Dbriefs Bytes

1. BEPS: Discussion Draft on Hard-to-Value Intangibles (HTVI) (00:41) 1.1 Introduction (00:47) 1.2 Example 1 (04:58) 1.3 Example 2 (09:56) 1.4 Example 3 (15:55) 1.5 Comments (18:25) • To obtain a copy of the OECD's discussion draft on hard-to-value intangibles, visit www.deloitte.com/ap/dbriefs/bytescentral 2. PPT Examples (19:02) 2.1 Example C (20:20) 2.2 Example D (28:06) 2.3 Example E (33:37) 3. Asia Pacific (36:46) • Australia, Hong Kong, India, New Zealand • For a copy of - India's schedules of GST rates for goods and services, visit www.deloitte.com/ap/dbriefs/bytescentral and visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alerts on India's schedules of GST rates for goods and services, visit www.deloitte.com/ap/dbriefs/bytescentral and visit www.deloitte.com/ap/dbriefs/bytescentral - New Zealand's case regarding foreign tax credits and the CFC rules, visit www.deloitte.com/ap/dbriefs/bytescentral 4. Europe (41:59) • EU, Germany, Poland • For a copy of Germany's draft guidance on outbound payments for software, cloud and database use (in German), visit www.deloitte.com/ap/dbriefs/bytescentral 5. Americas (45:16) • US • For a copy of US's Joint Committee on Taxation report on border adjustment tax (BAT), visit www.deloitte.com/ap/dbriefs/bytescentral 6. Treaties (47:06) • Cyprus / San Marino

1. PPT (00:38) 1.1 Article 7(1), Multilateral Convention (01:41) 1.2 Article 7(4), Multilateral Convention (08:58) 1.3 Examples in proposed Commentary (12:40) 1.4 Example A (14:59) 1.5 Example B (17:43) 2. Asia Pacific (20:45) • Australia, India, Singapore • For a copy of Australia's draft guidance on the ATO's transfer pricing risk assessment framework concerning cross-border related party financing arrangements, visit www.deloitte.com/ap/dbriefs/bytescentral, and our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytescentral 3. Europe (24:26) • Belarus, ECJ, Germany, Hungary, Netherlands, Norway • For a copy of - ECJ's decisions on the Belgian 5.15% "fairness tax", visit www.deloitte.com/ap/dbriefs/bytescentral - The French 3% "additional contribution to corporation tax", visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on the French case, visit www.deloitte.com/ap/dbriefs/bytescentral 4. Africa (34:25) • Nigeria 5. Americas (35:15) • US • For a copy of US's notice requesting public comments on the existing regulations which deal with overall foreign losses (OFLs) and overall domestic losses (ODLs), in regard to the foreign tax credit limitation, visit www.deloitte.com/ap/dbriefs/bytescentral

1. BEPS (00:38) • To obtain a copy of the guidance in regard to the circumstances in which local filing of CbC Reports can be required, visit www.deloitte.com/ap/dbriefs/bytescentral 2. Cases (02:12) 2.1 UK: Lee & Bunter (02:25) 2.2 India: Hyundai (10:24) 3. Asia Pacific (13:20) • Australia, China, India, Singapore • For a copy of - Our Tax Alert on the Australian Budget 2017-18 - China's Circular 38 (in Chinese) - India's draft rules on the valuation of unquoted equity shares - Visit www.deloitte.com/ap/dbriefs/bytescentral 4. Europe (20:11) • Denmark, ECJ, Germany, France, Netherlands, Norway • For a copy of our Tax Alert on the ECJ's decision in the case concerning Luxembourg's VAT exemption for "independent groups of persons" (IGP), visit www.deloitte.com/ap/dbriefs/bytescentral 5. Africa (28:16) • Kenya 6. Treaties (28:53) • Barbados / Cyprus, Cyprus / Luxembourg, Ethiopia / Portugal

1. Trump Tax Plan (00:42) 1.1 What's in the plan (what's not) (00:59) 1.2 Global reaction (04:10) 1.3 Legislative process (05:35) • To obtain a copy of the Trump Tax Plan, visit www.deloitte.com/ap/dbriefs/bytescentral, and our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytescentral 2. Cases (07:00) 2.1 Australia: Chevron (07:24) • To obtain a copy of this decision, visit www.deloitte.com/ap/dbriefs/bytescentral, and our Tax Alert on the case, visit www.deloitte.com/ap/dbriefs/bytescentral 2.2 India: Formula One World Championship (18:58) 3. BEPS (20:15) • To access the list of the various automatic exchange relationships under the Multilateral Competent Authority Agreement, visit www.deloitte.com/ap/dbriefs/bytescentral 4. Asia Pacific (21:26) • Australia, Brunei, Hong Kong, India, Philippines, Taiwan • For a copy of - Australia's Cable & Wireless decision, visit www.deloitte.com/ap/dbriefs/bytescentral - Brunei's public ruling on withholding tax, visit www.deloitte.com/ap/dbriefs/bytescentral - Hong Kong's decision on offshore profits and transfer pricing, visit www.deloitte.com/ap/dbriefs/bytescentral - India's 2016-17 APA report, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on the Philippines's new administrative procedures to claim double tax treaty benefits in regard to outbound payments of dividends, interest and royalties, visit www.deloitte.com/ap/dbriefs/bytescentral - Taiwan's ruling on the imposition of VAT on inbound B2C digital services (in Chinese), visit www.deloitte.com/ap/dbriefs/bytescentral 5. Europe (27:24) • Estonia, Germany, Greece, Italy, Luxembourg, Netherlands, Norway, Sweden, UK • For a copy of - Our Tax Alert on Germany's bill to limit the deductibility of certain related party, cross border royalty payments, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on Greece's guidance regarding the application of the merger & acquisition provisions in the income tax law, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on Norway's discussion paper in regard to interest deductions, visit www.deloitte.com/ap/dbriefs/bytescentral 6. Africa (33:58) • Ghana 7. Americas (35:28) • Argentina, Brazil, U.S. • For a copy of - Our Tax Alert on Brazil's ruling on reporting obligations for cross-border finance transaction, visit www.deloitte.com/ap/dbriefs/bytescentral - U.S. Executive Order directing Treasury to review all significant tax regulations issued since 1 January 2016, visit www.deloitte.com/ap/dbriefs/bytescentral - U.S. Notice inviting public comments on the existing regulations which set out rules for the source of income from sales of natural resources and other inventory, visit www.deloitte.com/ap/dbriefs/bytescentral 8. Treaties (39:02) • Bahrain / Thailand, Hungary / Iraq, India / Vietnam, Ireland / Kazakhstan, Latvia / Singapore, Luxembourg / Ukraine

1. VAT (00:39) • To obtain a copy of the OECD's International VAT / GST guidelines, visit www.deloitte.com/ap/dbriefs/bytescentral 2. Asia Pacific (02:20) • Australia, China, India, New Zealand, Taiwan • For a copy of - Australia: written submissions regarding the proposal to impose GST on low-value imported goods, visit www.deloitte.com/ap/dbriefs/bytescentral - Australia: Full Federal Court's decision in Chevron case, visit www.deloitte.com/ap/dbriefs/bytescentral - India's rules on the electronic form to elect the patent box, visit www.deloitte.com/ap/dbriefs/bytescentral - New Zealand's guidance on amendments to the withholding tax rules which apply to outbound interest payments, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert regarding Taiwan's guidance on the application of new rules for the imposition of VAT on inbound digital supplies, visit www.deloitte.com/ap/dbriefs/bytescentral 3. Europe (06:22) • EU, Germany, Russia, UK • For a copy of - European Commission's paper on tax certainty, visit www.deloitte.com/ap/dbriefs/bytescentral - European Commission's working paper on the VAT implications of transfer pricing and our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytescentral and visit www.deloitte.com/ap/dbriefs/bytescentral - Germany's guidance on the circumstances in which the use of a company name would require an arm's length fee (in German), visit www.deloitte.com/ap/dbriefs/bytescentral - UK's guidance on double taxation treaty passport scheme extension, visit www.deloitte.com/ap/dbriefs/bytescentral 4. Africa (10:22) • Kenya, South Africa • For a copy of - Our Tax Alert on Kenya's 2017 Budget, visit www.deloitte.com/ap/dbriefs/bytescentral - South Africa’s draft guidance on VAT zero-rating for international transport services, visit www.deloitte.com/ap/dbriefs/bytescentral 5. Americas (11:57) • Bolivia, Brazil, Canada • For a copy of our Tax Alerts on Brazil's provisional measure making some tax law changes, visit www.deloitte.com/ap/dbriefs/bytescentral and visit www.deloitte.com/ap/dbriefs/bytescentral 6. Treaties (15:05) • Andorra / Portugal, Azerbaijan / Kazakhstan, Bahrain / Philippines, Bangladesh / Bhutan, Belgium / Luxembourg, Belgium / Moldova, Cyprus / Iran, Cyprus / Jersey, Czech Republic / Ghana, Estonia / Kyrgyzstan, Ghana / Netherlands, Ghana / Singapore, Kazakhstan / Uzbekistan, Kenya / Korea, Malawi / Zambia, Malaysia / Slovak Republic 7. While we were away… (15:27) 7.1 Denmark: employee's home office is a PE of employer (15:49) 7.2 UN: Transfer pricing & fees for technical services (18:40) 7.3 CbC reporting: updated guidance (21:58) • To obtain a copy of the OECD's updated guidance on country-by-country reporting, visit www.deloitte.com/ap/dbriefs/bytescentral 7.4 China: Bulletin 6 (23:27) • To obtain a copy of Bulletin 6 (in Chinese), visit www.deloitte.com/ap/dbriefs/bytescentral, our unofficial English translation, visit www.deloitte.com/ap/dbriefs/bytescentral, and our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytescentral

1. Amazon case (00:37) 1.1 Introduction (00:58) 1.2 Buy-in payment (03:21) 1.3 First group of intangibles: website technology (09:45) 1.4 Second group of intangibles: marketing intangibles (17:27) 1.5 Third group of intangibles: customer information (23:39) 1.6 Cost sharing payments: intangible development costs (28:32) 1.7 Cost sharing payments: stock-based compensation (30:45) 1.8 Final comments (33:31) 2. BEPS (34:45) • To obtain a copy of the public comments on the Action 6 discussion draft on non-CIV funds, visit www.deloitte.com/ap/dbriefs/bytescentral 3. Asia Pacific (37:36) • Australia, China, India, Japan • For a copy of - Australia's consultation paper on stapled structures, visit www.deloitte.com/ap/dbriefs/bytescentral, and for our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytescentral - Our 2 Tax Alerts on Australia's "Enterprise incentives" bill, for self-assessing the effective life of intangibles, visit www.deloitte.com/ap/dbriefs/bytescentral, and new "similar business test" for loss recoupment introduced, visit www.deloitte.com/ap/dbriefs/bytescentral - China's Bulletin 6 (in Chinese), visit www.deloitte.com/ap/dbriefs/bytescentral 4. Europe (41:13) • Denmark, UK • For a copy of - Our Tax Alert regarding the UK's new restrictions on interest deductions, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on UK's exit from EU, visit www.deloitte.com/ap/dbriefs/bytescentral 5. Africa (45:08) • South Africa • For a copy of South Africa's draft update of guidance on VAT treatment of the disposal of an enterprise, or part thereof, as a going concern, visit www.deloitte.com/ap/dbriefs/bytescentral 6. Middle East & Central Asia (45:42) • Oman, Saudi Arabia 7. Americas (48:02) • Canada, U.S. • For a copy of Tax Court of Canada's decision in the Nestlé case, visit www.deloitte.com/ap/dbriefs/bytescentral, and U.S. 2016 APA report, visit www.deloitte.com/ap/dbriefs/bytescentral 8. Treaties (50:02) • Andorra / Portugal, Cyprus / Iran, Cyprus / Jersey, Ghana / Netherlands, Kazakhstan / Uzbekistan

1. BEPS (00:42) • For a copy of the OECD's status report to G20 finance ministers and to register for the next OECD webcast, visit www.deloitte.com/ap/dbriefs/bytescentral and visit www.deloitte.com/ap/dbriefs/bytescentral 2. Cases (03:29) 2.1 India: Hospira Healthcare (03:42) 2.2 Belgium: Letter box case (11:52) 3. Asia Pacific (14:26) • China, India, Taiwan • For a copy of our Tax Alert on Taiwan's imposition of VAT on inbound B2C digital supplies, visit www.deloitte.com/ap/dbriefs/bytescentral 4. Europe (19:00) • EU, Norway, UK • For a copy of - Norway's consultation document in regard to residence definition for companies (in Norwegian), visit www.deloitte.com/ap/dbriefs/bytescentral - UK's 2017 Finance Bill, visit www.deloitte.com/ap/dbriefs/bytescentral - UK's consultation document on a withholding tax exemption for interest on debt traded on a Multilateral Trading Facility (MTF), visit www.deloitte.com/ap/dbriefs/bytescentral 5. Middle East & Central Asia (22:49) • Saudi Arabia • For a copy of our Tax Alert on Saudi Arabia's new Zakat regulations, visit www.deloitte.com/ap/dbriefs/bytescentral 6. Americas (23:40) • Bolivia, Brazil, Canada • For a copy of - Our Tax Alert regarding Brazil's Supreme Court ruling that "tax on tax" interaction between State-level VAT (ICMS) and Federal-level social contributions (PIS and COFINS) is unconstitutional, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert regarding Brazil's consolidation of regulations and rules on corporate income tax and social contributions on net profits, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on Canada's 2017 Budget, visit www.deloitte.com/ap/dbriefs/bytescentral 7. Treaties (26:43) • Pakistan / Switzerland, Saudi Arabia / Turkmenistan, Slovak Republic / UAE

1. BEPS (00:46) 2. Case: Cairn (03:02) 2.1 Introduction (03:23) 2.2 Taxpayer's arguments (08:13) 2.3 Other issues (17:34) 3. Case: Sifto (18:22) 3.1 Introduction (18:40) 3.2 Court's decision (21:37) 4. Asia Pacific (25:48) • Australia, Hong Kong • For a copy of - Australia's draft guidance on residence definition for companies, visit www.deloitte.com/ap/dbriefs/bytescentral, and our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytescentral - Hong Kong's legislative bill for the aircraft leasing tax incentive, visit www.deloitte.com/ap/dbriefs/bytescentral 5. Europe (27:26) • Estonia, France, Iceland, Russia, Switzerland • For a copy of - Our Tax Alert regarding the French case on CVAE, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert regarding France's revised guidelines relating to the procedure to obtain an up-front withholding tax exemption on dividends paid to qualifying EU and EEA investment funds, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on Iceland's lifting of capital and currency controls, visit www.deloitte.com/ap/dbriefs/bytescentral - Switzerland's press release regarding changes to the withholding tax ordinance, visit www.deloitte.com/ap/dbriefs/bytescentral 6. Africa (30:58) • South Africa • For a copy of South Africa's two items of draft guidance on Royalty Withholding Tax, visit www.deloitte.com/ap/dbriefs/bytescentral, and for taxation of currency gains or losses, visit www.deloitte.com/ap/dbriefs/bytescentral 7. Americas (31:45) • Brazil, U.S. • For a copy of our Tax Alert on the U.S. Summa Holdings case, visit www.deloitte.com/ap/dbriefs/bytescentral 8. Treaties (33:24) • Ghana / Mauritius, Pakistan / Uzbekistan, Panama / Vietnam

1. BEPS: New Zealand (00:38) 1.1 Transfer pricing and PE avoidance (01:06) 1.2 Limitation of interest deductions (09:12) 1.3 Multilateral Convention (12:36) • To obtain a copy of - BEPS – Transfer pricing and permanent establishment avoidance, visit www.deloitte.com/ap/dbriefs/bytescentral - BEPS – Strengthening our interest limitation rules, visit www.deloitte.com/ap/dbriefs/bytescentral - New Zealand's implementation of the multilateral convention to implement tax treaty related measures to prevent BEPS, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytescentral 2. BEPS: UN (14:24) • To obtain a copy of - UN practical portfolio - "Protecting the Tax Base of Developing Countries against Base Erosion: Income from Services", visit www.deloitte.com/ap/dbriefs/bytescentral - UN practical portfolio - "Protecting the Tax Base of Developing Countries against Base-eroding Payments: Interest and Other Financing Expenses", visit www.deloitte.com/ap/dbriefs/bytescentral 3. Asia Pacific (16:19) • Australia, Hong Kong, India • For a copy of - Consultation paper on proposed changes to Australia's inbound investment policies, visit www.deloitte.com/ap/dbriefs/bytescentral - Australia's guidance on the requirement to include copies of international related party agreements in part B of the transfer pricing local file, visit www.deloitte.com/ap/dbriefs/bytescentral - Hong Kong's paper calling for initiatives to enhance Hong Kong's position as an insurance hub (particularly reinsurance, marine, and captive), visit www.deloitte.com/ap/dbriefs/bytescentral 4. Europe (19:54) • Cyprus, Denmark, ECJ, EU, Germany, Sweden, UK • For a copy of - Our Tax Alert regarding Cyprus's "back-to-back finance regime", visit www.deloitte.com/ap/dbriefs/bytescentral - ECJ's decision regarding differential VAT rates permitted under VAT Directive for newspapers and periodicals if supplied in printed form, vs. if supplied in digital form, visit www.deloitte.com/ap/dbriefs/bytescentral - ECJ's decision regarding the application of the original EU Parent / Subsidiary Directive to dividends paid by a Belgian limited partnership with a share capital, to two Netherlands FIIs, visit www.deloitte.com/ap/dbriefs/bytescentral - ECJ's decision regarding merger tax relief legislation requiring additional conditions to be satisfied in the situation of a merger with a company in another Member State, vs. purely domestic merger, visit www.deloitte.com/ap/dbriefs/bytescentral - European Parliament's report on EU / U.S. trade and investment relations: the effects on tax evasion, money laundering, and tax transparency, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert regarding Germany's draft of amendments to the transfer pricing documentation decree, visit www.deloitte.com/ap/dbriefs/bytescentral - Our 2 Tax Alerts regarding the UK's Budget 2017, visit www.deloitte.com/ap/dbriefs/bytescentral and visit www.deloitte.com/ap/dbriefs/bytescentral 5. Africa (29:00) • Ghana, South Africa • For a copy of South Africa's 2 circulars on the export of IP, visit www.deloitte.com/ap/dbriefs/bytescentral and visit www.deloitte.com/ap/dbriefs/bytescentral 6. Americas (30:39) • U.S. • For a copy of U.S.'s notice requesting public comments on the existing final regulations concerning the measurement of foreign currency transactions for qualified business units, visit www.deloitte.com/ap/dbriefs/bytescentral 7. Treaties (33:51) • Belgium / India, Croatia / Kosovo, Jersey / Mauritius, Paraguay / Qatar

1. Rulings & Cases (00:38) 1.1 Denmark: Ruling on PE status (00:52) 1.2 Two cases: Claiming treaty benefits where domestic law administrative conditions have been breached (08:53) 2. Asia Pacific (13:25) • India, Vietnam • For a copy of - India's circular regarding the Place of Effective Management (POEM) rule for corporate residence, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on Vietnam's Decree 20 in English, visit www.deloitte.com/ap/dbriefs/bytescentral, and in Vietnamese, visit www.deloitte.com/ap/dbriefs/bytescentral 3. Europe (15:50) • EU, Germany, Italy, Sweden, Switzerland • For a copy of - European Commission's report with 9 best practices for Member States to consider adopting in order to improve withholding tax refund procedures, visit www.deloitte.com/ap/dbriefs/bytescentral - European Commission's white paper on the Future of Europe, visit www.deloitte.com/ap/dbriefs/bytescentral - European Commission's consultation document in regard to cross-border VAT fraud, visit www.deloitte.com/ap/dbriefs/bytescentral 4. Africa (20:16) • South Africa • For a copy of - South Africa's draft legislation visit www.deloitte.com/ap/dbriefs/bytescentral and Q&A document regarding the proposed sugar tax, visit www.deloitte.com/ap/dbriefs/bytescentral - SARS rebuttal document regarding the disagreement between SARS and the Minister of Finance, visit www.deloitte.com/ap/dbriefs/bytescentral - South Africa's ruling regarding the "most favoured nation" provision in the protocol to the South Africa / Sweden treaty, visit www.deloitte.com/ap/dbriefs/bytescentral 5. Middle East and Central Asia (22:52) • Israel • For a copy of Israel's statement (in Hebrew) regarding the clawback of a tax incentive, visit www.deloitte.com/ap/dbriefs/bytescentral 6. Americas (23:34) • Colombia, Mexico, U.S. • For a copy of - Our Tax Alert regarding the Mexican Supreme Court decision that legislation implementing BEPS Action 13 is constitutional, visit www.deloitte.com/ap/dbriefs/bytescentral - U.S. draft instructions for Form 8975 and its Schedule A, visit www.deloitte.com/ap/dbriefs/bytescentral - 3 U.S. notices regarding extraterritorial income exclusion, visit www.deloitte.com/ap/dbriefs/bytescentral, allocation of interest expenses to foreign source income, visit www.deloitte.com/ap/dbriefs/bytescentral, and possessions tax credit for investment in qualified Caribbean Basin countries, visit www.deloitte.com/ap/dbriefs/bytescentral 7. Treaties (28:24) 7.1 Double tax treaties (28:32) • India / Singapore, Indonesia / Laos, Singapore / Uruguay 7.2 WTO Trade Facilitation Agreement (28:47) • To obtain a copy of WTO's press release regarding the Trade Facilitation Agreement, visit www.deloitte.com/ap/dbriefs/bytescentral 7.3 UN model treaty (29:20)

1. BEPS (00:33) • To obtain a copy of the agreed compromise for the EU's ATAD II (hybrid mismatch rules), visit www.deloitte.com/ap/dbriefs/bytescentral and for our Tax Alert on this topic, visit www.deloitte.com/ap/dbriefs/bytescentral 2. Cases (04:25) 2.1 Italy: "Beneficial ownership" case (04:33) • To obtain a copy of our Tax Alert on this case, visit www.deloitte.com/ap/dbriefs/bytescentral 3. Asia Pacific (15:46) • Australia, Hong Kong, India, Philippines, Singapore • For a copy of - Australia's final bill to impose GST on low-value goods, visit www.deloitte.com/ap/dbriefs/bytescentral and visit www.deloitte.com/ap/dbriefs/bytescentral, and for our Tax Alert on the topic, visit www.deloitte.com/ap/dbriefs/bytescentral - Australia's decision regarding the Uber case, visit www.deloitte.com/ap/dbriefs/bytescentral and for our Tax Alert on the judgement, visit www.deloitte.com/ap/dbriefs/bytescentral - Australia's Practical Compliance Guideline PCG 2017/2, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on Hong Kong's Budget 2017, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on Singapore's Budget 2017, visit www.deloitte.com/ap/dbriefs/bytescentral 4. Europe (24:15) • Belgium, Ireland, Switzerland, Ukraine • For a copy of - Our Tax Alert on Belgium's legislation for a BEPS-compliant version of patent box, visit www.deloitte.com/ap/dbriefs/bytescentral - Ireland's consultation paper, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on Ukraine's recent tax law changes, visit www.deloitte.com/ap/dbriefs/bytescentral 5. Africa (26:10) • South Africa • For a copy of our Tax Alert on South Africa's Budget 2017, visit www.deloitte.com/ap/dbriefs/bytescentral 6. Middle East and Central Asia (27:23) • Oman 7. Americas (28:18) • Colombia, Honduras 8. Treaties (29:26) • Azerbaijan / Denmark, Burundi / UAE, Ghana / Morocco, Hong Kong / Pakistan, India / Israel, Kazakhstan / Slovenia, Macedonia (FYR) / UAE

1. Cases (00:44) 1.1 India: GE Energy Parts (00:52) 2. Japan's notice on U.S. limited partnerships (12:33) 3. Asia Pacific (21:26) • Australia, India • For a copy of our Tax Alert on Australia's diverted profits tax, visit www.deloitte.com/ap/dbriefs/bytescentral, and Australia's consultation paper on beneficial ownership, visit www.deloitte.com/ap/dbriefs/bytescentral 4. Europe (23:18) • Albania, ECJ, Switzerland, UK • For a copy of our Tax Alert regarding the Swiss referendum on Corporate Tax Reform III, visit www.deloitte.com/ap/dbriefs/bytescentral, and UK's updated guidance regarding cash pooling, visit www.deloitte.com/ap/dbriefs/bytescentral 5. Africa (26:35) • Botswana 6. Middle East and Central Asia (27:17) • Saudi Arabia 7. Treaties (28:37) • Armenia / Slovak Republic, Jordan / UAE, Liechtenstein / UAE

1. BEPS (00:38) 1.1 Action 14: MAP peer reviews (00:50) • For a copy of the press release, visit www.deloitte.com/ap/dbriefs/bytescentral, and questionnaire, visit www.deloitte.com/ap/dbriefs/bytescentral 1.2 Action 13: CbC reporting peer reviews (02:16) • To obtain a copy of the BEPS Action 13 document, visit www.deloitte.com/ap/dbriefs/bytescentral 1.3 Action 5: Transparency framework peer reviews (03:33) • To obtain a copy of BEPS Action 5 document, visit www.deloitte.com/ap/dbriefs/bytescentral 1.4 India: BEPS Action 4 (04:53) 1.5 UK: BEPS Action 4 (06:21) • To obtain a copy of our Tax Alert on the new draft legislation, visit www.deloitte.com/ap/dbriefs/bytescentral 1.6 Australia: diverted profits tax (07:28) • To obtain a copy of Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017, visit www.deloitte.com/ap/dbriefs/bytescentral, and the explanatory memorandum, visit www.deloitte.com/ap/dbriefs/bytescentral 1.7 BEPS: the movie (08:06) 2. Cases (08:54) 2.1 Russia: Beneficial ownership case (09:02) 3. Indian Budget (18:43) • To obtain a copy of our Tax Alert on the budget, visit www.deloitte.com/ap/dbriefs/bytescentral 4. Asia Pacific (23:48) • Australia, Hong Kong, India, Myanmar • For a copy of - Australia's Tax Risk Management and Governance Review Guide, visit www.deloitte.com/ap/dbriefs/bytescentral - Australia's Taxpayer Alert TA 2017/1 in regard to certain fragmentation structures, visit www.deloitte.com/ap/dbriefs/bytescentral - Hong Kong's proposal document regarding a tax regime for the leasing of aircraft to non-Hong Kong aircraft operators, visit www.deloitte.com/ap/dbriefs/bytescentral - India's guidance on the application of GAAR, visit www.deloitte.com/ap/dbriefs/bytescentral 5. Europe (27:38) • Austria, EU, Hungary, UK • For a copy of - The European Commission's invitation for public comments on the case concerning Luxembourg tax rulings issued to the GDF Suez group, visit www.deloitte.com/ap/dbriefs/bytescentral - The EU's BEPS roadmap (Maltese Presidency), visit www.deloitte.com/ap/dbriefs/bytescentral 6. Africa (29:46) • Mauritius 7. Middle East and Central Asia (30:55) • Gulf Cooperation Council, Israel • For a copy of our Tax Alert on Israel's tax incentives for technology companies, visit www.deloitte.com/ap/dbriefs/bytescentral 8. Americas (32:19) • Brazil, U.S. 9. Treaties (35:54) • Austria / Iceland, Austria / India, Austria / Japan, Austria / Luxembourg, Barbados / Qatar, Finland / Turkmenistan, Morocco / South Sudan, Netherlands / Uzbekistan, South Africa / Zimbabwe

1. TPP (00:40) 2. Brexit (03:26) • For a copy of Prime Minister's speech, visit www.deloitte.com/ap/dbriefs/bytescentral, and the Supreme Court decision, visit www.deloitte.com/ap/dbriefs/bytescentral 3. Transfer Pricing (07:44) • For a copy of the discussion draft, visit www.deloitte.com/ap/dbriefs/bytescentral 4. Asia Pacific (08:58) • Australia, India, Malaysia • For a copy of - Australia's announcement regarding GST fraud scheme, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on Australia's draft legislation regarding the increase in level of penalties imposed on "significant global entities", visit www.deloitte.com/ap/dbriefs/bytescentral - Australia's final guidelines regarding transfer pricing risks associated with offshore procurement, marketing, sales and distribution hubs, visit www.deloitte.com/ap/dbriefs/bytescentral and our Tax Alert on the topic, visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert regarding India's GST start date deferral, visit www.deloitte.com/ap/dbriefs/bytescentral, and India's final POEM guidelines, visit www.deloitte.com/ap/dbriefs/bytescentral 5. Europe (18:46) • European Court of Justice, EU, Germany, Netherlands, Serbia • For a copy of - Mercedes Benz case (Italy VAT), visit www.deloitte.com/ap/dbriefs/bytescentral - Our Tax Alert on Germany's decision to proceed with a bill to limit the deductibility of certain related party, cross-border royalty payments, visit www.deloitte.com/ap/dbriefs/bytescentral - Netherlands: letter to the House of Representatives from Minister of Finance (in Dutch), visit www.deloitte.com/ap/dbriefs/bytescentral 6. Americas (22:31) • U.S. • For a copy of - Final, temporary and proposed regulations in regard to transfers of appreciated property to partnerships with related foreign partners, visit www.deloitte.com/ap/dbriefs/bytescentral and visit www.deloitte.com/ap/dbriefs/bytescentral - Final, temporary and proposed regulations in regard to inversion transactions, visit www.deloitte.com/ap/dbriefs/bytescentral and visit www.deloitte.com/ap/dbriefs/bytescentral, and our Tax Alert on the topic, visit www.deloitte.com/ap/dbriefs/bytescentral - Final, temporary and proposed regulations in regard to dividend equivalent payments from US sources, visit www.deloitte.com/ap/dbriefs/bytescentral and visit www.deloitte.com/ap/dbriefs/bytescentral - Final regulations in regard to the qualifying income exception for publicly traded partnerships not to be treated as corporations for US tax purpose, visit www.deloitte.com/ap/dbriefs/bytescentral - Final regulations in regard to certain transfers of property to regulated investment companies (RICs) and real estate investment trusts (REITs), visit www.deloitte.com/ap/dbriefs/bytescentral - Corrections to the final and temporary section 385 regulations, visit www.deloitte.com/ap/dbriefs/bytescentral and visit www.deloitte.com/ap/dbriefs/bytescentral - Revenue Procedure 2017-23, visit www.deloitte.com/ap/dbriefs/bytescentral 7. Treaties (25:54) • Armenia / Belarus, Belarus / Hong Kong, Chile / Italy, Hungary / Iran, Hungary / Iraq, Hungary / Luxembourg, India / Kuwait, India / Slovenia, Japan / Latvia, Jersey / Seychelles, Paraguay / UAE, Portugal / Vietnam, Turkmenistan / UK, UAE / UK

1. BEPS Action 6: Non-CIV Funds (00:38) 1.1 Introduction (00:46) 1.2 Regional investment platform example (03:56) 1.3 Securitisation company example (10:38) 1.4 Immovable property non-CIV fund example (16:49) 1.5 Examples and the text of the PPT (21:37) 1.6 Other issues (24:08) • To obtain a copy of the discussion draft, visit www.deloitte.com/ap/dbriefs/bytescentral 2. Asia Pacific (26:43) • Hong Kong, India, Singapore • For a copy of - Hong Kong's Financial Services Development Council paper, visit www.deloitte.com/ap/dbriefs/bytescentral - Singapore's updated guidance on Tax treatment of REITs (real estate investment trusts), visit www.deloitte.com/ap/dbriefs/bytescentral, Discretionary tax exemption (under section 13(12)) for certain foreign sourced income, visit www.deloitte.com/ap/dbriefs/bytescentral and Transfer pricing, visit www.deloitte.com/ap/dbriefs/bytescentral 3. Europe (29:34) • Denmark, Germany, EU, Netherlands, Georgia, Switzerland • For a copy of European Commission's decision in the State aid probe of Luxembourg tax rulings granted to GDF Suez (Engie), visit www.deloitte.com/ap/dbriefs/bytescentral, and for a copy of our Tax Alert on Germany's legislation regarding additional relief from change-in-ownership rules, visit www.deloitte.com/ap/dbriefs/bytescentral 4. Americas (36:36) • Brazil, Colombia, Peru 5. Treaties (39:20) • Albania / Iceland, Canada / UK, India / Kazakhstan, Isle of Man / UK, Jersey / UK, South Africa / Zimbabwe