World Tax Advisor

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World Tax Advisor

Connecting you globally.

World Tax Advisor is a bulletin of international tax developments written by professionals of the member firms of Deloitte. The newsletter focuses on analyses of cross-border tax developments that reflect the dynamic business environment faced by multinationals. The last issue of each month includes an update of recent tax treaty developments.

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Recent newsletters appear below; for older issues, please email a request to globaltaxpublications@deloitte.com.

13 January 2017

Featured Articles

  • Practical aspects of tax registration by digital services providers under Russia’s new VAT rules

Argentina

  • Changes made to various tax rules

Brazil

  • Grey list status of Austrian holding companies clarified

Germany

  • Deductibility of royalty payments proposed to be restricted
  • CbC reporting, relief from change-in-ownership rules and anti-double dip rule introduced

Greece

  • Voluntary disclosure program introduced

Uruguay

  • Tax incentives for shared services centers expanded

2017 rate changes: A chart summarizes some of the corporate income tax, withholding tax and VAT rate changes that are effective as from 1 January 2017 (unless otherwise noted).

In brief: News in brief from Belgium, Bulgaria, China, Colombia, the EU, France, Ireland, Nigeria and Ukraine.

BEPS corner: Updates on developments in the OECD’s BEPS initiative, including developments from Germany, Indonesia and the OECD.

Global Tax Alerts

  • European Union: CJEU rules on Spanish state aid cases involving amortization of goodwill
  • France: Finance bill 2017 and amended finance bill 2016 passed
  • Italy: Budget law for 2017 passed
  • United States: Final PFIC regulations clarify indirect ownership issue, address Form 8621 annual reporting requirements
  • United States: Final section 367(a)/(d) regulations retroactively prevent tax-free outbound transfers of foreign goodwill and going concern value
  • United States: Final regulations address new reporting obligations for foreign-owned domestic disregarded entities
13 January 2017

Archive

16 December 2016
UK releases draft legislation on rules restricting deductibility of corporate interest expense

25 November 2016
Papua New Guinea taxation of resources/non-resources sectors harmonized, CbC reporting introduced

11 November 2016
Cyprus amends IP regime to introduce OECD nexus approach

28 October 2016
France’s abolition of surtax exemption on tax-consolidated group distributions will not apply retroactively

14 October 2016
European Commission state aid investigation of Gibraltar tax rulings extended

23 September 2016
Egypt introduces new VAT law

9 September 2016
Belgian government plans replacement for patent income deduction

19 August 2016
Georgia to move to distributed profit tax system

22 July 2016
Direct and indirect tax implications of Brexit

24 June 2016
EU CbC reporting directive in effect

10 June 2016
UK launches consultation on tax deductibility of corporate interest expense

27 May 2016
India plugs capital gains exemption loophole under tax treaty with Mauritius

13 May 2016
Australia's tax authorities target cross-border profit-shifting arrangements

22 April 2016
Modernized EU customs rules to enter into effect

8 April 2016
Canada’s 2016-17 federal budget affects back-to-back arrangements

25 March 2016
Analysis of BEPS measures in India’s 2016 budget

11 March 2016
India’s 2016 budget includes BEPS-related measures

26 February 2016
Australia’s new tax treaty with Germany contains BEPS measures

12 February 2016
European Commission releases proposed anti-tax avoidance package

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