Summary: 1. Cases • Kerala Vision - Retrospective amendments to definition of "royalties" - Impact on tax deduction for relevant payments - For information: K.R. Sekar (Bangalore): krsekar@deloitte.com • Antwerp Diamond Bank - Retrospective amendments to definition of "royalties" - Application to treaty definition? - For information: Rajesh Gandhi (Mumbai): rajegandhi@deloitte.com • IATA BSP - Application of "most favored nation" clause in treaty - For information: K.R. Sekar (Bangalore): krsekar@deloitte.com 2. Shanghai Pilot Free Trade Zone • 2014 "negative list" for foreign investors • Overall, a relaxation • For a copy of the 2014 "negative list" (Chinese language), visit www.deloitte.com/ap/dbriefs/bytes • For information: Vicky Wang (Shanghai): vicwang@deloitte.com.cn Ye Hong (Shanghai): hoye@deloitte.com.cn 3. Transfer pricing: Malaysia and Vietnam • Malaysia - Questions on income tax return form - Questionnaire (called "transfer pricing awareness survey") - For a copy of the questionnaire, visit www.deloitte.com/ap/dbriefs/bytes - For information: Tan Hooi Beng (Kuala Lumpur): hooitan@deloitte.com • Vietnam - Revised transfer pricing information form - For a copy of revised form, visit www.deloitte.com/ap/dbriefs/bytes - For information: Tom McClelland (Ho Chi Minh): tmcclelland@deloitte.com 4. FATCA and CRS • FATCA (Foreign Account Tax Compliance Act) starts! - For FATCA article in World Tax Advisor, visit www.deloitte.com/ap/dbriefs/bytes • CRS (Common Reporting Standard) - Australia issues discussion paper, for comment - For a copy of discussion paper, visit www.deloitte.com/ap/dbriefs/bytes 5. In brief • Japan: Shiseido - Transfer pricing assessment • BEPS: Spain’s unilateral actions - For a copy of our Tax Alert, visit www.deloitte.com/ap/dbriefs/bytes - For information: Brian Leonard (Madrid): bleonard@deloitte.es • U.S. officials resign • Brazil: change of treaty interpretation - For a copy of our Tax Alert, visit www.deloitte.com/ap/dbriefs/bytes - For information: Marcelo Natale (Sao Paulo): mnatale@deloitte.com • China - Bulletin 38: CFC rules - Draft guidance on GAAR (comments requested by 1 August 2014) - For information: Vicky Wang (Shanghai): vicwang@deloitte.com.cn Ye Hong (Shanghai): hoye@deloitte.com.cn • India: corporate social responsibility - For a copy of government circular, visit www.deloitte.com/ap/dbriefs/bytes - For information: K.R. Sekar (Bangalore): krsekar@deloitte.com • Indonesia: Presidential election
