Based on the overview of Jurisdictions Participating in the Convention on Mutual Administrative Assistance in Tax Matters as available on the website of the OECD, the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters entered into force on December 1, 2016 with respect to Andorra, Israel, Liechtenstein, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Samoa, Senegal and Uruguay.

On November 29, 2016 the Australian Government released exposure draft legislation for a Diverted Profits Tax (DPT) for consultation. The Australian Government invites all interested parties to make a submission. The closing date for submissions is December 23, 2016.

The next OECD Tax Talks webcast is scheduled for December 5, 2016 from 14.00 to 15.00 CET.

Australia has introduced a new law applying the Australian Goods and Services Tax (GST) to international sales of digital products and services provided to Australian consumers. Under the new law, overseas businesses will be required to pay GST on these sales from 1 July 2017. On November 25, 2016 the Australian Taxation Office issued a Business Bulletin titled: “Transitional rules: GST on imported services and digital products”.

On November 25, 2016 both the Swiss and the Liechtenstein Governments issued press releases announcing that the Swiss – Liechtenstein Double Taxation Agreement (DTA) which was signed on July 10, 2015 will enter into force on December 22, 2016.

Submit to FacebookSubmit to TwitterSubmit to LinkedIn
INTERESTING ARTICLES