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The Netherlands have made the latest move by introducing the Innovation Box. Wim Eynatten and Patrick Brauns of Deloitte compare the IP tax regimes of the Benelux countries.

Srinivasa Rao and Rajendra Nayak of Ernst & Young in India analyse OECD discussions and how they could and should affect the Indian transfer pricing rules.

With reduced resources and a growing need for greater compliance in most tax jurisdictions, John Curry and Andrea Clarkson of Alvarez & Marsal Taxand examine how internal finance teams are increasingly looking at ways to improve efficiency.

Simeon Grigorov During the past years, an increasing trend for real estate investments in the SEE region has been noted. Throughout the region there are many investment opportunities for foreign investors, including Bulgaria, which has many attractive features. In addition to the country's central location in the Balkans and its excellent touristic destinations (both ski and sea resorts), the real estate prices are by far lower than other destinations in Europe. In fact, the prices on the real estate market have additionally dropped in 2009 with 30% to 50% compared to 2008 which made the county even more attractive for foreign investors.

Nélio Weiss Philippe Jeffrey As changes introduced in Brazilian legislation at the end of the 2009 demonstrate, the Brazilian tax authorities are focusing on intensifying the fight against the use of tax havens with the sole objective of reducing taxation.

Stavros Strouzas Amendments to the Cypriot VAT legislation, intended to make Cyprus compliant with the provisions of the EU Council Directives, came into force on January 1 2010. The revised law incorporates new provisions on the determination of the place of supply of services and the VAT refund procedure relating to intra community transactions, resulting in variation in the liability of the service providers and revised administrative obligations for the taxpayers essentially in their internal procedures followed.

Chris Van Loan Ilan Braude On December 18 2009, the Canadian Department of Finance released a package of technical amendments governing the taxation of foreign affiliates. These proposed changes are the latest step in a long term overhaul of the foreign affiliate rules, however, many significant issues must still be addressed including the rules governing mergers, liquidations and other reorganisations involving foreign affiliates.

By Erin Kelechava

Following last month's Asia Tax Executives' Forum in Singapore, Ralph Cunningham and Jack Grocott discover what is really keeping Asia-Pacific taxpayers up at night. Increased scrutiny and dispute litigation rather than resolution really is the stuff of nightmares for the region's tax community.

A monthly commentary on the notable facts, figures and goings-on in the tax world. Suitable items should be sent to taxrelief@euromoneyplc.com