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Two important judgments on tax matters have been pronounced recently by the Supreme Court.

Chile’s tax reform, within its latest and more important updates, incorporated a general anti-avoidance regulation through which it established that the tax obligations can be enforced according to the legal nature of the facts, acts, or business, without attending to their form, denomination or to the defects that could affect them.

Barbara Scampuddu Gian Luca Nieddu The Italian tax authorities have issued a resolution that should help multinationals selling goods and services into Italy, or using the country for storage or distribution.

Draft rules on capital gains exemption for listed shares released

On March 22 2017, the Brazilian tax authorities (RFB) published Solução de Consulta No. 153/2017 (SC 153/2017).

The Egyptian President Abdel Fatah El Sisi issued Presidential Decree No. 155 of 2016 on February 23 2017, ratifying the double tax treaty concluded between Egypt and Kuwait on December 16 2014.

Taxpayers must comply with the rules to qualify for the credit.

After several twists and turns over the past decade, the introduction of goods and services tax (GST) in India is in the final leg of its journey.

India's annual budget for 2017-18 was announced on February 1 2017.