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Asia-Pacific
Hong Kong, Ireland agree to automatic exchange of information for tax purposes
Hong Kong and Ireland on June 8 signed an agreement for the automatic exchange of financial account information in tax matters beginning 2018, the Hong Kong government . . .
Asia-Pacific
Americas
Hong Kong signs AEOI pacts with Belgium, Canada, Guernsey, Italy, Mexico and Netherlands
Hong Kong signed treaties with six countries on March 16 for the automatic exchange of financial account information (AEOI) in tax. . .
Europe
Ordinary VAT rate on e-books is valid, European court concludes
Davide Anghileri of the University of Lausanne discusses a March 7 European Court of Justice ruling concluding that the EU VAT directive is valid under EU law even though it excludes electronically-supplied digital books, newspapers, and periodicals from a reduced rate of VAT . . .
Americas
Japan, Panama tax information exchange agreement to enter into force
A tax information exchange agreement between Japan and Panama, signed August 25, 2016, will enter into force on March 12, Japan’s Ministry . . .
Americas
Ukraine, US sign Model 1 FATCA agreement
Ukraine and the US have signed a Model 1 FATCA intergovernmental agreement (IGA) according to an . . .
Europe
Cyprus
Russia, Cyprus postpone tax treaty protocol provision on capital gains
Cyprus’ Ministry of Finance has announced a delay in the application of a 2010 protocol amendment to article 13 of the tax treaty between Russia and Cyprus concerning . . .
Europe
ECJ rules in Spanish goodwill cases, implications for Apple, Fiat, Starbucks State aid cases
Dimitrios Kyriazis, a Doctoral Researcher in Law at the University of Oxford, analyzes the European Court of Justice’s judgment in the so-called Spanish goodwill cases, released December 21, and addresses the ruling’s impact on the Apple, Fiat, Starbucks State aid cases . . .
Asia-Pacific
Taiwan adopts VAT on cross-border electronic services
Taiwan’s Ministry of Finance (MOF) has announced that on December 9 the Legislative Yuan passed a law imposing VAT on supplies of cross-border electronic services made to . . .
Europe
Commission refers France to the EU court over dividend tax credit
The European Commission on December 8 has asked France to comply fully with the ruling in Accor Case (C-310/09) of the Court of Justice of the European Union, writes Davide Anghileri of the University of Lausanne . . .
Asia-Pacific
Switzerland agrees to automatic exchange of information with Israel, New Zealand, San Marino
Switzerland has signed joint declarations on the introduction of automatic exchange of information in tax matters with Israel, New Zealand, and San Marino, writes Davide Anghileri, a researcher at the University of Lausanne . . .
Asia-Pacific
Africa
South Africa: transfer pricing record-keeping rules finalized
Jens Brodbeck, head of ENSafrica’s transfer pricing practice in Cape Town, discusses new South African record-keeping requirements for transfer pricing transactions which became effective October 1 . . .
Africa
UK signs tax treaties with Colombia and Lesotho
The UK’s HM Revenue & Customs has announced that the UK has signed tax treaties . . .
Multinational
Asia-Pacific
Taiwan law imposing VAT on foreign online sales to consumers passes legislative hurdle
Taiwan’s Ministry of Finance (MOF) has announced that on September 22 the executive branch, or Executive Yuan, has passed a proposed law imposing VAT on supplies of cross-border electronic . . .
Europe
Switzerland ratifies multilateral agreement on tax transparency
Switzerland has deposited the instruments of ratification for the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, furthering its effort to promote of tax transparency and combat tax evasion. writes Davide Anghileri, PhD researcher and lecturer at the University of Lausanne . . .
Americas
Italy issues more tax guidance on controlled foreign companies
Davide Anghileri, a PhD researcher and lecturer at the University of Lausanne, discusses guidance issued by the Italian tax authority on September 16 that provides important details on how to determine if Italy’s controlled foreign company (CFC) tax rules will apply . . .
Europe
Americas
Belgium
Americas
Council of the European Union
Europe
UK considers adding secondary adjustment rule to transfer pricing legislation
The United Kingdom’s HM Revenue and Customs on May 26 opened a consultation on a proposal to add a secondary adjustment mechanism . . .
Asia-Pacific
Jersey publishes text of new tax treaty with UAE
The goverment of Jersey has posted on its website the text of its new tax treaty and protocol with the United Arab Emirates. The treaty . . .
Asia-Pacific
Americas
Canada updates procedures for obtaining tax rulings and technical interpretations
The Canada Revenue Agency on April 22 released a new circular describing procedures to obtain an advance income tax ruling . . .
Asia-Pacific
Hong Kong/Latvia tax treaty sets low withholding rates, text available
Hong Kong and Latvia on March 13 signed a tax treaty and protocol in . . .
Asia-Pacific
India and Maldives sign agreements on exchanging tax, airline income
Tax officials from India and Maldives on April 11 signed a tax information exchange agreement (TIEA) and an agreement providing airlines with relief from double taxation, Indian’s Central Board of . . .
Europe
Apple, Google, Fiat, IKEA, McDonald’s reps to be grilled on tax avoidance by EU Parliament committee
Representatives of large multinationals will again defend their companies’ tax avoidance practices before an EU parliamentary committee. This time, Apple, Google, Fiat, IKEA. . .
Belgium
