Nexia Tax Link

Welcome to the September 2018 edition of Tax Link.

Tax Link is a Nexia publication that gives the readers access to the latest
updates from across the globe. The articles were sourced from tax
professionals across the network, who provide insightful country information
on both national and international
developments.
This edition contains 12 articles, that vary from EU – Court declares important
German cross border tax provisions to violate EU-law, US Exporters: FDII
Deduction’s in tax reform’s, Cryptocurrency regulations in India, Poland and
Slovakia, UK VAT consequences of ‘no deal’ Brexit , Tax reform in France to
OECD hybrid mismatch rules in Australia.

Introduction to Tax Link

Welcome to the May 2018 edition of Tax Link.

Tax Link is a Nexia publication that gives the readers access to the latest updates from across the globe. The articles were sourced from tax professionals across the network, who provide insightful country information on both national and international developments.

This edition contains 16 articles, that vary from tax reforms and legislative updates to digital technology changes across the industry. Interesting reads include: Ukraine highlighting the new stabilization measures put in place to improve their economy and Poland’s new ability to block taxpayer’s bank accounts for up to 3 months.

Introduction to Tax Link

Happy New Year and welcome to the first Tax Link of 2018.

This edition’s articles were sourced from a variety of tax professionals from member firms across the network, who provide knowledge and an update on country tax changes and international development.

There are many great articles included in this edition, Australia explains the ‘Tax implications of Foreign Superannuation, Pensions and other Retirement Funds’, Germany presents its ‘Withholding Taxes on Cross-Border Software and Database Licensing’ and Switzerland updates on ‘Tax Proposal 2017’.

Introduction to Tax Link

Welcome to the Autumn edition of Tax Link.

This edition of Tax Link presents articles sourced from Nexia International’s network of tax experts to provide insight into global issues, topics and trends. Due to the nature of the network the articles are diverse and offer current information for discussion and provide knowledge for practice.

With OECD BEPS being an ever trending topic a number of the articles cover the specifics and general views from different country perspectives. The articles see China’s latest effort to incorporate OECD BEPS concepts into its special tax investigation and adjustment procedures, India’s journey in the adoptions of BEPS and the Swiss outlook on transfer pricing and development of BEPS procedures amongst others articles. The UK discusses the updates from the Finance Bill and recent tax updates, whilst the US provides an overview of Trump and taxes.

Once again I must extend a huge thank you to all the contributors and the publication team for their commitment in producing this Tax Link publication. If you would like any further information on the topics in this edition, the contributor’s details are provided for each article and they are happy to give further detail.

Introduction to Tax Link

Welcome to the Spring edition of Tax Link.

This edition is a combination of globally sourced articles contributed by the member firms across the Nexia network, that provide up to date information on areas of the industry that have moved quickly and gained traction with other articles providing a review of national and international legislation, policy change and how it can affect businesses and individuals. The articles in this edition include Australia’s ‘High Court decisions to tax residency of a company’, Swiss relaxation in procedure towards ‘withholding tax’, the United states’ advice to your ‘tax planning toolkit’ and information on ‘Federal reform’.
I must extend a huge thank you to all of the contributors and publication team for their articles and commitment in producing this publication. If you would like any further information on the topics in this edition, the contributor’s details are provided for each article and they are happy to give further detail.

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We have countries trying to attract new investment: Greece, Hong Kong, Russia. Countries trying to curb avoidance: UK (both companies and individuals), Spain (rental properties). Changes to the reporting requirements for Transfer Pricing or country-by-country reporting: China, Singapore and Korea (as well as introducing an exit tax). We have countries going for greater transparency in its economy: Argentina introducing an amnesty to encourage further disclosure, Switzerland introducing automatic exchange of information and greater transparency and India attempting to curb the cash economy. Finally, we have Australia revising some of its cross-border GST provisions.

This issue is a mix of opportunities and warnings, both of which should make for interesting reading.

At a time when the world is focussed on the outcome of the OECD Base Erosion Profit Shifting action plan, it is good to know that countries are still hoping to attract investors through a favourable tax regime. Here we have guidance on opportunities for clients and contacts interested in investing in Switzerland, Hungary, Tanzania, Indonesia, Cyprus and Jordan. But we also have warnings, whether it be general anti-avoidance in Poland, China and Singapore or specific new documentation requirements for multinationals in Japan. As will be seen from Spain, sometimes it is not the law which is changing but how the law is interpreted by the courts. As ever, investors need to be aware of what is happening in these countries.

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• Argentina New Exchange and Tax Regulations to encourage Investment
• Australia New Rules for Foreign Investors Selling Property in Australia
• China China Updates Tax Regulations for Cross-Border E-Commerce
• Cyprus New tax law amendments – Enhancing Cyprus’ corporate and personal tax competitiveness
• Germany Treaty Override Allowed by German Constitutional Law
• Hong Kong Hong Kong Budget 2016/17
• India Patent Box Regime in India
• Italy New provisions on permanent establishment: Full alignment with OECD standards
• Luxembourg Is Luxembourg still attractive under the increased substance requirements, remaining compliant under BEPS/OECD?
• Malaysia Malaysian Goods and Services Tax – 1 Year Later
• Malta Recent amendments to the Aircraft Leasing Guidelines in Malta
• Romania Transfer pricing documentation – changes in law and tax audit practice
• Singapore Common Reporting Standard
• South Africa Another tax amnesty for South Africa
• Switzerland Change of status for companies with tax privileges
• Tunisia New Investment Code: Export? Don’t know!
• Ukraine Legislative Measures in Order to Stabilize and Improve Current Economic Situation

• China New rules for indirect transfers by offshore parties (Controversial SAT circular 698 updated)
• Denmark Denmark introduces anti-avoidance rules
• Hungary Efficient tools of the Hungarian tax authority
• India Union budget 2015 – venturing India into the global economy
• Mauritius Global Business Incentives and BEPS
• Poland New regulation related to the thin capitalization restrictions in Poland
• Singapore Myanmar: The golden land beckons – a Singapore perspective
• Switzerland Transfer pricing in Switzerland – some general aspects
• United Kingdom Diverted profits tax

• Australia Purchasing Australian assets from a non-resident: changes coming – care needed
• China GAAR, Transfer Pricing and BEPS update
• Korea Spend more or you’ll be taxed
• Malta Taxation of trusts in Malta
• Russia Changes in the taxation of foreign organizations
• Singapore Winds of change on the horizon – Are you prepared?
• Spain Tax deduction for financial goodwill on purchases of foreign companies
• UK Welmory Sp. Z.o.o. Case C-605/12
• Ukraine New law on the disclosure of information re ultimate beneficiaries in Ukraine