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Netherlands submits legislative proposal to implement ATAD postponed

July 20, 2018

The Secretary of State for Finance has forwarded Letter no. 2018-0000119097 to the Lower House of Parliament on 13th July...

Puerto Rico publishes extended date for filing annual corporate reports for 2017

July 20, 2018

The Secretary of State published Administrative Order 2018-04 (AD 2018-04) on 16th July 2018, extending the due date from 18th...

New Zealand’s taxation act regarding Neutralising Base Erosion and Profit Shifting receives royal assent

July 20, 2018

New Zealand’s Taxation (Neutralising Base Erosion and Profit Shifting) Act received royal assent on 27 June 2018. The main measures...

Puerto Rico: Treasury Department defines extended timeline for filing returns 2017

July 19, 2018

The Treasury Department of Puerto Rico (PRTD) has explained (Informative Bulletin 18-14) the due dates for taxpayers who have submitted automatic...

OECD: Global Forum issues peer reviews on tax transparency and information exchange

July 17, 2018

On 16 July 2018 the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes published peer review...

Platform for Collaboration on Tax: taxation of offshore indirect transfers

July 17, 2018

On 16 July 2018 the Platform for Collaboration on Tax (PCT) published a new draft of its toolkit on the...

Canada: CRA publishes 2017 APA Program Report

July 17, 2018

The Canada Revenue Agency (CRA) has published an annual report on its APA program since the 2001 to 2002 fiscal...

Canada: NRA announces successful first round of CbC report exchanges

July 17, 2018

The Minister of National Revenue Agency (NRA) has announced that Canada has completed its first round of CbC report exchanges...

Brazil clarifies CFC rule regarding exemption for oil and natural gas industry

July 15, 2018

Private Ruling 4,020/2018 concerning the exemption under CFC rules for profits acquire by the oil and gas industry was published...

Brazil: Government sanctioned guidance regarding new tax incentives for automotive sector

July 10, 2018

On 5th July 2018 government sanctioned guidance (Provisional Measure 843/18 (PM 843)) that initiates a new tax incentive program for...

Norway: MoF sets a late payment interest rate for July to December 2018

July 8, 2018

The Ministry of Finance (Mof) has published a regulation to set the late interest rate for the second half of...

Turkey: General Communiqué No. 500 has been gazetted

July 8, 2018

The General Communiqué No. 500 has published on July 6, 2018, regarding Tax Procedure Law in the Official Gazette. It...

Nigeria: Cabinet approves MCAA on financial account information

July 7, 2018

The Cabinet has approved the Multilateral Competent Authority Agreement (MCAA) On July 4, 2018, regarding the automatic exchange of Financial...

OECD: Discussion Draft on Transfer Pricing for Financial Transactions

July 5, 2018

On 3 July 2018 the OECD released a discussion draft on financial transactions in relation to BEPS actions 8 to...

Nigeria: FIRS Issues guidelines for CbC reporting regulations

July 5, 2018

The Federal Inland Revenue Service (FIRS) has published the guidelines of Country by Country (CbC) Reporting Regulations on July 3,...

PGA Highlights: July 2018

July 2, 2018

In the United States the following events have taken place under the several PGA during the month of June 2018....

United States: ADD/CVD Roundup for July 2018

July 2, 2018

Following table shows the Federal Register notices related to ADD/CVD cases for June 2018 in United States. Country Product Investigations...

Bulgaria: NRA publishes 2018 handbook on corporate income tax

July 1, 2018

The National Revenue Agency (NRA) published a 2018 Handbook on June 28, 2018, regarding corporate income tax with revenue administration...