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BDO World Wide Tax News - Issue 49

20 November 2018

Original content provided by BDO Mexico

This newsletter summarises recent tax developments of international interest across the world. In this issue:THE NETHERLANDS: 2019 Tax BudgetHONG KONG: Enhanced tax deduction for research & development expenditureINDIA: Services for processing card payment transactions create a permanent establishmentSINGAPORE: Change to basis of assessment for service companiesGERMANY: Plans to extend taxation of non-resident capital gains resulting from the sale of shares in real estate-rich corporations / Developments in relation to tax compliance management systemsHUNGARY: Recent tax changesNORWAY: National budget 2019POLAND: Innovation box - 5% tax rate on intellectual property rights income and other preferencesUNITED KINGDOM: 2018 BudgetARGENTINA: Budget Bill 2019 – Fiscal amendmentsBRAZIL: Implementation of ownership disclosure requirements for Brazilian corporate taxpayersCHILE: Automatic exchange of information for financial institutions in Chile - From FACTA to GATCAPANAMA: BEPS-related changes to Panama’s special tax regimesUNITED STATES: Proposed removal of Section 385 Documentation RegulationsMAURITIUS: Changes to global business regimeUGANDA: Limitation on interest deductions and other payments