1. Local tax developments

1. 1 Update on Notional Interest Deduction

1. 2 Alignment of Intellectual Property Regime

1. 3 Implementation of Common Reporting Standard

1. 4 Special Defence Contribution Refunds

1. 5 Tax Department Reform

2. Tax treaties update

2.1 Tax treaty signed with Ethiopia

3. International tax update

3.1 EU Anti-Tax Avoidance Package

3.2 State Aid Cases

3.3 Russian Deoffshorization Update

4. Tax Diary for April – June 2016

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.