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.

16 December 2016

Featured Articles

  • UK releases draft legislation on rules restricting deductibility of corporate interest expense

Austria

  • CbC reporting notification due by end of 2016

Brazil

  • Consultations launched on ruling exchanges and CRS

Ireland

  • Tax authorities issue more updated guidance on CbC reporting

Italy

  • Tax court decisions cast doubt on compatibility of participation exemption regime with EU law

Poland

  • Changes to corporate income tax rules target tax avoidance/evasion

Saudi Arabia

  • Changes made to taxation of listed companies

Spain

  • New VAT reporting requirements introduced

United Kingdom

  • Draft legislation released on reform to substantial shareholder exemption

In brief: News in brief from Germany, Hungary, Malaysia, Mexico, Panama and Slovenia.

BEPS corner: Updates on developments in the OECD’s BEPS initiative, including developments from Austria, Brazil, Germany, Ireland, the OECD, Switzerland and the UK.

Tax treaty round up: Tax treaty developments in Argentina, Australia, Canada, Cyprus, Germany, Greece, Hong Kong, Hungary, Iceland, India, Korea, Poland, Portugal, Romania, Russia, Singapore, Switzerland, Taiwan, the UK, the US and Uruguay.

Global Tax Alerts

  • Australia: Draft legislation issued on diverted profits tax
  • OECD: OECD issues additional guidance on CbC reporting
  • OECD: BEPS action 15: Final text of multilateral instrument released
  • Spain: Measures introduced to raise corporate income tax revenue and tackle VAT fraud
  • United Kingdom: Autumn Statement 2016 delivered
  • United States: New section 987 regulations: Key considerations and observations
  • United States: Temporary and proposed regulations address covered asset acquisitions under section 901(m)
  • United States: Triangular reorganizations involving foreign corporations and inbound nonrecognition transactions
16 December 2016

Archive

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

22 January 2016
Russian government releases draft law introducing VAT on e-services

8 January 2016
French finance laws adopted

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