December 2016 / January 2017

Main

Global Tax 50 2016

The Brockman brief: Tax policy: The time to speak is now

Deals of the month

Has Australia rushed the diverted profits tax?

Australia forces four MNEs to pay back tax

Autumn Statement: UK to continue with tax commitments

UK government shaky on Brexit, but HMRC well-organised

India’s Supreme Court rules entry taxes to be constitutional

European Commission unveils VAT rules for e-commerce businesses

EU CCCTB: The potential successes and challenges

Turning tax policy into reality – Global tax transparency goes live

Special features - December 2016

GCC VAT: Initial steps towards implementation

Australia: Australia proposes several legislative changes

Brazil: Withholding tax obligation on the substitution of shares; New rules on documentation for Brazilian non-resident capital gains taxation

Bulgaria: Bulgaria introduces VAT rules on food donations

Canada: Revised draft legislation introduces arm’s length exception to back-to-back rents and royalties rules

Chile: Taxpayers able to obtain credit on income from non-treaty countries

Chile: Chile adopting the Common Reporting Standard

China: Preferential tax treatments for equity incentives

Cyprus: The amended Cyprus IP box regime

EU: European Commission’s public CBCR proposal moves beyond challenges

Hong Kong: BEPS gains momentum in Hong Kong

India: Demonetisation of high currency notes in India

Indonesia: New income tax for REIT schemes enacted

Iran: US Treasury relaxes dollar transaction rules for Iran

Luxembourg: Luxembourg’s transition from the EU Savings Directive to CRS

Macedonia: Macedonia introduces preferential VAT rate to pellet products

Malta: Malta concludes tax treaty with Vietnam

Montenegro: Electronic submission of tax returns becomes mandatory in Montenegro

New Zealand: New Zealand Inland Revenue releases MNE compliance focus document

Romania to introduce EU Anti-Tax Avoidance Directive two years early

Serbia introduces widely-disputed VAT rulebook

Court ruling could facilitate recovery of Spanish municipal capital gains tax payments

Swiss Parliament ends intra-group dividend distributions

Turkey: A new period for tax audits

Tax Relief

Editorial

International updates - December 2016 / January 2017

International Correspondents

Features

New Analysis

Tax Relief

Special Features

Editorial

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India: Demonetisation of high currency notes in India

With almost INR 14 million ($205,000) worth of INR 500 and INR 1,000 notes in circulation, this is so far probably the single biggest effort to root out black money and to curb fake currency and corruption.

Hariharan Gangadharan, December 15, 2016