Posts by admin

UK: HMRC statement on late filing penalties

June 10, 2015

The UK tax authority HMRC has issued a statement following press reports that it was not pursuing penalties for late...

Hungary: Proposals for tax law changes for 2016 submitted to Parliament

June 10, 2015

The Government of Hungary recently submitted to the Parliament certain proposals concerning amendments to the tax law which will become...

Mauritius: Signing of MOU with South Africa

June 10, 2015

South Africa and Mauritius have signed a memorandum of understanding (MOU) on 22 May 2015. Following the signature of the MOU the revised...

Brazil: Issues new Normative Instruction

June 10, 2015

The Brazilian Federal Revenue Department issued Normative Instruction (NI) 1568/15 on June 8, 2015. This has restricted the application of...

OECD issues implementation package on country by country reporting

June 8, 2015

On 8 June 2015 the OECD released a package of measures for implementing the country by country reporting plan proposed...

OECD issues discussion draft on transfer pricing for hard-to-value intangibles

June 6, 2015

On 4 June 2015 the OECD issued a further discussion draft in connection with Action 8 of the action plan...

PGA Highlights: May 2015

June 6, 2015

In United States, the following events have been taken place under the several PGA during the month of May 2015. Agencies...

UK: Double taxation agreement with Kosovo

June 5, 2015

The UK signed a double taxation agreement with Kosovo on 4 June 2015. The agreement generally follows the provisions of...

OECD: Seven more countries agree to automatic exchange of information

June 5, 2015

Seven more countries have agreed to sign up to the OECD/G20 standard on the exchange of tax information. The latest...

Slovak Republic and Armenia: DTA signed

June 5, 2015

The Ministry of Foreign Affairs of Armenia has confirmed that a Double Tax Agreement (DTA) between Armenia and Slovakia has...

International Commission calls for more developing country participation in BEPS

June 4, 2015

An international panel including Nobel Prize winning economist Joseph Stiglitz and other development experts has called for greater developing country...

China and Russia: DTA signed

June 4, 2015

The Double Tax Agreement (DTA) between China and Russia has been signed on 8th May 2015.

Colombia: IMF comments on fiscal policy

June 3, 2015

The IMF issued a press release on 29 May 2015 following the conclusion of discussions with Colombia under Article IV...

DTA between Malaysia and Slovak Republic signed

June 3, 2015

A Double Tax Agreement (DTA) between Malaysia and Slovak Republic has been signed on 25th May 2015.

India: WTO conducts trade policy review

June 3, 2015

The World Trade Organization (WTO) is conducting a trade policy review of India on 2 and 4 June 2015. The...

UK: Penalties for late individual tax returns waived

June 2, 2015

According to UK media reports the tax authority HMRC has decided to write off the GDP 100 penalty for late...

UK: bad debt relief on peer to peer lending

June 2, 2015

In the Autumn Statement for 2014 delivered in December 2014 the Chancellor announced a package of measures in support of...

IMF working paper looks at base erosion, profit shifting and developing countries

June 2, 2015

The International Monetary Fund (IMF) has published on its website a working paper (No. 15/118) entitled “Base Erosion, Profit Shifting...