Posts by admin

UAE signs MLI to implement tax treaty regarding BEPS measures

July 1, 2018

The UAE Ambassador to Peru, Mohammad Yousef Al Awadi, has signed the Multilateral Convention to Implement Tax Treaty Related Measures...

Nigeria: Reminder on due date for submitting CIT returns for June, 2018

June 29, 2018

For companies having an accounting year end of December 31, 2017, must submit their company income tax (CIT) return by...

UK: Provisions of updated tax treaty with Cyprus

June 28, 2018

The updated UK-Cyprus Double Taxation Agreement (DTA) signed on March 22 2018 aligns the provisions more closely with the OECD Model....

Kenya: Budget for 2018-19

June 28, 2018

Kenya’s Treasury Cabinet Secretary submitted the 2018-19 Budget on 14th June 2018. Government’s big four agenda of creating jobs, transforming...

Switzerland to exchange first country-by-country reports on multinationals

June 28, 2018

The Swiss government announced that at the end of June, the Federal Tax Administration (FTA) will for the first time...

Egypt: Government publishes amends income tax law regarding transfer pricing rules

June 28, 2018

Government has published Ministerial Decree No. 221 of 2018 amending certain provisions of the Income Tax Law Executive Regulations under Ministerial...

OECD and IGF issue draft toolkit on costing behavioural responses to tax incentives

June 25, 2018

On 18 June 2018 the OECD published a draft toolkit to help developing countries identify and cost the potential behavioural...

OECD considers updating guidance on transfer pricing for intragroup services

June 25, 2018

The OECD is considering revising the guidance in Chapter VII (intragroup services) of the transfer pricing guidelines. A consultation has...

OECD: Working Party considers revising Chapter IV of the transfer pricing guidelines

June 25, 2018

The OECD is considering revising the guidance in Chapter IV (administrative approaches) of the transfer pricing guidelines. A consultation has...

Switzerland publishes guidance regarding mutual agreement procedure

June 25, 2018

The Swiss State Secretariat for International Financial Matters has released guidance for mutual agreement procedure (MAP) requests under Switzerland’s tax...

OECD: Multilateral Instrument ratified by Serbia

June 25, 2018

The OECD has reported that on 5 June 2018 Serbia deposited with the OECD Secretary General its instrument of ratification...

UK: Income tax has increased more for the highest earners

June 24, 2018

Data issued by the UK tax authority HMRC appears to show that the UK’s highest earners paid 9% more in...

UK: Government signals that taxes could rise

June 24, 2018

The UK prime minister has indicated that extra funding to be provided to the health service will be partly raised...

UK: Tax Gap Statistics Published

June 24, 2018

A press release by the UK government on 15 June 2018 confirmed that the tax gap for 2016/17 was an...

Canada: Budget Implementation Act, 2018, No. 1 receives Royal Assent

June 24, 2018

The Finance Minister, Bill Morneau, welcomed Royal Assent of the Budget Implementation Act, 2018, No. 1, which implements a number...

Chile: Reminder about the due date of submitting Sworn Statement of Income

June 24, 2018

The Internal Revenue Service (SII) gives a reminder to taxpayers of the due date of five Affidavit of Income. These...

Greece: Public revenue Authority publishes a circular on MCAA

June 21, 2018

The Public Revenue Authority has published a Circular on June 15, 2018 regarding the lists of jurisdictions with which Greece...

Nigeria: FIRS publishes Income Tax (CbC Reporting) regulations

June 21, 2018

The Federal Inland Revenue Service (FIRS) has released the Income Tax (Country-by-Country Reporting (CbCR)) Regulations on June 19, 2018. It...