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The European Commission’s proposed VAT Action Plan is an ambitious attempt to reform the flailing regime. Joe Stanley-Smith picks through the details to look at the impact it could have on companies.

For the second consecutive year, Thomson Reuters and TP Week sought to determine the extent to which corporations are prepared to implement the BEPS recommendations across their tax and accounting departments. Brian Peccarelli, president of the Thomson Reuters tax and accounting department outlines the key findings and corporate compliance concerns.

Amelia Schwanke outlines the details of India’s GST Bill and highlights the new rules that companies will need to comply with if the regime is introduced next year.

Switzerland’s 35% withholding tax is now a major government income generator. Alberto Lissi and Monika Gammeter Utzinger of Tax Partner AG – Taxand Switzerland discuss how the tax, levied mainly on corporate dividends and interest of bonds and income from collective investment schemes, accounts for roughly 10% of annual revenue.

Michela Chin Ruben Gottberg The Brazilian Federal Revenue (RFB) has issued tax ruling COSIT n. 4/2016, allowing the application of a 10% withholding tax (WHT) rate on payments for the use of computer software as provided by the double tax treaty (DTT) between Brazil and Finland.

Zoe Kokoni Nicholas Karastergios The Cyprus Council of Ministers has approved the reduction of immovable property tax rates by 50% from 1 per thousand (that had been initially proposed) to 0.5 per thousand.

Andrés Edelstein Ignacio Rodríguez After several unsuccessful attempts to launch a tax amnesty under the previous administration, the Executive Branch that took office last December has drafted and sent to the Congress a tax amnesty programme.

With a view to examining consequential issues arising out of amendments to the India-Mauritius tax treaty and related issues, a Working Group has been set up.

Kalliopi Kalogera Greece has a broad network of Double Tax Treaties (DTTs) in place, however, only a handful of them (e.g. Albania, Georgia, Uzbekistan) include clauses permitting the tax credit of the corporate tax paid on profits in the country of the distributing entity against the income tax to be paid for dividends in the country of residence of the receiving person (individual or legal entity), among which is the DTT between Greece and Cyprus.

César Agliati Ignacio Núñez The tax treatment of Employee Stock Options (ESOPS) will change from January 1 2017 when the Tax Reform Law No. 20.780 of September 2014, included in Article 17 No. 8 of the Chilean Income tax law, incorporates new rules in order to apply taxes to the different stages of an ESOP.