• World Wide Tax News - Issue 47

World Wide Tax News - Issue 47

27 April 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