Nexia Tax Link May 2018

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 sta­bi­li­sa­tion mea­su­res put in place to im­prove their eco­nomy and Po­land’s new abi­lity to block tax­payer’s bank ac­counts for up to 3 months.

CON­TENTS:

• Aus­tra­lia - BEPS - The Aus­tra­lian re­sponse: OECD but with a twist...
• Aus­tra­lia - For­eign re­si­dent ca­pi­tal gains tax up­date
  
• Bra­zil - What you and your com­pany need to know about BA­CEN Re­turns?
• In­dia - Bud­get amend­ments 2018
• In­dia - Ta­xa­tion of di­gi­tal eco­nomy – In­dia leads the way!
• Malta - The Eu­ro­pean Com­mis­sion ap­pro­ves the Mal­tese ton­nage tax scheme
• Po­land - Po­lish tax aut­ho­ri­ties will be en­tit­led to block tax­pay­ers’ bank ac­counts – in­tro­duc­tion of so cal­led STIR in Po­land
• Slova­kia - Po­si­tive and ne­ga­tive ef­fects from the 2018 tax chan­ges in Slova­kia
• Swe­den - Swe­den lo­wers its cor­po­rate in­come tax
  
• Swit­zer­land - Up­date on tax pro­po­sal 17
• Tu­ni­sia - Cor­po­rate in­come tax in­cen­ti­ves in Tu­ni­sia: in­ter­pre­ta­tion is­sue as re­la­ted to the In­ter­na­tio­nal trade com­pa­nies
• Tur­key - Elec­tro­nic ser­vice pro­vi­ders have to be tax­pay­ers in Tur­key
• Ukraine - Le­gis­la­tive mea­su­res in or­der to sta­bi­lize and im­prove cur­rent eco­no­mic si­tua­tion
• United King­dom - Ma­king tax di­gi­tal
  
• United Sta­tes - IRS pro­vi­des gui­dance on sec­tion 965 tran­si­tion tax
• United Sta­tes - Tax re­form com­pli­ca­tes things for for­eign part­ners in US busi­nes­ses