World Wide Tax News Issue 48 - July 2018

This newsletter summarises recent tax developments of international interest across the world. In this issue:

• AUSTRALIA: More Australian tax for foreign investors
• HONG KONG: First batch of amendments to the proposed transfer pricing regulatory regime and documentation requirements
• INDIA: Recent tax tribunal rulings and a new government notification
• SINGAPORE: Change to basis of assessment for service companies
• BELGIUM: Corporate income tax reform – ATAD implementation – New CFC rules
• ISRAEL: Court rules on appropriate income split for veteran returning resident to Israel
• ITALY: Tax credit on investments in advertising
• THE NETHERLANDS: Dutch government publishes legislative proposal regarding Dutch fiscal unity regime
• SWITZERLAND: Developments in relation to Tax Proposal 17
• PANAMA: Panama leads the Central American region in automatic exchange of information (AEOI)
• EGYPT: Income tax and social insurance amendments
• UNITED STATES: Tax reform deduction - What foreign-derived intangible income means to C-corporations