The Autumn Budget, released November 22, lowers the United Kingdom’s economic growth forecast as it moves towards Brexit.
On October 31, 2017, Royal Decree No. 647 was published, allowing small and medium-sized enterprises to claim double corporate tax deduction.
The Amendment of Transfer Pricing Audit Rules was published on November 13, 2017, by the Taiwan Ministry of Finance.
Under a bill signed on November 24, 2017, changes to research and development incentives to eligible companies have been made.
On November 17, 2017, updates to the information to be included on transfer pricing documentation were published.
On October 10, 2017, clarification regarding Peru’s tax amnesty regime was published.
Article 5 of the India-US Income Tax Treaty indicates that services provided in India will constitute a permanent establishment in India.
Chief Executive Carrie Lam announced on October 11, 2017, that a new corporate tax system will be implemented in 2018.
Amendments and guidelines were recently published regarding the two new corporate income tax surtaxes for large companies.
Simplified valued added tax regulations for e-commerce have been adopted by the Council of the European Union.
On October 17, 2017, the State Administration of Taxation released changes in the revision to the withholding tax requirements.
Companies involved in advance technology service activities in certain cities are eligible for a tax incentive.