminarily agreed on the need for an agreement on the avoidance of double taxation (DTA) back in 2012 when treaty negotiations commenced. The willingness to conclude such an agreement was reiterated in October 2014 during Albanian parliamentary officials' visit to Morocco. The treaty was finally signed during the visit of the Albanian Minister of Foreign Affairs to Morocco in October 2015.

March 09 2016

Italy: Italy enhances IP regime and introduces grandfathering period for trademarks

Aurelio Massimiano Nicola Saccardo Law No. 208 of December 28 2015 (Stability Law 2016) has further improved the Italian patent box regime, which was introduced a year earlier by the Law No. 190 of December 23 2014.

March 09 2016

Luxembourg: Luxembourg and the new face of the Russian tax realm

Henri Prijot Anastasia Pakhomova The Russian 'de-offshorisation' campaign entered into action on January 1, 2015 and the increased focus on bringing capital back home has already resulted in an increased administrative and compliance burden for taxpayers, and additional tax liabilities are to follow.

March 09 2016

New Zealand: New Zealand continues tax administration reform

Tim Stewart The New Zealand Government has continued its consultation on the simplification and modernisation of New Zealand's tax administration system by releasing the discussion document 'Making Tax Simpler – Towards a New Tax Administration Act' (discussion document (DD)).

March 09 2016

FYR Macedonia: FYR Macedonia and Israel sign tax treaty

Elena Kostovska On December 9 2015, FYR Macedonian Government representatives signed a double tax treaty (DTT) with Israeli officials in Jerusalem.

March 09 2016

Spain: Control of state aid in Canary Islands investments

Antonio Viñuela Llanos César Acosta Criado The Canary Islands economic and tax regime (REF), which we have mentioned in past collaborations in reference to the tax advantages of investing into, and from, the Canary Islands, has been recognised in the Spanish Constitution and by the European Union (EU), which has authorised the REF in accordance with Community Law, considering the tax incentives of the REF as state aid.

March 09 2016

The tax transactional survey 2016

International Tax Review analyses global M&A trends from the past year and highlights the leading firms for tax transactional advice by jurisdiction.

March 09 2016

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