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On May 19, 2016 the Dutch Government opened a public consultation regarding an intended amendment of the conditions to be met for the innovation box to apply. The intended amendments are supposed to enter into force as per January 1, 2017.

According to a statement issued by the Dutch Ministry of Finance, the closing date for filing submissions is June 16, 2016. The Ministry also stated that submissions will be made public if the person that filed the submission agrees that his or her submission is made public.

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On May 18, 2016 the Swiss Government issued a press release announcing that on that same date the Swiss Federal Council initiated the consultation on the Ordinance on the International Automatic Exchange of Information in Tax Matters. According to the press release the consultation will last until September 9, 2016.

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On May 18, 2016 the Japanese Ministry of Finance issued a press release announcing that the Government of Japan and the Government of Panama will initiate negotiations for a Tax Information Exchange Agreement (TIEA) which is supposed to include provisions of automatic exchange of information.

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In this edition: UK – Guidance on the Capital Gains Tax treatment of Employee Shareholder shares; Ireland – Revenue eBrief No. 51/16 - Rental Income; Netherlands – IB: ‘Invalidity allowance’ Europees Octrooibureau niet in Nederland belast. Beroepschrift in cassatie ingetrokken; Netherlands – OB: Sportconstructie is misbruik van recht; overdrachtsbelasting bij herdefiniëring te redresseren; beroepschrift in cassatie ingetrokken

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In this edition: UK – Countries committed to sharing beneficial ownership information; Canada – Government of Canada signs international agreement on enhanced tax reporting by large multinationals; Singapore – IRAS e-Tax Guide - GST: Fringe Benefits

  1. International Tax Plaza’s Quick News from May 14, 2016
  2. UK Government opens second stage of consultation on (limitation of) tax deductibility of corporate interest expense
  3. International Tax Plaza’s Quick News from May 12, 2016
  4. Members of European Parliament welcome the European Commission’s proposal for information sharing (CbC reports) by national tax authorities
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