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Luxembourg Finance Minister Pierre Gramegna has introduced legislation into parliament that would establish a new intellectual property tax regime in Luxembourg. Read Full Story
In a landmark ruling delivered on July 25, 2016, India's Delhi High Court has ruled that income arising from the transfer of intangible assets located outside India is outside the purview of the Income Tax Act. Read Full Story
Ukraine and Austria have agreed to sign a protocol to their double taxation agreement to increase withholding tax rates on dividends, interest, and royalty income. Read Full Story
In a recent circular, the Italian Revenue Agency has agreed an extension of 30 days to the period of time businesses have to complete their applications to take advantage of Italy's "patent box" in its first operational fiscal year. Read Full Story
By end-December 2015, the number of Italian businesses that had applied to take advantage of Italy's "patent box" in its first operational fiscal year had reached a greater-than-expected 4,500. Read Full Story
On December 1, the Italian Revenue Agency issued a guide delineating how companies can take advantage of Italy's "patent box," together with a circular containing the answers to questions arising out of the new regime's operation. Read Full Story
The decree to implement Italy's "patent box" has been signed by Minister of the Economy and Finance Pier Carlo Padoan and Minister of Economic Development Federica Guidi and should be gazetted shortly. Read Full Story
The European Commission has released a working paper that looks at how significant the introduction of the modified nexus approach will be for the tax affairs of multinational companies that use patent box regimes. Read Full Story
The Italian Government has passed improvements to its new patent box preferential tax regime, even though it was only introduced this month, after approval of the 2015 Budget Law in December. Read Full Story
Hong Kong's Inland Revenue Department has issued amended interpretation and practice notes for taxpayers, regarding the profits tax deduction for capital expenditure on intellectual property rights, and the taxation of royalties derived from their licensing. Read Full Story
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