• World Wide Tax News - Issue 43

World Wide Tax News - Issue 43

10 February 2017

This newsletter summarises recent tax developments of international interest across the world. In this issue:

  • INTERNATIONAL: BEPS multilateral instrument
  • AUSTRALIA: Diverted Profits Tax
  • HONG KONG: New corporate treasury centre regime
  • INDIA: Declaration of Cyprus as notified jurisdictional area rescinded / Demonetisation – the tax impact / Clarifications of General Anti-Avoidance Rules (GAAR)
  • SINGAPORE: New protocol to Singapore-India tax treaty
  • SRI LANKA: 2017 fiscal budget pronouncements
  • ALGERIA: Financial law for 2017 - main tax measures
  • AZERBAIJAN: Significant amendments to tax legislation
  • EUROPEAN UNION: Common (Consolidated) Corporate Tax Base – relaunched proposals
  • FRANCE: Progressive corporate income tax rate reduction
  • ISRAEL: Clarification of requirement to report the adoption of a position that contradicts the tax authorities’ position
  • LATIA: Tax system reform
  • LUXEMBOURG: New rules for intra-group financing
  • NETHERLANDS: Corporate income tax rates for forthcoming years / Supreme Court participation exemption ruling
  • ROMANIA: Corporate tax relief for companies’ research and development activities
  • SPAIN: Tax measures for 2017
  • SWITZERLAND: Swiss withholding tax: interest charge for late notifications of declarations
  • UNITED KINGDOM: Proposed corporation tax changes
  • BRAZIL: Tax regularisation programme (PRT)
  • UNITED STATES: Foreign owned domestic disregarded entities: final regulations