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World Tax Advisor - July 13, 2012


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Deloitte Image In this issue:

  • Featured Articles
    - Foreign affiliate reporting rules help avoid costly Canadian tax penalties
  • China
    - Government further clarifies deduction policies for advertising and marketing expenses
  • France
    - VAT concession for foreign companies to be eliminated
  • Germany
    - More changes proposed to Annual Tax Act
  • Gibraltar
    - Budget tax measures focus on personal taxes and duties
  • India
    - Draft GAAR guidelines target offshore holding company structures
    - AAR rejects applications for which tax return already submitted
  • Jamaica
    - 2012/2013 budget measures now law
  • United States
    - IRS announces interim heightened ITIN application standards
  • In brief
    - News in brief from Cyprus, the EU and India.
  • Global Tax Alerts
    - Brazil: New reporting requirement for cross-border transactions involving services and intangibles
    - Chile: Argentina terminates treaty as from 2013
    - France: New taxes proposed on businesses, banks and wealthy individuals

See attached file for details.

Visit the  World Tax Advisor archive for issues from the past year.

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