World Wide Tax News - Issue 47
30 abril 2018
This newsletter summarises recent tax developments of international interest across the world. In this issue:
- INDIA: Budget 2018
- AUSTRALIA: International tax developments in Australia signal focus on cross border activity
- HONG KONG: 2018/19 Budget highlights
- SINGAPORE: Innovation tax incentives enhanced
- SRI LANKA: Changes to withholding tax on cross border payments / Changes to outward remittances made by commercial banks and authorised dealers
- THE EUROPEAN UNION: Agreement on mandatory disclosure of tax information about potentially aggressive tax planning arrangements with cross-border implications / European Commission publishes the non-confidential decision in the Amazon state aid case
- HUNGARY: Hungary’s reactions to the BEPS provision
- ISRAEL: Taxation of cryptocurrencies
- ITALY: Restyling of the Italian permanent establishment concept / Cooperative compliance programme
- MOLDOVA: New single tax for residents of Moldovan IT parks
- THE NETHERLANDS: CJEU decides that the Netherlands should allow the ‘per element approach’ in relation to the Dutch fiscal unity regime / Further Dutch government explanation on future Dutch withholding tax on dividends, royalties and interest
- POLAND: The most important corporate income tax and VAT changes in Poland in 2018
- SERBIA: Newly published rulebooks on arm’s length interest rates and services subject to Serbian withholding tax
- SPAIN: Recent developments
- UNITED KINGDOM: New withholding tax for certain intangibles related payments / Corporate criminal offence: New UK anti-evasion legislation that affects companies and partnerships worldwide
- ARGENTINA: Tax reform regarding direct taxes and tax procedural law
- PANAMA: Court ruling on application of double tax treaty provisions on dividend distributions and the concept of beneficial owners
- CANADA: Voluntary Disclosures Program conditions tightened
- UNITED STATES: US TAX REFORM – Implications for foreign entities with a US footprint
- SOUTH AFRICA: Budget 2018 – Tax proposals