Much has occurred since the UK voted on 23 June 2016 to leave the European Union, but not much has changed.
After various and often tense discussions, the Belgian federal government has reached an agreement on the 2017 budget at the end of last week. Some politically sensitive topics were not included in the 2017 budget and will be dealt with during the coming months.
Taxand South Africa advises on global transfer pricing (TP) risk management. The realities of the business environment in which multinational groups operate today consist of a shrinking domestic market and an ongoing pressure to reduce costs.
On 12 October 2016, Finance Minister Gramegna presented the draft law on the 2017 budget. Taxand Luxembourg takes a look at the recent amendments.
On 30 September 2016, the US Treasury Department (Treasury) delivered a package containing the regulations under IRC Section 385 to the Office of Management and Budget (OMB) for review by the Office of Information and Regulatory Affairs (OIRA). This is likely the final step before these regulat
Taxand Germany explains the new interest deduction ban on inbound acquisition structures. When an inbound acquisition is financed, interest expenses can sometimes be deducted twice.
Taxand Cyprus explains the recent legislasive changes in the real estate market. Every owner is liable for the payment of immovable property tax for all immovable properties situated in Cyprus and registered in the owner’s name on 1 January of each year.
On 30 September 2016, the Luxembourg VAT authorities released the long-awaited Circular on the VAT treatment applicable to directors' fees. Taxand Luxembourg investigates further. The Circular confirms that directors' services constitute an economic activity and indicates the
On 20 September 2016, the Dutch government presented the Tax Plan 2017. Taxand Netherlands lists the key changes which are expected to be introduced for corporate tax, dividend tax, wage tax and value added tax. 1. CORPORATE INCOME TAX 1.1.
Taxand Brazil provides recent highlights regarding legislation from August 2016. Decree 8.842/2016, which promulgates the text of the Convention on Mutual Assistance in Tax Matters, was published in the Federal Gazette (Diário Oficial da União) on 30 August 2016.
The Davis Tax Committee’s (DTC) first interim report was released in July 2015 (the First Report) and made various significant recommendations to the Minister of Finance regarding (among other topics) the taxation of trusts in South Africa. Taxand South Africa provides an update on t
Taxand Canada explains and advises on the new country-by-country rules. Canada released draft legislative proposals for public comment on 29 July 2016 that would implement the country-by-country reporting requirements for large multinational enterprises.
Taxand USA outlines the background of the Apple case, the potential impact of this case on multinationals, and considerations that in-house tax teams should take into account.
Taxand is delighted to announce it has won the Latin America Indirect Tax Firm of the Year Award at the International Tax Review (ITR) Americas Awards.
Taxand UK provides an overview of the new rules which will apply to in-scope entities for accounting periods commencing on or after the date of royal assent to the Finance Bill 2016 (expected to be in September 2016).
Taxand USA examines the Shea Homes decision, now that the US Court of Appeals has weighed in. On 24 August 2016, the US Court of Appeals affirmed the Tax Court decision in Shea Homes Inc. v. Commissioner, 142 T.C. No. 3 (12 Feb 2014).
First published in BNA Bloomberg Tax Planning International, 31 August 2016. Under EU law, State Aid is defined as an advantage granted by a State and with State resources to some selective companies and leading to a distortion of competition and EU trade.
On 2 August 2016, Treasury released proposed regulations that made Section 2704 considerably more restrictive. Taxand USA presents an overview of this update.
Taxand South Africa explores proposed amendments to the rules dealing with the taxation of employee-based incentive plans. The Draft Taxation Laws Amendment Bill of 2016 was released for public comment on Friday 8 July (the “2016 TLAB”).
On 30 August 2016, Apple was the subject of the European Commission’s most forceful blow in it’s confrontation with multinational enterprises over corporate taxation.
Taxand Poland provides an overview of key tax topics in August 2016. Draft regulation on e – receipts published for consultation Another attempt at supporting innovative activities General reverse charge – a new way of tackling VAT frauds?
First published in Global Tax Weekly, 18 August 2016 The Belgian Parliament has enacted a series of new rules on transfer pricing (TP) documentation, which will have a substantial impact on the substance and format of TP documentation (Program Law of July 1, 2016, published in the Belgian
On 10 July 2015, the Dutch Supreme Court rendered an important verdict regarding the comparability of foreign investment companies with Dutch fiscal investment companies (“fiscale beleggingsinstellingen, or fbi’s”).
Taxand USA outlines the impact of the introduction of CbC into US regulations, and details essential steps that in-house tax teams should be taking now to prepare for the mandatory CbC filing requirements.
After months of discussions, the new General Anti-Avoidance Rule (hereinafter: “GAAR”) came into force on July 15, 2016. Taxand Poland provides an overview.
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