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World Wide Tax News - Issue 45

02 October 2017

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

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

In this issue:

  • 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

Please find the below link for further details: