World Wide Tax News – October 2017
02 October 2017
This newsletter summarises recent tax developments of international interest across the world. In this issue:
- INTERNATIONAL: BEPS Update
- AUSTRALIA: Transfer pricing intra group financing case win for Tax Office confirmed and Federal Budget targets foreign investors, foreign workers and banks
- INDIA: Formula 1 racing circuit constituted a fixed place permanent establishment for foreign organiser, and other recent developments
- INDONESIA: New certificate of domicile for Indonesian and foreign tax residents
- JAPAN: Increase of penalty tax rates for voluntary disclosures
- SINGAPORE: Ministry of Finance invites comments on draft income tax (amendment) bill 2017
- BELGIUM: Substantial reform of corporate income tax legislation
- HUNGARY: Competitive tax regime in Hungary with a one-digit corporate tax rate
- ISRAEL: New case law regarding foreign tax credits
- ITALY: Dividends - Italian supreme court sheds some light on the “beneficial owner” concept
- LATVIA: Tax reform finally accepted
- UNITED KINGDOM: Finance bills update
- ARGENTINA: Project to provide for updating the value of company assets
- EGYPT: Income tax and stamp tax amendments
- THE UNITED STATES OF AMERICA: Tax Court rules that foreign partner is not liable for tax on certain gain recognised from the disposition of a partnership interest