World Wide Tax News - Issue 45

BDO International has published a newsletter in relation to World Wide Tax.

This newsletter summarises recent tax developments of international interest across the world.

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

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