Tax & Legal

Tax & Legal News – Issue 3, June 2017

In this issue: PwC Reports, Official pronouncements, Supreme Tax Court Cases and From Europe

PwC Reports
Real estate transfer tax exemption on conversions illegal state aid?
Curtailment of loss relief for companies in part unconstitutional
Multilateral Convention to counter aggressive tax avoidance arrangements has been signed
Bundesrat approves the legislation to combat tax avoidance
Bundesrat approves legislation introducing restrictions on the deduction of royalty payments
EU Council to adopt ATAD II Directive on hybrid mismatches
OECD publishes International VAT/GST Guidelines

Official Pronouncements
Tax administration issues guidelines on use of group name

Supreme Tax Court Cases and From Europe
No deduction of final branch losses following EU law
Preemptive warnings to competitors subject to VAT
VAT exempt assumption of a liability
Participation certificates: Interest or profit sharing under Austrian treaty?