Issue

Date

Subject

2003-35

December 19, 2003

• Croatia: Incentives for Research and Development
• Germany: Supreme Tax Court Disallows NOL Carryforward for Direct Ownership Changes Within a Controlled Group of Companies
• Luxembourg: Court Addresses Double Taxation Issues with Germany
• Luxembourg: Draft Decree on VAT Exemption Relating to Services Rendered by Independent Groups to Their Members

2003-34

December 17, 2003

• Germany: Tax Reform: 2003 Tax Preference Reduction Act – "Basket II"

2003-33

December 12, 2003

• Bulgaria: Introduction of Tax Depreciation Schedule
• Central Europe: Overview of Tax Rules for Property Investment in Six CEE Countries
• European Union: Status of Implementation of the Acquis Communautaire
• United Kingdom: Transfer Pricing, Thin Capitalization, and Other Business Taxation Proposals in the Pre-Budget Report 2003

2003-32

December 10, 2003

• Finland: Reform of Company and Capital Income Taxation
• Latvia: Draft Corporate Income Tax Declaration; New Requirements for Taxpayers
• United Kingdom: Overview of Tax Measures in Pre-Budget Report 2003

2003-31

December 5, 2003

• Ireland: Tax Incentives Included in Budget 2004 Proposals
• Poland: Status of Tax Legislation Pending EU Accession

2003-30

December 5, 2003

• Czech Republic: New VAT Reporting Requirements for 2004
• European Union: ECJ Addresses State Aid and the Impact on Direct Tax
• Germany: Tax Legislation Changes
• Hungary: Tax Reforms to Dismantle Hungarian Offshore Company Regime
• Italy: Real Estate Investment Fund Income to Be Taxed at Investor Level
• .Poland: Proposed New VAT Law
• United Kingdom: Inland Revenue Victory in Hoechst Litigation

Issue

Date

Subject

2003-29

November 21, 2003

• Czech Republic: Senate Approves Measure to Postpone Thin Cap Rules Amendment
• European Union: Merger Directive
• Luxembourg: Legislative Update
• Luxembourg: Treaty Update
• United Kingdom: Pre-Budget Report 2003
• United Kingdom: Inland Revenue's Transfer Pricing Consultative Document
• United Kingdom: Tax Overpaid in Earlier Years; Amendment to Proposed Legislation

2003-28

November 12, 2003

• Czech Republic: Treaty Update, Legislation Proposing Reduced Taxation of Investment Income
• Romania: Recent Business Law Developments
• United Kingdom: Items Possibly to Be Included in Pre-Budget Report
• United Kingdom: Simplified Import VAT Accounting Program to Take Effect in December 2003

2003-27

November 6, 2003

• Belgium:New Regulation Reduces Period for Deducting Input VAT
• Bulgaria: 2003 Supreme Administrative Court Decisions
• Czech Republic: Legislative Proposals Would Affect Current and Future Manufacturing Investment Incentives
• Germany: New Profit Determination Documentation Regulations for Transfer Pricing
• Germany: Supreme Tax Court Allows NOL Carryover for Indirect Ownership Change in a German Corporation with NOLs
• Ireland: Discussions of Irish Revenue Powers, Savings Directive, UK Stamp Duty

Issue

Date

Subject

2003-26

October 30, 2003

• Czech Republic: Effects of European Union Accession on "State Aid" Provisions
• France: Proposed Tax Changes Submitted to Parliament
• Italy: New Tax Incentives to Promote Corporate Investment
• The Netherlands: New Rules for Holding Companies and Head Office Companies
• United Kingdom: Inland Revenue Proposals to Repeal Transfer Pricing Exemption, Thin Capitalization Rules
• United Kingdom: Is a Dividend a Transaction in Securities?
• United Kingdom: Proposed Changes to Northern Ireland Rating System Would Increase Property Taxes

2003-25

October 16, 2003

• France: Proposed Changes to Capital Gains Tax Rules on Sale of French Real Estate
• Germany:Update on German Tax Reform – Latest Developments
• Germany: Proposed Thin Capitalization Rules
• Norway: No Further Tax Cuts in the Budget Proposal for 2004
• Poland: Update on Special Tax Offices to Serve "Large Taxpayers"
• Portugal: Proposals for Property Tax Reform
• Romania: Goods Exempt from Import Duties

2003-24

October 8, 2003

• Bulgaria: Double Tax Treaty Network
• Czech Republic: Overview of Proposed Changes to Corporate Income Tax Act
• Italy: Update on Corporate Tax Reform
• Italy: Advance Pricing Agreement Procedures Are Introduced
• The Netherlands: Proposed Legislation to Address Bosal Issues
• United Kingdom: Ocι van der Grinten – Analysis of the Decision of the European Court
• United Kingdom: Court of Appeal Holds on Liability of Traders for Excise Duty

Issue

Date

Subject

2003-23

September 30, 2003

• Czech Republic: Update on Merger Control Regulations
• European Union: ECJ Clarifies Withholding Tax Under the Parent-Subsidiary Directive
• Ireland: Squeezing Tax Cost
• Luxembourg: Securitization Legislation Is Introduced
• The Netherlands: EU Interest-Royalty Directive
• Poland: Service Charges and Permanent Establishment
• Portugal: Tax Reductions for the Free Zone of Madeira
• United Kingdom: Implication of ECJ Decision in Bosal for Taxpayers in the UK, Other EU Member States
• United Kingdom: Draft Regulations to Implement the EU Savings Directive
• United Kingdom: Cancellation Payment for Share Options Retained on Redundancy

2003-22

September 19, 2003

• Bulgaria: Currency Regime Changes
• France: Unofficial Reports on Tax Measures to Be Included in 2004 Finance Bill
• Italy: Final Version of Legislative Decree Is Approved
• Luxembourg: Update on Savings Directive
• Luxembourg: New Company Status Proposed for Certain Venture Capital or Private Equity Companies
• The Netherlands: ECJ Issues Decision on Netherlands Participation Exemption Regime
• Poland: Special Tax Offices Proposed to Serve "Large Taxpayers"
• United Kingdom: Time Limits for Tax Claims – New Legislation to Counter Deutsche Morgan Grenfell
• United Kingdom: EU Law Offers Possibility to Reclaim Surplus Advance Corporation Tax

2003-21

September 4, 2003

• Germany: Change of Control Rules; Hearing before the Federal Supreme Tax Court
• Germany: GermanNews
• Italy: Proposed Introduction of Tonnage Tax
• Poland: Draft of Amendments to the 2004 CIT Act
• United Kingdom: Group Litigation Orders
• United Kingdom: Capital Losses – Change of Inland Revenue Position

Issue

Date

Subject

2003-20

August 22, 2003

• Belgium: New Withholding Tax Exemptions for Belgian Holding Companies and Finance Companies
• United Kingdom: Proposals for Reform of Corporation Tax
• United Kingdom: Effect of Halladale Decision on Corporate Transaction Fees

2003-19

August 11, 2003

• European Union: Proposals to Amend the Parent-Subsidiary Directive
• Germany: Proposed Changes to German Trade Tax Law
• United Kingdom: Different Tax Treatment of the Same Circumstances in Different Years
• United Kingdom: Concerning Overseas Leasing – Legality Under EU Law of Restricted Capital Allowances

2003-18

August 6, 2003

• Germany: Proposed Changes to German Tax Law

2003-17

August 1, 2003

• Europe: KPMG's International Tax Centers to Hold Southeast Area Seminars
• European Union: Proposal to Simplify Rules for Reduced VAT Rates on Goods and Services
• Latvia: New Withholding Tax Rules on Payments to Non-Residents for Consulting Services
• The Netherlands: Reform on Underperforming Loan Conversion Rules
• Spain: New Tax Treaty Between Belgium and Spain
• United Kingdom: High Court Decision Extends EU Claim Time Limits
• United Kingdom: Inland Revenue Addresses European Savings Directive
• United Kingdom: 100% Capital Allowances for Energy Saving Plant and Equipment

Issue

Date

Subject

2003-16

July 25, 2003

• Germany: Tax Changes for Foreign Real Estate Investment Funds Under the Proposed Investment Modernization Act
• Luxembourg: Collateralized Fund Obligation Structures
• The Netherlands: Update on Advance Pricing Agreement Procedures
• Poland: VAT in 2004
• United Kingdom: Defining Innovation – Consultation on Research and Development
• United Kingdom: Fast Approaching Deadline for Making Election Concerning Certain Employee Share Acquisitions

2003-15

July 17, 2003

• European Union: Report on Tax Legislation in Accession Countries
• European Union: Frequently Asked Questions on VAT and e-Commerce Directive
• Germany: Investment Modernization Act Is Proposed
• Italy: Deadline for Tax Amnesties and Settlements Is Extended
• Latvia: Changes to VAT Administration; Tax Relief in Free Ports and Special Economic Zones
• Luxembourg: Update of Tax Legislation, Proposals to Change the Commercial Companies Law
• The Netherlands: Update of Treaty Negotiations, Reports of Treaty Status
• Sweden: ECJ Judgment on Swedish Tax Treatment of Certain Pension Costs for Employees
• United Kingdom: Finance Act 2003
• United Kingdom: National Insurance Contributions – Meaning of Gratuity for Purposes of NIC on Payment Made by Third Party
• United Kingdom: High Court Issues Judgment on Deductibility of Abortive Acquisition Expenditures
• United Kingdom: Changes to the Procedures for Issuing Corporation Tax Penalty Notices

Issue

Date

Subject

2003-14

June 27, 2003

• Czech Republic: Proposed VAT Amendments and Other Developments
• Germany: Does Limitation on Input-VAT Deductibility for Entertainment Expenses Comply with EU Directive?
• Italy: Overview of Corporate Tax Reforms
• The Netherlands: ECJ to Issue Decision Concerning Deduction of Expenses Related to Foreign Subsidiaries; Discussion of Double Tax Relief
• United Kingdom: PAYE/NIC: Draft Regulations on Mandatory Electronic Payment by Large Employers

2003-Special Edition

June 20, 2003

• United Kingdom: Intangible Assets and the Finance Bill

2003-13

June 19, 2003

• Czech Republic: Tax Reform Discussion Continues; Update on Foreign Exchange Differences
• _13Germany.Germany: ECJ Judgment Clarifies Compatibility of Withholding Tax Imposed on Non-Residents and Free Movement of Services
• Luxembourg: Updated International Tax Guide, Tax Proposals Announced, Other Developments
• Poland: Deadline Approaches for VAT Refunds to Non-Resident Entities for 2002
• United Kingdom: First-Year Allowances and Plant Hire
• United Kingdom: Simplifying the Taxation of Pensions – Implementation Date

2003-Special Edition

June 6, 2003

• Belgium: Implications of EcoFin Agreement for Companies in Belgium
• Germany: German "Thin Cap" Rules No Longer Apply for Tax Residents of Other EU Member States
• Luxembourg: Background on EcoFin Agreement; Implications for Companies Doing Business in Luxembourg
• The Netherlands: Implications of EcoFin Agreement for Companies Doing Business in the Netherlands

2003-12

June 5, 2003

• Belgium: Update on Status of Belgian Coordination Center Program
• Germany-Poland: New Double Taxation Treaty
• Italy: First Draft of Legislative Decree for Tax Reform
• Poland: Pending Customs Procedure Changes
• Spain: Follow Up on Changes to Spanish Non-Resident Income Tax Law
• United Kingdom: Possible Effect of House of Lords' Decision on Disposal of Surplus Property
• VAT: VAT Refund Deadline Approaches

Issue

Date

Subject

2003-11

May 22, 2003

• Czech Republic: Legislation for Implementation of EU Parent/Subsidiary Directive
• France: Special Tax Regime for International Headquarters and Logistic Centers Found to Breach EU State Aid Rules
• Germany: Potential Reimbursements Under Customs Law for "Separately Shown" Financing Interest
• Italy: Parliament Approves Delegating Legislation for Tax Reform
• Luxembourg: Recent Tax Developments Concerning e-Commerce
• United Kingdom: European Group Relief – Marks & Spencer at the High Court
• United Kingdom: VAT Decision in Water Hall

2003-10

May 8, 2003

• Czech Republic: Adjustment to Receivables Related to Guarantees; Other Developments
• Denmark: Final Guidelines Expected on VAT Exemptions for Financial Services
• Germany: Under New Legislation, When Can a Partnership Function As Parent of an Organschaft?
• Latvia: Changes Proposed to Property Tax Law
• The Netherlands: Tax Authorities Introduce Transfer Pricing (APA) Pre-Filing Meetings, Procedural Changes
• Poland: Timing of Tax Treatment of Certain Lease Terminations
• Switzerland: Webcast Discussions Address Harmful Tax Competition Developments, Swiss Initiatives to Attract Businesses
• United Kingdom: 2003 Finance Bill Proposes Loan Relationship Provisions
• United Kingdom: Employee Share Plan Costs, Employee Share Acquisitions
• United Kingdom: Customs Changes Included in Finance Bill

Issue

Date

Subject

2003-09

April 24, 2003

• European Union: Possible Customs Issues as 10 Countries Are Set to Join the EU
• Germany: New Transfer Pricing Documentation Rules
• Germany: Summary of Certain Business Provisions in Recent Tax Legislation
• International Tax: Dallas Conference to Address What's New in International Tax
• United Kingdom: Update on Stamp Duty / Land Tax
• United Kingdom: VAT Provisions Affecting Businesses Dealing in Telephones, Computers, and Associated Equipment

2003-08

April 17, 2003

• France: Implications of EU Law for Deductibility of Interest Paid by French Company to EU Parent
• France: Limitations on Tax Treatment of Interest Paid to Shareholders in the Context of Cash-Pooling Agreements
• Luxembourg: Update on Taxation on Disposal of Real Property
• The Netherlands: Supreme Court Allows Claim to Deduct VAT on Costs Relating to Sale of Shareholding
• Poland: Treaty Update, Bankruptcy Act, Health Insurance Measures
• United Kingdom: Finance Bill Is Published
• United Kingdom: R&D Tax Credits
• United Kingdom: Update on Treatment of Capital Gains Tax for Share Options
• United Kingdom: Employee Share Plans -- Budget Extends Scope of PAYE and NIC

2003 - Special Edition

April 11, 2003

• Germany: Final Legislative Agreement Reached on 2003 Tax Reform Proposals

2003 - Special Edition

April 10, 2003

• United Kingdom: Budget 2003: Comment and Analysis

2003-07

April 3, 2003

• Czech Republic: Fixed Rate of Exchange; Possible Relief for Late Payments of Tax; VAT Amendment
• European Union: EcoFin Short of Agreement on Tax Package
• European Union: Advocate General's Opinion to the ECJ on Migration Exit Charges
• .European Union: EU Company Taxation Consultations
• Germany: Discussion of Legislative Corporate Tax Proposals Continues
• The Netherlands: Agreement with United States Clarifies Treatment of Exempt Pension Funds
• United Kingdom: Budget Predictions – Indirect Taxes and Employee Related Issues
• United Kingdom: Limitations for First Year Allowances on Information and Communications Technology
• United Kingdom: Inland Revenue Guidance on New Tax Treaty with United States

Issue

Date

Subject

2003-06

March 20, 2003

• Belgium: New General Tax Ruling System
• Czech Republic: Possible Czech Implications of Lankhorst Decision
• Germany: Legislative Update on Proposals to Amend Corporate Tax System in 2003
• Ireland: Guidance for Investment in Ireland
• Latvia: New Customs Regulations
• Poland: Use of "Active Regret" Concept to Avoid Penalties for Correcting Tax Returns in 2003
• Portugal: Tax Reductions for the Free Zone of Madeira
• Switzerland: Update on EU Savings Directive
• United Kingdom: Costs of an Aborted Acquisition

2003-05

March 6, 2003

• Denmark: Danish Guidelines on Transfer Pricing Documentation
• Europe: Side-by-Side Comparison of Holding Regimes in 11 European Countries
• European Union: European Court of Justice Rejects Basis for Lessor's VAT Refund; Substance Over Form Controls
• European Union: Checklist for Companies Doing Business in Eastern European Countries With Pending EU Accession
• Germany: Proposed Corporate Tax Changes in 2003 German Tax Reform
• Italy: Tax Amnesty Deadline Draws Near
• The Netherlands: Methodology for Calculating Arm's Length Profits for Financing Transactions
• Poland: Recent Decree Expands Exemptions and Withholding Obligations for Personal Income Tax
• United Kingdom: Possibility of Recovery Under Thin Capitalisation Arguments

Issue

Date

Subject

2003-04

February 20, 2003

• Ireland: Finance Bill 2003 Is Published; Now Subject to Debate
• Norway: Skauge Commission Proposes Significant Changes to Tax System
• Poland: New Information Reporting Obligations
• Sweden: Recent Developments Relating to Dividends and Gain/Loss on Shares Owned by Companies, Proposed CFC Legislation
• United Kingdom: High Court Decides Tax Treatment of Corporate Shareholders on Share Repurchase

2003-03

February 6, 2003

• European Union: Political Consensus Concerning the EU Tax Package
• Germany: Recent Elections Are Expected to Result in Changes to Pending Tax Legislation
• Germany: High Tax Court Notice Addresses Loss Utilization Rules Regarding Intercompany Transfer of Shares ("Change of Control")
• Hungary: Tax Changes Related to EU Admission
• Italy: New Amnesty Program for Potential Tax Liabilities of Italian Subsidiaries
• Latvia: New VAT Declarations for 2003
• Poland: Amendments to the Minimum Wage Law
• Switzerland: Upcoming Roundtable Discussions of Tax and Business Opportunities for U.S. Businesses
• United Kingdom: Dividends to Parent Companies in EU Member States
• United Kingdom: Follow Up on Share Options
• United Kingdom: Compensation for Early Payment of ACT on Dividends to Non-Resident Parents
• United Kingdom: Inland Revenue Targets Transfer Pricing

Issue

Date

Subject

2003-02

January 23, 2003

• Germany: Possible Legislative Responses to European Court of Justice's Judgment on German "Thin Cap" Rules
• Germany: High Tax Court to Decide Loss Utilization Rules Where There Has Been Intercompany Transfers of Shares
• Italy: VAT Ruling for Non-Resident Companies Conducting Sales of Goods in Italy
• Norway: Guide to VAT Provisions and Regulations
• Poland: Tax Treaty Update
• Poland: VAT Amendments, Tax Administration and Procedure Changes for 2003
• Spain: Tax Changes Effective in 2003
• Switzerland: Update on EU Savings Directive
• United Kingdom: Determination of Gain/Loss on Exercise of Share Options
• United Kingdom: Special Commissioners Deny Marks & Spencer's Group Relief Appeal

2003-01

January 3, 2003

• Italy: Clarification of “Pro Rata” Rule for the Sale of Securities by Fiduciary Companies
• Latvia: Tax Rate; Minimum Wage; VAT on Medicine; Tobacco and Alcohol Excise Tax; Treaty Update
• Poland: Changes for 2003 to Tax Rules for Business Trip Expenses; Amendments to Copyright Law
• Spain: Tax Treatment of Spanish Holding Company Regime
• United Kingdom: Court of Appeal Addresses Leasing Arrangements as Capital Expenditures