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Burçin Gözlüklü Ramazan Biçer Turkey introduced a new law (the law) on March 8 2017 on the restructuring of certain public receivables and amending certain laws and Cabinet Decrees.

There has been a complete paradigm shift in global taxation with the rise in audit risks caused by new global initiatives like the OECD’s BEPS Project. JD Choi, CEO at Tax Technologies, explores the technology solutions that should be administered to mitigate these audit risks in a post-BEPS world.

Dajana Topic The National Assembly of the Republic of Srpska (RS) adopted amendments to the Profit Tax Law on December 28 2016. The main changes entered into force on January 1 2017.

Lopatina Irina Georgia is becoming an increasingly popular jurisdiction for investments and export – import transactions with Commonwealth of Independent State (CIS) and EU countries. Among other factors, the attractiveness is also due to the absence of strict currency control rules and the availability of free trade regimes with European and other foreign countries. Additional advantages include the absence of corruption, the transparent conditions of conducting business, the signed association agreement with the EU, the introduction of a visa-free regime with the EU, the six fixed taxes and lowered tax rates, the significantly shortened list of licenses and permits, as well as simplified administration procedures. Georgia is among the top ranked countries in the World Bank's list on the ease of doing business. In addition, Georgia has significantly succeeded in establishing a business-friendly environment and maintaining a healthy, comfortable and attractive investment climate for foreign investors. In this regard, it is specifically worth mentioning the attractive investment opportunities in the Georgian free industrial zones (FIZ) regulated by the Law of Georgia on Free Industrial Zones, which aims to promote economic growth, enhance industrial competitiveness and attract foreign direct investments.

After several twists and turns over the past decade, the introduction of goods and services tax (GST) in India is in the final leg of its journey.

Alexander Linn Thorsten Braun The German Federal Tax Court has ruled that the existing administrative practice on the exemption of certain tax technical gains, triggered in restructurings of companies facing difficulties, lacks a legal basis and cannot be applied any longer (case: GrS 1/15). Shortly after the judgment, however, the German legislator introduced draft provisions that would reinstate the past administrative practice.

Panayiotis Diallinas Recent important amendments to the Bulgarian Law on VAT became effective on January 1 2017. The amendments are related to mixed supplies of assets and immovable property, the tour operator margin scheme, the obligation for VAT registration in cases of inheritance, and changes in the rules for supplies made by a person acting in his own name but for the account of another person.

The first agreement on the avoidance of double taxation and prevention of fiscal evasion between Hungary and Iran entered into force on January 1 2017. Iran has concluded more than 40 tax treaties, but very few of them provide for zero withholding tax rates on rental income and consulting fees. Thus, this specific tax treaty can be a good platform for multinationals looking to invest into Iran.

Dorina Asllani Ndreka Albania and Iceland signed an agreement for the avoidance of double taxation and the prevention of tax evasion regarding income tax (DTA) on September 26 2014, which was ratified by both countries and entered into force on January 6 2016. Under the treaty provisions, its general implementation has begun as of January 1 2017.

Read this month's special feature on New Zealand