Posts by admin

Spain: Modifies the transfer pricing legislation

January 29, 2015

In the “Corporate Income Tax Reform 2015” enacted under the Law 27/2014 the following transfer pricing rules are amended; Scope...

Hong Kong: IRD Releases Revised Forms To Apply For Resident Status For Tax Treaties

January 29, 2015

The Inland Revenue Board of Hong Kong on January 29 released revised forms for companies, partnership, trusts, and other entities...

Russia: Federal Arbitration Court has made decision regarding tax audits of adjusted tax returns

January 29, 2015

A Russian company naming “OJSC RN Holding (OJSC)” has submitted adjusted tax returns for June, August and December 2009 to...

ECJ: Advocate General’s opinion on X AB Case

January 28, 2015

The Advocate General of the European Court of Justice (ECJ) issued an opinion on 22 January 2015 in the case...

Finland: Tax Administration Publishes Guidance On Advance Tax Withheld On Dividend

January 28, 2015

Finish Tax Administration published guidance, on 26 January 2015, on advance tax withheld on dividends paid to resident natural persons...

Romania: Government Plans To Cut VAT Rate In 2016

January 28, 2015

The Romanian Government is planning to cut the value-added tax rate by 3% from 2016. The announcement marks a part...

El Salvador: IMF Country Report on Fiscal Policy

January 27, 2015

The IMF issued Country Report 13/15 on El Salvador on 12 January 2015, following the completion of an IMF mission...

Chile: Tax reform implications for foreign investors

January 27, 2015

Foreign investors in Chile require to consider the effect of tax reform changes. According to the prior tax regime, Chile...

Poland: Taxation of undeclared income approves by parliament

January 27, 2015

The lower chamber of the parliament has approved a draft law (draft No. 3032) on 16 January 2015 and after...

OECD Holds Public Discussion on Dispute Resolution Mechanisms

January 26, 2015

On 23 January 2015 the OECD held a public discussion on action 14 of the base erosion and profit shifting...

OECD Holds Public Meeting on the Prevention of Treaty Abuse

January 26, 2015

On 22 January 2015 the OECD held a public consultation meeting to discuss the base erosion and profit shifting (BEPS)...

OECD holds public consultation on preventing the artificial avoidance of PE status

January 26, 2015

On 21 January 2015 the OECD held a public consultation on the artificial avoidance of permanent establishment (PE) status. This...

Taiwan: Individual Income Tax Modified

January 26, 2015

The Legislative Congress in Taiwan passed an amendment to article 15 of the Income Tax Act on 6 January 2015 which...

Canada: Customs Notice permits import duty refund claims on transfer pricing adjustments

January 26, 2015

Basically, Customs Notices are issued to inform clients about proposed changes to customs procedures. Customs Notice N-15-001 has been published...

Hong Kong: Government Renews Anti-Money Laundering Guidelines

January 26, 2015

Hong Kong has gazetted an anti-money laundering amendment notice that will allow its financial institutions to continue to delegate customer...

France and Austria Seek To Launch FTT In 2016

January 26, 2015

France and Austria sought to break deadlocked talks with nine other European countries for a financial transaction tax, by proposing...

Spain: Government Announces New Country-by-Country Reporting Obligations for MNEs

January 25, 2015

The Spanish government on 20 January 2015 announced that it will issue regulations, expected to be adopted in the first...

WTO Launches Process to Agree Doha Programme

January 23, 2015

A meeting was held on 21 January 2015 at which the Director General of the World Trade Organization (WTO) began...