Dbriefs Bytes

22 May 2015

Dbriefs Bytes brings you a weekly summary of the significant international tax developments impacting Asia Pacific. This video is broadcast every Friday afternoon. Stay tuned!  Dbriefs Bytes is presented by Steve Towers, Asia Pacific Leader - International Tax

22 May 2015

1. BEPS: Action 7 (PE Status) (00:25)

1.1 Agency PE: Article 5(5)

  • Option B

1.2 Agency PE: Article 5(6)

1.3 Exceptions in Article 5(4): preparatory or auxiliary character

  • Option E
  • "At the disposal" test under Article 5(1)

1.4 Exceptions in Article 5(4): anti-fragmentation

  • Option J

1.5 Article 5(3): splitting-up of contracts

  • Option L

1.6 Insurance

  • Option N

1.7 Attribution of profits

  • For a copy of the revised discussion draft, click here, and our Tax Alert on this topic, click here


2. BEPS: other developments (31:00)

  • Bob Stack (U.S. Treasury): Action 3
  • Indian case: Baker Hughes
  • Revised discussion draft on Action 6: scheduled today


3. China: Bulletin 16 (32:52)

  • Possible conflict between Bulletin 16 and BEPS Action 8
  • For a copy of our Tax Alert on Bulletin 16, click here
  • For information: Vicky Wang (Shanghai) or Ye Hong (Shanghai)


4. In brief (36:52)

4.1 Treaties

  • For a copy of the five draft provisions for the U.S. model treaty, and the accompanying technical explanation,

– Click here for proposed Treaty Rule Addressing So-Called “Exempt Permanent Establishments”

– Click here for proposed Treasury Rules Addressing Payment by “Expatriated Entities”

– Click here for proposed Treaty Rules Addressing “Special Tax Regimes”

– Click here for proposed Limitation on Benefits Article

– Click here for proposed Article Addressing Subsequent Changes in Law

4.2 New Zealand Budget

  • For a copy of our Budget Alert, click here
  • For information: Teresa Farac (Auckland)

4.3 Korea

  • For a copy of the two documents (concerning VAT and APAs), click here and here
  • For information: Gyung Ho Kim (Seoul) or Sunny Kim (Seoul)

4.4 India

  • For a copy of the draft rules (concerning the use of a range of comparables and multiple year data), click here
  • For information: Anis Chakravarty (Mumbai)

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