World Tax Advisor is a weekly bulletin of international tax development professionals from the member firms of Deloitte. The newsletter focuses on analyses of cross-border tax developments that reflect the dynamic business environment for multinationals.

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July 4, 2008

• Canada
  - U.S. social security contributions eligible for quebec foreign tax credit
• Indonesia
  - Monthly income tax obligations procedure changed
• Malawi
  - Budget reduces VAT rate, provides incentives for key industries
• Russia
  - Benefits available under new participation exemption
• Vietnam
  - New VAT law passed
• Global Tax Alerts
  - European Union: AG Mengozzi concludes Dutch restrictions on mortgage interest deduction incompatible with EC law
  - European Union: ECJ rules on concept of withholding tax under EC parent-subsidiary directive
  - India: Tribunal holding further muddies reimbursement of expenses subject to withholding tax

June 27, 2008

• European Union
  - ECJ rules on time limit to recover input VAT
• France
  - Supreme court holds dividend in kind not subject to registration duty
• New Zealand
  - Consequences of personal tax rate cuts
• Singapore
  - GST group registration rules expanded
• Turkey
  - Scope of related party definition expanded
• Global Tax Alerts
  - Australia: New opportunities and challenges for managed investment trusts
  - France: New tax treaty with U.K. signed

June 20, 2008
Canada: Court decision causes indigestion for Glaxo

June 13, 2008
Indonesia: Authorities cracking down on document production during tax audit

June 6, 2008
Supply chain restructuring: IP transfer pricing and taxation

May 30, 2008
Netherlands Antilles: New tonnage tax regime in effect

May 23, 2008
Australia announces budget 2008-2009

May 16, 2008
Proposed changes to Sweden’s exit tax, group contribution and partnership taxation rules

May 9, 2008
Belgium - New circular letter on NID anti-abuse measures

May 2, 2008
China’s high-new technology enterprises incentive offers 15 percent enterprise income tax rate

April 2008
Overview of China's post-tax reform guidance

March 2008
Building a centralized framework for compensation and benefits

February 2008
Australian Tax Office offers guidance on treaties

December 2007/January 2008
China issues implementation rules for new enterprise tax law

November 2007
Impact of new Chinese enterprise income tax law and new tax arrangement with Hong Kong

October 2007
Germany’s business tax reform 2008 and other proposed changes

September 2007
Mexico's new flat tax proposal