Posts by admin

Thailand: Draft Act contains new transfer pricing provisions

June 2, 2015

The Cabinet of Thailand approved a draft Act on Revenue Code Amendment on 7 May 2015. If enacted the Act...

Argentina: New tax treaty with Chile

June 1, 2015

The governments of Argentina and Chile signed a new treaty for the Avoidance of Double Taxation with respect to Taxes on...

UK: HMRC releases information on non-domiciled individuals

May 31, 2015

The UK tax authority HMRC has released some statistical information on non-domiciled individuals in response to a request made under...

OECD Publishes Economic Survey of Slovenia for 2015

May 29, 2015

The OECD has published its Economic Survey of Slovenia for 2015. The survey notes that in pursuit of fiscal consolidation...

OECD Convenes Group to Develop Multilateral Instrument

May 28, 2015

The OECD announced on 28 May 2015 that it has begun work on developing a Multilateral Instrument that will implement...

UK government proposes legislation to freeze income tax rate

May 28, 2015

On 27 May 2015 the UK government’s legislative program for 2015/16 was announced in the traditional Queen’s Speech at the...

Zambia: IMF comments on fiscal policy

May 28, 2015

The International Monetary Fund (IMF) issued a press release on 22 May 2015 following discussions with Zambia under Article IV...

European Commission re-launches plan for common tax base in the EU

May 28, 2015

On 27 May 2015 the European Commission moved to re-launch the idea of a Common Consolidated Corporate Tax Base (CCCTB)...

FATCA Agreement Signed between United States and Romania

May 28, 2015

Romania and the United States have signed a Foreign Account Tax Compliance Act (FATCA) agreement on 28 May 2015. This...

Peru: New law on tax incentives for medium-sized, small and micro enterprises

May 27, 2015

In Peru, Law 30327 providing tax incentives for medium-sized, small and micro enterprises was published in the Official Gazette on...

Philippines: IMF comments on economic and fiscal policy

May 26, 2015

The International Monetary Fund (IMF) has issued a statement at the conclusion of its discussions with the Philippines under Article...

Poland: Draft Regulation Introducing Amendments Based on BEPS Documentation Requirements

May 26, 2015

The Polish Ministry of Finance published a draft regulation on 27 April 2015 which introduced amendments on transfer pricing documentation in line with the requirements...

US: Legislation on Permanent Research and Development Tax Credit

May 26, 2015

The US House of Representatives has passed legislation that would simplify and strengthen the research and development tax credit and...

Japan: IMF comments on economic and fiscal position

May 26, 2015

The IMF has issued a concluding statement at the end of discussions with Japan under Article IV of its articles...

Turkey: Unilateral APA updated

May 26, 2015

The tax administration has announced that it has concluded preparations for conclusion of a unilateral Advance Pricing Agreement (APA) between the tax...

Greece: Finance Minister Announces Tax Amnesty Plans

May 26, 2015

The Finance Minister of Greece Mr. Yanis Varoufakis has announced his intention to introduce a bill to allow taxpayers to...

UK government considers changes to taxation of non-domiciled individuals

May 26, 2015

The second UK budget for 2015 planned for 8 July 2015 could include changes to the UK tax rules for...

OECD issues new discussion draft on prevention of treaty abuse

May 25, 2015

On 22 May 2015 the OECD issued a new discussion draft on Action 6 of the action plan on base...