News Luxembourg government coalition agreement includes CIT rate reduction, other tax measures
Brazil: Access to mutual agreement procedure expanded
Colombia: Guidance issued on procedure for filing CbC report
Costa Rica: New law makes broad changes to corporate tax rules, introduces VAT
Finland: Corporate income tax proposals would affect LLCs, group contribution regime
Malaysia: Social security coverage extended to foreign workers, including expatriates
Malta: Guidelines on tax treatment of distributed ledger technology assets issued

World Tax Advisor 7 December 2018

Barbados IBC and ISRL regimes to be abolished and no new licenses to be granted
Malaysia tax bills include BEPS measures, some Budget 2019 measures
Australia: Draft compliance guidelines on inbound distribution arrangements issued
Bahrain: MOF provides update on VAT implementation
China: Requirements for foreign investors to benefit from deferral of dividend WHT relaxed
Germany: Finance ministers of federals states reach agreement on tightening of RETT rules
India: ITAT rules on proof of residence for salary exemption for work performed overseas
Sweden: Parliament adopts proposal to amend CFC legislation

World Tax Advisor 23 November 2018

Switzerland’s FTA announces no new principal company, finance branch rulings as from 1 January 2019
Belgium: Draft transfer pricing circular issued
Malaysia: Budget 2019 includes rate reductions, service tax on imported services
OECD: Update on preferential regime reviews and new standard on substantial activities
Panama: Multinational headquarters regime amended in line with BEPS action 5
Papua New Guinea: Tax measures in 2019 budget include changes to loss carryforward rules
South Africa: 2018 tax amendment bill includes changes to anti-dividend stripping rules

European Commission releases detailed proposal for definitive VAT system
Denmark: Proposed changes would bring thin capitalization rules in line with CJEU decision
France: Courts clarify criteria for determining whether permanent establishment exists
Malaysia: GST expected to be replaced with sales and services tax
Singapore: Removal of intellectual property income from existing tax incentives
Thailand: Guidance issued on tax treatment of cryptocurrency
Global tax alerts

New Luxembourg-France tax treaty aligned with 2017 OECD model
China: SAT updates guidance on interpretation of tax treaties
Cyprus: New tax treaty with the UK contains BEPS-related measures
Malaysia: Guidance issued on tax treatment of digital advertising provided by a nonresident
Nigeria: Voluntary disclosure regime extended
Puerto Rico: Draft tax reform bill includes reduction in corporate income tax rate
Sweden: Proposal to restrict deductions of interest expense revised

Mauritius: Verschärfung der Substanzvoraussetzungen zur Erlangung des (steuerlich begünstigten) GBL1 Status
Österreich: VwGH Urteil zum Zeitpunkt der Optionsausübung bei internationalen Schachtelbeteiligungen
Belgien: Fiktiver Zinsabzug auch für ausländische Betriebsstätten und Liegenschaftsvermögen
China: Reform der Registrierungsvorschriften für Unternehmen im (Shanghai) Freihandelszone-Testgebiet
Malaysia: Umsatzsteuerreform im Rahmen des Budgets 2014
Spanien: Neue Wirtschaftsförderungen im Bereich R&D für Klein- und Mittelbetriebe
Großbritannien: Reform des Patent Box-Regimes