From next week, we’ll be changing the way we report international developments. International round up is being replaced with Week In Tax, which covers tax developments or tax-related items reported each week. As usual, you’ll be able to find the complete collection of TaxNewsFlash here.
Australia – Proposed legislation would amend the application of GST to supplies made by and to non-residents.
China - The scope of application of VAT is being expanded to apply to several sectors that were previously subject to business tax.
Thailand - Foreign companies conducting certain banking and insurance services are no longer required to obtain a ‘foreign business license’ from the Government.
India – The tax authorities have clarified the tax treatment of partnerships under the UK-India tax treaty.
India - New tax guidance on withholding tax and the taxation of surplus on the sale of shares has been issued.
Myanmar – The 2016 Union Tax Law has been passed.
Netherlands - The Supreme Court has ruled that withholding tax should not be imposed on dividends paid to foreign individuals, but that withholding tax on dividends distributed to a foreign company did not breach EU law.
Netherlands - The Supreme Court has issued a decision, concluding that the 150-kilometer criterion in the ‘30 percent ruling’ is not contrary to EU law.
Netherlands - A case concerning VAT deductions currently pending before the Court of Justice of the European Union (CJEU) could have implications for Dutch holding companies.
United States – The US Treasury have responded to Congress on the recent EU state-aid ‘tax ruling’ investigations.
United States – The tax authorities have issued a new practice unit on the residual profit split method.
Australia – A recent report from KPMG in Australia looks at the costs of non-compliance with country-by-country reporting requirements.
Poland – The tax authorities have announced an increased focus on transfer pricing during tax audits.
India – A recent case held that brand-promotion expenses were not an ‘international transaction’ for the arm’s length standard.