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Christiana Nicolaou As the need for tax efficient structures has been magnified with the recent global economic downturn and the increased scrutiny from tax authorities worldwide, companies need to carefully select the jurisdiction they use for implementing such structures, while also being very careful about substance, so as to be able to mitigate any risks and taxes.

Pierre Jean Estagerie Xavier Martinez Aldariz Does Luxembourg need tax amnesty? As with any country that applies a certain level of tax pressure on capital and work income, there are several reasons why taxpayers might omit the declaration of part of their income.

Nadiya Omelchuk On November 30 2015, the Ministry of Finance published a draft Law which includes proposed amendments to the country's tax code. The draft Law was also submitted to the Parliament.

Konstantina Kalakou Recent developments clearly show that the topic of permanent establishment (PE) is high on the Greek tax agenda. As per the practice followed to date by the Greek tax authorities, multinational entities that have a presence in Greece (through a subsidiary) do not often find themselves under the audit microscope provided that the Greek subsidiary has taxable revenues (commonly arising from services that the latter provides to other Group entities). On the other hand, commissionaire structures were scrutinised with the absence of contractual or negotiation authority on behalf of the agent, giving leeway for taxpayers. To this end, a ruling of the Court of Appeal has stated that a Greek agent that has been appointed only for promotion services of the foreign UK entity cannot trigger a PE.

Anna Pushkaryova On April 23 2015 Georgia and Belarus signed an agreement on avoidance of double taxation, prevention of evasion of income and capital taxes (DTT). The DTT applies to profit tax, income tax and property tax in Georgia and the tax on income, tax on profits, income tax on individuals and tax on immovable property in Belarus.

Freddy Karyadi Chaterine Tanuwijaya The Indonesian Ministry of Finance has revealed that Indonesia's net tax revenue for 2015 was only IDR1,055 trillion, about 81.5% of the target set out in the 2015 Budget. Although the figure is an all-time high, it still represents a shortfall compared with budgetary projections.

Paweł Szymański Effective from February 1 2016, Poland is introducing a new law covering a 'financial institutions tax' (FIT) that will be charged on certain kinds of assets of financial institutions operating in Poland.

Bob van der Made On January 11 2016, EU Tax Commissioner Moscovici told Members of the European Parliament that: "2016 should be the year of corporate tax reform and fiscal transparency".

Victor Adegite of KPMG looks at how the Nigerian Federal Inland Revenue Service has incorporated BEPS Project action points into its transfer pricing audit processes.

Dorina Asllani Ndreka The government of Albania has announced a new tax reform which includes the removal of the obligation to pay the simplified income tax for small businesses with annual turnover up to €36,000 (or 5 million ALL).