Posts by admin

Italy: Resolution for Exempting Foreign Branches

January 29, 2018

Pretty hefty amount of complications were found between the content of instructions related to the income tax return for the...

Slovak Republic: Government approves several tax amendments

January 29, 2018

The President has signed an amendment to Law No. 595/2003 Coll. on Income Tax on December 20, 2017. Some of...

Taiwan: MoF announces Safe harbor exemption

January 29, 2018

Taiwan’s Ministry of Finance (MoF) announced a “safe harbor” exemption with respect to Master file and country-by-country (CbC) reporting On...

OECD: Comments received on discussion draft on mandatory disclosure of CRS avoidance arrangements

January 28, 2018

On 18 January 2018 the OECD published comments received in relation to new tax rules on the disclosure of common...

Nigeria: Government signs CbCR Regulations 2018 to follow-up MCAA

January 28, 2018

The Federal Government has signed the Income Tax Regulations or Country-by-Country Reports (CbCR), 2018.  The Regulations are part of the...

OECD: International Compliance Assurance Programme

January 26, 2018

On 23 January 2018 a pilot program was launched in relation to multilateral risk assessment of large multinational groups. The...

Italy: New Regulations Imposed on Corporate Income Tax and Regional Tax

January 25, 2018

The Budget Law came into effect since 1 January 2018 after being published into the Gazette on 29th December 2017....

Italy: Manual for Tackling Tax Evasion and Fraud

January 25, 2018

The Italian Tax Police updated its practical instructions regarding performance of tax audits by releasing the Circular n. 1/2018 i.e....

Italy: Publication of Income Tax Return Form

January 25, 2018

An approval was undergone by the ITA on the individual income tax return form and related instructions for the fiscal...

Italy: Setting up new rules and regulations on pharmaceutical companies regarding VAT and Paybacks

January 25, 2018

New rules has been brought on pharmaceutical companies regarding VAT and Paybacks which has been already undergone since 1st January...

Hungary: Live VAT Invoice Reporting Commencing from July 2018

January 25, 2018

The Live VAT invoice reporting will be starting from 1st July 2018 as reassured by Hungary in this week, the...

Greece: Government announces tax penalty relief

January 25, 2018

The Laws naming Law 4509/2017 and Law 4512/2018 have already been officially gazetted. Government offered relief from penalty after enacting...

Taiwan approves the third income tax optimization plan for 2018

January 25, 2018

Taiwan’s legislative Yuan approved the third income tax optimization plan regarding changes for both corporate and individual taxpayers on 18 January...

Iceland: Parliament approves budget for 2018

January 25, 2018

On 29th December 2017, The Icelandic Parliament has approved a number of tax changes under the 2018 budget. The budget...

France: Change in Transfer Pricing Documentation Requirements

January 24, 2018

French Parliament updated their transfer pricing documentation rules. Under the Finance Act for 2018, which was approved by the Parliament...

China and Georgia: Both the Chinese and Georgian FTA hits the spotlight together

January 24, 2018

Both the Government of the People’s Republic of China and Georgia came into agreement regarding Free Trade which commenced from...

Hong Kong: BEPS Legislation working on strengthening transfer pricing enforcement regime

January 24, 2018

Hong Kong Government proposes a bill, passed on 29th December 2017, with the goals to bring in the transfer pricing...

Georgia: Parliament amends the Tax Code

January 24, 2018

The Parliament approved amendments to the Tax Code which will be entering into force the moment it receives the signature...