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Colombia- Tax haven transactions subject to transfer pricing regime

August 16, 2015

The National Tax Authority of Colombia published Ruling 20776 of 2015 according to which transactions carried out with tax haven...

Costa Rica Introduces arm’s length price principle

August 15, 2015

The Bill No. 19,679 dated 12 August 2015 was submitted to the Legislative Assembly to introduce the arm’s length principle...

Spain: IMF comments on fiscal and tax policy

August 15, 2015

A selected issues paper published by the IMF on 14 August 2015 covers among other matters the challenge of coordination...

Treaty between Argentina and Chile – Chilean guidelines issued on treatment of shipping companies following termination of treaty

August 15, 2015

The tax authority of Chile issued Order No. 1757(the Order) on 6 July 2015 according to which Chilean  shipping companies...

Argentina-Deadline for issuance of VAT electronic invoices and records

August 15, 2015

The tax administration of Argentina published General Resolution No. 3,793 in the Official Gazette on 10 August 2015. According to...

UK: Capital gains tax treatment of carried interest

August 14, 2015

Legislation was included in the Summer Finance Bill 2015 published on 15 July 2015 to make technical changes to the...

Brazil: Presents new proposal on taxation for financial firms and interest on net equity

August 14, 2015

Brazilian Senator presented a report on the analysis of Provisional Measure 675 (MP 675) regarding new social contribution on net...

Chile: IRS issues guidelines regarding anti-avoidance rules

August 14, 2015

The Inland Revenue Service (IRS) in Chile has issued total 7 circulars including Circulars 65 and 68 on 23rd July 2015...

US: IRS Issued New Revenue Procedures on Competent Authority and Advance Pricing Agreement

August 14, 2015

The IRS has issued two revenue procedures on August 12, 2015 with details guidance to request assistance from the US...

DTA between Czech Republic and Senegal initialed

August 14, 2015

After completing a successful 3rd round of negotiations held in Prague, the Income Tax Treaty between Czech Republic and Senegal...

UK Summer Budget 2015 Reduces Corporate Tax Rate for Future

August 14, 2015

UK summer budget 2015 announced on 7 July 2015 has reduced corporate tax rate from the current rate of 20%...

Russia: Exemption from excise duties on export of excisable goods

August 13, 2015

The Russian Finance Ministry issued Letter No. 03-07-15/41049 on 16th July 2015 clarifying the application procedure for exemption from excise duties on export of excisable...

OECD Issues Tax Administration Report for 2015

August 12, 2015

The OECD issued the Tax Administration 2015 report on 11 August 2015. This report contains data from a survey of 56...

Ecuador-new regulations on transfer pricing documentation requirements

August 12, 2015

Recently Ecuador’s Internal Revenue Service (IRS) has issued regulations giving outlines to new transfer pricing documentation requirements. The new regulations...

Chile: Bill to amend the tax reform of 2014

August 12, 2015

The Finance Ministry has declared that the Government submitted a bill on 10th August 2015 to amend the tax reform of...

Russia: Authorization for signature to tax agreement with Hong Kong

August 11, 2015

The Government of Russia has authorized the Finance Ministry to sign the draft text of the tax agreement between Hong...

OECD issues new guidance on disclosure requirements and information exchange

August 10, 2015

On 7 August 2015 the OECD issued three guidance documents for tax administrations to help them in their fight against tax...

Thailand-Tax incentive for the expenditures of research and development (R&D) of technology and innovation

August 10, 2015

The cabinet of Thailand has passed a tax incentive for the expenditures occurred in the R&D sector of technology and...