International round up | KPMG | QA

International round up

International round up

Every week, KPMG member firms around the world publish updates on developments in their country. In Weekly Tax Matters we’ll highlight a selection that may be of interest to our readers.

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Every week, KPMG member firms around the world publish updates on developments in their country. In Weekly Tax Matters we’ll highlight a selection that may be of interest to our readers

Americas

Canada – The new Government have set out their plans for individual taxpayers, including a reduction in the federal tax rate for ‘middle class’ taxpayers and an increase in the tax rate for those earning over CND$200,000.

Brazil – The tax authorities have announced new deadlines for certain information filings by corporate taxpayers for 2015.  

Asia Pacific

Australia – A number of legislative actions have been concluded by Parliament,including measures on multinational anti-avoidance, country by country reporting,public disclosure, and transparency.

Vietnam – Guidance has been issued on corporate income tax incentives and investment projects. 

Europe

EU - the European Commission has announced it is opening in-depth investigations into certain tax rulings granted by Luxembourg. 

Sweden – Recent changes to the tax law have been made to incorporate anti-avoidance provisions from the EU Parent/Subsidiary Directive. 

Belgium – Guidance has been issued on the VAT treatment of mixed use business assets. 

Netherlands – KPMG in the Netherlands have provided an update on the status of tax legislation for 2016. 

Austria - Changes to Austrian GAAP, effective 31 December 2015, require all businesses to recognise unrealised capital gains for all types of fixed and current assets. 

Germany – KPMG in Germany has published the latest edition of German Tax Monthly, covering various recent tax developments. FATCA update The US tax authorities have announced updates to the FAQs on their FATCA webpage. In addition, the Cayman Islands tax authorities have issued guidance relating tothe common reporting standard —scheduled for implementation beginning 1 January 2016.

 

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