• Venezuela reduces VAT rate on electronic payments

    On December 14, 2016, under the framework of the National Economic Emergency Decree, the president of the republic passed Decree No. 2,602 by which a Value Added Tax (VAT) rate of 10% was set for transactions paid through electronic means, as published in Official Gazette No. 41,052.

    December 29, 2016

  • The Netherlands to amend its dividend tax position

    In September, the Dutch Government announced changes to the treatment of dividends paid by Dutch entities, which should eliminate the difference between Dutch cooperatives and Dutch private companies (BVs) and public companies (NVs).

    December 21, 2016

  • Real estate and interest deductibility

    From April 2017, UK tax law will be amended to impose new restrictions on the deductibility of interest for corporation tax payers.

    December 12, 2016

  • Finance Bill 2017: Corporate interest restriction

    The draft Finance Bill provisions on the restriction on deductibility of corporate interest expense do not contain any provisions dealing with a public benefit infrastructure exemption (PBIE): the remaining drafting is promised by the end of January.

    December 08, 2016

  • French inpatriates tax regime

    Following the Brexit vote, France has decided to improve attractiveness of Paris as a major financial centre. In this respect, the French Government announced the creation of an information desk aiming at advising inpatriates on issues such as tax regimes, housing, and residence permits in France.

    December 07, 2016

  • European Commission publishes proposals for a mandatory EU corporate tax system for MNEs

    On October 25, 2016, the European Commission published revised proposals for a Council Directive on a Common Corporate Tax Base

    November 23, 2016

  • Netherlands delays first notification obligation under country-by-country reporting rules

    In a decree published on 21 November the Dutch State Secretary of Finance has allowed multinational groups (MNE) with a taxable presence in the Netherlands to delay the first notification under country-by-country reporting (CbCr) rules to 1 September 2017.

    November 21, 2016

  • Tax controversy survey

    Welcome to the third issue of Norton Rose Fulbright’s Tax Controversy Insights. Tax controversy lawyers with Norton Rose Fulbright around the globe have prepared...

    November 17, 2016

  • Tax transparency and anti-avoidance in the UK

    2016 has seen the introduction of a number of tax transparency and anti-avoidance measures in the UK several in direct response to the OECD’s final BEPS reports and the Panama Papers revelations.

    November 10, 2016

  • VAT and third party consideration

    It is a common feature of commercial transactions for those involved to seek a third party to provide an essential service to allow the transaction to reach fruition.

    October 31, 2016

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