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OECD: Project to examine differences between Brazil’s transfer pricing rules and the Guidelines

March 2, 2018

On 28 February 2018 the OECD and Brazil began a joint project to examine the similarities and gaps in approaches...

Italy: Real-time e-invoices

March 1, 2018

Mandatory real-time electronic sales invoice reporting has been introduced by the Italian Revenue Agency. The process will be effective from...

Canada: Finance Minister presents the Federal Budget 2018

February 28, 2018

The Finance Minister, Bill Morneau, presented a federal budget, on February 27, 2018, that plans a clear course for the...

Netherlands: Dutch Council of Ministers approves fiscal policy agenda

February 28, 2018

The Council of Ministers approved the fiscal policy agenda on a package to combat tax avoidance and tax evasion. The...

Mexico modifies transfer pricing filing due dates

February 28, 2018

As a result of an amendment to Article 32-H of the Federal Tax Code (FTC) became the due date amended...

Argentina publishes guidance on the tax deduction incentive for start-ups

February 28, 2018

The Ministry of Production has recently released proper instructions regarding tax deduction incentive. This incentives assists to investments in eligible...

Poland: MoF issues guidance on preparation of transfer pricing documentation

February 27, 2018

Poland’s Ministry of Finance (MoF) has published general interpretation no. DCT.8201.1.2018 regarding thresholds for the obligation to prepare transfer pricing...

Nigeria: FG to re-introduce excise duty

February 26, 2018

In accordance with the directive of ECOWAS council of ministers, the Federal Government (FG) will re-introduce excise duty on some...

Turkey: General Communiqué No. 3 regarding APAs publishes in the official gazette

February 25, 2018

The General Communiqué No. 3 regarding application process of Advance Pricing Agreements (APAs) was published on December 7, 2017 in...

Hungary: The reduction of VAT on foodstuff is ongoing

February 25, 2018

The Government’s goal is to tax the most important foodstuffs with the lowest possible levels of Value Added Tax (VAT),...

New Zealand: Government drafting amendments to transfer pricing rule

February 25, 2018

On 14th February 2018 government announced that it will recommend a change to transfer pricing provisions in a bill designed...

Canada: MLI ratification process begins

February 25, 2018

The Parliamentary Secretary on behalf of the Minister of Foreign Affairs, Matt DeCourcey, had presented the OECD Multilateral Convention to...

Czech Republic: Proposed amendments to income tax for 2019

February 25, 2018

Recently, Finance Ministry has published the first draft copy of the amendment to the Income Tax Act for comments. These...

IMF Report Calls for More Efficient UK Economy

February 23, 2018

An IMF assessment of the UK economy published on 14 February 2018 concludes that the UK economy must become more...

UK: Consultation on extending assessment time limit for offshore cases

February 22, 2018

On 19 February 2018 HMRC issued a consultation document entitled ‘Extension of Offshore Time Limits’. This follows an announcement in...

UK: Review of the corporate intangible fixed assets regime

February 22, 2018

At the Autumn Budget in November 2017 the UK government announced a review of the corporate intangible assets regime.  This...

Canada: British Columbia issues draft budget 2018-19

February 22, 2018

The Finance Minister of British Columbia, Carole James, presented the province’s fiscal budget 2018-2019 on February 20, 2018. The summary...

OECD: Working paper on taxation of debt and equity of individuals

February 21, 2018

An OECD working paper written by M. Harding and M. Marten and issued on 15 February 2018 is entitled “Statutory...