international tax news. edition 51 may 2017 - pwc · international tax news is a monthly...
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International
Edition 51May 2017
Welcome
international tax developments worldwide
companies. International Tax News is a monthly
world, authored by specialists in PwC’s global
Shi-Chieh ‘Suchi’ Lee
Global Leader International Tax Services Network
T: +1 646 471 5315
Tax Legislation Tax Administration
and Case Law
Previous
issues
In this issueSubscriptionProposed Tax
Legislative Changes
Brazil
Brazilian tax authorities issue
on non-resident capital gains upon substitution of shares
China
tax regulationstax on corporations
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Tax Administration and Case LawTax legislation Proposed Tax Legislative Changes
Tax Legislation Tax Administration
and Case Law
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issues
In this issueSubscriptionProposed Tax
Legislative Changes
Brazil
United Kingdom
The UK Finance Bill 2017
Brazil
Disclosure of Brazilian tax rulings under the
information exchange mechanism
Brazil
Brazilian tax authorities issue tax ruling
China
China issues administrative measures for
Special Tax Investigation Adjustments and
Mutual Agreement Procedures
Costa Rica
Costa Rica imposes new annual tax
Hong Kong
Bill on expanding the list of reportable
jurisdictions for AEoI purposes
United Kingdom
UK government triggers mechanism for
leaving the European Union
Canada
2017 Canadian Federal Budget
Brazil
Brazilian tax authorities release guidance
related to the triggering event for withholding
tax and other transactional taxes imposed
on the importation of services
United States
President Trump’s executive order to review
tax regulations
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Brazil
On December 29, 2016, the Brazilian tax authorities issued Normative Instruction (NI) 1,684/2016, which
PwC observation:
Fernando Giacobbo
São Paulo
T: +55 11 3674 2582
Ruben Gottberg
São Paulo
T: +55 11 3674 6518
Tax Administration
and Case Law
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issues
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Legislative Changes
Tax Legislation
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Brazil
by its Portuguese acronym) issued tax ruling 88/2017
Ruben Gottberg
São Paulo
T: +55 11 3674 6518
Fernando Giacobbo
São Paulo
T: +55 11 3674 2582
PwC observation:
Tax Administration and Case Law
Previous issues
In this issueSubscriptionProposed Tax Legislative Changes
Tax Legislation
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China
Adjustments and Mutual Agreement Procedures (MAP)(SAT Public Notice [2017] No.6, Public Notice 6) to
tax adjustments, and other relevant issues. Public Notice 6
Notice 6 include:
Encouraging enterprises to conduct risk assessment and self-adjustments
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PwC observation:
Matthew Mui
China
T: +86 10 6533 3028
Tax Administration
and Case Law
Previous
issues
In this issueSubscriptionProposed Tax
Legislative Changes
Tax Legislation
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Costa Rica
PwC observation:
John Salerno
PwC US
T: +1 203 539 5733
Jose Leiman
PwC US
T: +1 305 381 7616
Carlos Barrantes
PwC Costa Rica
T: +506 2224 1555
Tax Administration
and Case Law
Previous
issues
In this issueSubscriptionProposed Tax
Legislative Changes
Tax Legislation
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was gazetted on March 24, 2017.
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PwC observation:
Fergus WT Wong
Hong Kong
T: +852 2289 5818
Tax Administration
and Case Law
Previous
issues
In this issueSubscriptionProposed Tax
Legislative Changes
Tax Legislation
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Canada
Kara Ann Selby
18 York St., Toronto, ON
T: +1 416 869 2372
Maria Lopes
18 York St., Toronto, ON
T: +1 416 365 2793
PwC observation:
Tax Legislation Tax Administration and Case Law
Previous issues
In this issueSubscriptionProposed Tax Legislative Changes
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Robin G Palmer
London, Embankment Place
T: +44 20 7213 5696
Sara-Jane Tovey
London, Embankment Place
T: +44 20 7212 2507
by the UK government on March 20, 2017,
Exchequer presented his Spring Budget to Parliament on March 8, 2017. The bill is now progressing through the various stages
it is expected to receive royal assent in the
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PwC observation:
The UK Prime Minister, Theresa May, triggered the withdrawal process (under
Paper was issued by the UK government the
intends to convert the ‘acquis’ (i.e. the body
European Communities Act 1972 is repealed so generally the same rules and UK laws will
The UK Parliament will subsequently
scrutiny and proper debate.
PwC observation:
Panny Loucas
London, Embankment Place
T: +44 207 804 0365
Tax Legislation Tax Administration
and Case Law
Previous
issues
In this issueSubscriptionProposed Tax
Legislative Changes
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acronym) issued Normative Instruction (NI) n. 1,689
Brazil
PwC observation:
Fernando Giacobbo
São Paulo
T: +55 11 3674 2582
Ruben Gottberg
São Paulo
T: +55 11 3674 6518
Tax Legislation Previous
issues
In this issueSubscriptionProposed Tax
Legislative Changes
Tax Administration
and Case Law
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Brazil
On March 22, 2017 the Brazilian tax authorities
the income becomes economically or legally available to
PwC observation:
Fernando Giacobbo
São Paulo
T: +55 11 3674 2582
Mark Conomy
São Paulo
T: +55 11 3674 2519
Tax Legislation Previous
issues
In this issueSubscriptionProposed Tax
Legislative Changes
Tax Administration
and Case Law
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President Trump signed an executive order on April
United States taxpayers, add undue complexity to the
and proposed and temporary regulations under section
instruments between related parties are treated as debt or equity and regulations under Section 7874 would reduce
PwC observation:
Andrew Prior
Washington, DC
T: +1 202 414 4572
Tax Legislation Previous
issues
In this issueSubscriptionProposed Tax
Legislative Changes
Tax Administration
and Case Law
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Shi-Chieh ‘Suchi’ Lee
T: +1 646 471 5315 E: [email protected]
Geoff Jacobi
T: +1 202 414 1390E: [email protected]
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This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.
Design Services 30663 (05/17).
Tax Legislation Tax Administration
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Worldwide Tax Summaries: Corporate taxes 2016/17
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